B.A., Miami University; A.M., Ph.D., Harvard University
Professor Emeritus of Economics
Research is concerned with the causes and effects of boom and bust cycles in real estate; co-developed Case-Shiller Index, a leading measure of home pricing trends.
My research concerns all aspects of the housing market. My work is focused on the relationship between real estate markets and the macroeconomic performance of countries. I am the co-founder with Robert Shiller of the S&P Case-Shiller Index of Real Estate Prices, and am a member of the Standard and Poor's Index Advisory Committee. I am also a senior fellow of the Joint Center for Housing Studies at Harvard University and President of the Boston Economics Club.
I have served as a member of the boards of directors of the American Real Estate and Urban Economics Association, the Mortgage Guarantee Insurance Corporation (MGIC), the Depositor's Insurance Fund of Massachussetts, Century Bank, the Lincoln Institute of Land Policy, and the Rapport Institute for Greater Boston.
During the course of my career at Wellesley College I taught more than 4,000 students. My teaching focused on urban economics, real estate markets and real estate finance, and public finance. I taught principles of both macro and microeconomics, intermediate microeconomics, statistics, econometrics, and the history of economic thought.
Other interests include music, golf, and wine…and grandchildren!