She is Chief Economist of the European Bank for Reconstruction and Development (EBRD) in London. She is on leave from the University of Oxford, where she holds a Statutory Professorship in Economics. She is a Director of the International Trade Programme at the Centre for Economic Policy Research in London. Before taking up her position at Oxford University, she worked at the World Bank in Washington DC. She holds a Ph.D. in Economics from Yale and a B.A. in Economics (Summa cum Laude) from the University of Rochester.