Recent Publications

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

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

Asriyan, V. and V. Vanasco,

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


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

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

Ghassibe, M. and F. Zanetti,

"State Dependence of Fiscal Multipliers: The Source of Fluctuations Matters"


Journal of Monetary Economics, 2022, 132, 1-23

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.,

"Trade and Urbanization: Evidence from Hungary"


American Economic Journal: Microeconomics, 2022, 14 (3), 733-790

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.,

"A Theory of Monetary Union and Financial Integration"


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

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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