Vogelstein Faculty Fellowship in Finance. His research focuses on the macroeconomic implications of household leverage, the efficiency of the financial sector, and policy interventions in financial markets. His research has won numerous prizes, including a best paper award from both the Review of Financial Studies and the Journal of Finance. Philippon served as senior economic adviser to the finance minister of the French Treasury and is a member of the National Bureau of Economic Research. He received an MA in economics at the Delta-Ehess, an MA in physics at Ecole Polytechnique, and his PhD in economics at Massachusetts Institute of Technology.