Recent Publications

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

"Nonlinear Monetary Policy Tradeoffs"


Forthcoming in The Economic Journal, 2025

Published in C. Raddatz, D. Saravia and J. Ventura (eds.), Global Liquidity, Spillovers to Emerging Markets, and Policy Responses, Central Bank of Chile, 2014, 315-341.

Fornaro, L. and F. Romei,

"Monetary Cooperation during Global Inflation Surges"


Forthcoming in American Economic Review, 2025

Published in C. Raddatz, D. Saravia and J. Ventura (eds.), Global Liquidity, Spillovers to Emerging Markets, and Policy Responses, Central Bank of Chile, 2014, 315-341.

Fornaro, L.,

"Fiscal Stimulus with Supply Constraints"


Forthcoming in IMF Economic Review, 2025

Published in C. Raddatz, D. Saravia and J. Ventura (eds.), Global Liquidity, Spillovers to Emerging Markets, and Policy Responses, Central Bank of Chile, 2014, 315-341.

Mathieu Taschereau-Dumouchel and E. Schaal,

"Coordinating Business Cycles"


Journal of Monetary Economics, 2025, article 103829

Published in C. Raddatz, D. Saravia and J. Ventura (eds.), Global Liquidity, Spillovers to Emerging Markets, and Policy Responses, Central Bank of Chile, 2014, 315-341.

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

"Monetary Policy and Endogenous Financial Crises"


Forthcoming in The Review of Economic Studies, 2025

Published in C. Raddatz, D. Saravia and J. Ventura (eds.), Global Liquidity, Spillovers to Emerging Markets, and Policy Responses, Central Bank of Chile, 2014, 315-341.

Debortoli, D. and J. Galí,

"Heterogeneity and Aggregate Fluctuations: Insights from TANK Models"


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

Published in C. Raddatz, D. Saravia and J. Ventura (eds.), Global Liquidity, Spillovers to Emerging Markets, and Policy Responses, Central Bank of Chile, 2014, 315-341.

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

Published in C. Raddatz, D. Saravia and J. Ventura (eds.), Global Liquidity, Spillovers to Emerging Markets, and Policy Responses, Central Bank of Chile, 2014, 315-341.

Fornaro, L. and F. Romei,

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


2025, 378–389

Published in C. Raddatz, D. Saravia and J. Ventura (eds.), Global Liquidity, Spillovers to Emerging Markets, and Policy Responses, Central Bank of Chile, 2014, 315-341.

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"


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

Published in C. Raddatz, D. Saravia and J. Ventura (eds.), Global Liquidity, Spillovers to Emerging Markets, and Policy Responses, Central Bank of Chile, 2014, 315-341.

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

Published in C. Raddatz, D. Saravia and J. Ventura (eds.), Global Liquidity, Spillovers to Emerging Markets, and Policy Responses, Central Bank of Chile, 2014, 315-341.

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