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Thomas Philippon

  • Max L. Heine Professor of Finance
  • Yamaichi Faculty Fellow

Joined Stern 2003

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tp24@stern.nyu.edu

Leonard N. Stern School of Business

Kaufman Management Center

44 West Fourth Street, 9-95

New York, NY 10012

Personal Website

About Thomas Philippon

Thomas Philippon is the Max L. Heine 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 has 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.

Philippon has studied various topics in macroeconomics and finance: systemic risk and financial crisis, the dynamics of corporate investment and household debt, financial innovation and financial regulation, Eurozone crisis. His recent book “The Great Reversal” (Harvard Press, 2019) focuses on the increasing market power of large firms.

He currently serves as an academic advisor to the Financial Stability Board and to the Hong Kong Institute for Monetary and Financial Research. He was previously an advisor to the New York Federal Reserve Bank, a board member of the French prudential regulatory authority from 2014 to 2019, and 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.

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  • Finance
  • Volatility and Risk Institute
  • Macroeconomics
  • Corporate finance
  • Business cycles
  • Earnings management
  • Unemployment
  • Economics
    • International Economic Policy
    • Macroeconomics
    • Monetary Policy
  • Finance
    • Corporate Finance
    • Executive Pay
    • Financial Regulation
    • Labor Market
    • Risk Management
  • Region/Country
    • France
  • Corporate Finance Topics
  • Risk Management in Financial Institutions

  • Ph.D., Economics, 2003

    Massachusetts Institute of Technology

  • M.A., Economics, 1998

    Delta-Ehess, France

  • M.A., Physics, 1997

    Ecole Polytechnique, France

  • One of the top 25 economists under age 45, IMF (2014)

  • Bernácer Prize for best European economist under age 40 in macroeconomics and finance, (2013)

  • Michael Brennan & BlackRock Award, Best Paper, Review of Financial Studies (2010)

  • Global Economic Fellow 2009, Kiel Institute for the World Economyi (2009)

  • Best Young French Economist, Cercle des économistes/ Le Monde (2009)

  • Brattle Prize (First Prize), Best Paper in Corporate Finance, Journal of Finance (2008)

  • Stylo d'Or, Best Book on Human Resources Management, ANDRH (2007)

  • Glucksman Prize Honorable Mention, Best Working Paper in Finance, (2006)

  • Robert M. Solow Prize for Excellence in Research and Teaching, MIT (2003)

  • Review of Economic Studies Tour, (2003)

  • 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

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