Zeynep Yom, PhD

I am an Associate Professor of Economics at Villanova University. I graduated with a PhD in Economics from University of Pittsburgh in 2015.

My research interests are mainly macroeconomics, international macroeconomics, monetary economics and financial economics.

My research in international macroeconomics mostly focuses on sovereign debt crises at various angles, such as the role of income inequality in default risk, the relationship between labor markets and the default risk, and the link between banking and sovereign default crises. In addition, I have researched in various topics related to R&D investments of U.S. firms such as the cyclicality of R&D investments, R&D’s role in business cycles, the effects of the policies that promote innovation on R&D investments, and the joint effects of market power and R&D on the cyclicality of employment. I have also examined the sensitivity of firm borrowing spreads in the U.S. to changes in monetary policy stance.

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Publications

1. “R&D, market power and the cyclicality of employment”

Journal of Money, Credit and Banking (2023)  
with Uluc Aysun, Melanie Guldi and Adam Honig

2. “R&D characteristics, innovation spillover and technology driven business cycles” Journal Link

Journal of Industry Competition and Trade (2021) 21: 339-365. 
with Uluc Aysun

3. “Interest rates, R&D investment and the distortionary effects of R&D incentives” Journal Link

European Economic Review (2019) 111: 191-210. 
with Uluc Aysun

4. “The cyclical behavior of R&D investment during the Great Recession” Journal Link

Empirical Economics (2019) 56: 301-323.

5. “Income inequality and sovereign default” Journal Link

Journal of Economic Dynamics and Control (2018) 95: 211-232. 
with Kiyoung Jeon

6. “Is the credit channel alive? Firm-level evidence on the sensitivity of borrowing spreads to monetary policy” Journal Link

Economic Modelling (2018) 75: 305-319. 
with Uluc Aysun and Kiyoung Jeon