About Angela
Economist Researching Zombie Firms, AI, and Financial Fragility
Some companies never really die. They keep operating, paying wages, filing reports — but they're not truly alive either. Propped up by cheap credit and low interest rates, they can't grow, invest, or compete. Economists call them zombie companies. And once you start seeing them, you can't stop noticing what they reveal about the hidden fragility inside our economies.
I first encountered the concept during my PhD, before it entered the mainstream economic debate. Reading early research, something clicked — and it set the direction of my research for years to come. Not just zombie firms themselves, but the bigger questions they point to: how monetary policy shapes the fate of businesses, how credit flows (or doesn't), how AI impacts such companies and entire economies.
That curiosity, about the real-world mechanics of the economy, has taken me from doctoral research in Germany to the OECD in Paris, from postdoctoral work at the University of Bern and Carnegie Mellon's Tepper School of Business to equity research at UBS in New York, and now to my current role at UBS Switzerland.
Along the way, I've spoken at international economics and finance conferences, presented at central banks, universities, think tanks, and international organizations, and I've been featured on Bloomberg TV's Wall Street Week. My work has been published in academic journals and covered by outlets ranging from the Financier Worldwide Magazine, Duke Financial Economics Center, the Frankfurter Allgemeine Zeitung, ifo Institute, Il Sole 24 Ore, and MIT Golub Center.
What drives me is a simple conviction: economics shouldn't stay locked inside academic papers. If you're curious about the forces quietly shaping our financial lives — explained clearly and with the data to back it up — you're in the right place. Subscribe to my free Newsletter, and let's make sense of it together.