Recent Publications

Martin, A.,

"Comments on “Financial Repression and the Currency Market under Sanctions” by O. Itskhoki and D. Mukhin"


Forthcoming in Economic Policy, 2026

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

Fornaro, L. and F. Romei,

"Monetary Cooperation during Global Inflation Surges"


American Economic Review, 2026, 116 (1), 164-188

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

Debortoli, D., M. Forni, L. Gambetti and L. Sala,

"Nonlinear Monetary Policy Tradeoffs"


Forthcoming in The Economic Journal, 2025

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

Fornaro, L.,

"Fiscal Stimulus with Supply Constraints"


Forthcoming in IMF Economic Review, 2025

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

Mathieu Taschereau-Dumouchel and E. Schaal,

"Coordinating Business Cycles"


Journal of Monetary Economics, 2025, 155, article 103829

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

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"


2025, 378–389

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

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