Thomas Philippon

Thomas Philippon is the Max L. Heine Professor of Finance at New York University’s Stern School of Business. His research spans macroeconomics and finance, with a focus on financial stability and systemic risk, corporate investment, household debt, financial regulation and competition and market power. He is the author of The Great Reversal (2019), which examines declining competition and the growing market power of large firms in the United States. Philippon serves as an academic adviser to the Financial Stability Board and the Hong Kong Institute for Monetary and Financial Research, and previously advised the Federal Reserve Bank of New York and served as senior economic adviser to the French finance minister.