Details about Gregory Phelan

Homepage:	https://sites.google.com/site/gregoryphelan/
Workplace:	Economics Department, Williams College, (more information at EDIRC)

Access statistics for papers by Gregory Phelan.

Last updated 2024-05-06. Update your information in the RePEc Author Service.

Short-id: pph100

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Working Papers

2025

Why Do Supply Disruptions Lead to Inflation?
Department of Economics Working Papers, Department of Economics, Williams College

2024

Collateralizability and Asset Prices: Evidence from Structured Funds
Department of Economics Working Papers, Department of Economics, Williams College
Does lock-up lead to stability?
Working Papers, Office of Financial Research, US Department of the Treasury
The Proof-of-Stake Protocol and Run Risk
The OFR Blog, Office of Financial Research, US Department of the Treasury

2023

Can Supply Shocks Be Inflationary with a Flat Phillips Curve?
Working Papers, Federal Reserve Bank of Cleveland View citations (2)
Also in Working Papers, Office of Financial Research, US Department of the Treasury (2023) View citations (1)
Digital Currency May Increase Household Welfare, Lower Volatility but Pose Risks to Banks
The OFR Blog, Office of Financial Research, US Department of the Treasury
Digital Currency and Banking-Sector Stability
Working Papers, Office of Financial Research, US Department of the Treasury
Fragility of Safe Assets
Working Papers, Office of Financial Research, US Department of the Treasury
OFR Creates Model Justifying Long-held View About Inflation Determinants
The OFR Blog, Office of Financial Research, US Department of the Treasury
OFR Models One Theory on the Cause of March 2020’s Treasury Market Fragility
The OFR Blog, Office of Financial Research, US Department of the Treasury
Sustainability with Risky Growth
Working Papers, Office of Financial Research, US Department of the Treasury
Technology Shocks and Predictable Minsky Cycles
Working Papers, Office of Financial Research, US Department of the Treasury
Also in Department of Economics Working Papers, Department of Economics, Williams College (2021)
See also Journal Article Technology Shocks and Predictable Minsky Cycles, The Economic Journal, Royal Economic Society (2024) View citations (6) (2024)
Threats to Sustainability Stem Particularly from Factors That Stymie Growth and Have High Levels of Risk
The OFR Blog, Office of Financial Research, US Department of the Treasury

2022

Fragility of Safe Asset Markets
Staff Reports, Federal Reserve Bank of New York View citations (1)
How Can Safe Asset Markets Be Fragile?
Liberty Street Economics, Federal Reserve Bank of New York
Online Appendix to Should Monetary Policy Target Financial Stability"
Online Appendices, Review of Economic Dynamics View citations (1)
See also Journal Article Should Monetary Policy Target Financial Stability, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2023) View citations (1) (2023)

2021

Collateral Constraints, Tranching, and Price Bases
Department of Economics Working Papers, Department of Economics, Williams College
Also in Department of Economics Working Papers, Department of Economics, Williams College (2020)
See also Journal Article Collateral constraints, tranching, and price bases, Economic Theory, Springer (2023) (2023)
How Does Market Power Affect Fire-Sale Externalities?
Liberty Street Economics, Federal Reserve Bank of New York
Liquidity Provision and Financial Stability
Department of Economics Working Papers, Department of Economics, Williams College
See also Journal Article Liquidity Provision and Financial Stability, Journal of Money, Credit and Banking, Blackwell Publishing (2024) (2024)
Should Monetary Policy Target Financial Stability?
Department of Economics Working Papers, Department of Economics, Williams College View citations (1)
Also in Department of Economics Working Papers, Department of Economics, Williams College (2020)
See also Journal Article Should Monetary Policy Target Financial Stability, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2023) View citations (1) (2023)

2020

Cournot Fire Sales
Department of Economics Working Papers, Department of Economics, Williams College
Also in Department of Economics Working Papers, Department of Economics, Williams College (2018)
Staff Reports, Federal Reserve Bank of New York (2018)
See also Journal Article Cournot Fire Sales, American Economic Journal: Macroeconomics, American Economic Association (2022) (2022)
International Coordination of Macroprudential Policies with Capital Flows and Financial Asymmetries
Department of Economics Working Papers, Department of Economics, Williams College
Also in Department of Economics Working Papers, Department of Economics, Williams College (2018)
See also Journal Article International coordination of macroprudential policies with capital flows and financial asymmetries, Journal of Financial Stability, Elsevier (2021) View citations (3) (2021)

2019

Debt Collateralization, Capital Structure, and Maximal Leverage
Department of Economics Working Papers, Department of Economics, Williams College View citations (1)
Also in Department of Economics Working Papers, Department of Economics, Williams College (2016) View citations (1)
See also Journal Article Debt collateralization, capital structure, and maximal leverage, Economic Theory, Springer (2020) View citations (2) (2020)
Debt Collateralization, Structured Finance, and the CDS Basis
Department of Economics Working Papers, Department of Economics, Williams College
Also in Department of Economics Working Papers, Department of Economics, Williams College (2017) View citations (1)
Dimensionality and Disagreement: Asymptotic Belief Divergence in Response to Common Information
Department of Economics Working Papers, Department of Economics, Williams College
See also Journal Article DIMENSIONALITY AND DISAGREEMENT: ASYMPTOTIC BELIEF DIVERGENCE IN RESPONSE TO COMMON INFORMATION, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2019) View citations (4) (2019)
Global Collateral and Capital Flows
Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (1)
Department of Economics Working Papers, Department of Economics, Williams College (2019)

2018

Dynamic Consequences of Monetary Policy for Financial Stability
Department of Economics Working Papers, Department of Economics, Williams College

2017

Global Collateral: How Financial Innovation Drives Capital Flows and Increases Financial Instability
Department of Economics Working Papers, Department of Economics, Williams College
Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2017) View citations (4)
Securitized Markets, International Capital Flows, and Global Welfare
Department of Economics Working Papers, Department of Economics, Williams College
See also Journal Article Securitized markets, international capital flows, and global welfare, Journal of Financial Economics, Elsevier (2019) View citations (5) (2019)

2016

Correlated Default and Financial Intermediation
Department of Economics Working Papers, Department of Economics, Williams College
See also Journal Article Correlated Default and Financial Intermediation, Journal of Finance, American Finance Association (2017) View citations (8) (2017)
Financial Intermediation, Leverage, and Macroeconomic Instability
Department of Economics Working Papers, Department of Economics, Williams College View citations (1)
See also Journal Article Financial Intermediation, Leverage, and Macroeconomic Instability, American Economic Journal: Macroeconomics, American Economic Association (2016) View citations (22) (2016)
Securitized Markets and International Capital Flows
2016 Meeting Papers, Society for Economic Dynamics View citations (2)

2015

Collateralized Borrowing and Increasing Risk
Department of Economics Working Papers, Department of Economics, Williams College View citations (3)
See also Journal Article Collateralized borrowing and increasing risk, Economic Theory, Springer (2017) View citations (4) (2017)
Hyperbolic Discounting and Life-Cycle Portfolio Choice
Department of Economics Working Papers, Department of Economics, Williams College
See also Journal Article Hyperbolic discounting and life-cycle portfolio choice*, Journal of Pension Economics and Finance, Cambridge University Press (2015) View citations (14) (2015)
On the Robustness of Theoretical Asset Pricing Models
Department of Economics Working Papers, Department of Economics, Williams College

Journal Articles

2024

Liquidity Provision and Financial Stability
Journal of Money, Credit and Banking, 2024, 56, (2-3), 455-487
See also Working Paper Liquidity Provision and Financial Stability, Department of Economics Working Papers (2021) (2021)
Technology Shocks and Predictable Minsky Cycles
The Economic Journal, 2024, 134, (658), 811-836 View citations (6)
See also Working Paper Technology Shocks and Predictable Minsky Cycles, Working Papers (2023) (2023)

2023

Collateral constraints, tranching, and price bases
Economic Theory, 2023, 75, (2), 317-340
See also Working Paper Collateral Constraints, Tranching, and Price Bases, Department of Economics Working Papers (2021) (2021)
Should Monetary Policy Target Financial Stability
Review of Economic Dynamics, 2023, 49, 181-200 View citations (1)
See also Software Item Code and data files for "Should Monetary Policy Target Financial Stability", Computer Codes (2022) (2022)
Working Paper Should Monetary Policy Target Financial Stability?, Department of Economics Working Papers (2021) View citations (1) (2021)
Working Paper Online Appendix to Should Monetary Policy Target Financial Stability", Online Appendices (2022) View citations (1) (2022)

2022

Cournot Fire Sales
American Economic Journal: Macroeconomics, 2022, 14, (3), 508-42
See also Working Paper Cournot Fire Sales, Department of Economics Working Papers (2020) (2020)

2017

Collateralized borrowing and increasing risk
Economic Theory, 2017, 63, (2), 471-502 View citations (4)
See also Working Paper Collateralized Borrowing and Increasing Risk, Department of Economics Working Papers (2015) View citations (3) (2015)
Correlated Default and Financial Intermediation
Journal of Finance, 2017, 72, (3), 1253-1284 View citations (8)
See also Working Paper Correlated Default and Financial Intermediation, Department of Economics Working Papers (2016) (2016)

2016

Financial Intermediation, Leverage, and Macroeconomic Instability
American Economic Journal: Macroeconomics, 2016, 8, (4), 199-224 View citations (22)
See also Working Paper Financial Intermediation, Leverage, and Macroeconomic Instability, Department of Economics Working Papers (2016) View citations (1) (2016)

2015

Hyperbolic discounting and life-cycle portfolio choice*
Journal of Pension Economics and Finance, 2015, 14, (4), 492-524 View citations (14)
See also Working Paper Hyperbolic Discounting and Life-Cycle Portfolio Choice, Department of Economics Working Papers (2015) (2015)

Software Items

2022

Code and data files for "Should Monetary Policy Target Financial Stability"
Computer Codes, Review of Economic Dynamics
See also Journal Article Should Monetary Policy Target Financial Stability, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2023) View citations (1) (2023)