Toan Phan is a senior economist in the Research Department. Phan joined the Federal Reserve Bank of Richmond in July 2017 after serving as an assistant professor of economics at the University of North Carolina at Chapel Hill.
Phan's research interests include macroeconomics and international macroeconomics. Recent papers cover the following topics: (i) understanding the role of asset price bubbles in financial crises, (ii) understanding sovereign debt crises, and (iii) understanding how the interaction of debt and bubbles may affect optimal monetary and macroprudential policies. He is also interested in environmental, growth, and development economics.
"Climate Defaults and Financial Adaptation" (with Felipe Schwartzman).
"Excess Mortality from Hurricanes: New Evidence from Microdata" (with Laura Bakkensen, Lala Ma and Logan Blair).
"Mortgage Market with Denial of Climate Change Risks: Theory and Evidence" (with Laura Bakkensen and Russell Wong).
"Race and Environmental Worries” (with Ranie Lin and Lala Ma).
"The Role of Information in Climate Migration: Evidence from a Large Randomized Survey Experiment in Vietnam" (with Laura Bakkensen and Paul Schuler).