External authors

Thomas Philippon

Professor of Finance at New York University, Stern School of Business

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 also 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.

Philippon has studied various topics in macroeconomics and finance: systemic risk, crisis resolution mechanisms, the dynamics of corporate investment and household debt, and the size of the finance industry. His recent work has focused on the Eurozone crisis and on financial regulation. He currently serves on the Monetary Policy Advisory Panel of the Federal Reserve Bank of New York, and as a board member and director of the scientific committee of ACPR, the French prudential regulator of banks and insurance companies. From 2012 to 2013, he was the Senior Economic Advisor to the French Finance Minister.

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

Read article Download PDF More on this topic
 

Policy Contribution

A new policy toolkit is needed as countries exit COVID-19 lockdowns

Most governments have taken measures to protect vulnerable workers and firms from the worst effects of the sudden drop in activity related to COVID-19. But as lockdowns are lifted, the focus must shift, and governments in advanced economies must design measures that will limit the pain of adjustment.

By: Olivier Blanchard, Thomas Philippon, Jean Pisani-Ferry and alihan Topic: Global economy and trade Date: June 22, 2020
Read article More on this topic
 

Opinion

Banking, FinTech, Big Tech: Emerging challenges for financial policymakers

FinTech and Big Tech firms are both increasingly stepping on banks’ traditional turf. This column introduces the 22nd Geneva Report on the World Economy, which looks at the challenges generated by new technology-enabled entrants to the global banking industry and the public authorities that oversee it. It argues that to respond adequately to the FinTech/Big Tech challenge, authorities will need to raise their game and enter uncharted territories.

By: Kathryn Petralia, Thomas Philippon, Tara Rice and Nicolas Véron Topic: Banking and capital markets Date: September 26, 2019
Read article Download PDF
 

Policy Brief

Financing Europe's fast movers

This policy brief deals with the link between corporate finance and growth. The discussions about structural reform in Europe, including the EU‘s Lisbon strategy, put a legitimate emphasis on labour and product market reforms, but often overlook the role of the financial system in fostering expansion. Thomas Philippon and Nicolas Véron analyse this gap and […]

By: Thomas Philippon and Nicolas Véron Topic: Banking and capital markets, Macroeconomic policy Date: January 19, 2008