I am a macroeconomist studying how innovation, business dynamism and entrepreneurship shape productivity growth and employment. IAs a macroeconomist, I love seeing economics put to use. Combining empirical microdata analysis with structural macroeconomic modeling, I work with governments, public agencies and research institutions to help ground policy decisions in frontier economic research.

p.sedlacek@unsw.edu.au
petr.sedlacek@economics.ox.ac.uk

Consulting & Policy Appointments

2025–presentAustralian Treasury, Competition and Consumer Policy Division, Expert Advisor
Advisor in econometric analysis
2022–presente61 Institute, Senior Academic Fellow
Advice on research design and methodology
National R&D&I evaluation
EU Start-up Calculator: impact of COVID-19 on startups and employment
EU research and innovation policy
2018–2019CDC Group, the UK’s development finance institution, Consultant
Job creation and development

Policy Reports & Tools

Reigniting the Australian Growth Engine

with Rachel Lee | e61 Institute, October 2025

EU Start-up Calculator

Building on his research with Vincent Sterk, Petr developed an Online Calculator for the European Commission. You can access the Calculator for 23 European economies and the US economy

EU Start-up Calculator: Impact of COVID-19 on Aggregate Employment. Scenario for Austria, Belgium, Germany, Hungary, Italy and Spain

with Cristiana Benedetti Fasil and Vincent Sterk, JRC Technical Report, European Commission, 2020

EU Start-up Calculator: Impact of COVID-19 on Aggregate Employment. Scenario for Denmark, Estonia, Finland, France, Latvia, Lithuania, Portugal and Sweden

with Cristiana Benedetti Fasil and Vincent Sterk, JRC Technical Report, European Commission, 2020

EU Start-up Calculator: Impact of COVID-19 on Aggregate Employment. Scenario for Bulgaria, Croatia, Czech Republic, Luxembourg, Netherlands, Poland, Romania, Slovakia and Slovenia

with Cristiana Benedetti Fasil and Vincent Sterk, JRC Technical Report, European Commission, 2020

How Job Creation Fits into the Broader Development Challenge

with Paddy Carter, Insight research paper, CDC Group, September 2019

Startups and Young Firms in the Economy

in New Entrepreneurial Growth Agenda, Section 3, Kauffman Foundation, February 2016

Research in Brief

Is There an Economic Case for Supporting Voluntary Unemployment?

BusinessThink, UNSW, 1 April 2025

Between 15% and 35% of people who leave a job do so voluntarily, and excluding them from unemployment insurance may weaken job matching across the labor market as a whole.

This Start-up Calculator Can Predict the Employment Impact of Recessions

BusinessThink, UNSW, 21 November 2022

A short-lived collapse in the number of new businesses can depress employment for more than a decade, and this tool puts numbers on it country by country.

The Macroeconomic Footprint of the Elons

VoxEU, 5 November 2021

Serial entrepreneurs run a small share of businesses but account for a disproportionate share of job creation and productivity growth.

Demand-Driven Growth

VoxEU, 2 July 2021

Firms have to win customers before they can profit from innovating, which makes market size — not productivity alone — a driver of which businesses grow and how fast the economy does.

Is There a Jobs Vaccine?

Public Finance, March/April 2021

Pandemic support required a business to already exist, so it bypassed the startups that create most new jobs — leaving a dent in employment that may not close until 2030.

A Start-up Employment Calculator for COVID-19

VoxEU, 2020

Almost half of the long-run employment cost of the pandemic comes from the high-growth firms — “gazelles” — that were never founded during it.

Stable Genius: Estimating the ‘Trump Effect’ on the US Economy

VoxEU, 18 July 2018

Building a synthetic “doppelganger” US economy from other countries lets us ask how much of the post-2016 expansion Trump actually caused — and finds little evidence of an effect.

Disappearing Gazelles: New Evidence from Administrative Data

VoxEU, 11 May 2018

Most of the gap between startups that take off and startups that stall is already set at founding, and the high-growth ones have been disappearing since the mid-1980s.

£300 Million a Week: The Output Cost of the Brexit Vote

VoxEU

The referendum result alone cost the UK around 2% of output, mostly because households and firms revised down what they expected the economy to do.

Policy-Relevant Research

Firm Heterogeneity and the Aggregate Effects of Innovation Policy

with Marek Ignaszak and Daniel Robbins | 2026

Startups and Employment Following the COVID Pandemic: A Calculator

with Cristiana Benedetti Fasil and Vincent Sterk, ECONOMIC POLICY | 2022

The Macroeconomic Impact of Trump

with Benjamin Born, Gernot Mueller and Moritz Schularick, POLICY STUDIES | 2021

The Costs of Economic Nationalism: Evidence from the Brexit Experiment

with Benjamin Born, Gernot Mueller and Moritz Schularick, ECONOMIC JOURNAL | 2019

Reviving American Entrepreneurship? Tax Reform and Business Dynamism

with Vincent Sterk, JOURNAL OF MONETARY ECONOMICS | 2019