Recent Publications

Fornaro, L. and V. Guerrieri,

"Monetary Policy for the Green Transition"


2026

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

Fornaro, L. and M. Wolf,

"Tariffs and Technological Hegemony"


Forthcoming in IMF Economic Review, 2026

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

Nagy, D., R. Juhász, C. Steinwender and W. F. Wong,

"Ports, technology and inter-city trade: The economics and geopolitics of evolving maritime transport networks"


Forthcoming in Regional Science and Urban Economics, 2026

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

Martin, A.,

"Comments on “Financial Repression and the Currency Market under Sanctions” by O. Itskhoki and D. Mukhin"


Forthcoming in Economic Policy, 2026

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

Fornaro, L. and F. Romei,

"Monetary Cooperation during Global Inflation Surges"


American Economic Review, 2026, 116 (1), 164-188

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

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 ResponsesCentral Bank of Chile, 2014, 315-341.

Fornaro, L.,

"Fiscal Stimulus with Supply Constraints"


IMF Economic Review, 2025, 73, 708-732

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

Mathieu Taschereau-Dumouchel and E. Schaal,

"Coordinating Business Cycles"


Journal of Monetary Economics, 2025, 155, article 103829

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

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