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

econometrician Econometrics is the 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� ...

. Since 1979 he has been Professor of Economics and Statistics at

Yale University Yale University is a private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the third-oldest institution of higher education in the United States and among the most prestigious in the wo ...

. He also holds positions at the

University of Auckland , mottoeng = By natural ability and hard work , established = 1883; years ago , endowment = NZD $293 million (31 December 2021) , budget = NZD $1.281 billion (31 December 2021) , chancellor = Cecilia Tarrant , vice_chancellor = Dawn F ...

Singapore Management University The Singapore Management University (SMU) is a public autonomous university in Singapore. The university is the only city campus in Singapore. It ranks third in Asia as a specialist university, behind Hong Kong University of Science and Techn ...

and the

University of Southampton , mottoeng = The Heights Yield to Endeavour , type = Public research university , established = 1862 – Hartley Institution1902 – Hartley University College1913 – Southampton University Coll ...

. 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 is a founding

editor Editing is the process of selecting and preparing written, photographic, 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, orga ...

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 and the son of Ann ...

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

econometrics Econometrics is the application of Statistics, statistical methods to economic data in order to give Empirical evidence, empirical content to economic relationships.M. Hashem Pesaran (1987). "Econometrics," ''The New Palgrave: A Dictionary of ...

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

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 1 is ...

and

cointegration Cointegration is a statistical property of a collection of time series variables. First, all of the series must be integrated of order ''d'' (see Order of integration). Next, if a linear combination of this collection is integrated of order less ...

, 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. Exa ...

, and

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

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 number of new fellows per year is limited ...

. 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. 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 ...

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 from

London School of Economics , mottoeng = To understand the causes of things , established = , type = Public research university , endowment = £240.8 million (2021) , budget = £391.1 millio ...

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.

Festschrift

In 2012, The

Journal of Econometrics The ''Journal of Econometrics'' is a scholarly journal in econometrics. It was first published in 1973. Its current managing editors are Serena Ng and Elie Tamer, Torben Andersen and Xiaohong Chen serve as editors. The journal publishes work deal ...

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

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References

External links

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Homepage
{{DEFAULTSORT:Phillips, Peter C. B. 1948 births Living people New Zealand economists Time series econometricians Yale University faculty University of Auckland faculty 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