Toni Whited

Toni Whited is a Professor of Economics at the University of Michigan's Department of Economics, within the College of Literature, Science, and the Arts (LSA). She holds a Ph.D. from Princeton University and has held prior academic positions at the University of Wisconsin, the University of Rochester, and the Ross School of Business. Her research focuses on corporate finance, structural estimation, and corporate investment. She has been recognized with prestigious awards including the Jensen Prize and Brattle Prize. As editor-in-chief of the Journal of Financial Economics, she actively shapes financial economics discourse.

Her work integrates structural econometric methods to analyze corporate finance decisions, monetary policy transmission, and the real effects of financial policies. Notable projects include studies on tax impacts on corporate leverage, central bank digital currencies (CBDC), and the role of relative performance evaluation in strategic competition. Whited emphasizes reproducibility in economic research and advocates for rigorous empirical methodologies.

Her academic contributions span over three decades, with a strong emphasis on bridging theoretical models and real-world policy implications. She has advised on financial regulatory frameworks and contributed to foundational debates in empirical finance. Whited's current research explores topics such as CBDC effects on banking systems and the interplay between equity market misvaluation and corporate policies.