CREI – Centre de Recerca en Economia Internacional

Recent Publications

Fornaro, L. and F. Romei,

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

Forthcoming in 2025

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice.
Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"

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

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice.
Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

Broner, F., A. Martin, C. Trebesch, J. Meyer and J. Zhou Wu,

"Hegemony and International Alignment"

Forthcoming in American Economic Association: Papers & Proceedings, 2025

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice.
Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

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

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice.
Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

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

"The Global Financial Resource Curse"

American Economic Review, 2024, 115 (1), 220-262

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice.
Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

L. Althoff and H. Reichardt,

"Jim Crow and Black Economic Progress After Slavery"

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

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice.
Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

Galí, J. and D. Debortoli,

"Idiosyncratic Income Risk and Aggregate Fluctuations"

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

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice.
Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

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

"All Aboard: The Effects of Port Development"

Journal of International Economics, 2024, Volume 151, 103963

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice.
Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

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

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice.
Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

Baley, I., Lars Ljungqvist and Thomas J. Sargent,

"Returns to labour mobility"

The Economic Journal, 2024, 135, 430–454

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice.
Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

Latest News

Jordi Galí: Trump vol els aranzels per obtenir guanys en camps que no son el comerc internacional (3cat)

07/04/2025

Jordi Galí: L'impacte dels aranzels de Trump a Europa, "Una escalada ens podria portar al desastre més absolut" (Rac1)

05/04/2025

Giacomo Ponzetto: "Trump pone aranceles para reducir el impuesto sobre la renta y que los ricos paguen menos" (Interviewed by S. del Arco, El Diario)

05/04/2025

Giacomo Ponzetto: "Els aranzels anunciats per Donald Trump i la seva repercussió a casa nostra" (Interviewed by R. Escapa, El Suplement, Catalunya Ràdio)

05/04/2025

Shortcuts

Upcoming Events

28 Apr

CREI-UPF Macroeconomics Seminar

Alp Simsek (Yale University)
“Financial Conditions Targeting” (with R. Caballero and Tomás Caravello)
Room: 24.112
05 May

CREI-UPF Macroeconomics Seminar

Job Boerma (UW Madison)
”Composite Sorting” (with A. Tsyvinski, R. Wang and Z. Zhang)
Room: 24.S05
12 May

CREI-UPF Macroeconomics Seminar

Olivier Coibion (University of Texas, Austin)
TBC
Room: 24.112

View full calendar

Cookie	Duration	Description
_hjAbsoluteSessionInProgress	1 hour	Hotjar sets this cookie to detect a user's first pageview session, which is a True/False flag set by the cookie.
li_gc	6 months	Linkedin set this cookie for storing visitor's consent regarding using cookies for non-essential purposes.
lidc	1 day	LinkedIn sets the lidc cookie to facilitate data center selection.
UserMatchHistory	1 month	LinkedIn sets this cookie for LinkedIn Ads ID syncing.

Cookie	Duration	Description
_gat	1 minute	Google Universal Analytics sets this cookie to restrain request rate and thus limit data collection on high-traffic sites.
AWSALB	7 days	AWSALB is an application load balancer cookie set by Amazon Web Services to map the session to the target.

Cookie	Duration	Description
_ga	1 year 1 month 4 days	Google Analytics sets this cookie to calculate visitor, session and campaign data and track site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognise unique visitors.
_gid	1 day	Google Analytics sets this cookie to store information on how visitors use a website while also creating an analytics report of the website's performance. Some of the collected data includes the number of visitors, their source, and the pages they visit anonymously.
_hjFirstSeen	1 hour	Hotjar sets this cookie to identify a new user’s first session. It stores the true/false value, indicating whether it was the first time Hotjar saw this user.
_hjSession_*	1 hour	Hotjar sets this cookie to ensure data from subsequent visits to the same site is attributed to the same user ID, which persists in the Hotjar User ID, which is unique to that site.
_hjSessionUser_*	1 year	Hotjar sets this cookie to ensure data from subsequent visits to the same site is attributed to the same user ID, which persists in the Hotjar User ID, which is unique to that site.
AnalyticsSyncHistory	1 month	Linkedin set this cookie to store information about the time a sync took place with the lms_analytics cookie.

Cookie	Duration	Description
bcookie	1 year	LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser IDs.
bscookie	1 year	LinkedIn sets this cookie to store performed actions on the website.
li_sugr	3 months	LinkedIn sets this cookie to collect user behaviour data to optimise the website and make advertisements on the website more relevant.
test_cookie	15 minutes	doubleclick.net sets this cookie to determine if the user's browser supports cookies.

Cookie	Duration	Description
_hjIncludedInSessionSample_3062403	1 hour	Description is currently not available.
dbpb5zDmgTrLAA1Q6g@@	1 year 1 month 4 days	Description is currently not available.

Recent Publications

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

Forthcoming in 2025

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice. Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

"Social Capital, Government Expenditures, and Growth"

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

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice. Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

"Hegemony and International Alignment"

Forthcoming in American Economic Association: Papers & Proceedings, 2025

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice. Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

"On the Optimal Design of a Financial Stability Fund"

Forthcoming in The Review of Economic Studies, 2025

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice. Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

"The Global Financial Resource Curse"

American Economic Review, 2024, 115 (1), 220-262

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice. Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

"Jim Crow and Black Economic Progress After Slavery"

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

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice. Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

"Idiosyncratic Income Risk and Aggregate Fluctuations"

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

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice. Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

"All Aboard: The Effects of Port Development"

Journal of International Economics, 2024, Volume 151, 103963

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice. Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

"Falling Interest Rates and Credit Reallocation: Lessons from General Equilibrium"

Forthcoming in The Review of Economic Studies, 2024

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice. Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

"Returns to labour mobility"

The Economic Journal, 2024, 135, 430–454

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice. Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

Latest News

Jordi Galí: Trump vol els aranzels per obtenir guanys en camps que no son el comerc internacional (3cat)

Jordi Galí: L'impacte dels aranzels de Trump a Europa, "Una escalada ens podria portar al desastre més absolut" (Rac1)

Giacomo Ponzetto: "Trump pone aranceles para reducir el impuesto sobre la renta y que los ricos paguen menos" (Interviewed by S. del Arco, El Diario)

Giacomo Ponzetto: "Els aranzels anunciats per Donald Trump i la seva repercussió a casa nostra" (Interviewed by R. Escapa, El Suplement, Catalunya Ràdio)

Shortcuts

Upcoming Events

Board of trustees:

P:

Partnerships:

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice.
Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice.
Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice.
Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice.
Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice.
Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice.
Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice.
Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice.
Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice.
Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)

Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice.
Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)