Whitney K. Newey

Whitney Kent Newey ( born July 17, 1954) is an American economist. The focus of his work lies in the field of econometrics, particularly well known he a gain in collaboration with Kenneth West through the development of the Newey-West estimator to avoid autocorrelated error terms in the regression analysis.

Career, teaching and research

Newey studied at Brigham Young University, where he graduated in 1978 as Bachelor of Arts. He then went to the Massachusetts Institute of Technology in Boston. There he graduated in 1983 his Ph.D. degree with the thesis " Specification Testing and Estimation Using a Generalized Method of Moments " from.

In 1983 Newey worked at Princeton University, first as an assistant professor, in 1988 as Associate Professor. In 1990 he followed a call back to MIT, where he was appointed professor in the Faculty of Economics. In 2004 he took over the Jane Berkowitz Carlton and Dennis William Carlton - chair at the university.

Neweys main focus lies in the field of econometrics, where he emerged with publications describing economic relationships by stochastic models. In particular, the quality of estimators, he published regularly.

For his work Newey has won several awards. Since 1989 he is a Fellow of the Econometric Society, and since 2007 also a Fellow of the American Academy of Arts and Sciences.