Recent Publications

Galí, J., R. Billi and A. Nakov,

"Optimal Monetary Policy with r*< 0"


Forthcoming in Journal of Monetary Economics, 2023

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

"Bilateral International Investments: The Big Sur?"


Journal of International Economics, 2023, 145, article 103795

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

Schaal, E. and Mathieu Taschereau-Dumouchel,

"Herding through booms and busts*"


Journal of Economic Theory, 2023, 210, 105669

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

Fornaro, L.,

"The Scars of Supply Shocks"


Forthcoming in Journal of Monetary Economics, 2023

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. and V. Vanasco,

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


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

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

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

"Exploring European Regional Trade"


Forthcoming in Journal of International Economics, 2023

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.,

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


Forthcoming in The Review of Economic Studies, 2023

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., D. Foarta and V. Vanasco,

"The Good, the Bad and the Complex: Product Design with Imperfect Information"


Forthcoming in American Economic Journal: Microeconomics, 2023

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

K. Greulich, S. Laczó and A. Marcet,

"Pareto-Improving Optimal Capital and Labor Taxes"


Forthcoming in Journal of Political Economy, 2023

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,

"Reserve Accumulation, Growth and Financial Crises"


Journal of International Economics, 2022, 139, article 103660

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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