Recent Publications

Jeenas, P. and R. Lagos,

"Q-Monetary Transmission"


Forthcoming in Journal of Political Economy, 2024

revised August 2008

Previously circulated as: Endogenous Credit Cycles and Financial Dampening in an Adverse Selection Economy, January 2005

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

revised August 2008

Previously circulated as: Endogenous Credit Cycles and Financial Dampening in an Adverse Selection Economy, January 2005

Galí, J., R. Billi and A. Nakov,

"Optimal Monetary Policy with r*< 0"


Forthcoming in Journal of Monetary Economics, 2023

revised August 2008

Previously circulated as: Endogenous Credit Cycles and Financial Dampening in an Adverse Selection Economy, January 2005

Broner, F., T. Didier, S. Schmukler and G. von Peter,

"Bilateral International Investments: The Big Sur?"


Journal of International Economics, 2023, 145, article 103795

revised August 2008

Previously circulated as: Endogenous Credit Cycles and Financial Dampening in an Adverse Selection Economy, January 2005

Schaal, E. and Mathieu Taschereau-Dumouchel,

"Herding through booms and busts*"


Journal of Economic Theory, 2023, 210, 105669

revised August 2008

Previously circulated as: Endogenous Credit Cycles and Financial Dampening in an Adverse Selection Economy, January 2005

Galí, J. and D. Debortoli,

"Idiosyncratic Income Risk and Aggregate Fluctuations"


Forthcoming in American Economic Journal: Macroeconomics, 2023

revised August 2008

Previously circulated as: Endogenous Credit Cycles and Financial Dampening in an Adverse Selection Economy, January 2005

Fornaro, L. and M. Wolf,

"The Scars of Supply Shocks"


Journal of Monetary Economics, 2023, 140, 18-36

revised August 2008

Previously circulated as: Endogenous Credit Cycles and Financial Dampening in an Adverse Selection Economy, January 2005

Asriyan, V. and V. Vanasco,

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


The Review of Economic Studies, 2023, 00, 1-30

revised August 2008

Previously circulated as: Endogenous Credit Cycles and Financial Dampening in an Adverse Selection Economy, January 2005

M. Santamaría, J. Ventura and U. Yeşilbayraktar,

"Exploring European Regional Trade"


Forthcoming in Journal of International Economics, 2023

revised August 2008

Previously circulated as: Endogenous Credit Cycles and Financial Dampening in an Adverse Selection Economy, January 2005

Nagy, D.,

"Hinterlands, city formation and growth: Evidence from the U.S. westward expansion"


The Review of Economic Studies, 2023, 90(6), 3238-3281

revised August 2008

Previously circulated as: Endogenous Credit Cycles and Financial Dampening in an Adverse Selection Economy, January 2005

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