Becker Friedman Institute
for Research in Economics
The University of Chicago

Research. Insights. Impact. Advancing the Legacy of Chicago Economics.

Whitney Newey

Chair of Economics
Massachusetts Institute of Technology
10/31/16 11/4/16

Whitney Newey is an econometrician, best known for co-developing the Newey–West estimator. This method robustly estimates the covariance matrix of a regression model when errors are heteroskedastic and autocorrelated.

Newey is Jane Berkowitz Carlton and Dennis William Carlton Professor of Microeconomics at MIT, and currently chairs the economics department there. Previously, he was a member of the technical staff at Bell Communications Research and an associate professor at Princeton University. He is an elected fellow of the American Academy of Arts and Sciences and the Econometrics Society.

Newey has been published in multiple journals, including Econometrica and the Journal of Econometrics. He was a coeditor for Advances in Economics and Econometrics: Theory and Applications, Ninth World Congress of the Econometric Society, Vol. 1-3, and Essays in Honour of Jerry Hausman, Advances in Econometrics Vol. 29.

He earned his bachelor’s degree in economics from Brigham Young University before obtaining his PhD in economics from the Massachusetts Institute of Technology.