Thomas Philippon

New York University (NYU) - Department of Finance

John A. Paulson Professor of Finance and Alternative Investments

Stern School of Business

44 West 4th Street

New York, NY 10012-1126

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

50

DOWNLOADS
Rank 867

SSRN RANKINGS

Top 867

in Total Papers Downloads

23,176

CITATIONS
Rank 441

SSRN RANKINGS

Top 441

in Total Papers Citations

1,066

Scholarly Papers (50)

1.
Downloads 8,813 ( 412)
Citation 100

Measuring Systemic Risk

AFA 2011 Denver Meetings Paper
Number of pages: 46 Posted: 22 Mar 2010 Last Revised: 09 Aug 2010
New York University - Leonard N. Stern School of Business, AQR Capital Management, LLC, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 5,061 (1,086)
Citation 100

Abstract:

systemic risk, bailout, financial regulation, value at risk

Measuring Systemic Risk

FRB of Cleveland Working Paper No. 10-02
Number of pages: 55 Posted: 24 Apr 2010 Last Revised: 28 Aug 2010
New York University - Leonard N. Stern School of Business, AQR Capital Management, LLC, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 3,738 (1,831)
Citation 100

Abstract:

systemic risk, risk pricing, systemic expected shortfall, risk internalization

Measuring Systemic Risk

CEPR Discussion Paper No. DP8824
Number of pages: 49 Posted: 01 Mar 2012
New York University - Leonard N. Stern School of Business, AQR Capital Management, LLC, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 14 (496,447)
Citation 100
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Abstract:

bailout, financial regulation, systemic risk, value at risk

2.
Downloads 3,267 ( 2,364)
Citation 225

CEO Incentives and Earnings Management

Journal of Financial Economics, Forthcoming, HBS Finance Working Paper No. 640585
Number of pages: 29 Posted: 02 Feb 2005
Daniel Bergstresser and Thomas Philippon
Harvard Business School and New York University (NYU) - Department of Finance
Downloads 3,028 (2,654)
Citation 225

Abstract:

Earnings management, Stock options, CEO compensation

CEO Incentives and Earnings Management

NYU Working Paper No. FIN-05-007
Number of pages: 28 Posted: 03 Nov 2008
Daniel Bergstresser and Thomas Philippon
Harvard Business School and New York University (NYU) - Department of Finance
Downloads 239 (105,560)
Citation 225

Abstract:

3.
Downloads 1,176 ( 13,446)
Citation 23

The Quality of Labor Relations and Unemployment

MIT Department of Economics Working Paper No. 04-25
Number of pages: 28 Posted: 25 Jun 2004
Olivier J. Blanchard and Thomas Philippon
National Bureau of Economic Research (NBER) and New York University (NYU) - Department of Finance
Downloads 1,061 (15,484)
Citation 23

Abstract:

Unemployment, labor relations, unions, strikes, Europe

The Quality of Labor Relations and Unemployment

NYU Working Paper No. FIN-06-038
Number of pages: 32 Posted: 03 Nov 2008
Olivier J. Blanchard and Thomas Philippon
National Bureau of Economic Research (NBER) and New York University (NYU) - Department of Finance
Downloads 80 (259,481)
Citation 23

Abstract:

The Quality of Labor Relations and Unemployment

NBER Working Paper No. w10590
Number of pages: 28 Posted: 07 Jul 2004
Olivier J. Blanchard and Thomas Philippon
National Bureau of Economic Research (NBER) and New York University (NYU) - Department of Finance
Downloads 35 (386,338)
Citation 23

Abstract:

4.
Downloads 1,089 ( 15,139)
Citation 12

Competing on Speed

Number of pages: 90 Posted: 02 Dec 2011 Last Revised: 15 Sep 2016
Emiliano Pagnotta and Thomas Philippon
Imperial College Business School and New York University (NYU) - Department of Finance
Downloads 945 (18,403)
Citation 12

Abstract:

liquidity, fragmentation, trading, exchanges, asset pricing, financial markets, high frequency trading, regulation, search, welfare

Competing on Speed

NYU Working Paper No. 2451/31437
Number of pages: 74 Posted: 15 Dec 2011
Emiliano Pagnotta and Thomas Philippon
Imperial College Business School and New York University (NYU) - Department of Finance
Downloads 117 (199,945)
Citation 12

Abstract:

Competing on Speed

NBER Working Paper No. w17652
Number of pages: 75 Posted: 12 Dec 2011
Thomas Philippon and Emiliano Pagnotta
New York University (NYU) - Department of Finance and Imperial College Business School
Downloads 23 (444,237)
Citation 12

Abstract:

Competing on Speed

CEPR Discussion Paper No. DP8786
Posted: 31 Jan 2012
Emiliano Pagnotta and Thomas Philippon
Imperial College Business School and New York University (NYU) - Department of Finance
Downloads 4 (550,823)
Citation 12
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Abstract:

exchanges, high frequency, speed, trading

5.
Downloads 1,049 ( 16,058)
Citation 59

The Risk-Adjusted Cost of Financial Distress

8th Annual Texas Finance Festival
Number of pages: 44 Posted: 29 Sep 2005
Heitor Almeida and Thomas Philippon
University of Illinois at Urbana-Champaign and New York University (NYU) - Department of Finance
Downloads 984 (17,302)
Citation 58

Abstract:

Bankrupcty, corporate valuation, capital structure, default risk, yield spreads, debt conservatism

The Risk-Adjusted Cost of Financial Distress

NBER Working Paper No. w11685
Number of pages: 54 Posted: 15 Dec 2005
Heitor Almeida and Thomas Philippon
University of Illinois at Urbana-Champaign and New York University (NYU) - Department of Finance
Downloads 65 (292,797)
Citation 59

Abstract:

6.
Downloads 996 ( 17,284)
Citation 1

Have Financial Markets Become More Informative?

Journal of Financial Economics (JFE), Vol. 122, No. 3, 2016
Number of pages: 70 Posted: 13 Nov 2012 Last Revised: 19 Feb 2017
Jennie Bai, Thomas Philippon and Alexi Savov
Georgetown University - Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 977 (17,505)
Citation 1

Abstract:

price informativeness, economic growth, investment, revelatory price efficiency, forecasting price efficiency

Have Financial Markets Become More Informative?

NBER Working Paper No. w19728
Number of pages: 70 Posted: 29 May 2014
Jennie Bai, Thomas Philippon and Alexi Savov
Georgetown University - Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 19 (467,418)
Citation 1

Abstract:

7.
Downloads 941 ( 18,889)
Citation 67

The Economics of Fraudulent Accounting

AFA 2006 Boston Meetings Paper
Number of pages: 32 Posted: 23 Mar 2005
Simi Kedia and Thomas Philippon
Rutgers Business School and New York University (NYU) - Department of Finance
Downloads 754 (25,653)
Citation 67

Abstract:

The Economics of Fraudulent Accounting

NYU Working Paper No. CLB-06-015
Number of pages: 41 Posted: 31 Oct 2008
Simi Kedia and Thomas Philippon
Rutgers Business School and New York University (NYU) - Department of Finance
Downloads 132 (181,921)
Citation 67

Abstract:

The Economics of Fraudulent Accounting

NBER Working Paper No. w11573
Number of pages: 41 Posted: 25 May 2006 Last Revised: 17 Aug 2010
Simi Kedia and Thomas Philippon
Rutgers Business School and New York University (NYU) - Department of Finance
Downloads 55 (318,905)
Citation 67

Abstract:

The Economics of Fraudulent Accounting

The Review of Financial Studies, Vol. 22, No. 6, pp. 2169-2199, 2009
Posted: 01 Jun 2009
Simi Kedia and Thomas Philippon
Rutgers Business School and New York University (NYU) - Department of Finance

Abstract:

G30, G34, M41

8.

Revealed Preferences for Corporate Leverage

ECGI - Finance Working Paper No. 36/2004
Number of pages: 23 Posted: 19 Feb 2004
Thomas Philippon
New York University (NYU) - Department of Finance
Downloads 935 (18,696)
Citation 1

Abstract:

Capital structure, pecking order, leverage

9.
Downloads 415 ( 56,898)
Citation 34

Fiscal Policy and the Term Structure of Interest Rates

Number of pages: 37 Posted: 05 Jan 2005
Qiang Dai and Thomas Philippon
University of North Carolina (UNC) at Chapel Hill - Finance Area and New York University (NYU) - Department of Finance
Downloads 353 (68,381)
Citation 34

Abstract:

No-arbitrage, interest rates, yield curve, fiscal policy, public deficits

Fiscal Policy and the Term Structure of Interest Rates

NBER Working Paper No. w11574
Number of pages: 38 Posted: 10 Oct 2005 Last Revised: 18 Aug 2010
Qiang Dai and Thomas Philippon
University of North Carolina (UNC) at Chapel Hill - Finance Area and New York University (NYU) - Department of Finance
Downloads 62 (300,069)
Citation 34

Abstract:

10.
Downloads 380 ( 63,282)
Citation 12

Family Firms, Paternalism, and Labor Relations

ECGI - Finance Working Paper No. 186/2007
Number of pages: 52 Posted: 17 Nov 2006 Last Revised: 27 Dec 2007
Holger M. Mueller and Thomas Philippon
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 297 (83,452)
Citation 12

Abstract:

family ownership, family firms, labor relations

Family Firms, Paternalism, and Labor Relations

NBER Working Paper No. w12739
Number of pages: 53 Posted: 07 Dec 2006
Holger M. Mueller and Thomas Philippon
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 22 (449,981)
Citation 12

Abstract:

Family Firms, Paternalism, and Labor Relations

NYU Working Paper No. CLB-06-019
Number of pages: 52 Posted: 31 Oct 2008
Holger M. Mueller and Thomas Philippon
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 22 (449,981)
Citation 12

Abstract:

Family Firms, Paternalism, and Labor Relations

NYU Working Paper No. FIN-06-040
Number of pages: 52 Posted: 03 Nov 2008
Holger M. Mueller and Thomas Philippon
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 21 (455,731)
Citation 12

Abstract:

Family Firms, Paternalism, and Labor Relations

NYU Working Paper No. FIN-06-020
Number of pages: 52 Posted: 03 Nov 2008
Holger M. Mueller and Thomas Philippon
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 18 (473,154)
Citation 12

Abstract:

11.
Downloads 361 ( 67,175)
Citation 12

Corporate Governance over the Business Cycle

Number of pages: 30 Posted: 19 Oct 2003
Thomas Philippon
New York University (NYU) - Department of Finance
Downloads 292 (85,082)
Citation 12

Abstract:

Corporate Governance, Business Cycles

Corporate Governance Over the Business Cycle

NYU Working Paper No. S-MF-03-10
Number of pages: 30 Posted: 12 Nov 2008
Thomas Philippon
New York University (NYU) - Department of Finance
Downloads 38 (374,571)
Citation 12

Abstract:

Corporate Governance Over the Business Cycle

NYU Working Paper No. S-CG-03-03
Number of pages: 31 Posted: 04 Nov 2008
Thomas Philippon
New York University (NYU) - Department of Finance
Downloads 31 (403,246)
Citation 12

Abstract:

12.

Has the U.S. Finance Industry Become Less Efficient?

NYU Working Paper No. 2451/31370
Number of pages: 28 Posted: 15 Dec 2011
Thomas Philippon
New York University (NYU) - Department of Finance
Downloads 303 (71,824)
Citation 3

Abstract:

13.
Downloads 275 ( 91,478)
Citation 25

Efficient Recapitalization

Journal of Finance, Forthcoming
Number of pages: 56 Posted: 06 Oct 2009 Last Revised: 09 Aug 2012
Thomas Philippon and Philipp Schnabl
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 177 (141,449)
Citation 25

Abstract:

Efficient Recapitalization

NBER Working Paper No. w14929
Number of pages: 56 Posted: 03 May 2009
Thomas Philippon and Philipp Schnabl
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 67 (287,893)
Citation 25

Abstract:

Efficient Recapitalization

NYU Working Paper No. 2451/28301
Number of pages: 61 Posted: 10 Sep 2013
Thomas Philippon and Philipp Schnabl
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 26 (427,555)
Citation 25

Abstract:

Efficient Recapitalization

CEPR Discussion Paper No. DP7516
Number of pages: 63 Posted: 17 Nov 2009
Thomas Philippon and Philipp Schnabl
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 5 (545,790)
Citation 25
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Abstract:

bailout, capital, financial crisis, moral hazard

14.

Government Deficits and Interest Rates: A No-Arbitrage Structural VAR Approach

AFA 2005 Philadelphia Meetings
Number of pages: 28 Posted: 02 Jan 2005
Qiang Dai and Thomas Philippon
University of North Carolina (UNC) at Chapel Hill - Finance Area and New York University (NYU) - Department of Finance
Downloads 242 (97,475)
Citation 9

Abstract:

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

NBER Working Paper No. w14644
Number of pages: 61 Posted: 19 Jan 2009
Thomas Philippon and Ariell Reshef
New York University (NYU) - Department of Finance and University of Virginia
Downloads 201 (125,454)
Citation 37

Abstract:

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

CEPR Discussion Paper No. DP7282
Number of pages: 62 Posted: 15 Jul 2009
Thomas Philippon and Ariell Reshef
New York University (NYU) - Department of Finance and University of Virginia
Downloads 10 (519,375)
Citation 37
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Abstract:

finance, human capital, regulation, wages

16.

The Tail of Two Countries: Minimum Wages and Employment in France and the United States

IZA Discussion Paper No. 203
Number of pages: 40 Posted: 01 Dec 2000
Center for Research in Economics and Statistics (CREST), U.S. Census Bureau, Centre d'Economie de la Sorbonne and New York University (NYU) - Department of Finance
Downloads 193 (116,790)
Citation 12

Abstract:

Minimum wage, international comparisons, labor demand, labor costs

17.

The Equilibrium Size of the Financial Sector

NYU Working Paper No. FIN-07-007
Number of pages: 35 Posted: 03 Nov 2008
Thomas Philippon
New York University (NYU) - Department of Finance
Downloads 185 (124,042)
Citation 2

Abstract:

Real Options in a Dynamic Agency Model, with Applications to Financial Development, IPOs, and Business Risk

NYU Working Paper No. FIN-07-010
Number of pages: 34 Posted: 03 Nov 2008
Thomas Philippon and Yuliy Sannikov
New York University (NYU) - Department of Finance and University of California, Berkeley - Department of Economics
Downloads 91 (239,049)
Citation 8

Abstract:

Real Options in a Dynamic Agency Model, with Applications to Financial Development, Ipos, and Business Risk

NBER Working Paper No. w13584
Number of pages: 35 Posted: 05 Nov 2007 Last Revised: 15 Aug 2010
Thomas Philippon and Yuliy Sannikov
New York University (NYU) - Department of Finance and University of California, Berkeley - Department of Economics
Downloads 70 (280,914)
Citation 8

Abstract:

19.

Household Leverage and the Recession

NYU Working Paper No. 2451/31371
Number of pages: 54 Posted: 15 Dec 2011
Virgiliu Midrigan and Thomas Philippon
New York University (NYU) and New York University (NYU) - Department of Finance
Downloads 158 (95,593)
Citation 10

Abstract:

An Explanation for the Joint Evolution of Firm and Aggregate Volatility

Number of pages: 20 Posted: 19 Oct 2003
Thomas Philippon
New York University (NYU) - Department of Finance
Downloads 105 (216,620)
Citation 13

Abstract:

Business Cycles, Volatility, Competition, Nominal Rigidities

An Explanation for the Joint Evolution of Firm and Aggregate Volatility

NYU Working Paper No. S-DRP-03-16
Number of pages: 20 Posted: 07 Nov 2008
Thomas Philippon
New York University (NYU) - Department of Finance
Downloads 40 (367,186)
Citation 13

Abstract:

21.

Firms and Aggregate Dynamics

Number of pages: 26 Posted: 05 Jan 2005
Francesco A. Franco and Thomas Philippon
Universidade Nova de Lisboa and New York University (NYU) - Department of Finance
Downloads 139 (159,762)
Citation 10

Abstract:

Technology shocks, business cycles, long-run restrictions

22.

Monetary Independence in Emerging Markets: Does the Exchange Rate Regime Make a Difference?

IMF Working Paper No. 01/1
Number of pages: 50 Posted: 08 Jun 2001
Inter-American Development Bank (IADB), Peter G. Peterson Institute for International Economics and New York University (NYU) - Department of Finance
Downloads 135 (138,009)
Citation 17

Abstract:

Monetary policy, exchange rate regime, interest rates, risk premium

23.

Concentrated Ownership and Labor Relations

Number of pages: 53 Posted: 18 Jul 2006
Holger M. Mueller and Thomas Philippon
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 123 (189,258)
Citation 2

Abstract:

24.
Downloads 120 (196,639)

The FinTech Opportunity

BIS Working Paper No. 655
Number of pages: 33 Posted: 12 Aug 2017
Thomas Philippon
New York University (NYU) - Department of Finance
Downloads 62 (305,215)

Abstract:

FinTech, financial innovation, regulation, rents

The Fintech Opportunity

NBER Working Paper No. w22476
Number of pages: 25 Posted: 08 Aug 2016
Thomas Philippon
New York University (NYU) - Department of Finance
Downloads 55 (318,905)
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Abstract:

The FinTech Opportunity

CEPR Discussion Paper No. DP11409
Number of pages: 27 Posted: 25 Jul 2016
Thomas Philippon
New York University (NYU) - Department of Finance
Downloads 3 (556,433)
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Abstract:

Skill Biased Financial Development: Education, Wages and Occupations in the U.S. Financial Sector

NYU Working Paper No. FIN-07-008
Number of pages: 46 Posted: 03 Nov 2008
Thomas Philippon and Ariell Reshef
New York University (NYU) - Department of Finance and University of Virginia
Downloads 77 (265,606)
Citation 10

Abstract:

Skill Biased Financial Development: Education, Wages and Occupations in the U.S. Financial Sector

NBER Working Paper No. w13437
Number of pages: 47 Posted: 24 Sep 2007
Thomas Philippon and Ariell Reshef
New York University (NYU) - Department of Finance and University of Virginia
Downloads 41 (363,557)
Citation 10

Abstract:

Financiers Vs. Engineers: Should the Financial Sector Be Taxed or Subsidized?

AFA 2010 Atlanta Meetings Paper
Number of pages: 27 Posted: 17 Mar 2009
Thomas Philippon
New York University (NYU) - Department of Finance
Downloads 87 (246,076)
Citation 5

Abstract:

human capital, growth, financing

Financiers vs. Engineers: Should the Financial Sector Be Taxed or Subsidized?

NBER Working Paper No. w13560
Number of pages: 28 Posted: 31 Oct 2007 Last Revised: 22 Jul 2010
Thomas Philippon
New York University (NYU) - Department of Finance
Downloads 13 (502,169)
Citation 5

Abstract:

Financiers Vs. Engineers:Should the Financial Sector Be Taxed or Subsidized?

NYU Working Paper No. FIN-07-009
Number of pages: 27 Posted: 03 Nov 2008
Thomas Philippon
New York University (NYU) - Department of Finance
Downloads 12 (508,080)
Citation 5

Abstract:

Optimal Interventions in Markets with Adverse Selection

NYU Working Paper No. 2451/30283
Number of pages: 34 Posted: 06 Dec 2010
Thomas Philippon and Vasiliki Skreta
New York University (NYU) - Department of Finance and University College London
Downloads 68 (285,538)
Citation 9

Abstract:

adverse selection, market collapse, mechanism design, mechanism-dependent participation

Optimal Interventions in Markets with Adverse Selection

NBER Working Paper No. w15785
Number of pages: 30 Posted: 01 Mar 2010 Last Revised: 20 Aug 2010
Thomas Philippon and Vasiliki Skreta
New York University (NYU) - Department of Finance and University College London
Downloads 20 (461,454)
Citation 9

Abstract:

Optimal Interventions in Markets with Adverse Selection

CEPR Discussion Paper No. DP7737
Number of pages: 43 Posted: 17 Mar 2010
Thomas Philippon and Vasiliki Skreta
New York University (NYU) - Department of Finance and University College London
Downloads 5 (545,790)
Citation 9
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Abstract:

adverse selection, bailout, financial crisis, information, mechanism design

28.

The Impact of Differential Payroll Tax Subsidies on Minimum Wage Employment

IZA Discussion Paper No. 219
Number of pages: 37 Posted: 04 Dec 2000
Francis Kramarz and Thomas Philippon
Center for Research in Economics and Statistics (CREST) and New York University (NYU) - Department of Finance
Downloads 87 (229,130)
Citation 23

Abstract:

Minimum wage, total labor costs, tax subsidies

29.

The Economics of Fraudulent Accounting

NYU Working Paper No. FIN-05-008
Number of pages: 33 Posted: 03 Nov 2008
Semi Kedia and Thomas Philippon
affiliation not provided to SSRN and New York University (NYU) - Department of Finance
Downloads 77 (259,102)
Citation 67

Abstract:

The Rise in Firm-Level Volatility: Causes and Consequences

NYU Working Paper No. S-DRP-05-01
Number of pages: 44 Posted: 05 Nov 2008
Diego Comin and Thomas Philippon
New York University (NYU) - Department of Economics and New York University (NYU) - Department of Finance
Downloads 47 (343,424)
Citation 82

Abstract:

The Rise in Firm-Level Volatility: Causes and Consequences

NYU Working Paper No. SC-CFE-05-01
Number of pages: 16 Posted: 07 Nov 2008
Diego Comin and Thomas Philippon
New York University (NYU) - Department of Economics and New York University (NYU) - Department of Finance
Downloads 22 (449,981)
Citation 82

Abstract:

31.

Why Has the U.S. Financial Sector Grown so Much? The Role of Corporate Finance

NBER Working Paper No. w13405
Number of pages: 38 Posted: 24 Sep 2007 Last Revised: 19 Aug 2010
Thomas Philippon
New York University (NYU) - Department of Finance
Downloads 68 (282,366)
Citation 4

Abstract:

32.

Supplement to 'Competing on Speed': Online Appendices

Number of pages: 37 Posted: 30 Apr 2012 Last Revised: 23 Apr 2015
Emiliano Pagnotta and Thomas Philippon
Imperial College Business School and New York University (NYU) - Department of Finance
Downloads 58 (263,128)

Abstract:

liquidity, fragmentation, welfare, regulation, asset prices, trading venues, trading speed, high-frequency-trading, exchanges

33.

The Y-Theory of Investment

NYU Working Paper No. FIN-06-039
Number of pages: 35 Posted: 03 Nov 2008
Thomas Philippon
New York University (NYU) - Department of Finance
Downloads 43 (331,705)
Citation 2

Abstract:

34.

The Bond Market's Q

NBER Working Paper No. w12462
Number of pages: 40 Posted: 21 Aug 2006 Last Revised: 17 Sep 2010
Thomas Philippon
New York University (NYU) - Department of Finance
Downloads 41 (356,579)

Abstract:

Has the U.S. Finance Industry Become Less Efficient? on the Theory and Measurement of Financial Intermediation

NBER Working Paper No. w18077
Number of pages: 41 Posted: 12 May 2012
Thomas Philippon
New York University (NYU) - Department of Finance
Downloads 38 (374,571)
Citation 3

Abstract:

Has the U.S. Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation

CEPR Discussion Paper No. DP9792
Number of pages: 44 Posted: 02 Jun 2014
Thomas Philippon
New York University (NYU) - Department of Finance
Downloads 1 (575,460)
Citation 3
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Abstract:

economic growth, informativeness, investment, price efficiency

36.
Downloads 38 (366,867)
Citation 2

Household Leverage and the Recession

NBER Working Paper No. w16965
Number of pages: 40 Posted: 25 Apr 2011
Thomas Philippon and Virgiliu Midrigin
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Economics
Downloads 34 (390,471)
Citation 2

Abstract:

Household Leverage and the Recession

CEPR Discussion Paper No. DP8381
Number of pages: 49 Posted: 19 May 2011
Virgiliu Midrigin and Thomas Philippon
New York University (NYU) - Department of Economics and New York University (NYU) - Department of Finance
Downloads 4 (550,823)
Citation 2
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Abstract:

cash-in-advance, household credit, housing, leverage, monetary policy, Recession

37.

Concentrated Ownership and Labour Relations

CEPR Discussion Paper No. 5776
Number of pages: 56 Posted: 27 Sep 2006
Holger M. Mueller and Thomas Philippon
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 28 (401,997)
Citation 3
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Abstract:

Labour relations, ownership concentration, strikes

38.
Downloads 15 (472,190)

The Analytics of the Greek Crisis

NBER Working Paper No. w22370
Number of pages: 72 Posted: 27 Jun 2016
University of California, Berkeley - Department of Economics, New York University (NYU) - Department of Finance and London School of Economics
Downloads 14 (496,447)
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Abstract:

The Analytics of the Greek Crisis

CEPR Discussion Paper No. DP11334
Number of pages: 74 Posted: 20 Jun 2016
University of California, Berkeley - Department of Economics, New York University (NYU) - Department of Finance and London School of Economics
Downloads 1 (575,460)
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Abstract:

bank-sovereign loop, DSGE model, fiscal contraction, Greek crisis, price rigidities, sovereign default, sudden stop

Informational Rents, Macroeconomic Rents, and Efficient Bailouts

NBER Working Paper No. w16727
Number of pages: 55 Posted: 31 Jan 2011
Thomas Philippon and Philipp Schnabl
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 11 (513,842)
Citation 1

Abstract:

Informational Rents, Macroeconomic Rents, and Efficient Bailouts

CEPR Discussion Paper No. DP8216
Number of pages: 57 Posted: 31 Jan 2011
Thomas Philippon and Philipp Schnabl
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 3 (556,433)
Citation 1
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Abstract:

bailouts, crises, debt overhang, recapitalization

40.

The Rise in Firm-Level Volatility: Causes and Consequences

NBER Working Paper No. w11388
Number of pages: 43 Posted: 14 Aug 2012
Diego A. Comin and Thomas Philippon
Harvard Business School - Business, Government and the International Economy Unit and New York University (NYU) - Department of Finance
Downloads 13 (482,577)
Citation 81

Abstract:

41.

Debt Overhang and Recapitalization in Closed and Open Economies

IMF Economic Review, Vol. 58, Issue 1, pp. 157-178, 2010
Number of pages: 22 Posted: 18 Oct 2010
Thomas Philippon
New York University (NYU) - Department of Finance
Downloads 12 (487,833)
Citation 2
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Abstract:

Inspecting the Mechanism: Leverage and the Great Recession in the Eurozone

NBER Working Paper No. w20572
Number of pages: 56 Posted: 14 Oct 2014
Philippe Martin and Thomas Philippon
Sciences Po and New York University (NYU) - Department of Finance
Downloads 8 (530,260)
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Abstract:

Inspecting the Mechanism: Leverage and the Great Recession in the Eurozone

CEPR Discussion Paper No. DP10189
Number of pages: 63 Posted: 14 Oct 2014
Philippe Martin and Thomas Philippon
Sciences Po and New York University (NYU) - Department of Finance
Downloads 2 (564,334)
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Abstract:

Eurozone crisis, Fiscal policy, Macroprudential policy, private leverage, sudden stop

43.
Downloads 9 (502,948)

Backtesting European Stress Tests

NBER Working Paper No. w23083
Number of pages: 39 Posted: 23 Jan 2017
Thomas Philippon, Pierre Pessarossi and Boubacar Camara
New York University (NYU) - Department of Finance, French Banking Supervisory Authority - Autorité de Contrôle Prudentiel et de Résolution (ACPR) and French Banking Supervisory Authority - Autorité de Contrôle Prudentiel et de Résolution (ACPR)
Downloads 9 (524,872)
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Abstract:

Backtesting European Stress Tests

CEPR Discussion Paper No. DP11805
Number of pages: 41 Posted: 30 Jan 2017
Boubacar Camara, Pierre Pessarossi and Thomas Philippon
French Banking Supervisory Authority - Autorité de Contrôle Prudentiel et de Résolution (ACPR), French Banking Supervisory Authority - Autorité de Contrôle Prudentiel et de Résolution (ACPR) and New York University (NYU) - Department of Finance
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44.

Estimating Risk-Adjusted Costs of Financial Distress

Journal of Applied Corporate Finance, Vol. 20, Issue 4, pp. 105-109, Fall 2008
Number of pages: 7 Posted: 18 Dec 2008
Heitor Almeida and Thomas Philippon
University of Illinois at Urbana-Champaign and New York University (NYU) - Department of Finance
Downloads 5 (521,488)
Citation 54
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Runs Versus Lemons: Information Disclosure and Fiscal Capacity

NBER Working Paper No. w21201
Number of pages: 68 Posted: 26 May 2015
Miguel Faria-e-Castro, Joseba Martinez and Thomas Philippon
New York University (NYU) - Department of Economics, New York University (NYU) and New York University (NYU) - Department of Finance
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Runs Versus Lemons: Information Disclosure and Fiscal Capacity

CEPR Discussion Paper No. DP10614
Number of pages: 62 Posted: 27 May 2015
Miguel Faria-e-Castro, Joseba Martinez and Thomas Philippon
New York University (NYU) - Department of Economics, New York University (NYU) and New York University (NYU) - Department of Finance
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Abstract:

bailouts, credit guarantees, deposit insurance, fiscal backstop, stress tests

Runs versus Lemons: Information Disclosure and Fiscal Capacity

CEPR Discussion Paper No. DP11408
Number of pages: 70 Posted: 25 Jul 2016
Miguel Faria-e-Castro, Joseba Martinez and Thomas Philippon
New York University (NYU) - Department of Economics, New York University (NYU) and New York University (NYU) - Department of Finance
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46.

Family Firms, Paternalism and Labour Relations

CEPR Discussion Paper No. 6017
Number of pages: 55 Posted: 08 May 2007
Holger M. Mueller and Thomas Philippon
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
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Citation 11
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family firms, labour relations

47.

Is There an Investment Gap in Advanced Economies? If So, Why?

Number of pages: 42 Posted: 19 Jul 2017
University of Amsterdam - Finance Group, New York University (NYU) - Leonard N. Stern School of Business and New York University (NYU) - Department of Finance
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48.

Declining Competition and Investment in the U.S

NBER Working Paper No. w23583
Number of pages: 74 Posted: 17 Jul 2017
German Gutierrez Gallardo and Thomas Philippon
New York University (NYU) - Leonard N. Stern School of Business and New York University (NYU) - Department of Finance
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49.

Investment-Less Growth: An Empirical Investigation

NBER Working Paper No. w22897
Number of pages: 67 Posted: 05 Dec 2016
German Gutierrez Gallardo and Thomas Philippon
New York University (NYU) - Leonard N. Stern School of Business and New York University (NYU) - Department of Finance
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50.

Household Leverage and the Recession

CEPR Discussion Paper No. DP11407
Number of pages: 42 Posted: 25 Jul 2016
Virgiliu Midrigin and Thomas Philippon
New York University (NYU) - Department of Economics and New York University (NYU) - Department of Finance
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Citation 2
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Abstract:

great recession, Household Debt, Regional Evidence, zero lower bound