The Data Economy: Tools and applications by Baley, I. and L. Veldkamp by Princeton University Press

Isaac Baley is an Associate Professor of Economics at Universitat Pompeu Fabra, an Associate Researcher at CREI, and an Affiliated Professor at the Barcelona School of Economics. He is also a Research Affiliate of CEPR.

He earned a PhD in Economics from New York University and a Master in Economic Theory from Instituto Tecnológico Autónomo de México.

His research aims to understand how agents behave in environments with microeconomic frictions and the implications of their choices for macroeconomic outcomes. His work spans various topics, including firm’s pricing and investment behavior, monetary policy, international trade, and labor markets. His work includes the effectiveness of monetary policy when firms set prices under uncertainty; global uncertainty and its effects on international trade; business cycles driven by a mismatch between workers and their occupation; the role of human capital dynamics and self-insurance for labor market dynamics; and the propagation of aggregate shocks in economies with lumpy and irreversible investment.

Isaac’s work has been published in Econometrica, the Journal of Political Economy, the Economic Journal, the American Economic Journal: Macroeconomics, the Journal of International Economics, and the Review of Economic Dynamics. He has also been awarded several competitive grants, including the Marie Curie Individual Fellowship and a Starting ERC Grant from the European Commission, the British Academy Visiting Fellowship, and the “La Caixa” Research Grant on Socioeconomic Wellbeing.

He is the author of the book “The Data Economy: Tools and Applications,” written with Laura Veldkamp and published by Princeton University Press in 2025.  

Previously, he was an economic advisor at the Mexican Ministries of Economics and Finance, where he designed and implemented policies to expand access to financial markets.

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