Recent Publications

Debortoli, D. and J. Galí,

"Heterogeneity and Aggregate Fluctuations: Insights from TANK Models"


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

Conditionally accepted at the American Economic Review.
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

Conditionally accepted at the American Economic Review.
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"


Forthcoming in 2025

Conditionally accepted at the American Economic Review.
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

Conditionally accepted at the American Economic Review.
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

Conditionally accepted at the American Economic Review.
Read a non-technical summary on VoxEU.
Previously circulated as “Monetary Policy during Unbalanced Global Recoveries”.

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

"The Global Financial Resource Curse"


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

Conditionally accepted at the American Economic Review.
Read a non-technical summary on VoxEU.
Previously circulated as “Monetary Policy during Unbalanced Global Recoveries”.

A. Abraham, E. Cárceles, R. Marimon and Y. Liu,

"On the Optimal Design of a Financial Stability Fund"


Forthcoming in The Review of Economic Studies, 2025

Conditionally accepted at the American Economic Review.
Read a non-technical summary on VoxEU.
Previously circulated as “Monetary Policy during Unbalanced Global Recoveries”.

L. Althoff and H. Reichardt,

"Jim Crow and Black Economic Progress After Slavery"


Quarterly Journal of Economics, 2024, 139 (4), 2279-2330

Conditionally accepted at the American Economic Review.
Read a non-technical summary on VoxEU.
Previously circulated as “Monetary Policy during Unbalanced Global Recoveries”.

Galí, J. and D. Debortoli,

"Idiosyncratic Income Risk and Aggregate Fluctuations"


American Economic Journal: Macroeconomics, 2024, 16(4), 279–310

Conditionally accepted at the American Economic Review.
Read a non-technical summary on VoxEU.
Previously circulated as “Monetary Policy during Unbalanced Global Recoveries”.

Nagy, D., C. Ducruet, R. Juhász and C. Steinwender,

"All Aboard: The Effects of Port Development"


Journal of International Economics, 2024, Volume 151, 103963

Conditionally accepted at the American Economic Review.
Read a non-technical summary on VoxEU.
Previously circulated as “Monetary Policy during Unbalanced Global Recoveries”.

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