Recent Publications

Nagy, D., R. Juhász, C. Steinwender and W. F. Wong,

"Ports, technology and inter-city trade: The economics and geopolitics of evolving maritime transport networks"


Forthcoming in Regional Science and Urban Economics, 2026

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

The Review of Economic Studies, 89 (4), 2022, 1911-1947.

Martin, A.,

"Comments on “Financial Repression and the Currency Market under Sanctions” by O. Itskhoki and D. Mukhin"


Forthcoming in Economic Policy, 2026

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

The Review of Economic Studies, 89 (4), 2022, 1911-1947.

Fornaro, L. and F. Romei,

"Monetary Cooperation during Global Inflation Surges"


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

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

The Review of Economic Studies, 89 (4), 2022, 1911-1947.

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

"Nonlinear Monetary Policy Tradeoffs"


Forthcoming in The Economic Journal, 2025

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

The Review of Economic Studies, 89 (4), 2022, 1911-1947.

Fornaro, L.,

"Fiscal Stimulus with Supply Constraints"


Forthcoming in IMF Economic Review, 2025

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

The Review of Economic Studies, 89 (4), 2022, 1911-1947.

Mathieu Taschereau-Dumouchel and E. Schaal,

"Coordinating Business Cycles"


Journal of Monetary Economics, 2025, 155, article 103829

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

The Review of Economic Studies, 89 (4), 2022, 1911-1947.

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

"Monetary Policy and Endogenous Financial Crises"


Forthcoming in The Review of Economic Studies, 2025

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

The Review of Economic Studies, 89 (4), 2022, 1911-1947.

Debortoli, D. and J. Galí,

"Heterogeneity and Aggregate Fluctuations: Insights from TANK Models"


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

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

The Review of Economic Studies, 89 (4), 2022, 1911-1947.

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

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

The Review of Economic Studies, 89 (4), 2022, 1911-1947.

Fornaro, L. and F. Romei,

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


2025, 378–389

Revisions requested by the Review of Economic Studies

Previously circulated as “Monetary Union and Financial Integration”

The Review of Economic Studies, 89 (4), 2022, 1911-1947.

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