Recent Publications

L. Althoff and H. ReichardtH. Reichardt,

"Jim Crow and Black Economic Progress After Slavery"


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

Earlier version available as Reserve Bank of Australia RDP 2008-2 (May 2008)

Galí, J. and D. Debortoli,

"Idiosyncratic Income Risk and Aggregate Fluctuations"


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

Earlier version available as Reserve Bank of Australia RDP 2008-2 (May 2008)

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"


Forthcoming in Journal of the European Economic Association, 2024

Earlier version available as Reserve Bank of Australia RDP 2008-2 (May 2008)

Asriyan, V. and V. Vanasco,

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


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

Earlier version available as Reserve Bank of Australia RDP 2008-2 (May 2008)

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

Earlier version available as Reserve Bank of Australia RDP 2008-2 (May 2008)

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

"All Aboard: The Effects of Port Development"


Forthcoming in Journal of International Economics, 2024

Earlier version available as Reserve Bank of Australia RDP 2008-2 (May 2008)

Galí, J., R. Billi and A. Nakov,

"Optimal Monetary Policy with r*< 0"


Journal of Monetary Economics, 2024, 142, article 103518

Earlier version available as Reserve Bank of Australia RDP 2008-2 (May 2008)

Jeenas, P. and R. Lagos,

"Q-Monetary Transmission"


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

Earlier version available as Reserve Bank of Australia RDP 2008-2 (May 2008)

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

Earlier version available as Reserve Bank of Australia RDP 2008-2 (May 2008)

G. Callegari, R. Marimon, A. Wicht and L. Zavalloni,

"On a Lender of Last Resort with a Central Bank and a Stability Fund"


Review of Economic Dynamics, 2023, 50, 106-130

Earlier version available as Reserve Bank of Australia RDP 2008-2 (May 2008)

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