Recent Publications

Ghassibe, M. and F. Zanetti,

"State Dependence of Fiscal Multipliers: The Source of Fluctuations Matters"


Journal of Monetary Economics, 2022, 132, 1-23

Previously circulated as ‘US Monetary Policy and Exchange Rate: Micro Evidence on the Brazilian Credit Channel’

K. Greulich, S. Laczó and A. Marcet,

"Pareto-Improving Optimal Capital and Labor Taxes"


Forthcoming in Journal of Political Economy, 2022

Previously circulated as ‘US Monetary Policy and Exchange Rate: Micro Evidence on the Brazilian Credit Channel’

Nagy, D.,

"Trade and Urbanization: Evidence from Hungary"


American Economic Journal: Microeconomics, 2022, 14 (3), 733-790

Previously circulated as ‘US Monetary Policy and Exchange Rate: Micro Evidence on the Brazilian Credit Channel’

Fornaro, L.,

"A Theory of Monetary Union and Financial Integration"


The Review of Economic Studies, 2022, 89 (4), 1911-1947

Previously circulated as ‘US Monetary Policy and Exchange Rate: Micro Evidence on the Brazilian Credit Channel’

G. Gancia, G. Ponzetto and J. Ventura,

"Globalization and Political Structure"


Journal of the European Economic Association, 2022, 20 (3), 1276-1310

Previously circulated as ‘US Monetary Policy and Exchange Rate: Micro Evidence on the Brazilian Credit Channel’

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

"Reserve Accumulation, Growth and Financial Crises"


Forthcoming in Journal of International Economics, 2022

Previously circulated as ‘US Monetary Policy and Exchange Rate: Micro Evidence on the Brazilian Credit Channel’

Nagy, D.,

"Quantitative Economic Geography meets History: Questions, Answers and Challenges"


Regional Science and Urban Economics, 2022, 94, Article 103675

Previously circulated as ‘US Monetary Policy and Exchange Rate: Micro Evidence on the Brazilian Credit Channel’

Asriyan, V., L. Laeven and A. Martin,

"Collateral Booms and Information Depletion"


The Review of Economic Studies, 2022, 89 (2), 517–555

Previously circulated as ‘US Monetary Policy and Exchange Rate: Micro Evidence on the Brazilian Credit Channel’

Caggese, A. and A. Pérez-Orive,

"How Stimulative are Low Real Interest Rates for Intangible Capital?"


European Economic Review, 2022, 142, article 103987

Previously circulated as ‘US Monetary Policy and Exchange Rate: Micro Evidence on the Brazilian Credit Channel’

Galí, J.,

"Insider-Outsider Labor Markets, Hysteresis and Monetary Policy"


Journal of Money, Credit and Banking, 2022, 54(S1), 53-88

Previously circulated as ‘US Monetary Policy and Exchange Rate: Micro Evidence on the Brazilian Credit Channel’

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