Recent Publications

Fornaro, L. and F. Romei,

"Monetary Cooperation during Global Inflation Surges"


Forthcoming in American Economic Review, 2025

revised March 2007 (earlier version "Financial Repression in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714")

Published in Economic Journal, 118, 2008, 743-758

Fornaro, L.,

"Fiscal Stimulus with Supply Constraints"


Forthcoming in IMF Economic Review, 2025

revised March 2007 (earlier version "Financial Repression in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714")

Published in Economic Journal, 118, 2008, 743-758

Mathieu Taschereau-Dumouchel and E. Schaal,

"Coordinating Business Cycles"


Journal of Monetary Economics, 2025, article 103829

revised March 2007 (earlier version "Financial Repression in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714")

Published in Economic Journal, 118, 2008, 743-758

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

"Monetary Policy and Endogenous Financial Crises"


Forthcoming in The Review of Economic Studies, 2025

revised March 2007 (earlier version "Financial Repression in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714")

Published in Economic Journal, 118, 2008, 743-758

Debortoli, D. and J. Galí,

"Heterogeneity and Aggregate Fluctuations: Insights from TANK Models"


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

revised March 2007 (earlier version "Financial Repression in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714")

Published in Economic Journal, 118, 2008, 743-758

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

revised March 2007 (earlier version "Financial Repression in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714")

Published in Economic Journal, 118, 2008, 743-758

Fornaro, L. and F. Romei,

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


2025, 378–389

revised March 2007 (earlier version "Financial Repression in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714")

Published in Economic Journal, 118, 2008, 743-758

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"


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

revised March 2007 (earlier version "Financial Repression in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714")

Published in Economic Journal, 118, 2008, 743-758

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

revised March 2007 (earlier version "Financial Repression in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714")

Published in Economic Journal, 118, 2008, 743-758

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

"The Global Financial Resource Curse"


American Economic Review, 2025, 115 (1), 220-262

revised March 2007 (earlier version "Financial Repression in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714")

Published in Economic Journal, 118, 2008, 743-758

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