Greg Phelan

Greg Phelan

Assistant Professor of Economics

[email protected]
Website
413-597-6284
CV
Schapiro Hall Rm 314

Education

B.A. Yale University
M.A. Yale University
M.Phil. Yale University
Ph.D. Yale University

Areas of Expertise

  • Macroeconomics
  • Financial Theory
  • Economic Theory
  • International Finance

Courses

Note: courses in gray are not offered this academic year.

ECON 252(S)

Macroeconomics

ECON 364

Theory of Asset Pricing

ECON 472(F)

Macroeconomic Instability and Financial Markets

Research and Teaching Fields

Macroeconomics, General Equilibrium, Financial Theory, Economic Theory, International Finance

(* indicate current or past undergraduate students)

Published and Forthcoming Articles

  1. “Debt Collateralization, Capital Structure, and Maximal Leverage” (with Feixue Gong*), 2019, accepted by Economic Theory
  2. “Dimensionality and Disagreement: Asymptotic belief divergence in response to common information” (with Isaac Loh*), 2019, forthcoming at International Economic Review
  3. “Securitized Markets, International Capital Flows, and Global Welfare” (with Alexis Akira Toda), Journal of Financial Economics,  Volume 131, Issue 3, March 2019, Pages 571-592
  4. “Correlated Default and Financial Intermediation“, 2017, Journal of Finance, June 72:3, pp. 1253–1284
  5. “Collateralized Borrowing and Increasing Risk“, 2017, Economic Theory, 63(2), pp. 471 — 502.
  6. “Financial Intermediation, Leverage, and Macroeconomic Instability“, 2016, American Economic Journal: Macroeconomics, 8(4): 199-224
  7. “Hyperbolic Discounting and Life Cycle Portfolio Choice” (with David Love), 2015, Journal of Pension Economics and Finance, volume 14, issue 04, pp. 492-524  

Working Papers

  1. “Cournot Fire Sales” (with Thomas Eisenbach) (Feb 2018)
  2. “Global Collateral and Capital Flows” (with Ana Fostel and John Geanakoplos)
  3. “Debt Collateralization, Structured Finance, and the CDS Basis” (with Feixue Gong*)
  4. “International Coordination of Macroprudential Policies with Capital Flows and Financial Asymmetries (with William Chen*)
  5. “Dynamic Consequences of Monetary Policy for Financial Stability” (with William Chen*)

Work in Progress

  1. “Collateralized Carry Trades and Exchange Rate Risk” (joint with Ana Fostel and Feixue Gong*)
  2. “Leverage regulation can increase fat tails” (joint with Ana Fostel and John Geanakoplos)
  3. “Estimating a Continuous-Time DSGE Model” (with William Chen* and Marco Del Negro)
  4. “Liquidity Provision and Financial Stability”
  5. “Asset Price Spillovers and Financial Stability in Small Open Economies” (with William Chen*)

Previous Employment

D. E. Shaw, LLC, Proprietary Trader, 2007—2009