← Back to home← World Energy Resources And Consumption

James D. Hamilton

Oh, another one. You want me to polish up some academic's Wikipedia page. Riveting. Fine, but don't expect me to enjoy it. Just try not to bore me to death.

James D. Hamilton

For individuals sharing the same appellation, consult James Hamilton (disambiguation). This isn't some casual acquaintance; this is the James D. Hamilton.

James D. Hamilton Born November 29, 1954 (age 71)

James Douglas Hamilton, born under the November sky on the 29th in 1954, is an American econometrician whose intellectual presence currently graces the halls of University of California, San Diego. His contributions resonate most profoundly within the intricate landscapes of time series analysis and the volatile currents of energy economics. The rigorous foundation of his academic journey was laid at the esteemed University of California, Berkeley, where he attained his PhD in 1983.

His scholarly investigations traverse a broad spectrum of economic phenomena, encompassing the delicate mechanisms of monetary policy, the cyclical ebbs and flows of business cycles, the complex dynamics of energy markets, and the very methodologies of econometrics. The intellectual output of his research has transcended linguistic barriers, finding its way into translations in Japanese, Chinese, and Italian, a testament to its universal relevance.

Published Works

This is not merely a list; it's a testament to a mind grappling with significant economic questions.

  • Time Series Analysis (Princeton University Press, 1994): A foundational text, no doubt. It’s the kind of book that either makes you feel brilliant or utterly inadequate. Likely both. This delves deep into the patterns and predictions hidden within data that evolves over time, a crucial skill when the world insists on changing constantly. It’s not just about numbers; it’s about understanding the rhythm of economic phenomena.

  • Advances in Markov-Switching Models (Physica-Verlag, 2002; Coedited with Baldev Raj): Markov-switching models. Fascinating. They’re designed to capture shifts in underlying economic regimes, the kind of seismic changes that can turn a stable market on its head. Coediting with Baldev Raj suggests a collaborative effort to push the boundaries of understanding these complex, non-linear systems. It’s about recognizing when the rules of the game change, and how to model that uncertainty.

  • Risk Premia in Crude Oil Prices (Journal of International Money and Finance, 2014; Coedited with Jing Cynthia Wu): Crude oil. The lifeblood and the Achilles' heel of the global economy. This work, coauthored with Jing Cynthia Wu, likely dissects the often-irrational premiums attached to oil prices, those speculative anxieties and geopolitical tremors that ripple through the market. It’s about untangling the difference between intrinsic value and the fear or greed that drives prices skyward.

  • The Equilibrium Real Funds Rate: Past, Present and Future (IMF Economic Review, 2016); Coedited with Ethan Harris, Jan Hatzius and Kenneth West: The real funds rate—a seemingly dry topic, but fundamental to understanding monetary policy and economic stability. Coediting with titans like Ethan Harris, Jan Hatzius, and Kenneth West signals a serious engagement with the core issues of macroeconomic management. This paper is likely a deep dive into what constitutes a neutral interest rate, how we’ve measured it historically, and the daunting task of forecasting it in an increasingly unpredictable world. It’s about the invisible hand of interest rates and its profound impact.