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

Published in International Journal of Finance and Economics, special issue: Symposium on Capital Controls, 8 (3), 2003, 255-276

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

"The Global Financial Resource Curse"


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

Published in International Journal of Finance and Economics, special issue: Symposium on Capital Controls, 8 (3), 2003, 255-276

L. Althoff and H. Reichardt,

"Jim Crow and Black Economic Progress After Slavery"


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

Published in International Journal of Finance and Economics, special issue: Symposium on Capital Controls, 8 (3), 2003, 255-276

Galí, J. and D. Debortoli,

"Idiosyncratic Income Risk and Aggregate Fluctuations"


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

Published in International Journal of Finance and Economics, special issue: Symposium on Capital Controls, 8 (3), 2003, 255-276

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

"All Aboard: The Effects of Port Development"


Journal of International Economics, 2024, Volume 151, 103963

Published in International Journal of Finance and Economics, special issue: Symposium on Capital Controls, 8 (3), 2003, 255-276

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

Published in International Journal of Finance and Economics, special issue: Symposium on Capital Controls, 8 (3), 2003, 255-276

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

"Returns to labour mobility"


The Economic Journal, 2024, 135, 430–454

Published in International Journal of Finance and Economics, special issue: Symposium on Capital Controls, 8 (3), 2003, 255-276

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"


Forthcoming in Journal of the European Economic Association, 2024

Published in International Journal of Finance and Economics, special issue: Symposium on Capital Controls, 8 (3), 2003, 255-276

Asriyan, V. and V. Vanasco,

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


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

Published in International Journal of Finance and Economics, special issue: Symposium on Capital Controls, 8 (3), 2003, 255-276

Galí, J., R. Billi and A. Nakov,

"Optimal Monetary Policy with r*< 0"


Journal of Monetary Economics, 2024, 142, article 103518

Published in International Journal of Finance and Economics, special issue: Symposium on Capital Controls, 8 (3), 2003, 255-276

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