Thomas Drechsel is a macroeconomist, Assistant Professor at the Economics Department of the University of Maryland, and Research Affiliate at the CEPR. His research focuses on credit frictions, the effects of income inequality on firms, various aspects of monetary policy, the role of commodities for emerging market economies, as well as real-time monitoring of economic activity. His work has been published in the American Economic Journal: Macroeconomics, the Journal of Monetary Economics, the Journal of Finance, the Journal of International Economics and the Review of Economics and Statistics. Thomas is a German national and holds a PhD from the London School of Economics and Political Science.