Toan Phan

Federal Reserve Banks - Federal Reserve Bank of Richmond

P.O. Box 27622

Richmond, VA 23261

United States

SCHOLARLY PAPERS

15

DOWNLOADS

1,795

CITATIONS

1

Scholarly Papers (15)

1.

Asset Bubbles and Global Imbalances

American Economic Journal: Macroeconomics, Forthcoming
Number of pages: 46 Posted: 16 Aug 2013 Last Revised: 03 Sep 2018
Toan Phan and Daisuke Ikeda
Federal Reserve Banks - Federal Reserve Bank of Richmond and Bank of Japan
Downloads 393 (68,390)

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rational bubble, financial friction, global imbalances, credit boom

2.

Temperatures and Growth: A Panel Analysis of the United States

Number of pages: 76 Posted: 10 Jan 2015 Last Revised: 17 Apr 2018
University of North Carolina Kenan-Flagler Business School, Inter-American Development Bank and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 317 (87,672)

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temperatures, growth, climate change, industry analysis

3.

Sovereign Debt Signals

Journal of International Economics, Forthcoming
Number of pages: 23 Posted: 04 May 2013 Last Revised: 25 Nov 2016
Toan Phan
Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 217 (129,827)

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Sovereign Default, Foreign Direct Investment, Small Open Economy

4.

Toxic Asset Bubbles

Economic Theory, 2016, 61(2), pp. 241-271
Number of pages: 36 Posted: 01 Dec 2014 Last Revised: 12 Jul 2018
Daisuke Ikeda and Toan Phan
Bank of Japan and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 163 (169,470)

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5.

Asset Pledgeability and Endogenously Leveraged Bubbles

Journal of Economic Theory‚Äč, 177, 2018, pp. 280-314
Number of pages: 47 Posted: 07 Nov 2015 Last Revised: 12 Jul 2018
Julien Bengui and Toan Phan
affiliation not provided to SSRN and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 151 (179,907)

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rational bubbles, collateral, household debt, equilibrium default

6.
Downloads 133 (199,387)

Nominal Sovereign Debt

International Economic Review, Forthcoming
Number of pages: 27 Posted: 29 May 2015 Last Revised: 07 Oct 2016
Toan Phan
Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 133 (200,048)

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sovereign debt; inflation; sustainable policies

Nominal Sovereign Debt

International Economic Review, Vol. 58, Issue 4, pp. 1303-1316, 2017
Number of pages: 14 Posted: 05 Dec 2017
Toan Phan
Federal Reserve Banks - Federal Reserve Bank of Richmond
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7.

Time-Varying Skewness and Real Business Cycles

Number of pages: 37 Posted: 30 Oct 2013 Last Revised: 17 Jul 2016
Lance Kent and Toan Phan
College of William and Mary - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 84 (274,945)

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time-varying volatility, time-varying skewness, real business cycles

8.

Unrest Before Democratization: Evidence and Macroeconomic Implications

Number of pages: 39 Posted: 04 Oct 2014
Toan Phan and Lance Kent
Federal Reserve Banks - Federal Reserve Bank of Richmond and College of William and Mary - Department of Economics
Downloads 82 (278,981)

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democratic transition, growth, volatility, risk

9.

Information, Insurance and the Sustainability of Sovereign Debt

Review of Economic Dynamics, Forthcoming
Number of pages: 31 Posted: 08 May 2015 Last Revised: 29 Jun 2016
Toan Phan
Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 66 (315,540)
Citation 1

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10.

Macroeconomics with Corruption Temptation

Number of pages: 6 Posted: 08 Jun 2015
Toan Phan and Manh-Hung Nguyen
Federal Reserve Banks - Federal Reserve Bank of Richmond and TSE, LERNA-INRA
Downloads 58 (336,775)

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saving investment, corruption, time-inconsistent preferences

11.

Bubbly Recessions

FRB Richmond Working Paper No. 18-5
Number of pages: 56 Posted: 05 Mar 2018 Last Revised: 07 Apr 2018
University of North Carolina (UNC) - Chapel Hill, University of North Carolina (UNC) at Chapel Hill and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 36 (409,889)

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recessions, bubbles, secular stagnation

12.

Inequality and Risky Asset Bubbles

Number of pages: 8 Posted: 02 Jul 2016
Julien Bengui and Toan Phan
affiliation not provided to SSRN and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 32 (425,957)

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income inequality, rational bubble

The Costs of (Sub)Sovereign Default Risk: Evidence from Puerto Rico

Number of pages: 54 Posted: 08 Dec 2017
Anusha Chari, Ryan Leary and Toan Phan
University of North Carolina (UNC) at Chapel Hill - Department of Economics, University of North Carolina (UNC) at Chapel Hill, College of Arts and Sciences, Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 18 (514,645)

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sovereign debt, default risk, growth employment, cost of capital, external finance dependence, government demand

The Costs of (Sub)Sovereign Default Risk: Evidence from Puerto Rico

FRB Richmond Working Paper No. 18-3
Number of pages: 55 Posted: 28 Feb 2018 Last Revised: 07 Apr 2018
Anusha Chari, Ryan Leary and Toan Phan
University of North Carolina (UNC) at Chapel Hill - Department of Economics, University of North Carolina (UNC) at Chapel Hill, College of Arts and Sciences, Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 8 (575,803)

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Sovereign debt, default risk, growth, employment, cost of capital, external finance dependence, government demand

The Costs of (Sub)Sovereign Default Risk: Evidence from Puerto Rico

NBER Working Paper No. w24108
Number of pages: 55 Posted: 12 Dec 2017
Anusha Chari, Ryan Leary and Toan Phan
University of North Carolina (UNC) at Chapel Hill - Department of Economics, University of North Carolina (UNC) at Chapel Hill, College of Arts and Sciences, Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 3 (607,026)
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14.

Bubbles, Wage Rigidity, and Persistent Slumps

Economic Letters, 151(2), 2017, pp. 66-70
Number of pages: 10 Posted: 12 Dec 2016 Last Revised: 12 Jul 2018
Andrew Hanson and Toan Phan
University of North Carolina (UNC) at Chapel Hill and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 28 (443,932)

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rational bubbles, wage rigidity, unemployment, long recession

15.

A Model of Sovereign Debt with Private Information

Journal of Economic Dynamics and Control, Forthcoming
Number of pages: 37 Posted: 03 Aug 2017
Toan Phan
Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 6 (562,331)

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Sovereign Default, Signaling, Foreign Direct Investment, Small Open Economy