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Scott R. Baker

Assistant Professor of Finance, Northwestern University

Scott Ross Baker is an Assistant Professor of Finance. His research is concentrated in empirical finance and macroeconomics. He is currently engaged in a variety of research projects regarding household finance, the effects of policy uncertainty on financial markets and growth, as well as the effects of unemployment benefits on job search intensity. Recent work examines the impact of household leverage and credit constraints in driving sensitivity to both income and asset shocks during the Great Recession.

Scott joined the Finance Department at Northwestern's Kellogg School of Management in July 2014. Scott was born and raised in San Diego, California and received B.A.'s in Economics and Political Science from the University of California, Berkeley in 2007. He received a Ph.D. in Economics from Stanford University in June 2014.

How much does a government shutdown hurt the economy?

Mar 06, 2024 03:48 am UTC| Insights & Views Economy

When the U.S. government shuts down, the immediate and most visible impact is a rupture in its day-to-day operations. For example, many national museums and parks are closed, immigration hearings are postponed and the...

What's the economic impact of a government shutdown?

Dec 21, 2018 10:59 am UTC| Insights & Views Economy

President Donald Trump and Congress are once again on the verge of a partial federal government shutdown. If they fail to reach an agreement, it would be the third shutdown in two years. The immediate and most visible...

Will a federal government shutdown damage the US economy?

Jan 22, 2018 13:48 pm UTC| Insights & Views Economy

The federal government is on the brink of shutting down for the first time in a little more than four years after Republicans and Democrats appeared unable to agree on a last-minute deal to keep funds flowing for another...

Economy

Oil Prices Edge Up Amid Venezuela Sanctions and Auto Tariff Concerns

Oil prices inched higher on Thursday, supported by concerns over tighter global supply following the U.S. threat to impose tariffs on countries purchasing Venezuelan crude. Brent crude futures rose by 14 cents, or 0.2%, to...

Trump’s Proposed Port Fees Spark Backlash from U.S. Exporters and Energy Industry

President Donald Trumps administration faces growing criticism over its plan to impose steep feesup to $3 million per port callon China-built ships entering U.S. ports. Energy, agriculture, and shipping executives warned...

Trump’s Auto Tariffs Shake Global Trade Order, Drawing Rebuke from World Leaders

President Donald Trump has reignited global trade tensions by imposing a 25% tariff on imported cars and light trucks starting April 3, targeting vehicles not manufactured in the U.S. The move, rooted in a 2019 national...

Wall Street Slumps as Nvidia, Tesla Drop Amid Tariff Fears

U.S. stocks closed sharply lower Wednesday, led by steep losses in tech and auto stocks as investors grew wary ahead of a potential announcement on U.S. auto tariffs. President Donald Trump is expected to unveil reciprocal...

Global Stocks Slide as Tariff Fears Mount and Tech Leads U.S. Market Drop

Global stocks fell for the first time in three sessions on Wednesday as renewed tariff concerns weighed on investor sentiment. The U.S. dollar climbed, and Wall Street saw a sharp sell-off led by tech stocks, ahead of a...

Politics

Brazil’s Lula Slams Trump’s Tariffs, Vows WTO Action Amid Steel Trade Dispute

Brazilian President Luiz Inacio Lula da Silva has criticized U.S. President Donald Trumps latest wave of tariffs, warning they could harm the American economy and escalate global trade tensions. Speaking at a press...

Albanese Hints at May Election as Tax Cuts Aim to Boost Voter Support

Australian Prime Minister Anthony Albanese confirmed he will imminently call a national election, likely in May, as his center-left Labor government pushes new tax relief measures to regain voter support. With the country...

Appeals Court Blocks Trump’s $3 Trillion Federal Aid Freeze—for Now

A federal appeals court has upheld a lower court ruling that blocks President Donald Trumps attempt to freeze $3 trillion in federal grants, loans, and financial assistance. The U.S. Court of Appeals for the First Circuit,...

Trump Reignites Greenland Debate, Cites National Security Concerns

President Donald Trump has once again stirred controversy by asserting that the United States must pursue the annexation of Greenland to secure its national defense. Speaking to reporters on Wednesday, Trump stated, If we...

Leaked Signal Chat Exposes U.S. Yemen Strike Details, Sparks Security Concerns

A major security controversy has erupted after Defense Secretary Pete Hegseth reportedly texted sensitive details about a U.S. military operation in Yemen via Signal just hours before the strike. According to screenshots...

Science

What are the chances an asteroid will impact Earth in 2032?

For a few days in mid-February, headlines around the world buzzed about the potential for an asteroid to hit the Earth in 2032 specifically, asteroid 2024 YR4. The chance of this impact rose to a high of 3.1 per cent on...

A new study reveals the structure of violent winds 1,300 light years away

The planet WASP-121b is extreme. Its a gas giant almost twice as big as Jupiter orbiting extremely close to its star50 times closer than the Earth does around the Sun. WASP-121b is so close to its star that tidal forces...

What’s the shape of the universe? Mathematicians use topology to study the shape of the world and everything in it

When you look at your surrounding environment, it might seem like youre living on a flat plane. After all, this is why you can navigate a new city using a map: a flat piece of paper that represents all the places around...

Asteroid has a very small chance of hitting Earth in 2032, but a collision could devastate a city

In December 2024, astronomers in Chile spotted a new asteroid streaking through the sky, which they named 2024 YR4. Whats significant about this 100m-wide space rock is that it has a small chance of hitting Earth in 2023....

Leonardo da Vinci’s incredible studies of human anatomy still don’t get the recognition they deserve

Wikimedia, CC BY-SA The mere mention of Leonardo da Vinci evokes genius. We know him as a polymath whose interests spanned astronomy, geology, hydrology, engineering and physics. As a painter, his Mona Lisa and Last Supper...

Technology

SK Hynix Sees Chip Order Surge Ahead of Possible U.S. Tariffs, Eyes AI Memory Boom

SK Hynix, the worlds second-largest memory chipmaker, revealed that customers are rushing orders in anticipation of potential U.S. semiconductor tariffs. Speaking at the companys annual shareholder meeting, Lee Sang-rak,...

Former Intel CEO Pat Gelsinger Joins Playground Global to Drive Chip Innovation

Pat Gelsinger, former Intel (NASDAQ: INTC) CEO, has joined venture capital firm Playground Global as a general partner, marking a major move in the semiconductor and deep tech investment space. Alongside this role,...

SoftBank Eyes $25B Stake in OpenAI Amid $40B AI Funding Surge

OpenAI is reportedly nearing a massive $40 billion funding round led by Japans SoftBank Group, according to Bloomberg. The investment could make SoftBank the largest backer of the ChatGPT creator after Microsoft. The round...

Microsoft Cancels Major Data Center Leases, AI Stocks Tumble Amid Capacity Shift

Microsoft (NASDAQ:MSFT) has sparked fresh concerns in the AI sector after analysts at TD Cowen revealed the tech giant has canceled over 2GW of data center leases in the U.S. and Europe over the past six months. This move...

Anduril Eyes Global Expansion Amid Trump-Era Defense Shift and AI Partnership

Anduril Industries, the AI-powered defense tech startup founded by Palmer Luckeywho left Facebook following his support for Donald Trumpis optimistic about renewed momentum under a potential second Trump administration....