GUEST EDITORS’ INTRODUCTION PART TWO: SPECIAL DUAL ISSUE OF ECONOMETRIC THEORY ON YALE 2018 CONFERENCE IN HONOR OF PETER C.B. PHILLIPS

This is the second part of a dual-issue special edition of Econometric Theory in honor of Peter C.B. Phillips. The papers published in these two issues grew out of presentations given at the Cowles Foundation Conference on Econometrics: A Celebration of Peter Phillips’s 40 Years at Yale. Peter C.B. Phillips, the founding editor of this journal, joined Yale University in 1979 where he served as full professor and one of the leading intellects of the Department of Economics for more than 40 years. At the time of his joining the Cowles Foundation and Yale economics faculty, Phillips already had been chair of the Department of Econometrics and Social Statistics at the University of Birmingham and held prior faculty positions at the University of Essex and the University of Auckland. He earned a master’s degree in economics from the University of Auckland under the supervision of A.R. Bergstrom, one of the leading authorities on continuous-time modeling and inference at the time; and his master’s thesis was published in Econometrica in 1972. Phillips studied at the London School of Economics where he obtained his Ph.D. with a dissertation on