Recent Publications

Fornaro, L. and F. Romei,

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


Forthcoming in 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

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"


Forthcoming in American Economic Association: Papers & Proceedings, 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

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

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, 2024, 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

L. Althoff and H. Reichardt,

"Jim Crow and Black Economic Progress After Slavery"


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

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

Galí, J. and D. Debortoli,

"Idiosyncratic Income Risk and Aggregate Fluctuations"


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

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

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

"All Aboard: The Effects of Port Development"


Journal of International Economics, 2024, Volume 151, 103963

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"


Forthcoming in The Review of Economic Studies, 2024

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

Baley, I., Lars Ljungqvist and Thomas J. Sargent,

"Returns to labour mobility"


The Economic Journal, 2024, 135, 430–454

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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