Joonkyu Choi is an economist and former PhD Student Affiliate at the Snider Center. His research interests are in the areas of macroeconomics, firm dynamics, and entrepreneurship. In a recent project, Joonkyu studied how better fallback options against business failure allow entrepreneurs to take larger business risks. He has also studied how corporate lobbying affects resource allocation and job creation in the aggregate economy. Joonkyu received the Dissertation Fellowship from Ewing Kauffman Foundation in 2016 and the Ann G. Wylie dissertation fellowship from the University of Maryland in 2017. He started working at the Federal Reserve Board in 2018, although he participates as an Affiliated Researcher in his personal capacity, any views expressed in this capacity do not necessarily reflect the views of the Board or the United States government.