Recent Publications

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

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

The Review of Economic Studies, 89 (4), 2022, 1911-1947.

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

"The Global Financial Resource Curse"


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

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

The Review of Economic Studies, 89 (4), 2022, 1911-1947.

L. Althoff and H. Reichardt,

"Jim Crow and Black Economic Progress After Slavery"


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

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

The Review of Economic Studies, 89 (4), 2022, 1911-1947.

Galí, J. and D. Debortoli,

"Idiosyncratic Income Risk and Aggregate Fluctuations"


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

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

The Review of Economic Studies, 89 (4), 2022, 1911-1947.

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"


Forthcoming in Journal of the European Economic Association, 2024

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

The Review of Economic Studies, 89 (4), 2022, 1911-1947.

Asriyan, V. and V. Vanasco,

"Security Design in Non-Exclusive Markets with Asymmetric Information"


The Review of Economic Studies, 2024, 91/2, 690–719

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

The Review of Economic Studies, 89 (4), 2022, 1911-1947.

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

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

The Review of Economic Studies, 89 (4), 2022, 1911-1947.

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

"All Aboard: The Effects of Port Development"


Forthcoming in Journal of International Economics, 2024

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

The Review of Economic Studies, 89 (4), 2022, 1911-1947.

Galí, J., R. Billi and A. Nakov,

"Optimal Monetary Policy with r*< 0"


Journal of Monetary Economics, 2024, 142, article 103518

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

The Review of Economic Studies, 89 (4), 2022, 1911-1947.

Jeenas, P. and R. Lagos,

"Q-Monetary Transmission"


Journal of Political Economy, 2024, 132 (3), 971-1012

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

The Review of Economic Studies, 89 (4), 2022, 1911-1947.

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