Dr. Toan Phan
Dr. Toan Phan, recently presented his paper entitled “Bubbly Recessions” a joint work UNC graduate students Sid Biswas and Andrew Hanson. The paper was presented at Lab for Aggregate Economics and Finance a conference focusing on understanding the role of bubbles in the economy and what governments should do about them.
Phan’s goal was to understand how the collapse of economic bubbles can lead to a recession, such as the Great Recession (late 2000s) after the collapse of the U.S. housing bubble. Understanding the behavioral pattern of a bubble before it leads to a recession yields important data that can influence government legislation and planning.
The Lab for Aggregate Economics and Finance conference founded by Nobel Laureate Finn Kydland at the University of California at Santa Barbara.
To read his paper and more about his research click here.