CREI – Centre de Recerca en Economia Internacional

Recent Publications

Fornaro, L. and F. Romei,

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

Forthcoming in 2025

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470

Read a non-technical summary on VoxEU

Read an entry on NY Fed’s blog Liberty Street Economics

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"

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

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470

Read a non-technical summary on VoxEU

Read an entry on NY Fed’s blog Liberty Street Economics

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

"Hegemony and International Alignment"

Forthcoming in American Economic Association: Papers & Proceedings, 2025

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470

Read a non-technical summary on VoxEU

Read an entry on NY Fed’s blog Liberty Street Economics

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

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470

Read a non-technical summary on VoxEU

Read an entry on NY Fed’s blog Liberty Street Economics

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

"The Global Financial Resource Curse"

American Economic Review, 2024, 115 (1), 220-262

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470

Read a non-technical summary on VoxEU

Read an entry on NY Fed’s blog Liberty Street Economics

L. Althoff and H. Reichardt,

"Jim Crow and Black Economic Progress After Slavery"

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

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470

Read a non-technical summary on VoxEU

Read an entry on NY Fed’s blog Liberty Street Economics

Galí, J. and D. Debortoli,

"Idiosyncratic Income Risk and Aggregate Fluctuations"

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

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470

Read a non-technical summary on VoxEU

Read an entry on NY Fed’s blog Liberty Street Economics

Nagy, D., C. Ducruet, R. Juhász and C. Steinwender,

"All Aboard: The Effects of Port Development"

Journal of International Economics, 2024, Volume 151, 103963

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470

Read a non-technical summary on VoxEU

Read an entry on NY Fed’s blog Liberty Street Economics

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

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

Forthcoming in The Review of Economic Studies, 2024

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470

Read a non-technical summary on VoxEU

Read an entry on NY Fed’s blog Liberty Street Economics

Baley, I., Lars Ljungqvist and Thomas J. Sargent,

"Returns to labour mobility"

The Economic Journal, 2024, 135, 430–454

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470

Read a non-technical summary on VoxEU

Read an entry on NY Fed’s blog Liberty Street Economics

Latest News

Giacomo Ponzetto: Guerres d’aranzels: què hi ha darrere la retòrica de Trump? (Interviewed by J. Graupera Ensems podcast)

17/04/2025

Jordi Galí: Trump vol els aranzels per obtenir guanys en camps que no son el comerc internacional (3cat)

07/04/2025

Jordi Galí: L'impacte dels aranzels de Trump a Europa, "Una escalada ens podria portar al desastre més absolut" (Rac1)

05/04/2025

Giacomo Ponzetto: "Trump pone aranceles para reducir el impuesto sobre la renta y que los ricos paguen menos" (Interviewed by S. del Arco, El Diario)

05/04/2025

Shortcuts

Upcoming Events

12 May

CREI-UPF Macroeconomics Seminar

Olivier Coibion (University of Texas, Austin)
“The Causal Effects of Inflation Uncertainty on Households’ Beliefs and Actions” (with D. Georgarakos, Y. Gorodnichenko, and G. Kenny)
Room: 24.112
19 May

CREI-UPF Macroeconomics Seminar

Chen Lian (UC, Berkeley)
“Why Do Workers Dislike Inflation? Wage Erosion and Conflict Costs” (with J. Guerreiro, J. Hazell, and C. Patterson)
Room: 24.112
26 May

CREI-UPF Macroeconomics Seminar

Alireza Tahbaz-Salehi (Kellogg, Northwestern University)
“Expectations and the Term Structure of Interest Rates” (with P. Molavi and A. Vedoli)
Room: 24.112

View full calendar

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Recent Publications

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

Forthcoming in 2025

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470 Read a non-technical summary on VoxEU Read an entry on NY Fed’s blog Liberty Street Economics

"Social Capital, Government Expenditures, and Growth"

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

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470 Read a non-technical summary on VoxEU Read an entry on NY Fed’s blog Liberty Street Economics

"Hegemony and International Alignment"

Forthcoming in American Economic Association: Papers & Proceedings, 2025

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470 Read a non-technical summary on VoxEU Read an entry on NY Fed’s blog Liberty Street Economics

"On the Optimal Design of a Financial Stability Fund"

Forthcoming in The Review of Economic Studies, 2025

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470 Read a non-technical summary on VoxEU Read an entry on NY Fed’s blog Liberty Street Economics

"The Global Financial Resource Curse"

American Economic Review, 2024, 115 (1), 220-262

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470 Read a non-technical summary on VoxEU Read an entry on NY Fed’s blog Liberty Street Economics

"Jim Crow and Black Economic Progress After Slavery"

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

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470 Read a non-technical summary on VoxEU Read an entry on NY Fed’s blog Liberty Street Economics

"Idiosyncratic Income Risk and Aggregate Fluctuations"

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

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470 Read a non-technical summary on VoxEU Read an entry on NY Fed’s blog Liberty Street Economics

"All Aboard: The Effects of Port Development"

Journal of International Economics, 2024, Volume 151, 103963

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470 Read a non-technical summary on VoxEU Read an entry on NY Fed’s blog Liberty Street Economics

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

Forthcoming in The Review of Economic Studies, 2024

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470 Read a non-technical summary on VoxEU Read an entry on NY Fed’s blog Liberty Street Economics

"Returns to labour mobility"

The Economic Journal, 2024, 135, 430–454

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470 Read a non-technical summary on VoxEU Read an entry on NY Fed’s blog Liberty Street Economics

Latest News

Giacomo Ponzetto: Guerres d’aranzels: què hi ha darrere la retòrica de Trump? (Interviewed by J. Graupera Ensems podcast)

Jordi Galí: Trump vol els aranzels per obtenir guanys en camps que no son el comerc internacional (3cat)

Jordi Galí: L'impacte dels aranzels de Trump a Europa, "Una escalada ens podria portar al desastre més absolut" (Rac1)

Giacomo Ponzetto: "Trump pone aranceles para reducir el impuesto sobre la renta y que los ricos paguen menos" (Interviewed by S. del Arco, El Diario)

Shortcuts

Upcoming Events

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Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470

Read a non-technical summary on VoxEU

Read an entry on NY Fed’s blog Liberty Street Economics

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470

Read a non-technical summary on VoxEU

Read an entry on NY Fed’s blog Liberty Street Economics

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470

Read a non-technical summary on VoxEU

Read an entry on NY Fed’s blog Liberty Street Economics

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470

Read a non-technical summary on VoxEU

Read an entry on NY Fed’s blog Liberty Street Economics

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470

Read a non-technical summary on VoxEU

Read an entry on NY Fed’s blog Liberty Street Economics

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470

Read a non-technical summary on VoxEU

Read an entry on NY Fed’s blog Liberty Street Economics

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470

Read a non-technical summary on VoxEU

Read an entry on NY Fed’s blog Liberty Street Economics

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470

Read a non-technical summary on VoxEU

Read an entry on NY Fed’s blog Liberty Street Economics

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470

Read a non-technical summary on VoxEU

Read an entry on NY Fed’s blog Liberty Street Economics

Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470

Read a non-technical summary on VoxEU

Read an entry on NY Fed’s blog Liberty Street Economics