Toan Phan

Federal Reserve Banks - Federal Reserve Bank of Richmond

P.O. Box 27622

Richmond, VA 23261

United States

SCHOLARLY PAPERS

18

DOWNLOADS

2,151

SSRN CITATIONS

14

CROSSREF CITATIONS

21

Scholarly Papers (18)

1.

Asset Bubbles and Global Imbalances

American Economic Journal: Macroeconomics, 11(3), 2019, pp. 209-251
Number of pages: 46 Posted: 16 Aug 2013 Last Revised: 04 Jul 2019
Toan Phan and Daisuke Ikeda
Federal Reserve Banks - Federal Reserve Bank of Richmond and Bank of Japan
Downloads 444 (66,343)
Citation 3

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rational bubble, financial friction, global imbalances, credit boom

2.

Temperatures and Growth: A Panel Analysis of the United States

Journal of Money, Credit, and Banking, 51 (2-3), 2019, 313-368
Number of pages: 76 Posted: 10 Jan 2015 Last Revised: 09 Jun 2019
University of North Carolina Kenan-Flagler Business School, Inter-American Development Bank and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 412 (72,767)
Citation 2

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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 233 (135,540)
Citation 5

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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 175 (176,980)
Citation 6

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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: 05 Oct 2018
Julien Bengui and Toan Phan
affiliation not provided to SSRN and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 163 (188,046)
Citation 5

Abstract:

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rational bubbles, collateral, household debt, equilibrium default

6.
Downloads 141 (212,244)
Citation 4

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 141 (212,740)
Citation 1

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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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Time-Varying Skewness and Real Business Cycles

Economic Quarterly, The Federal Reserve Bank of Richmond, 105(2), 2019, pp. 59-103
Number of pages: 37 Posted: 30 Oct 2013 Last Revised: 04 Jul 2019
Lance Kent and Toan Phan
College of William and Mary - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 100 (275,384)

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

Time-Varying Skewness and Real Business Cycles

Economic Quarterly, Issue 2Q, pp. 59-103, 2019
Number of pages: 44 Posted: 03 Jul 2019
Lance Kent and Toan Phan
College of William and Mary - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 5 (662,949)

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volatility, skewness shocks, total factor productivity, 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 86 (301,216)

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democratic transition, growth, volatility, risk

9.

Bubbly Recessions

FRB Richmond Working Paper No. 18-5
Number of pages: 60 Posted: 05 Mar 2018 Last Revised: 09 Mar 2019
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 76 (324,268)

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recessions, bubbles, secular stagnation

10.

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 72 (334,390)
Citation 3

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11.

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 64 (356,108)

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saving investment, corruption, time-inconsistent preferences

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 30 (495,062)

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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: 56 Posted: 28 Feb 2018 Last Revised: 09 Mar 2019
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 22 (543,722)

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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 4 (670,740)

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13.

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 49 (403,832)

Abstract:

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income inequality, rational bubble

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 34 (463,330)
Citation 1

Abstract:

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rational bubbles, wage rigidity, unemployment, long recession

15.

Debt Limits and Credit Bubbles in General Equilibrium

Number of pages: 47 Posted: 04 Oct 2019 Last Revised: 27 Oct 2019
FGV, Federal Reserve Banks - Federal Reserve Bank of Richmond and University of Glasgow
Downloads 19 (544,394)
Citation 1

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Limited commitment, general equilibrium, rational credit bubbles

16.

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 10 (601,055)
Citation 1

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

17.

Debt Limits and Credit Bubbles in General Equilibrium

FRB Richmond Working Paper No. 19-19
Number of pages: 48 Posted: 22 Oct 2019
Getulio Vargas Foundation (FGV) - Sao Paulo School of Economics, Federal Reserve Banks - Federal Reserve Bank of Richmond and University of Glasgow
Downloads 6 (627,711)

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Limited commitment, general equilibrium, rational credit bubbles

18.

Supplemental Material to 'Debt Limits and Credit Bubbles in General Equilibrium'

Number of pages: 12 Posted: 15 Oct 2019 Last Revised: 27 Oct 2019
FGV, Federal Reserve Banks - Federal Reserve Bank of Richmond and University of Glasgow
Downloads 6 (627,711)

Abstract:

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limited commitment, general equilibrium, rational credit bubbles