Honors and Distinctions
- Fellow of the Econometric Society.
- John Simon Guggenheim Fellowship, 1979.
- Fellow of the American Academy of Arts and Sciences.
- Doctor honoris causa, University of Basel, 1988.
- Honorary Professor, Universidad del Pacifico, Lima, Peru, 1989.
- Foreign Member, Finnish Academy of Science and Letters, 1992.
- Harms Prize, Institute for World Economy, Kiel, 1992.
- Honorary doctorate, Catholic University, Lima Peru, 1998.
- Distinguished CES Fellow, Center for Economic Studies, University of Munich, 1998.
- Concord Prize, Krefeld, 1999
- Top 100 Economists in the World according to IDEAS/RePEc
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