Tag Archives: Thomas Philippon

How Did the Original J.P. Morgan Do It?

Professor Thomas Philippon’s research is highlighted in a new Bloomberg Businessweek article. His research suggests that despite substantial innovations in finance since the 1900s, only limited evidence exists to support the theory that market prices are more efficient today. He … Continue reading

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The Eurozone’s Austerity-Growth Debate

The Council on Foreign Relations interviewed Professor Thomas Philippon on German-mandated austerity measures and the effect on Eurozone growth. The interview spans the political and economic environment of the whole Eurozone as well as the specific cases of France, Italy, … Continue reading

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A Tax on Systemic Risk

Professors of Finance Viral Acharya, Lasse Pedersen, Thomas Philippon and Matthew Richardson propose a systemic risk tax on financial firms that is based on a firm’s expected loss should an economic crisis happen.  Specifically, they suggest that each firm be … Continue reading

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