Econometric Theory is an economic journal specialising in econometrics. An economy is the realized social system of production exchange distribution and consumption of goods and services of a country or other area A journal (through French from late Latin diurnalis, daily has several related meanings a daily record of events or business a private Econometrics is concerned with the tasks of developing and applying Quantitative or Statistical methods to the study and elucidation of economic principles Its editor is Peter Phillips. According to research in 2003 it is the seventh most important economic journal. Year 2003 ( MMIII) was a Common year starting on Wednesday of the Gregorian calendar. An economy is the realized social system of production exchange distribution and consumption of goods and services of a country or other area A journal (through French from late Latin diurnalis, daily has several related meanings a daily record of events or business a private