Publications:
Phelan, Thomas. "On the optimality of differential asset taxation." International Economic Review (2025). Published version; working paper; replication materials.
Eslami, Keyvan, and Thomas Phelan. "The Art of Temporal Approximation: An Investigation into Numerical Solutions to Discrete-and Continuous-Time Problems in Economics." Computational Economics (2024): 1-43. Published version; WP version; replication materials.
Thomas Phelan and Alexis Akira Toda. Optimal epidemic control in equilibrium with imperfect testing and enforcement. Journal of Economic Theory, 206:105570, December 2022. Published version; WP version; replication materials.
Thomas Phelan and Keyvan Eslami. Applications of Markov chain approximation methods to optimal control problems in economics. Journal of Economic Dynamics and Control, 143:104437, October 2022. Published version; working paper; replication materials; corrigendum.
Working papers:
Time Use and the Efficiency of Heterogeneous Markups (with Brian Albrecht and Nick Pretnar); working paper (November 2023).
The Optimal Taxation of Business Owners; working paper (March 2023); replication materials.
NOTE: the implementation with signaling equilibria in the March 2023 version differs from earlier versions which adopted a competitive market structure. As discussed in Appendix E of the updated version, for many parameters competitive equilibria fail to exist.
Federal Reserve Publications:
Ben R. Craig, Tom Phelan, Jan-Peter Siedlarek, and Jared Steinberg. Improving Epidemic Modeling with Networks. Economic Commentary, (2020-23), September 2020.
Ben R. Craig, Tom Phelan, Jan-Peter Siedlarek, and Jared Steinberg. Modeling Behavioral Responses to COVID-19. Economic Commentary, (2021-05), March 2021.
Ben R. Craig, Tom Phelan, Jan-Peter Siedlarek, and Jared Steinberg. Two Approaches to Predicting the Path of the COVID-19 Pandemic: Is One Better? Economic Commentary, (2021-10), April 2021.
Jordan Manes, Emily Moschini, and Tom Phelan. Student Debt Incidence: Recent Data and Conceptual Issues. Economic Commentary, (2022-16), December 2022. replication materials.