Veronika Penciakova is a research economist and assistant adviser on the macroeconomics and monetary policy team in the Research Department at the Federal Reserve Bank of Atlanta. Her major field of study is macroeconomics with a focus on firm dynamics, financial frictions, and innovation.
Prior to joining the bank in 2019, Dr. Penciakova was a pathways intern at the U.S. Census Bureau and research assistant and instructor at the University of Maryland while pursuing her graduate degree.
Dr. Penciakova received her PhD in economics from the University of Maryland, her master's degree in development studies from the London School of Economics and Political Science, and her bachelor's degrees in economics and international affairs from George Washington University.
SME Failures under Large Liquidity Shocks: An Application to the COVID-19 Crisis
Pierre Olivier Gourinchas, Şebnem Kalemli-Özcan, Veronika Penciakova, and Nick Sander
December 2020 (Revised August 2023)
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"Synergizing Ventures" (with Ufuk Akcigit, Emin Dinlersoz, and Jeremy Greenwood). Journal of Economic Dynamics and Control, 2022, 143, 104427.
"COVID-19 and Small- and Medium-Sized Enterprises: A 2021 "Time Bomb"? (with Pierre-Olivier Gournichas, Sebnem Kalemli-Ozcan, and Nick Sander). AEA Papers and Proceedings, 2021, 111: 282–86."Business Formation: A Tale of Two Recessions" (with Emin Dinlersoz, Timothy Dunne, and John Haltiwanger). AEA Papers and Proceedings, 2021, 111: 253–57.
Salome Baslandze, Camelia Minoiu, Veronika Penciakova, and Jonathan L. Willis. "Do Credit Supply Shocks Constrain Employment Growth of Small and Medium-Sized Enterprises?." Policy Hub (2023-5).
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Salome Baslandze, Simon Fuchs, Indrajit Mitra, and Veronika Penciakova. "The Atlanta Fed's Early Career Visitor Program Workshop: A Synopsis," Policy Hub: Macroblog. October 20, 2022.
Veronika Penciakova. ""They're Really Punching above Their Own Weight": Venture Capital and Firm Growth." Economy Matters podcast. November 19, 2019.