Jens Bollerslev

Jens Bollerslev is a prominent economist known for his contributions to financial econometrics, particularly in understanding and modeling volatility in financial markets. He developed the Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model, which helps analyze and predict changes in asset prices, recognizing that volatility can vary over time. This model is widely used by financial analysts and researchers to assess risk and forecast market behavior. Bollerslev's work has significantly influenced how economists and investors approach the study of financial data and manage investment risks.