Recent Publications

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

Previously circulated as “Asymmetric Effects of Monetary Policy Easing and Tightening”

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

"The Global Financial Resource Curse"


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

Previously circulated as “Asymmetric Effects of Monetary Policy Easing and Tightening”

L. Althoff and H. Reichardt,

"Jim Crow and Black Economic Progress After Slavery"


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

Previously circulated as “Asymmetric Effects of Monetary Policy Easing and Tightening”

Galí, J. and D. Debortoli,

"Idiosyncratic Income Risk and Aggregate Fluctuations"


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

Previously circulated as “Asymmetric Effects of Monetary Policy Easing and Tightening”

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

"All Aboard: The Effects of Port Development"


Journal of International Economics, 2024, Volume 151, 103963

Previously circulated as “Asymmetric Effects of Monetary Policy Easing and Tightening”

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, 2024, 1-31

Previously circulated as “Asymmetric Effects of Monetary Policy Easing and Tightening”

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

"Returns to labour mobility"


The Economic Journal, 2024, 135, 430–454

Previously circulated as “Asymmetric Effects of Monetary Policy Easing and Tightening”

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"


Forthcoming in Journal of the European Economic Association, 2024

Previously circulated as “Asymmetric Effects of Monetary Policy Easing and Tightening”

Galí, J., R. Billi and A. Nakov,

"Optimal Monetary Policy with r*< 0"


Journal of Monetary Economics, 2024, 142, article 103518

Previously circulated as “Asymmetric Effects of Monetary Policy Easing and Tightening”

Jeenas, P. and R. Lagos,

"Q-Monetary Transmission"


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

Previously circulated as “Asymmetric Effects of Monetary Policy Easing and Tightening”

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