I am a Ph.D. candidate in Economics at the University of Illinois Urbana–Champaign and will be on the job market in 2025–2026. My research lies at the intersection of international finance, monetary policy, and sovereign debt, with a focus on how global shocks transmit to firms and financial markets in emerging economies. 

My Job Market Paper: "The Effect of U.S. Monetary Policy on Foreign Firms: Does Debt Maturity Matter?" is currently under Revise and Resubmit at the Journal of International Economics. We find that foreign firms with a large share of long-term debt maturing soon after a U.S. contractionary shock experience sharper declines in investment and sales than other firms. These effects are concentrated in emerging economies, where financing constraints amplify the transmission of U.S. monetary policy, while firms in advanced economies remain largely unaffected. 

Prior to graduate school I worked at Economic Research Institute for ASEAN and East Asia as a Research Associate for the Policy Design Department. I am a recipient of Robert Demarest Teaching Memorial Award for outstanding teaching performance for graduate level course. 

I am committed to keep advancing research and teaching as well as contributing to academic, policy, and private-sector discussions on global finance and emerging markets. 

The links below contain additional information about my profile. 

CV | Job Market Paper | Research Statement | Teaching Statement 

Contact: jaysar2@illinois.edu