Recent Publications

Fornaro, L. and F. Romei,

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


Forthcoming in 2025

revised April 2016

Published in The Economic Journal, 128 (609), 2018, 612-651.

Read a non-technical summary on VoxEU

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"


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

revised April 2016

Published in The Economic Journal, 128 (609), 2018, 612-651.

Read a non-technical summary on VoxEU

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

"Hegemony and International Alignment"


Forthcoming in American Economic Association: Papers & Proceedings, 2025

revised April 2016

Published in The Economic Journal, 128 (609), 2018, 612-651.

Read a non-technical summary on VoxEU

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

revised April 2016

Published in The Economic Journal, 128 (609), 2018, 612-651.

Read a non-technical summary on VoxEU

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

"The Global Financial Resource Curse"


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

revised April 2016

Published in The Economic Journal, 128 (609), 2018, 612-651.

Read a non-technical summary on VoxEU

L. Althoff and H. Reichardt,

"Jim Crow and Black Economic Progress After Slavery"


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

revised April 2016

Published in The Economic Journal, 128 (609), 2018, 612-651.

Read a non-technical summary on VoxEU

Galí, J. and D. Debortoli,

"Idiosyncratic Income Risk and Aggregate Fluctuations"


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

revised April 2016

Published in The Economic Journal, 128 (609), 2018, 612-651.

Read a non-technical summary on VoxEU

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

"All Aboard: The Effects of Port Development"


Journal of International Economics, 2024, Volume 151, 103963

revised April 2016

Published in The Economic Journal, 128 (609), 2018, 612-651.

Read a non-technical summary on VoxEU

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

revised April 2016

Published in The Economic Journal, 128 (609), 2018, 612-651.

Read a non-technical summary on VoxEU

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

"Returns to labour mobility"


The Economic Journal, 2024, 135, 430–454

revised April 2016

Published in The Economic Journal, 128 (609), 2018, 612-651.

Read a non-technical summary on VoxEU

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