Jesus Fernandez-Villaverde

Professor of Economics

Director of Graduate Studies

Professor Fernandez-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, Fernandez-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.