Recent Publications

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

"The Global Financial Resource Curse"


Forthcoming in American Economic Review, 2024

Handbook of Fiscal Federalism: Comparative Experiences and Challenges, Palgrave Macmillan, 2023. Forum of Federations, Ottawa, Canada.

L. Althoff and H. Reichardt,

"Jim Crow and Black Economic Progress After Slavery"


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

Handbook of Fiscal Federalism: Comparative Experiences and Challenges, Palgrave Macmillan, 2023. Forum of Federations, Ottawa, Canada.

Galí, J. and D. Debortoli,

"Idiosyncratic Income Risk and Aggregate Fluctuations"


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

Handbook of Fiscal Federalism: Comparative Experiences and Challenges, Palgrave Macmillan, 2023. Forum of Federations, Ottawa, Canada.

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"


Forthcoming in Journal of the European Economic Association, 2024

Handbook of Fiscal Federalism: Comparative Experiences and Challenges, Palgrave Macmillan, 2023. Forum of Federations, Ottawa, Canada.

Asriyan, V. and V. Vanasco,

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


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

Handbook of Fiscal Federalism: Comparative Experiences and Challenges, Palgrave Macmillan, 2023. Forum of Federations, Ottawa, Canada.

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

Handbook of Fiscal Federalism: Comparative Experiences and Challenges, Palgrave Macmillan, 2023. Forum of Federations, Ottawa, Canada.

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

"All Aboard: The Effects of Port Development"


Forthcoming in Journal of International Economics, 2024

Handbook of Fiscal Federalism: Comparative Experiences and Challenges, Palgrave Macmillan, 2023. Forum of Federations, Ottawa, Canada.

Galí, J., R. Billi and A. Nakov,

"Optimal Monetary Policy with r*< 0"


Journal of Monetary Economics, 2024, 142, article 103518

Handbook of Fiscal Federalism: Comparative Experiences and Challenges, Palgrave Macmillan, 2023. Forum of Federations, Ottawa, Canada.

Jeenas, P. and R. Lagos,

"Q-Monetary Transmission"


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

Handbook of Fiscal Federalism: Comparative Experiences and Challenges, Palgrave Macmillan, 2023. Forum of Federations, Ottawa, Canada.

J. Díaz-Saavedra, R. Marimon and J. Brogueira de Sousa,

"A Worker’s Backpack as Alternative to the Spanish PAYG Pension System"


Journal of the European Economic Association, 2023, 21 (5), 1944-1993

Handbook of Fiscal Federalism: Comparative Experiences and Challenges, Palgrave Macmillan, 2023. Forum of Federations, Ottawa, Canada.

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