CREI – Centre de Recerca en Economia Internacional

Recent Publications

Fornaro, L. and V. Guerrieri,

"Monetary Policy for the Green Transition"

2026

Revised January 2020

Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

Fornaro, L. and M. Wolf,

"Tariffs and Technological Hegemony"

Forthcoming in IMF Economic Review, 2026

Revised January 2020

Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

Nagy, D., R. Juhász, C. Steinwender and W. F. Wong,

"Ports, technology and inter-city trade: The economics and geopolitics of evolving maritime transport networks"

Forthcoming in Regional Science and Urban Economics, 2026

Revised January 2020

Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

Martin, A.,

"Comments on “Financial Repression and the Currency Market under Sanctions” by O. Itskhoki and D. Mukhin"

Forthcoming in Economic Policy, 2026

Revised January 2020

Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

Fornaro, L. and F. Romei,

"Monetary Cooperation during Global Inflation Surges"

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

Revised January 2020

Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

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

"Nonlinear Monetary Policy Tradeoffs"

Forthcoming in The Economic Journal, 2025

Revised January 2020

Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

Fornaro, L.,

"Fiscal Stimulus with Supply Constraints"

IMF Economic Review, 2025, 73, 708-732

Revised January 2020

Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

Mathieu Taschereau-Dumouchel and E. Schaal,

"Coordinating Business Cycles"

Journal of Monetary Economics, 2025, 155, article 103829

Revised January 2020

Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

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

"Monetary Policy and Endogenous Financial Crises"

Forthcoming in The Review of Economic Studies, 2025

Revised January 2020

Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

Debortoli, D. and J. Galí,

Cookie	Duration	Description
_hjAbsoluteSessionInProgress	1 hour	Hotjar sets this cookie to detect a user's first pageview session, which is a True/False flag set by the cookie.
li_gc	6 months	Linkedin set this cookie for storing visitor's consent regarding using cookies for non-essential purposes.
lidc	1 day	LinkedIn sets the lidc cookie to facilitate data center selection.
UserMatchHistory	1 month	LinkedIn sets this cookie for LinkedIn Ads ID syncing.

Cookie	Duration	Description
_gat	1 minute	Google Universal Analytics sets this cookie to restrain request rate and thus limit data collection on high-traffic sites.
AWSALB	7 days	AWSALB is an application load balancer cookie set by Amazon Web Services to map the session to the target.

Cookie	Duration	Description
_ga	1 year 1 month 4 days	Google Analytics sets this cookie to calculate visitor, session and campaign data and track site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognise unique visitors.
_gid	1 day	Google Analytics sets this cookie to store information on how visitors use a website while also creating an analytics report of the website's performance. Some of the collected data includes the number of visitors, their source, and the pages they visit anonymously.
_hjFirstSeen	1 hour	Hotjar sets this cookie to identify a new user’s first session. It stores the true/false value, indicating whether it was the first time Hotjar saw this user.
_hjSession_*	1 hour	Hotjar sets this cookie to ensure data from subsequent visits to the same site is attributed to the same user ID, which persists in the Hotjar User ID, which is unique to that site.
_hjSessionUser_*	1 year	Hotjar sets this cookie to ensure data from subsequent visits to the same site is attributed to the same user ID, which persists in the Hotjar User ID, which is unique to that site.
AnalyticsSyncHistory	1 month	Linkedin set this cookie to store information about the time a sync took place with the lms_analytics cookie.

Cookie	Duration	Description
bcookie	1 year	LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser IDs.
bscookie	1 year	LinkedIn sets this cookie to store performed actions on the website.
li_sugr	3 months	LinkedIn sets this cookie to collect user behaviour data to optimise the website and make advertisements on the website more relevant.
test_cookie	15 minutes	doubleclick.net sets this cookie to determine if the user's browser supports cookies.

Cookie	Duration	Description
_hjIncludedInSessionSample_3062403	1 hour	Description is currently not available.
dbpb5zDmgTrLAA1Q6g@@	1 year 1 month 4 days	Description is currently not available.

Recent Publications

"Monetary Policy for the Green Transition"

2026

Revised January 2020 Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

"Tariffs and Technological Hegemony"

Forthcoming in IMF Economic Review, 2026

Revised January 2020 Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

"Ports, technology and inter-city trade: The economics and geopolitics of evolving maritime transport networks"

Forthcoming in Regional Science and Urban Economics, 2026

Revised January 2020 Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

"Comments on “Financial Repression and the Currency Market under Sanctions” by O. Itskhoki and D. Mukhin"

Forthcoming in Economic Policy, 2026

Revised January 2020 Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

"Monetary Cooperation during Global Inflation Surges"

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

Revised January 2020 Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

"Nonlinear Monetary Policy Tradeoffs"

Forthcoming in The Economic Journal, 2025

Revised January 2020 Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

"Fiscal Stimulus with Supply Constraints"

IMF Economic Review, 2025, 73, 708-732

Revised January 2020 Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

"Coordinating Business Cycles"

Journal of Monetary Economics, 2025, 155, article 103829

Revised January 2020 Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

"Monetary Policy and Endogenous Financial Crises"

Forthcoming in The Review of Economic Studies, 2025

Revised January 2020 Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

"Heterogeneity and Aggregate Fluctuations: Insights from TANK Models"

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

Revised January 2020 Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

Latest News

Isaac Baley, XXV Premi Fundació Banc Sabadell a la Investigació Econòmica

Jordi Galí: "Més PIB, menys renda per capita: qui paga el model econòmic català?" (Alhora Podcast)

Giacomo Ponzetto awarded the Premi Ciutat de Barcelona in Social Sciences and Humanities 2025

Giacomo Ponzetto: "Approvazione provvisoria per convenienza ma anche per la credibilità dell'Europa" (ItalyPost)

Shortcuts

Upcoming Events

Board of trustees:

P:

Partnerships:

Revised January 2020

Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

Revised January 2020

Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

Revised January 2020

Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

Revised January 2020

Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

Revised January 2020

Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

Revised January 2020

Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

Revised January 2020

Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

Revised January 2020

Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

Revised January 2020

Published in Journal of Financial Economics, 139 (3), 2021, 895-921.

Revised January 2020

Published in Journal of Financial Economics, 139 (3), 2021, 895-921.