Recent Publications

F. Boissay, F. Collard, J. Galí and C. Manea,

"Monetary Policy and Endogenous Financial Crises"


Forthcoming in The Review of Economic Studies, 2025

revised October 2016

Published in Journal of the European Economic Association, 16 (4), 2018, 1021-1068.

Debortoli, D. and J. Galí,

"Heterogeneity and Aggregate Fluctuations: Insights from TANK Models"


NBER Macroeconomics Annual, 2025, 39 (1), 307-357

revised October 2016

Published in Journal of the European Economic Association, 16 (4), 2018, 1021-1068.

Asriyan, V., L. Laeven, A. Martin, A. Van der Ghote and V. Vanasco,

"Falling Interest Rates and Credit Reallocation: Lessons from General Equilibrium"


The Review of Economic Studies, 2025, 92 (4), 2197-2227

revised October 2016

Published in Journal of the European Economic Association, 16 (4), 2018, 1021-1068.

Fornaro, L. and F. Romei,

"An International Perspective on Inflation during the Covid-19 Recovery"


Forthcoming in 2025

revised October 2016

Published in Journal of the European Economic Association, 16 (4), 2018, 1021-1068.

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"


Journal of the European Economic Association, 2025, 23 (2), 632-681

revised October 2016

Published in Journal of the European Economic Association, 16 (4), 2018, 1021-1068.

Broner, F., A. Martin, C. Trebesch, J. Meyer and J. Zhou Wu,

"Hegemony and International Alignment"


American Economic Association: Papers & Proceedings, 2025, 115, 593-598

revised October 2016

Published in Journal of the European Economic Association, 16 (4), 2018, 1021-1068.

G. Benigno, L. Fornaro and M. Wolf,

"The Global Financial Resource Curse"


American Economic Review, 2025, 115 (1), 220-262

revised October 2016

Published in Journal of the European Economic Association, 16 (4), 2018, 1021-1068.

A. Abraham, E. Cárceles, R. Marimon and Y. Liu,

"On the Optimal Design of a Financial Stability Fund"


Forthcoming in The Review of Economic Studies, 2025

revised October 2016

Published in Journal of the European Economic Association, 16 (4), 2018, 1021-1068.

L. Althoff and H. Reichardt,

"Jim Crow and Black Economic Progress After Slavery"


Quarterly Journal of Economics, 2024, 139 (4), 2279-2330

revised October 2016

Published in Journal of the European Economic Association, 16 (4), 2018, 1021-1068.

Galí, J. and D. Debortoli,

"Idiosyncratic Income Risk and Aggregate Fluctuations"


American Economic Journal: Macroeconomics, 2024, 16(4), 279–310

revised October 2016

Published in Journal of the European Economic Association, 16 (4), 2018, 1021-1068.

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