Kenneth Singleton
Kenneth J. Singleton | |
|---|---|
| Born | 1951 |
| Occupation(s) | Economist, professor |
| Known for | Empirical financial economics, dynamic asset pricing, credit risk |
| Notable work | Credit Risk; Empirical Dynamic Asset Pricing: Model Specification and Econometric Assessment; Japanese Monetary Policy |
Kenneth Jan Singleton (born 1951) is a prominent American economist renowned for his contributions to empirical financial economics. He holds the title of Adams Distinguished Professor of Management, emeritus at the Stanford Graduate School of Business, where he specializes in finance education.
Singleton completed his undergraduate studies in mathematics at Reed College in 1973 and obtained his PhD in economics from the University of Wisconsin-Madison. His notable research primarily addresses econometric techniques used to estimate and evaluate dynamic asset pricing frameworks. He is the coauthor, alongside Darrell Duffie, of the book Credit Risk, and authored Empirical Dynamic Asset Pricing: Model Specification and Econometric Assessment. His research collaborators include Lars Peter Hansen, Darrell Duffie, Jun Pan, and Qiang Dai. His areas of expertise encompass modeling the term structure of government and defaultable bonds, managing market, credit, and liquidity risks, as well as debt financing strategies in emerging markets.
In addition to his academic roles, Singleton is Codirector of the Credit Risk Executive Program with Duffie and participates as a member of the Consortium on Financial Systems and Poverty. He also provides consultancy services to industry, notably acting as a senior scientist at Financial Crossing, a Palo Alto-based startup focused on software solutions for liability management and mortgage advisory.
Among his accolades are the Smith Breeden Distinguished Paper Prize awarded by the Journal of Finance, the Frisch Medal from the Econometric Society, the Stephen A. Ross Prize in Financial Economics, and the Irving Fisher Dissertation Award. He was elected fellow of the Econometric Society in 1988 and of the Journal of Econometrics in 1998. Since 1982, he has been a research associate at the National Bureau of Economic Research. During a leave from Stanford, Singleton served as vice president for Fixed Income Research at Goldman Sachs Asia (1991–92) and acted as special advisor to the chief economist at the IMF amid the 2009 global financial crisis. He held the presidency of the Society for Financial Studies from 2011 to 2012 and was editor-in-chief of the Journal of Finance between 2012 and 2016.
Singleton is also the founder and president of 1 Grain to 1000 Grains, a nonprofit organization dedicated to promoting nutritious eating habits and financial literacy among economically disadvantaged families.
Bibliography
- Kenneth J. Singleton, Empirical Dynamic Asset Pricing: Model Specification and Econometric Assessment, Princeton University Press, 2009 (originally published 2006)
- Darrell Duffie and Kenneth J. Singleton, Credit Risk: Pricing, Measurement, and Management, Princeton University Press, 2012
- Kenneth J. Singleton, Japanese Monetary Policy, University of Chicago Press, 2007
External links
- 1951 births
- 21st-century American economists
- American financial economists
- Stanford University Department of Economics faculty
- Stanford University Graduate School of Business faculty
- Carnegie Mellon University faculty
- University of Virginia faculty
- University of Wisconsin–Madison alumni
- Reed College alumni
- Fellows of the Econometric Society
- The Journal of Finance editors
- Living people
- Presidents of the American Finance Association
- Goldman Sachs people