Recent Publications

Debortoli, D., M. Forni, L. Gambetti and L. Sala,

"Nonlinear Monetary Policy Tradeoffs"


Forthcoming in The Economic Journal, 2025

Previously circulated as “Structural Transformation, Industrial Specialization, and Endogenous Growth”

Fornaro, L. and F. Romei,

"Monetary Cooperation during Global Inflation Surges"


Forthcoming in American Economic Review, 2025

Previously circulated as “Structural Transformation, Industrial Specialization, and Endogenous Growth”

Fornaro, L.,

"Fiscal Stimulus with Supply Constraints"


Forthcoming in IMF Economic Review, 2025

Previously circulated as “Structural Transformation, Industrial Specialization, and Endogenous Growth”

Mathieu Taschereau-Dumouchel and E. Schaal,

"Coordinating Business Cycles"


Journal of Monetary Economics, 2025, article 103829

Previously circulated as “Structural Transformation, Industrial Specialization, and Endogenous Growth”

F. Boissay, F. Collard, J. Galí and C. Manea,

"Monetary Policy and Endogenous Financial Crises"


Forthcoming in The Review of Economic Studies, 2025

Previously circulated as “Structural Transformation, Industrial Specialization, and Endogenous Growth”

Debortoli, D. and J. Galí,

"Heterogeneity and Aggregate Fluctuations: Insights from TANK Models"


NBER Macroeconomics Annual, 2025, 39 (1), 307-357

Previously circulated as “Structural Transformation, Industrial Specialization, and Endogenous Growth”

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, 2025, 92 (4), 2197-2227

Previously circulated as “Structural Transformation, Industrial Specialization, and Endogenous Growth”

Fornaro, L. and F. Romei,

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


2025, 378–389

Previously circulated as “Structural Transformation, Industrial Specialization, and Endogenous Growth”

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"


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

Previously circulated as “Structural Transformation, Industrial Specialization, and Endogenous Growth”

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

"Hegemony and International Alignment"


American Economic Association: Papers & Proceedings, 2025, 115, 593-598

Previously circulated as “Structural Transformation, Industrial Specialization, and Endogenous Growth”

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