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Thomas Philippon

Thomas Philippon

Joined Stern 2003

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 9-03
New York, NY 10012

E-mail tphilipp@stern.nyu.edu
Personal website

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Biography

Thomas Philippon is Professor of Finance at New York University - Stern School of Business.

Philippon was named one of the “top 25 economists under 45” by the IMF in 2014, he won the 2013 Bernácer Prize for Best European Economist under 40, the 2010 Michael Brennan & BlackRock Award, the 2009 Prize for Best Young French Economist, and the 2008 Brattle Prize for the best paper in Corporate Finance. He was elected Global Economic Fellow in 2009 by the Kiel Institute for the World Economy.

He has studied various topics in finance and macroeconomics: financial distress, systemic risk, government interventions during financial crises, asset markets and corporate investment. Recently his work has focused on the evolution of the financial system and on the Eurozone crisis.

He currently serves on the Monetary Policy Advisory Panel of the NY Federal Reserve Bank, and as a board member and director of the scientific committee of the french prudential regulator (ACPR). He was the senior economic advisor to the french finance minister in 2012-2013.

Philippon graduated from Ecole Polytechnique, received a PhD in Economics from MIT, and joined New York University in 2003.

Phone: +1 212 998 0490

Research Interests

  • Macroeconomics
  • Corporate finance
  • Business cycles
  • Earnings management
  • Unemployment

Courses Taught

  • Corporate Finance Topics
  • Risk Management in Financial Institutions

Academic Background

Ph.D., Economics, 2003
Massachusetts Institute of Technology

M.A., Economics, 1998
Delta-Ehess, France

M.A., Physics, 1997
Ecole Polytechnique, France

Awards & Appointments

 
IMF One of the top 25 economists under age 45 2014
Bernácer Prize for best European economist under age 40 in macroeconomics and finance 2013
Review of Financial Studies Michael Brennan & BlackRock Award, Best Paper 2010
Kiel Institute for the World Economyi Global Economic Fellow 2009 2009
Cercle des économistes/ Le Monde Best Young French Economist 2009
Journal of Finance Brattle Prize (First Prize), Best Paper in Corporate Finance 2008
ANDRH Stylo d'Or, Best Book on Human Resources Management 2007
Glucksman Prize Honorable Mention, Best Working Paper in Finance 2006
MIT Robert M. Solow Prize for Excellence in Research and Teaching 2003
Review of Economic Studies Tour 2003

Selected Publications

T. Phillippon and V. Skreta (2010)
Optimal Interventions in Markets with Adverse Selection
American Economic Review, forthcoming

T. Phillippon (2009)
The bond market's Q
Quarterly Journal of Economics, August 2009, 124(3), 1011-56

T. Phillippon and S. Kedia (2009)
The economics of fraudulent accounting
Review of Financial Studies, June 2009, 22(6): 2169-2199

T. Phillippon and H. Almeida (2007)
The risk-adjusted cost of financial distress
Journal of Finance, December 2007, 62(6): 2557-86

T. Phillippon
Wages and Human Capital in the U.S. Financial Industry: 1909-2006

Related News & Research

No Easy Way Out for Greece’s Stakeholders

Professor Thomas Philippon's research on compensation in the financial services industry is mentioned

Professor Thomas Philippon's research on Greece's debt is featured

Professor Thomas Philippon's research on the financial services industry is cited

In a co-authored op-ed, Professor Thomas Philippon offers a financial solution for Europe to secure its borders

How To Pay For Europe's Border Control

Professor Thomas Philippon's research on the financial services industry is cited

Professor Thomas Philippon shares his predictions for the future of the Euro

The Future of European Monetary Union

The Future of European Monetary Union

Professor Thomas Philippon's research on the eurozone's recession is cited

In an op-ed, Professor Thomas Philippon examines the financial crisis in the eurozone and shares recommendations for reform

The state of the monetary union

Professor Thomas Philippon on the decreased size of the banking industry after the financial crisis

In a co-authored op-ed, Professor Thomas Philippon discusses his research on banking stress tests

Runs Versus Lemons: Why US Bank Stress Tests Succeeded While Europe’s Failed

Professor Thomas Philippon's research on the financial services industry is cited

Professor Thomas Philippon's research on wages and human capital is cited in a recent IMF report

Prof. Thomas Philippon's research on compensation in the financial services industry is cited

Prof. Holger Mueller and Thomas Philippon's research on family businesses and labor relations is cited

Areas of Expertise

Economics

  • International Economic Policy
  • Macroeconomics
  • Monetary Policy

Finance

  • Corporate Finance
  • Executive Pay
  • Financial Regulation
  • Labor Market
  • Risk Management

Region/Country

  • France