Recent Publications

Fornaro, L. and F. Romei,

"Monetary Cooperation during Global Inflation Surges"


American Economic Review, 2026, 116 (1), 164-188

American Economic Review, 116 (1), 2026, 164-188.
Read a non-technical summary on VoxEU.
Previously circulated as “Monetary Policy during Unbalanced Global Recoveries”.

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

"Nonlinear Monetary Policy Tradeoffs"


Forthcoming in The Economic Journal, 2025

American Economic Review, 116 (1), 2026, 164-188.
Read a non-technical summary on VoxEU.
Previously circulated as “Monetary Policy during Unbalanced Global Recoveries”.

Fornaro, L.,

"Fiscal Stimulus with Supply Constraints"


Forthcoming in IMF Economic Review, 2025

American Economic Review, 116 (1), 2026, 164-188.
Read a non-technical summary on VoxEU.
Previously circulated as “Monetary Policy during Unbalanced Global Recoveries”.

Mathieu Taschereau-Dumouchel and E. Schaal,

"Coordinating Business Cycles"


Journal of Monetary Economics, 2025, article 103829

American Economic Review, 116 (1), 2026, 164-188.
Read a non-technical summary on VoxEU.
Previously circulated as “Monetary Policy during Unbalanced Global Recoveries”.

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

"Monetary Policy and Endogenous Financial Crises"


Forthcoming in The Review of Economic Studies, 2025

American Economic Review, 116 (1), 2026, 164-188.
Read a non-technical summary on VoxEU.
Previously circulated as “Monetary Policy during Unbalanced Global Recoveries”.

Debortoli, D. and J. Galí,

"Heterogeneity and Aggregate Fluctuations: Insights from TANK Models"


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

American Economic Review, 116 (1), 2026, 164-188.
Read a non-technical summary on VoxEU.
Previously circulated as “Monetary Policy during Unbalanced Global Recoveries”.

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

American Economic Review, 116 (1), 2026, 164-188.
Read a non-technical summary on VoxEU.
Previously circulated as “Monetary Policy during Unbalanced Global Recoveries”.

Fornaro, L. and F. Romei,

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


2025, 378–389

American Economic Review, 116 (1), 2026, 164-188.
Read a non-technical summary on VoxEU.
Previously circulated as “Monetary Policy during Unbalanced Global Recoveries”.

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"


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

American Economic Review, 116 (1), 2026, 164-188.
Read a non-technical summary on VoxEU.
Previously circulated as “Monetary Policy during Unbalanced Global Recoveries”.

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

American Economic Review, 116 (1), 2026, 164-188.
Read a non-technical summary on VoxEU.
Previously circulated as “Monetary Policy during Unbalanced Global Recoveries”.

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