In 2011, he served as President of the Econometric Society. He holds honorary doctorate degrees from the Stockholm School of Economics, Sweden, the University of Vaasa and the Hanken School of Economics in Finland.
Between 2011 and now, this individual held the position of president of the Econometric Society.  He was awarded honorary doctorates by the Stockholm School of Economics, the University of Vaasa, and the Hanken School of Economics.