Recent Publications

Galí, J., P. Andrade, H. Le Bihan and J. Matheron,

"Should the ECB Adjust its Strategy in the Face of a Lower r*?"


Forthcoming in Journal of Economic Dynamics and Control, 2021

Online Appendix

Read a non-technical summary on VoxEU

Published in American Economic Review, 109 (11), 2019, 3745-3779

Previously circulated as ‘Aggregate Demand Externalities in a Global Liquidity Trap’

Nagy, D.,

"Quantitative Economic Geography meets History: Questions, Answers and Challenges"


Forthcoming in Regional Science and Urban Economics, 2021

Online Appendix

Read a non-technical summary on VoxEU

Published in American Economic Review, 109 (11), 2019, 3745-3779

Previously circulated as ‘Aggregate Demand Externalities in a Global Liquidity Trap’

di Giovanni, J., S. Kalemi-Özcan, M. Ulu and Y.S. Baskaya,

"International Spillovers and Local Credit Cycles"


Forthcoming in The Review of Economic Studies, 2021

Online Appendix

Read a non-technical summary on VoxEU

Published in American Economic Review, 109 (11), 2019, 3745-3779

Previously circulated as ‘Aggregate Demand Externalities in a Global Liquidity Trap’

Schaal, E., P. Fajgelbaum, A. Khandelwal, W. Kim and C. Mantovani,

"Optimal Lockdown in a Commuting Network"


Forthcoming in American Economic Review: Insights, 2021

Online Appendix

Read a non-technical summary on VoxEU

Published in American Economic Review, 109 (11), 2019, 3745-3779

Previously circulated as ‘Aggregate Demand Externalities in a Global Liquidity Trap’

Asriyan, V., L. Laeven and A. Martin,

"Collateral Booms and Information Depletion"


Forthcoming in The Review of Economic Studies, 2021

Online Appendix

Read a non-technical summary on VoxEU

Published in American Economic Review, 109 (11), 2019, 3745-3779

Previously circulated as ‘Aggregate Demand Externalities in a Global Liquidity Trap’

Baley, I. and A. Blanco,

"Aggregate Dynamics in Lumpy Economies"


Forthcoming in Econometrica, 2021

Online Appendix

Read a non-technical summary on VoxEU

Published in American Economic Review, 109 (11), 2019, 3745-3779

Previously circulated as ‘Aggregate Demand Externalities in a Global Liquidity Trap’

García-Santana, M., J. Pijoan-Mas and L. Villacorta,

"Investment Demand and Structural Change"


Forthcoming in Econometrica, 2021

Online Appendix

Read a non-technical summary on VoxEU

Published in American Economic Review, 109 (11), 2019, 3745-3779

Previously circulated as ‘Aggregate Demand Externalities in a Global Liquidity Trap’

Rossi, B.,

"Forecasting in the Presence of Instabilities: How Do We Know Whether Models Predict Well and How to Improve Them"


Forthcoming in Journal of Economic Literature, 2021

Online Appendix

Read a non-technical summary on VoxEU

Published in American Economic Review, 109 (11), 2019, 3745-3779

Previously circulated as ‘Aggregate Demand Externalities in a Global Liquidity Trap’

Galí, J.,

"Uncovered Interest Parity, Forward Guidance and the Exchange Rate"


Journal of Money, Credit and Banking, 2021, 52(S2), 465-496

Online Appendix

Read a non-technical summary on VoxEU

Published in American Economic Review, 109 (11), 2019, 3745-3779

Previously circulated as ‘Aggregate Demand Externalities in a Global Liquidity Trap’

Martin, A., F. Broner, L. Pandolfi and T. Williams,

"Winners and Losers from Sovereign Debt Inflows"


Journal of International Economics, 2021, 130, article 103446

Online Appendix

Read a non-technical summary on VoxEU

Published in American Economic Review, 109 (11), 2019, 3745-3779

Previously circulated as ‘Aggregate Demand Externalities in a Global Liquidity Trap’

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