Recent Publications

Fornaro, L. and F. Romei,

"Monetary Cooperation during Global Inflation Surges"


Forthcoming in American Economic Review, 2025

Previously “Growth and Trade in a World of Cities” and “All Aboard: The Aggregate Effects of Port Development”

VoxDev

Published in Journal of International Economics, Volume 151, 103963, 2024

Fornaro, L.,

"Fiscal Stimulus with Supply Constraints"


Forthcoming in IMF Economic Review, 2025

Previously “Growth and Trade in a World of Cities” and “All Aboard: The Aggregate Effects of Port Development”

VoxDev

Published in Journal of International Economics, Volume 151, 103963, 2024

Mathieu Taschereau-Dumouchel and E. Schaal,

"Coordinating Business Cycles"


Journal of Monetary Economics, 2025, article 103829

Previously “Growth and Trade in a World of Cities” and “All Aboard: The Aggregate Effects of Port Development”

VoxDev

Published in Journal of International Economics, Volume 151, 103963, 2024

F. Boissay, F. Collard, J. Galí and C. Manea,

"Monetary Policy and Endogenous Financial Crises"


Forthcoming in The Review of Economic Studies, 2025

Previously “Growth and Trade in a World of Cities” and “All Aboard: The Aggregate Effects of Port Development”

VoxDev

Published in Journal of International Economics, Volume 151, 103963, 2024

Debortoli, D. and J. Galí,

"Heterogeneity and Aggregate Fluctuations: Insights from TANK Models"


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

Previously “Growth and Trade in a World of Cities” and “All Aboard: The Aggregate Effects of Port Development”

VoxDev

Published in Journal of International Economics, Volume 151, 103963, 2024

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

Previously “Growth and Trade in a World of Cities” and “All Aboard: The Aggregate Effects of Port Development”

VoxDev

Published in Journal of International Economics, Volume 151, 103963, 2024

Fornaro, L. and F. Romei,

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


2025, 378–389

Previously “Growth and Trade in a World of Cities” and “All Aboard: The Aggregate Effects of Port Development”

VoxDev

Published in Journal of International Economics, Volume 151, 103963, 2024

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"


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

Previously “Growth and Trade in a World of Cities” and “All Aboard: The Aggregate Effects of Port Development”

VoxDev

Published in Journal of International Economics, Volume 151, 103963, 2024

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

Previously “Growth and Trade in a World of Cities” and “All Aboard: The Aggregate Effects of Port Development”

VoxDev

Published in Journal of International Economics, Volume 151, 103963, 2024

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

"The Global Financial Resource Curse"


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

Previously “Growth and Trade in a World of Cities” and “All Aboard: The Aggregate Effects of Port Development”

VoxDev

Published in Journal of International Economics, Volume 151, 103963, 2024

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