Faculty News

Professor Thomas Philippon's research on wages and human capital is cited in a recent IMF report

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Excerpt from Forbes -- "The new IMF study quantifies the direct cost to U.S. economic growth of an oversized financial sector: 2% of GDP per year. In other words, if the financial sector were the proper size, the U.S. economy would be enjoying a normal economic recovery of 3% to 4% per year instead of the dismal 1% to 2% of the last few years. The IMF study builds on earlier important work, including studies by Thomas Philippon at New York University..."

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