CREI – Centre de Recerca en Economia Internacional

Recent Publications

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

"Monetary Policy and Endogenous Financial Crises"

Forthcoming in The Review of Economic Studies, 2025

NBER working paper 19201

revised January 2014

Debortoli, D. and J. Galí,

"Heterogeneity and Aggregate Fluctuations: Insights from TANK Models"

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

NBER working paper 19201

revised January 2014

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

NBER working paper 19201

revised January 2014

Fornaro, L. and F. Romei,

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

Forthcoming in 2025

NBER working paper 19201

revised January 2014

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"

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

NBER working paper 19201

revised January 2014

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

NBER working paper 19201

revised January 2014

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

"The Global Financial Resource Curse"

American Economic Review, 2025, 115 (1), 220-262

NBER working paper 19201

revised January 2014

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

NBER working paper 19201

revised January 2014

L. Althoff and H. Reichardt,

"Jim Crow and Black Economic Progress After Slavery"

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

NBER working paper 19201

revised January 2014

Galí, J. and D. Debortoli,

Cookie	Duration	Description
_hjAbsoluteSessionInProgress	1 hour	Hotjar sets this cookie to detect a user's first pageview session, which is a True/False flag set by the cookie.
li_gc	6 months	Linkedin set this cookie for storing visitor's consent regarding using cookies for non-essential purposes.
lidc	1 day	LinkedIn sets the lidc cookie to facilitate data center selection.
UserMatchHistory	1 month	LinkedIn sets this cookie for LinkedIn Ads ID syncing.

Cookie	Duration	Description
_gat	1 minute	Google Universal Analytics sets this cookie to restrain request rate and thus limit data collection on high-traffic sites.
AWSALB	7 days	AWSALB is an application load balancer cookie set by Amazon Web Services to map the session to the target.

Cookie	Duration	Description
_ga	1 year 1 month 4 days	Google Analytics sets this cookie to calculate visitor, session and campaign data and track site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognise unique visitors.
_gid	1 day	Google Analytics sets this cookie to store information on how visitors use a website while also creating an analytics report of the website's performance. Some of the collected data includes the number of visitors, their source, and the pages they visit anonymously.
_hjFirstSeen	1 hour	Hotjar sets this cookie to identify a new user’s first session. It stores the true/false value, indicating whether it was the first time Hotjar saw this user.
_hjSession_*	1 hour	Hotjar sets this cookie to ensure data from subsequent visits to the same site is attributed to the same user ID, which persists in the Hotjar User ID, which is unique to that site.
_hjSessionUser_*	1 year	Hotjar sets this cookie to ensure data from subsequent visits to the same site is attributed to the same user ID, which persists in the Hotjar User ID, which is unique to that site.
AnalyticsSyncHistory	1 month	Linkedin set this cookie to store information about the time a sync took place with the lms_analytics cookie.

Cookie	Duration	Description
bcookie	1 year	LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser IDs.
bscookie	1 year	LinkedIn sets this cookie to store performed actions on the website.
li_sugr	3 months	LinkedIn sets this cookie to collect user behaviour data to optimise the website and make advertisements on the website more relevant.
test_cookie	15 minutes	doubleclick.net sets this cookie to determine if the user's browser supports cookies.

Cookie	Duration	Description
_hjIncludedInSessionSample_3062403	1 hour	Description is currently not available.
dbpb5zDmgTrLAA1Q6g@@	1 year 1 month 4 days	Description is currently not available.

Recent Publications

"Monetary Policy and Endogenous Financial Crises"

Forthcoming in The Review of Economic Studies, 2025

NBER working paper 19201 revised January 2014

"Heterogeneity and Aggregate Fluctuations: Insights from TANK Models"

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

NBER working paper 19201 revised January 2014

"Falling Interest Rates and Credit Reallocation: Lessons from General Equilibrium"

The Review of Economic Studies, 2025, 92 (4), 2197-2227

NBER working paper 19201 revised January 2014

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

Forthcoming in 2025

NBER working paper 19201 revised January 2014

"Social Capital, Government Expenditures, and Growth"

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

NBER working paper 19201 revised January 2014

"Hegemony and International Alignment"

American Economic Association: Papers & Proceedings, 2025, 115, 593-598

NBER working paper 19201 revised January 2014

"The Global Financial Resource Curse"

American Economic Review, 2025, 115 (1), 220-262

NBER working paper 19201 revised January 2014

"On the Optimal Design of a Financial Stability Fund"

Forthcoming in The Review of Economic Studies, 2025

NBER working paper 19201 revised January 2014

"Jim Crow and Black Economic Progress After Slavery"

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

NBER working paper 19201 revised January 2014

"Idiosyncratic Income Risk and Aggregate Fluctuations"

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

NBER working paper 19201 revised January 2014

Latest News

Jordi Galí: “El sector privat és el que ha de generar l’augment de productivitat, imprescindible per fer possible un augment de la renda per càpita” (Interviewed by Focus UPF)

David Nagy: This happened at places where they targeted one industry like Hungary did with car and battery manufacturing (Defacto, in Hungarian)

Teresa Garcia-Milà appointed President of the Cercle d'Economia

Jordi Galí recull el premi Fundació BBVA Fronteres del Coneixement en Economia, Finances i Gestió d'Empreses

Shortcuts

Upcoming Events

Board of trustees:

P:

Partnerships:

NBER working paper 19201

revised January 2014

NBER working paper 19201

revised January 2014

NBER working paper 19201

revised January 2014

NBER working paper 19201

revised January 2014

NBER working paper 19201

revised January 2014

NBER working paper 19201

revised January 2014

NBER working paper 19201

revised January 2014

NBER working paper 19201

revised January 2014

NBER working paper 19201

revised January 2014

NBER working paper 19201

revised January 2014