Kenneth D. West

Kenneth D. West
Born1953 (age 70–71)
NationalityAmerican
Academic career
FieldEconometrics and Economics
InstitutionUniversity of Wisconsin–Madison
Alma materMIT (Ph.D.)
Wesleyan University (B.A.)
Doctoral
advisor
Stanley Fischer[1]
ContributionsNewey–West estimator
Information at IDEAS / RePEc

Kenneth David West (born 1953) is the John D. MacArthur and Ragnar Frisch Professor of Economics in the Department of Economics at the University of Wisconsin. He is currently co-editor of the Journal of Money, Credit and Banking,[2] and has previously served as co-editor of the American Economic Review.[3] He has published widely in the fields of macroeconomics, finance, international economics and econometrics. Among his honors are the John M. Stauffer National Fellowship in Public Policy at the Hoover Institution, Alfred P. Sloan Research Fellowship, Fellow of the Econometric Society, and Abe Fellowship.[4] He has been a research associate at the NBER since 1985.[5]

West received a B.A. in economics and mathematics from Wesleyan University in 1973 and a Ph.D. from the Massachusetts Institute of Technology in 1983.[6] He taught at Princeton University from 1983 to 1988 before joining the University of Wisconsin in 1988. He has held visiting scholar positions at several central banks and at several branches of the U.S. Federal Reserve System. He has published widely in the fields of macroeconomics, finance, international economics and econometrics. Administrative positions include two terms as chair of the Economics Department at the University of Wisconsin-Madison.

Academic Positions Years Active
Princeton University
Assistant Professor of Economics and Public Affairs 1983-1988
University of Wisconsin
Associate Professor of Economics 1988-1990
Director, Social Systems Research Institute 1991-1994
Professor of Economics 1990–present
Ragnar Fischer Professor of Economics 1998–present
Department Chair 1999-2001, 2005-2008
John D. MacArthur Professor 2008–present

He is best known for developing, with Whitney K. Newey, the Newey–West estimator, which robustly estimates the covariance matrix of a regression model when errors are heteroskedastic and autocorrelated.[7][8]

Honors Year(s)
National Science Foundation Graduate Fellow 1980-1983
John M. Stauffer National Fellowship in Public Policy, Hoover Institution 1985-1986
Alfred P. Sloan Research Fellow 1989-1991
H. I. Romnes Faculty Fellowship, University of Wisconsin 1991
Fellow, Economics Society 1993
Mid-Career Faculty Fellowship, University of Wisconsin 1995
WARF/University Houses Professorship, University of Wisconsin 1998
Listed in Who's Who in Economics, 4th edition, M. Blaug (ed), Edward Elgar Publishing 2003
Fellow of the Journal of Econometrics 2007
Vilas Associate, University of Wisconsin 2008-2010
John D. MacArthur Professor, University of Wisconsin 2008
Distinguished Honors Faculty Award, University of Wisconsin 2010
Wim Duisenberg Research Fellowship, European Central Bank 2010, 2016
Founding Fellow, International Association for Applied Econometrics 2018
  1. ^ West, Kenneth D. (1983). Inventory models and backlog costs : an empirical investigation (PDF) (Ph.D.). MIT. Retrieved 23 May 2017.
  2. ^ https://jmcb.osu.edu/jmbc-boards, http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1538-4616 Journal of Money, Credit and Banking (Accessed Mar 2018)
  3. ^ "Past Editors and Coeditors". Editors of the American Economic Review. Retrieved 16 March 2018.
  4. ^ "West's brief biography at the University of Wisconsin". ssc.wisc.edu.
  5. ^ http://www.nber.org/people/kenneth_west NBER Kenneth West(Accessed Aug 2011)
  6. ^ http://www.ssc.wisc.edu/~kwest/west.kd.CV.pdf West's CV at the University of Wisconsin (Accessed Dec 2017)
  7. ^ https://www.ssc.wisc.edu/~kwest/ West's faculty page at the University of Wisconsin (Accessed Aug 2011)
  8. ^ Newey, Whitney K.; West, Kenneth D. (1987). "A Simple, Positive Semi-definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix" (PDF). Econometrica. 55 (3): 703–708. doi:10.2307/1913610. JSTOR 1913610. S2CID 122867679.