Recent Publications

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

"The Global Financial Resource Curse"


Forthcoming in American Economic Review, 2024

Published by L.F. Céspedes and J.Galí (eds.), Fiscal Policy and Macroeconomic Performance, Central Bank of Chile (Santiago, Chile), 2012, 293-332

L. Althoff and H. Reichardt,

"Jim Crow and Black Economic Progress After Slavery"


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

Published by L.F. Céspedes and J.Galí (eds.), Fiscal Policy and Macroeconomic Performance, Central Bank of Chile (Santiago, Chile), 2012, 293-332

Galí, J. and D. Debortoli,

"Idiosyncratic Income Risk and Aggregate Fluctuations"


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

Published by L.F. Céspedes and J.Galí (eds.), Fiscal Policy and Macroeconomic Performance, Central Bank of Chile (Santiago, Chile), 2012, 293-332

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"


Forthcoming in Journal of the European Economic Association, 2024

Published by L.F. Céspedes and J.Galí (eds.), Fiscal Policy and Macroeconomic Performance, Central Bank of Chile (Santiago, Chile), 2012, 293-332

Asriyan, V. and V. Vanasco,

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


The Review of Economic Studies, 2024, 91/2, 690–719

Published by L.F. Céspedes and J.Galí (eds.), Fiscal Policy and Macroeconomic Performance, Central Bank of Chile (Santiago, Chile), 2012, 293-332

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 L.F. Céspedes and J.Galí (eds.), Fiscal Policy and Macroeconomic Performance, Central Bank of Chile (Santiago, Chile), 2012, 293-332

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

"All Aboard: The Effects of Port Development"


Forthcoming in Journal of International Economics, 2024

Published by L.F. Céspedes and J.Galí (eds.), Fiscal Policy and Macroeconomic Performance, Central Bank of Chile (Santiago, Chile), 2012, 293-332

Galí, J., R. Billi and A. Nakov,

"Optimal Monetary Policy with r*< 0"


Journal of Monetary Economics, 2024, 142, article 103518

Published by L.F. Céspedes and J.Galí (eds.), Fiscal Policy and Macroeconomic Performance, Central Bank of Chile (Santiago, Chile), 2012, 293-332

Jeenas, P. and R. Lagos,

"Q-Monetary Transmission"


Journal of Political Economy, 2024, 132 (3), 971-1012

Published by L.F. Céspedes and J.Galí (eds.), Fiscal Policy and Macroeconomic Performance, Central Bank of Chile (Santiago, Chile), 2012, 293-332

J. Díaz-Saavedra, R. Marimon and J. Brogueira de Sousa,

"A Worker’s Backpack as Alternative to the Spanish PAYG Pension System"


Journal of the European Economic Association, 2023, 21 (5), 1944-1993

Published by L.F. Céspedes and J.Galí (eds.), Fiscal Policy and Macroeconomic Performance, Central Bank of Chile (Santiago, Chile), 2012, 293-332

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