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

in G. Castex, J. Gali and D. Saravia (eds.) Changing Inflation Dynamics, Evolving Monetary Policy, Central Bank of Chile

Debortoli, D. and J. Galí,

"Heterogeneity and Aggregate Fluctuations: Insights from TANK Models"


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

in G. Castex, J. Gali and D. Saravia (eds.) Changing Inflation Dynamics, Evolving Monetary Policy, Central Bank of Chile

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

in G. Castex, J. Gali and D. Saravia (eds.) Changing Inflation Dynamics, Evolving Monetary Policy, Central Bank of Chile

Fornaro, L. and F. Romei,

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


Forthcoming in 2025

in G. Castex, J. Gali and D. Saravia (eds.) Changing Inflation Dynamics, Evolving Monetary Policy, Central Bank of Chile

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"


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

in G. Castex, J. Gali and D. Saravia (eds.) Changing Inflation Dynamics, Evolving Monetary Policy, Central Bank of Chile

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

in G. Castex, J. Gali and D. Saravia (eds.) Changing Inflation Dynamics, Evolving Monetary Policy, Central Bank of Chile

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

"The Global Financial Resource Curse"


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

in G. Castex, J. Gali and D. Saravia (eds.) Changing Inflation Dynamics, Evolving Monetary Policy, Central Bank of Chile

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

in G. Castex, J. Gali and D. Saravia (eds.) Changing Inflation Dynamics, Evolving Monetary Policy, Central Bank of Chile

L. Althoff and H. Reichardt,

"Jim Crow and Black Economic Progress After Slavery"


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

in G. Castex, J. Gali and D. Saravia (eds.) Changing Inflation Dynamics, Evolving Monetary Policy, Central Bank of Chile

Galí, J. and D. Debortoli,

"Idiosyncratic Income Risk and Aggregate Fluctuations"


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

in G. Castex, J. Gali and D. Saravia (eds.) Changing Inflation Dynamics, Evolving Monetary Policy, Central Bank of Chile

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