The Royal Swedish Academy of Sciences annouced on October 14th that it decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2013 to Robert J. Shiller (Yale University), Eugene F. Fama (University of Chicago), and Lars Peter Hansen (University of Chicago) "for their empirical analysis of asset prices”. Have a listen to a brief Nobel.org phone interview (mp3 audio file) with Shiller moments after the prize was announced.
Recently on September 26th, Shiller talked with Howard Green on BNN TV (see video). The show highlighted Shiller's concern that "“irrational exuberance” is once again creeping into housing prices. With the leading measure of U.S. home prices showing that average house prices are back to their 2004 levels, Shiller is worried that another bubble is brewing, especially in cities like San Francisco, Las Vegas and Phoenix."
Green also asked Shiller about Canada pointing out that while our economy outperformed that of the U.S. during the so-called "Great Recession," Shiller has been "voicing concerns that parts of Canada's housing market could also soon drop much like the U.S. market did several years ago. Especially places like Vancouver, or the condo market in Toronto."