Recent Publications

Fornaro, L. and F. Romei,

"Monetary Cooperation during Global Inflation Surges"


Forthcoming in American Economic Review, 2025

Published by Fisher, Lenza Pill and Reichlin in A. Beyer and L. Reichlin (eds.) The Role of Money: Money and Monetary Policiy in the 21st Century, Proceedings of the 4th ECB Central Bank Conference, European Central Bank, Frankfurt, 2008, 182-189

Fornaro, L.,

"Fiscal Stimulus with Supply Constraints"


Forthcoming in IMF Economic Review, 2025

Published by Fisher, Lenza Pill and Reichlin in A. Beyer and L. Reichlin (eds.) The Role of Money: Money and Monetary Policiy in the 21st Century, Proceedings of the 4th ECB Central Bank Conference, European Central Bank, Frankfurt, 2008, 182-189

Mathieu Taschereau-Dumouchel and E. Schaal,

"Coordinating Business Cycles"


Journal of Monetary Economics, 2025, article 103829

Published by Fisher, Lenza Pill and Reichlin in A. Beyer and L. Reichlin (eds.) The Role of Money: Money and Monetary Policiy in the 21st Century, Proceedings of the 4th ECB Central Bank Conference, European Central Bank, Frankfurt, 2008, 182-189

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

"Monetary Policy and Endogenous Financial Crises"


Forthcoming in The Review of Economic Studies, 2025

Published by Fisher, Lenza Pill and Reichlin in A. Beyer and L. Reichlin (eds.) The Role of Money: Money and Monetary Policiy in the 21st Century, Proceedings of the 4th ECB Central Bank Conference, European Central Bank, Frankfurt, 2008, 182-189

Debortoli, D. and J. Galí,

"Heterogeneity and Aggregate Fluctuations: Insights from TANK Models"


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

Published by Fisher, Lenza Pill and Reichlin in A. Beyer and L. Reichlin (eds.) The Role of Money: Money and Monetary Policiy in the 21st Century, Proceedings of the 4th ECB Central Bank Conference, European Central Bank, Frankfurt, 2008, 182-189

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

Published by Fisher, Lenza Pill and Reichlin in A. Beyer and L. Reichlin (eds.) The Role of Money: Money and Monetary Policiy in the 21st Century, Proceedings of the 4th ECB Central Bank Conference, European Central Bank, Frankfurt, 2008, 182-189

Fornaro, L. and F. Romei,

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


2025, 378–389

Published by Fisher, Lenza Pill and Reichlin in A. Beyer and L. Reichlin (eds.) The Role of Money: Money and Monetary Policiy in the 21st Century, Proceedings of the 4th ECB Central Bank Conference, European Central Bank, Frankfurt, 2008, 182-189

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"


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

Published by Fisher, Lenza Pill and Reichlin in A. Beyer and L. Reichlin (eds.) The Role of Money: Money and Monetary Policiy in the 21st Century, Proceedings of the 4th ECB Central Bank Conference, European Central Bank, Frankfurt, 2008, 182-189

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

Published by Fisher, Lenza Pill and Reichlin in A. Beyer and L. Reichlin (eds.) The Role of Money: Money and Monetary Policiy in the 21st Century, Proceedings of the 4th ECB Central Bank Conference, European Central Bank, Frankfurt, 2008, 182-189

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

"The Global Financial Resource Curse"


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

Published by Fisher, Lenza Pill and Reichlin in A. Beyer and L. Reichlin (eds.) The Role of Money: Money and Monetary Policiy in the 21st Century, Proceedings of the 4th ECB Central Bank Conference, European Central Bank, Frankfurt, 2008, 182-189

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