Recent Publications

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

"The Global Financial Resource Curse"


Forthcoming in American Economic Review, 2024

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.

L. Althoff and H. Reichardt,

"Jim Crow and Black Economic Progress After Slavery"


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

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.

Galí, J. and D. Debortoli,

"Idiosyncratic Income Risk and Aggregate Fluctuations"


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

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"


Forthcoming in Journal of the European Economic Association, 2024

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. and V. Vanasco,

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


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

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"


Forthcoming in The Review of Economic Studies, 2024

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.

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

"All Aboard: The Effects of Port Development"


Forthcoming in Journal of International Economics, 2024

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.

Galí, J., R. Billi and A. Nakov,

"Optimal Monetary Policy with r*< 0"


Journal of Monetary Economics, 2024, 142, article 103518

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.

Jeenas, P. and R. Lagos,

"Q-Monetary Transmission"


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

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.

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

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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