Richard Baillie

Richard  Baillie
  • A. J. Pasant Professor in Insurance
  • Established through a gift from A. J. Pasant
  • Economics


Richard T. Baillie is the A.J. Pasant Professor in Insurance in the Department of Economics at Michigan State University. He works in the areas of econometrics, time series analysis, asset pricing, financial markets, and international finance.

He earned a PhD in economics from the London School of Economics. Baillie began his career as a statistician at the Central Statistical Office in London. He has also been a professor in the Department of Economics at Georgetown University. Baillie joined the Michigan State University faculty in 1986 and has been Pasant Professor since 1999. Baillie is a Fellow of the Journal of Econometrics, and a Fellow of the American Statistical Association. He received the Michigan State University Distinguished Faculty Award in 2009.

He has extensive publications in the areas of prediction and impulse response analysis from dynamic models, also on econometric modeling of volatility and risk premium in various asset pricing contexts. Baillie’s work is highly cited by measures based on Google Scholar and Web of Science.  He has also taught a variety of graduate and undergraduate courses at Michigan State University, and advised a number of PhD students.