Recent Publications

Fornaro, L. and F. Romei,

"Monetary Cooperation during Global Inflation Surges"


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

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

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

"Nonlinear Monetary Policy Tradeoffs"


Forthcoming in The Economic Journal, 2025

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

Fornaro, L.,

"Fiscal Stimulus with Supply Constraints"


Forthcoming in IMF Economic Review, 2025

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

Mathieu Taschereau-Dumouchel and E. Schaal,

"Coordinating Business Cycles"


Journal of Monetary Economics, 2025, article 103829

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

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

Debortoli, D. and J. Galí,

"Heterogeneity and Aggregate Fluctuations: Insights from TANK Models"


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

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"


The Review of Economic Studies, 2025, 92 (4), 2197-2227

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

Fornaro, L. and F. Romei,

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


2025, 378–389

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"


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

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

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 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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