--- title: Nobel prize in Economics date: "2003-10-09T12:00:00Z" categories: - links wp_id: 883 description: I visited the corridor near Robert Engle's office shortly before he and Clive Granger won the Nobel Prize in Economics for developing ARCH models, marking the closest I've ever been to a Nobel laureate. keywords: [robert engle, clive granger, nobel prize, econometrics, arch models, stern school of business] --- [![Stern corridor, near Engle's office](/blog/assets/flickr-stern-corridor-near-engles-office_24685633_o-jpg.webp)](/blog/assets/flickr-stern-corridor-near-engles-office_24685633_o-jpg.webp) [Robert Engle and Clive Granger won the Nobel Prize](http://www.reuters.co.uk/newsArticle.jhtml?type=scienceNews&storyID=3579142§ion=news) for their work on ARCH and something-or-the-other-I-ought-to-have-studied-at-B-school. I was outside Engle's office last month (somewhere within 100m of the corridor in the photo), and that's the closest I've been to an Nobel laureate. Of course, **some** people know him personally and discuss 'stupid problems' with him.