Peter Charles Bonest Phillips (born 23 March 1948) is an

econometrician Econometrics is an application of statistical methods to economic data in order to give empirical content to economic relationships. M. Hashem Pesaran (1987). "Econometrics", '' The New Palgrave: A Dictionary of Economics'', v. 2, p. 8 p. 8� ...

and one of the most widely cited economists of all time. Since 1979 he has been Professor of Economics and Statistics at

Yale University Yale University is a Private university, private Ivy League research university in New Haven, Connecticut, United States. Founded in 1701, Yale is the List of Colonial Colleges, third-oldest institution of higher education in the United Stat ...

. He also holds positions at the

University of Auckland The University of Auckland (; Māori: ''Waipapa Taumata Rau'') is a public research university based in Auckland, New Zealand. The institution was established in 1883 as a constituent college of the University of New Zealand. Initially loc ...

Singapore Management University Singapore Management University (SMU) is a publicly funded private university in Singapore. Founded in 2000, SMU is the third oldest autonomous university in the country, modelling its education after the Wharton School. The university is trip ...

and the

University of Southampton The University of Southampton (abbreviated as ''Soton'' in post-nominal letters) is a public university, public research university in Southampton, England. Southampton is a founding member of the Russell Group of research-intensive universit ...

. He is currently the co-director of Center for Financial Econometrics of Sim Kee Boon Institute for Financial Economics at

and is an adjunct professor of econometrics at the

. He was previously Professor of Econometrics and Social Statistics at the

University of Birmingham The University of Birmingham (informally Birmingham University) is a Public university, public research university in Birmingham, England. It received its royal charter in 1900 as a successor to Queen's College, Birmingham (founded in 1825 as ...

Education

During his schooling, Phillips was the dux of

Mount Albert Grammar School Mount Albert Grammar School, commonly known as MAGS, is a co-educational state secondary school in Mount Albert in Auckland, New Zealand. It teaches students in year levels 9 to 13. , Mount Albert Grammar School is the second largest school in N ...

in New Zealand. He received a B.A. and M.A. from the University of Auckland and won prizes in both mathematics and economics. He received his

PhD A Doctor of Philosophy (PhD, DPhil; or ) is a terminal degree that usually denotes the highest level of academic achievement in a given discipline and is awarded following a course of graduate study and original research. The name of the deg ...

from

London School of Economics The London School of Economics and Political Science (LSE), established in 1895, is a public research university in London, England, and a member institution of the University of London. The school specialises in the social sciences. Founded ...

under the supervision of

John Denis Sargan John Denis Sargan, FBA (23 August 1924 – 13 April 1996) was a British econometrician who specialized in the analysis of economic time-series. Sargan was born in Doncaster, Yorkshire in 1924, and was educated at Doncaster Grammar School and ...

in 1974.

Research

He is a founding

editor Editing is the process of selecting and preparing written, visual, audible, or cinematic material used by a person or an entity to convey a message or information. The editing process can involve correction, condensation, organization, a ...

of the journal ''

Econometric Theory ''Econometric Theory'' is an economics journal specialising in econometrics, published by Cambridge Journals. Its current editor is Peter Phillips Peter Mark Andrew Phillips (born 15 November 1977) is a British businessman. He is the son o ...

''. Peter Phillips has published many theoretical articles and advanced many research areas in

econometrics Econometrics is an application of statistical methods to economic data in order to give empirical content to economic relationships. M. Hashem Pesaran (1987). "Econometrics", '' The New Palgrave: A Dictionary of Economics'', v. 2, p. 8 p. 8 ...

. He has published important articles on continuous time econometrics, finite-sample theory,

asymptotic expansions In mathematics, an asymptotic expansion, asymptotic series or Poincaré expansion (after Henri Poincaré) is a formal series of functions which has the property that truncating the series after a finite number of terms provides an approximation t ...

unit root In probability theory and statistics, a unit root is a feature of some stochastic processes (such as random walks) that can cause problems in statistical inference involving time series models. A linear stochastic process has a unit root if ...

and

cointegration In econometrics, cointegration is a statistical property describing a long-term, stable relationship between two or more time series variables, even if those variables themselves are individually non-stationary (i.e., they have trends). This means ...

, long-range dependent

time series In mathematics, a time series is a series of data points indexed (or listed or graphed) in time order. Most commonly, a time series is a sequence taken at successive equally spaced points in time. Thus it is a sequence of discrete-time data. ...

, and

panel data In statistics and econometrics, panel data and longitudinal data are both multi-dimensional data involving measurements over time. Panel data is a subset of longitudinal data where observations are for the same subjects each time. Time series and ...

econometrics. He also introduced the use of the functional central limit theorem to derive asymptotic distributions of unit roots tests. Phillips mainly used

frequentist Frequentist inference is a type of statistical inference based in frequentist probability, which treats “probability” in equivalent terms to “frequency” and draws conclusions from sample-data by means of emphasizing the frequency or pro ...

statistical methods. Phillips has also supervised numerous Ph.D. students, including Steve Durlauf. In 1993 he was elected as a

Fellow of the American Statistical Association Like many other academic professional societies, the American Statistical Association (ASA) uses the title of Fellow of the American Statistical Association as its highest honorary grade of membership. The designation of ASA Fellow has been a sign ...

. According to the November 2015 ranking of economists by

Research Papers in Economics Research Papers in Economics (RePEc) is a collaborative effort of hundreds of volunteers in many countries to enhance the dissemination of research in economics. The heart of the project is a decentralized database of working papers, preprints, ...

, he is the 5th most influential economist.

Festschrift

In 2012, The

Journal of Econometrics The ''Journal of Econometrics'' is a monthly peer-reviewed academic journal covering econometrics. It was established in 1973. The editors-in-chief are Michael Jansson (University of California Berkeley) and Aureo de Paula (University College Lon ...

dedicated two

Festschrift In academia, a ''Festschrift'' (; plural, ''Festschriften'' ) is a book honoring a respected person, especially an academic, and presented during their lifetime. It generally takes the form of an edited volume, containing contributions from the h ...

sVolume 169, Issues 1 and 2
/ref> to Phillips under the title ''Recent Advances in Nonstationary Time Series: A Festschrift in honor of Peter C.B. Phillips''.

Selected publications

* * * *

References

External links

*
Homepage
{{DEFAULTSORT:Phillips, Peter C. B. 1948 births Living people New Zealand economists Time series econometricians Yale University faculty Academic staff of the University of Auckland Yale Sterling Professors People educated at Mount Albert Grammar School Fellows of the Econometric Society Fellows of the American Statistical Association Fellows of the American Academy of Arts and Sciences Corresponding fellows of the British Academy University of Auckland alumni Alumni of the London School of Economics