Geoeconomics is Back! With Jesús Fernández-Villaverde

This talk offers a survey of the current state of Geoeconomics, the field that examines the strategic interplay between Economic Policy and Geopolitical Power.

As the post–Cold War era of liberal globalisation gives way to a more fragmented and contested global order, Geoeconomics has re-emerged as a useful tool for understanding international relations. With the return of great-power rivalry, economic instruments have moved to the forefront of statecraft. Tariffs, sanctions, investment screening, export controls, subsidies, and the reconfiguration of supply chains are now deployed not merely to enhance efficiency, but to project power, secure strategic autonomy, and shape global outcomes.
This talk will explore how states use these tools today and how they might use them more effectively. In addition to reviewing current policy approaches, it will examine the empirical and analytical foundations of geoeconomics, its historical lineage, and the ways in which we need to adapt some of our economic models.

This lecture will be followed by a discussion joined by Professor Tony Venables, and moderated by Professor Francesco Zanetti.

Friday, 30 May 2025, 1:30pm - 3:00pm
Join us in-person or online

Lecture Theatre, Manor Road Building, OX1 3UQ
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About the speaker

 

Jesús Fernández-Villaverde 

Howard Marks Presidential Professor of Economics, University of Pennsylvania
Director of the Penn Initiative for the Study of the Markets
Co-Director of the The Business, Economic, and Financial History Project
University of Pennsylvania

Professor Jesús Fernández-Villaverde is a Research Associate for the National Bureau of Economic Research (NBER) and Penn's Population Studies Center, and a Research Affiliate for the Centre for Economic Policy Research. His research agenda is in macroeconomics and econometrics, with a focus on the computation and estimation of dynamic stochastic general equilibrium (DSGE) models.

His research agenda focuses on the computation and estimation of dynamic stochastic general equilibrium (DSGE) models; the standard tool of modern quantitative macroeconomics. In particular, Jesús Fernández-Villaverde’s research has focused on how to evaluate the likelihood on non-linear and/or non-normal DSGE models and in exploring situations where those features are important to account for the data. His two most recent papers are examples of this line: an evaluation of the effects of fiscal uncertainty on economic activity, a study of asset pricing implications of DSGE models with Epstein-Zin preferences, and an investigation of the consequences of stochastic volatility for small open economies.

 

 

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