The memory of Clive W. J. Granger, a UCSD professor emeritus and a Nobel laureate, was honored recently with the establishment of the Sir Clive W. J. Granger Endowed Chair in Econometrics at UCSD.
“Clive was an inspiration to the department of economics,” said Jeff Elman, dean of the Division of Social Sciences. “He was widely admired by his colleagues and greatly appreciated by his students. It seems only appropriate an endowed chair is established in his name.”
One of two named endowed chairs in economics, the Granger Chair will help recruit or retain key faculty to the department of economics in the Division of Social Sciences. At the request of Granger, the chair will be a term chair, rotating to a new faculty member every five years.
Born in Wales, United Kingdom, Granger earned his Ph.D. at the University of Nottingham. He came to UCSD in 1974 where he built up the econometrics group that for many years has been ranked as among the top in the nation. Although retired from teaching in 2003, Granger remained active in the department of economics until his death in May.
Granger’s contributions to the theory and practice of time series analysis spanned nearly four decades. His research on forecasting, causality and co-integration introduced tools used by every empirical economist. These tools are also employed in the fields of biology, engineering and statistics.
The endowed chair was made possible thanks to the support of many donors, including UCSD alumni John ’88 and Kim ’87 Iorillo; Jennifer and Ken Kroner, Ph.D. ’88; and the W.P. Carey Foundation of New York.