Scott Baker
Professor of Finance - Kellogg School of Management
Research Interests
About
Publications
Measuring Economic Policy Uncertainty*
The Quarterly Journal of Economics / Jul 11, 2016
Baker, S. R., Bloom, N., & Davis, S. J. (2016). Measuring Economic Policy Uncertainty*. The Quarterly Journal of Economics, 131(4), 1593–1636. https://doi.org/10.1093/qje/qjw024
The Unprecedented Stock Market Reaction to COVID-19
The Review of Asset Pricing Studies / Jul 18, 2020
Baker, S. R., Bloom, N., Davis, S. J., Kost, K., Sammon, M., & Viratyosin, T. (2020). The Unprecedented Stock Market Reaction to COVID-19. The Review of Asset Pricing Studies, 10(4), 742–758. https://doi.org/10.1093/rapstu/raaa008
COVID-Induced Economic Uncertainty
Apr 01, 2020
Baker, S., Bloom, N., Davis, S., & Terry, S. (2020). COVID-Induced Economic Uncertainty. https://doi.org/10.3386/w26983
How Does Household Spending Respond to an Epidemic? Consumption during the 2020 COVID-19 Pandemic
The Review of Asset Pricing Studies / Jul 21, 2020
Baker, S. R., Farrokhnia, R. A., Meyer, S., Pagel, M., & Yannelis, C. (2020). How Does Household Spending Respond to an Epidemic? Consumption during the 2020 COVID-19 Pandemic. The Review of Asset Pricing Studies, 10(4), 834–862. https://doi.org/10.1093/rapstu/raaa009
Economic uncertainty before and during the COVID-19 pandemic
Journal of Public Economics / Nov 01, 2020
Altig, D., Baker, S., Barrero, J. M., Bloom, N., Bunn, P., Chen, S., Davis, S. J., Leather, J., Meyer, B., Mihaylov, E., Mizen, P., Parker, N., Renault, T., Smietanka, P., & Thwaites, G. (2020). Economic uncertainty before and during the COVID-19 pandemic. Journal of Public Economics, 191, 104274. https://doi.org/10.1016/j.jpubeco.2020.104274
Using Disasters to Estimate the Impact of Uncertainty
May 01, 2020
Baker, S., Bloom, N., & Terry, S. (2020). Using Disasters to Estimate the Impact of Uncertainty. https://doi.org/10.3386/w27167
Debt and the Response to Household Income Shocks: Validation and Application of Linked Financial Account Data
Journal of Political Economy / Aug 01, 2018
Baker, S. R. (2018). Debt and the Response to Household Income Shocks: Validation and Application of Linked Financial Account Data. Journal of Political Economy, 126(4), 1504–1557. https://doi.org/10.1086/698106
Policy News and Stock Market Volatility
Mar 01, 2019
Baker, S., Bloom, N., Davis, S., & Kost, K. (2019). Policy News and Stock Market Volatility. https://doi.org/10.3386/w25720
The Impact of Unemployment Insurance on Job Search: Evidence from Google Search Data
The Review of Economics and Statistics / Dec 01, 2017
Baker, S. R., & Fradkin, A. (2017). The Impact of Unemployment Insurance on Job Search: Evidence from Google Search Data. The Review of Economics and Statistics, 99(5), 756–768. https://doi.org/10.1162/rest_a_00674
Income, Liquidity, and the Consumption Response to the 2020 Economic Stimulus Payments
May 01, 2020
Baker, S., Farrokhnia, R., Meyer, S., Pagel, M., & Yannelis, C. (2020). Income, Liquidity, and the Consumption Response to the 2020 Economic Stimulus Payments. https://doi.org/10.3386/w27097
Why Has US Policy Uncertainty Risen Since 1960?
American Economic Review / May 01, 2014
Baker, S. R., Bloom, N., Canes-Wrone, B., Davis, S. J., & Rodden, J. (2014). Why Has US Policy Uncertainty Risen Since 1960? American Economic Review, 104(5), 56–60. https://doi.org/10.1257/aer.104.5.56
Measuring Economic Policy Uncertainty
Oct 01, 2015
Baker, S., Bloom, N., & Davis, S. (2015). Measuring Economic Policy Uncertainty. https://doi.org/10.3386/w21633
Has Economic Policy Uncertainty Hampered the Recovery?
SSRN Electronic Journal / Jan 01, 2012
Baker, S. R., Bloom, N., & Davis, S. J. (2012). Has Economic Policy Uncertainty Hampered the Recovery? SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2009451
Effects of Immigrant Legalization on Crime
American Economic Review / May 01, 2015
Baker, S. R. (2015). Effects of Immigrant Legalization on Crime. American Economic Review, 105(5), 210–213. https://doi.org/10.1257/aer.p20151041
Income changes and consumption: Evidence from the 2013 federal government shutdown
Review of Economic Dynamics / Jan 01, 2017
Baker, S. R., & Yannelis, C. (2017). Income changes and consumption: Evidence from the 2013 federal government shutdown. Review of Economic Dynamics, 23, 99–124. https://doi.org/10.1016/j.red.2016.09.005
What Triggers Stock Market Jumps?
Apr 01, 2021
Baker, S., Bloom, N., Davis, S., & Sammon, M. (2021). What Triggers Stock Market Jumps? https://doi.org/10.3386/w28687
Measuring Economic Policy Uncertainty
SSRN Electronic Journal / Jan 01, 2013
Baker, S. R., Bloom, N., & Davis, S. J. (2013). Measuring Economic Policy Uncertainty. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2198490
Shopping for Lower Sales Tax Rates
American Economic Journal: Macroeconomics / Jul 01, 2021
Baker, S. R., Johnson, S., & Kueng, L. (2021). Shopping for Lower Sales Tax Rates. American Economic Journal: Macroeconomics, 13(3), 209–250. https://doi.org/10.1257/mac.20190026
Expectation Formation Following Large, Unexpected Shocks
The Review of Economics and Statistics / May 01, 2020
Baker, S. R., McElroy, T. S., & Sheng, X. S. (2020). Expectation Formation Following Large, Unexpected Shocks. The Review of Economics and Statistics, 102(2), 287–303. https://doi.org/10.1162/rest_a_00826
Consumption Imputation Errors in Administrative Data
The Review of Financial Studies / Aug 17, 2021
Baker, S. R., Kueng, L., Meyer, S., & Pagel, M. (2021). Consumption Imputation Errors in Administrative Data. The Review of Financial Studies, 35(6), 3021–3059. https://doi.org/10.1093/rfs/hhab087
Elections, Political Polarization, and Economic Uncertainty
Oct 01, 2020
Baker, S., Baksy, A., Bloom, N., Davis, S., & Rodden, J. (2020). Elections, Political Polarization, and Economic Uncertainty. https://doi.org/10.3386/w27961
Corporate Taxes and Retail Prices
Apr 01, 2020
Baker, S., Sun, S. T., & Yannelis, C. (2020). Corporate Taxes and Retail Prices. https://doi.org/10.3386/w27058
Do Household Finances Constrain Unconventional Fiscal Policy?
Tax Policy and the Economy / Jun 01, 2019
Baker, S. R., Kueng, L., McGranahan, L., & Melzer, B. T. (2019). Do Household Finances Constrain Unconventional Fiscal Policy? Tax Policy and the Economy, 33, 1–32. https://doi.org/10.1086/703225
State-level economic policy uncertainty
Journal of Monetary Economics / Nov 01, 2022
Baker, S. R., Davis, S. J., & Levy, J. A. (2022). State-level economic policy uncertainty. Journal of Monetary Economics, 132, 81–99. https://doi.org/10.1016/j.jmoneco.2022.08.004
Measuring Customer Churn and Interconnectedness
Aug 01, 2020
Baker, S., Baugh, B., & Sammon, M. (2020). Measuring Customer Churn and Interconnectedness. https://doi.org/10.3386/w27707
Household Financial Transaction Data
Annual Review of Economics / Aug 12, 2022
Baker, S. R., & Kueng, L. (2022). Household Financial Transaction Data. Annual Review of Economics, 14(1), 47–67. https://doi.org/10.1146/annurev-economics-051520-023646
Income Fluctuations and Firm Choice
Journal of Financial and Quantitative Analysis / Jul 06, 2020
Baker, S. R., Baugh, B., & Kueng, L. (2020). Income Fluctuations and Firm Choice. Journal of Financial and Quantitative Analysis, 56(6), 2208–2236. https://doi.org/10.1017/s0022109020000526
Financial Returns to Household Inventory Management
Aug 01, 2020
Baker, S., Johnson, S., & Kueng, L. (2020). Financial Returns to Household Inventory Management. https://doi.org/10.3386/w27740
Correlation in State and Local Tax Changes
SSRN Electronic Journal / Jan 01, 2020
Baker, S. R., Janas, P., & Kueng, L. (2020). Correlation in State and Local Tax Changes. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3648513
Health, Demographic Transition And Economic Growth
Policy Research Working Papers / Jun 02, 2010
Jorgensen, O. H. (2010). Health, Demographic Transition And Economic Growth. Policy Research Working Papers. https://doi.org/10.1596/1813-9450-5304
Fertility and Savings: The Effect of China’s Two-Child Policy on Household Savings
Mar 01, 2022
Baker, S., Benmelech, E., Yang, Z., & Zhang, Q. (2022). Fertility and Savings: The Effect of China’s Two-Child Policy on Household Savings. https://doi.org/10.3386/w29856
How Venture Capitalists Evaluate Potential Investment Opportunities
Kellogg School of Management Cases / Nov 15, 2018
Baker, S. R., Sapienza, P., Deekshit, S., & Hundet, S. (2018). How Venture Capitalists Evaluate Potential Investment Opportunities. Kellogg School of Management Cases, 1–32. https://doi.org/10.1108/case.kellogg.2021.000087
Essays in empirical macroeconomics and finance
Liao, W. (n.d.). Essays in empirical macroeconomics and finance. https://doi.org/10.17760/d20409516
Constitutional Law. Legislative Powers: Implied Powers. Power to Forbid Congressmen to Receive Political Contributions from Federal Officials
Harvard Law Review / Nov 01, 1929
Constitutional Law. Legislative Powers: Implied Powers. Power to Forbid Congressmen to Receive Political Contributions from Federal Officials. (1929). Harvard Law Review, 43(1), 137. https://doi.org/10.2307/1330667
Worms at Work: Long-run Impacts of a Child Health Investment
Jul 01, 2015
Baird, S., Hicks, J. H., Kremer, M., & Miguel, E. (2015). Worms at Work: Long-run Impacts of a Child Health Investment. https://doi.org/10.3386/w21428
Education
Stanford University
PhD, Economics / 2014
University of California, Berkeley
BA, Economics / 2007
Experience
Northwestern University
Professor of Economics / 2014 — Present
Links & Social Media
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