Recent Publications

Galí, J., R. Billi and A. Nakov,

"Optimal Monetary Policy with r*< 0"


Forthcoming in Journal of Monetary Economics, 2023

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

Forthcoming in The Review of Economic Studies

Broner, F., T. Didier, S. Schmukler and G. von Peter,

"Bilateral International Investments: The Big Sur?"


Journal of International Economics, 2023, 145, article 103795

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

Forthcoming in The Review of Economic Studies

Schaal, E. and Mathieu Taschereau-Dumouchel,

"Herding through booms and busts*"


Journal of Economic Theory, 2023, 210, 105669

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

Forthcoming in The Review of Economic Studies

Fornaro, L.,

"The Scars of Supply Shocks"


Forthcoming in Journal of Monetary Economics, 2023

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

Forthcoming in The Review of Economic Studies

Asriyan, V. and V. Vanasco,

"Security Design in Non-Exclusive Markets with Asymmetric Information"


The Review of Economic Studies, 2023, 00, 1-30

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

Forthcoming in The Review of Economic Studies

M. Santamaría, J. Ventura and U. Yeşilbayraktar,

"Exploring European Regional Trade"


Forthcoming in Journal of International Economics, 2023

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

Forthcoming in The Review of Economic Studies

Nagy, D.,

"Hinterlands, city formation and growth: Evidence from the U.S. westward expansion"


Forthcoming in The Review of Economic Studies, 2023

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

Forthcoming in The Review of Economic Studies

Asriyan, V., D. Foarta and V. Vanasco,

"The Good, the Bad and the Complex: Product Design with Imperfect Information"


Forthcoming in American Economic Journal: Microeconomics, 2023

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

Forthcoming in The Review of Economic Studies

K. Greulich, S. Laczó and A. Marcet,

"Pareto-Improving Optimal Capital and Labor Taxes"


Forthcoming in Journal of Political Economy, 2023

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

Forthcoming in The Review of Economic Studies

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

"Reserve Accumulation, Growth and Financial Crises"


Journal of International Economics, 2022, 139, article 103660

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

Forthcoming in The Review of Economic Studies

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