Assistant Professor - Strategic Management

Employment increased by 75,000 (+0.4%) in July and the employment rate rose 0.1 percentage points to 60.9%. The unemployment rate declined 0.1 percentage points to 6.4%.

(Forthcoming Article) - Capital resale frictions, by increasing liquidity risk and decreasing collateral values, can depress investment and amplify capital misallocation in the entrepreneur sector. I provide qualitative evidence using investment data from startups, and quantify these channels using a calibrated entrepreneurial choice model with production risk, financial frictions, and capital resale frictions. I decompose the effects coming from production risk, financial frictions, and resale frictions. I find that resale frictions increase average excess returns by 2.13 pp, and reduce aggregate productivity by 12.7%. The impact of resale frictions are substantially larger than financial frictions or production risk.

Bill Reinsch and Scott Miller (The Trade Guys) join to interview Soumaya and Chad about the new Keynes & Bown book, How to Win a Trade War.

Join LACEA LAMES 2026 in Lima, Peru, November 12-14. Submit abstracts. Leading economists, keynote speakers, and cutting-edge research.

A Peruvian spot took No. 1, while five U.S. chefs kept places on the list.

By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency

President Donald Trump has started his second term in office with momentous plans to change US trade policy to achieve various economic and nontrade related aims. Below is a timeline that tracks the d...

Tariffs from the new President call for an emergency relaunch of the longstanding trade podcast. Aime Williams (Financial Times) joins to explain.

Firms, workers, and consumers in developing countries are increasingly connected to each other and the rest of the world through the internet. Can this connectivity transform poor economies, as technology-optimists hope, or are there more deeply rooted barriers to economic development? Research on the topic is growing rapidly. In this article we provide an overview of existing evidence from 150 studies on the extent to which, and how, internet connectivity affects economic development. Not surprisingly, estimates vary widely with the context, particular outcome, and form of internet studied. Overall the literature points towards sizeable economic impacts in many---though not all---settings.

Mexican President Claudia Sheinbaum threatened to implement retaliatory tariffs should Trump implement his proposed economic measures against Mexico.