SMU Associate Professor of Economics Nicolas Jacquet is a theoretical economist who investigates the forces at work in asset and labour markets. While he writes primarily for an academic audience, his work impacts the way that applied economists and policymakers deal with economic problems. Associate Prof Jacquet is currently studying the liquidity of assets, which is the ability to convert an asset into cash quickly. Another research area that he studies is the mobility of workers from one job to another. Here, he uses standard techniques to model labour markets and search frictions in order to look at how the enforceability of labour contracts influences decisions to change jobs. “If you already have a job, you would know quite well how good a match it is for you, compared to a job that is newly offered to you,” he said.