Rhys has taught Macroeconomics at the University of Warwick and is currently teaching International Finance at the University of Oxford. He is on leave from the Federal Reserve Bank of San Francisco, where he works as an Economist, specialising in asset pricing, decision-making under uncertainty and empirical and theoretical work on bank regulation, particularly with regard to stress testing.
Rhys specialises in asset pricing, decision-making under uncertainty and empirical and theoretical work on bank regulation, particularly with regard to stress testing. More recently, Rhys’s work has concentrated on bank behaviour and financial regulation. He has studied models used to create stress test scenarios and how banks respond to damaging shocks – topics that have been of particular relevance since the financial crisis and Great Recession. Reflecting his interests in these topics, Rhys is currently working as an academic consultant in the financial stability section of the Bank of England.
After his undergraduate and masters studies at the University of Cambridge, Rhys completed his PhD at New York University, under the supervision of Thomas Sargent.
Rhys has mainly studied the behavioural and asset price implications of agents’ aversion to ambiguity or ‘unknown unknowns’. This work has been published in the American Economic Review, the Journal of Monetary Economics and the Journal of Economic Theory.