Jesse Schreger

Very excited about this special issue of the Journal of International Economics on Geoeconomics. Submission deadline September 15, Conference at Stanford February 2026. Hoping to include papers across a number of fields!

Given how far modern macro has moved from these ideas, applying/integrating/adapting these ideas in economics is an important endeavor. I'm hoping it is done while fully acknowledging and appreciating the work in political science it's building on.

Thanks a lot! I agree with you completely on the "rediscovery" problem in economics. In this case, I'm a bit more optimistic. Given the way the world is going, it seems like many of the IPE classics you referenced are essential to doing "standard" international macro.

I think the "Geoeconomics" agenda is about improving our understanding by integrating the insights of IPE with macroeconomics, international economics and other subfields of economics. We can debate if this constitutes a "new age" but I really think it's something new and important.

However, the absence of the these forces in economics has been a major shortcoming of econ research. Integrating these forces into economics theory and using these frameworks to guide empirical research has the opportunity for huge progress. And I don't think this has to end as a subfield of IPE.

Economist here working on geoeconomics. I can assure you we didn't forget the field of IPE. We actually highlight the disappearance of these ideas in Economics and make clear they were always in Political Science. This is the comparative citations to Hirschman's National Power by field.

Geoeconomic Monitor — The Global Capital Allocation Project

And this by @mmaggiori.bsky.social is just wildly impressive - use LLMs to parse earnings calls and figure out what kinds of economic coercion businesses are worried about - www.globalcapitalallocation.com/geoeconomic-...

New at JIE: "Got milk? The effect of export price shocks on exchange rates", by Hillary Stein

doi.org/10.1016/j.ji...

New paper on "Geoeconomic Pressure" leverages LLMs to measure the effect of tariffs, export controls, and sanction on firms worldwide". We find a massive increase in 2025 Q1 in tariffs (thread follows)

Co-Director @jesseschreger.bsky.social speaks to Economic Times on US & China geoeconomic relations.

Read the article: shorturl.at/2iD7R

New GCAP paper “Putting Economics Back Into Geoeconomics” in @financialtimes.com article by Gillian Tett.

By @chris-d-clayton.bsky.social @mmaggiori.bsky.social @jesseschreger.bsky.social

Article: shorturl.at/F85P3
Paper: shorturl.at/rAfvV
GCAP research: globalcapitalallocation.com/research

AND tariffs should have caused an appreciation.

Data: S&P from CRSP, broad dollar from Fred, USD today is WSJ Dollar index. I'm sure things moved a bit since I made this...

Looks like the world is losing faith in the dollar as the global safe asset in real-time. USD as global safe haven means when markets panic, dollar appreciates. Not today, with dollar down stock market plunging. This graph is all daily stock market changes and currency moves. Today's a big outlier.

Congratulations! It’s been so great to see the fantastic work you’ve produced during your PhD, and I’m so happy you’re joining the outstanding group at NYU Stern!

@financialtimes.com article by Gillian Tett on how smaller countries diversify to hedge against large geoeconomic powers cites GCAP’s work on economic coercion.

Read our brief on economic coercion, by Christopher Clayton, @mmaggiori.bsky.social, and @jesseschreger.bsky.social:

shorturl.at/kvXac

@jesseschreger.bsky.social and I are organizing the

International Economics and Geopolitics meeting at NBER Summer Institute

See call for submission below

submit at:
www.nber.org/confsubmit/b... by 11:59 pm (EST) on March 20, 2025.

Dollar dominance means tariffs are not the only game in town America’s grip on global financial services could provide Trump with another source of leverage

@financialtimes.com article today examines how U.S. leverage goes beyond tariffs to its financial power, using our results that the U.S.-led coalition controls 80-90% of global financial services.

Full article: shorturl.at/lsmuG
Non-technical brief on our findings: shorturl.at/TckUS

🚨 A paper for those interested in the intersection of trade and political economy

So happy 🥳

New @nberpubs.bsky.social working paper “A Theory of Economic Coercion and Fragmentation” on economic security.

By Christopher Clayton, @mmaggiori.bsky.social and @jesseschreger.bsky.social

Read here: shorturl.at/mAKVL
Video presentation: shorturl.at/evt5b

Our end-of-year newsletter is out! GCAP's latest research on economic coercion and currency competition, event recaps from our Big-Data Initiative and Annual Conference, new resources, and more.

Read the newsletter: shorturl.at/EZM17

Subscribe: shorturl.at/qU0Ia