Recent Publications

Fornaro, L. and F. Romei,

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


Forthcoming in 2025

Published by L.F. Céspedes and J. Galí (eds.), Fiscal Policy and Macroeconomic Performance, Central Bank of Chile (Santiago de Chile), 2012, 1-21

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"


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

Published by L.F. Céspedes and J. Galí (eds.), Fiscal Policy and Macroeconomic Performance, Central Bank of Chile (Santiago de Chile), 2012, 1-21

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

"Hegemony and International Alignment"


Forthcoming in American Economic Association: Papers & Proceedings, 2025

Published by L.F. Céspedes and J. Galí (eds.), Fiscal Policy and Macroeconomic Performance, Central Bank of Chile (Santiago de Chile), 2012, 1-21

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 by L.F. Céspedes and J. Galí (eds.), Fiscal Policy and Macroeconomic Performance, Central Bank of Chile (Santiago de Chile), 2012, 1-21

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

"The Global Financial Resource Curse"


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

Published by L.F. Céspedes and J. Galí (eds.), Fiscal Policy and Macroeconomic Performance, Central Bank of Chile (Santiago de Chile), 2012, 1-21

L. Althoff and H. Reichardt,

"Jim Crow and Black Economic Progress After Slavery"


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

Published by L.F. Céspedes and J. Galí (eds.), Fiscal Policy and Macroeconomic Performance, Central Bank of Chile (Santiago de Chile), 2012, 1-21

Galí, J. and D. Debortoli,

"Idiosyncratic Income Risk and Aggregate Fluctuations"


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

Published by L.F. Céspedes and J. Galí (eds.), Fiscal Policy and Macroeconomic Performance, Central Bank of Chile (Santiago de Chile), 2012, 1-21

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 by L.F. Céspedes and J. Galí (eds.), Fiscal Policy and Macroeconomic Performance, Central Bank of Chile (Santiago de Chile), 2012, 1-21

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

Published by L.F. Céspedes and J. Galí (eds.), Fiscal Policy and Macroeconomic Performance, Central Bank of Chile (Santiago de Chile), 2012, 1-21

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

"Returns to labour mobility"


The Economic Journal, 2024, 135, 430–454

Published by L.F. Céspedes and J. Galí (eds.), Fiscal Policy and Macroeconomic Performance, Central Bank of Chile (Santiago de Chile), 2012, 1-21

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