Recent Publications

Fornaro, L. and F. Romei,

"Monetary Cooperation during Global Inflation Surges"


Forthcoming in American Economic Review, 2025

Published in Financial Management, 2021, 50 (3), 619-644. DOI. OPEN ACCESS
Voted number 1 article in the Fall 2021 issue of Financial Management.
Listen to C. Fons-Rosen at the Financial Management Association Annual Meeting (Top Papers in Financial Management Session) held in October 2021. Link: https://youtu.be/tikCcZduxnI (duration: 13 minutes)
This is an open access article distributed under the terms of the Creative Commons CC BY license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. You are not required to obtain permission to reuse this article.
Media: Imperial College IB Knowledge (2021) ·  Vox column (2020) · Nada es Gratis (2016) · Barcelona GSE Focus (2016)

Fornaro, L.,

"Fiscal Stimulus with Supply Constraints"


Forthcoming in IMF Economic Review, 2025

Published in Financial Management, 2021, 50 (3), 619-644. DOI. OPEN ACCESS
Voted number 1 article in the Fall 2021 issue of Financial Management.
Listen to C. Fons-Rosen at the Financial Management Association Annual Meeting (Top Papers in Financial Management Session) held in October 2021. Link: https://youtu.be/tikCcZduxnI (duration: 13 minutes)
This is an open access article distributed under the terms of the Creative Commons CC BY license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. You are not required to obtain permission to reuse this article.
Media: Imperial College IB Knowledge (2021) ·  Vox column (2020) · Nada es Gratis (2016) · Barcelona GSE Focus (2016)

Mathieu Taschereau-Dumouchel and E. Schaal,

"Coordinating Business Cycles"


Journal of Monetary Economics, 2025, article 103829

Published in Financial Management, 2021, 50 (3), 619-644. DOI. OPEN ACCESS
Voted number 1 article in the Fall 2021 issue of Financial Management.
Listen to C. Fons-Rosen at the Financial Management Association Annual Meeting (Top Papers in Financial Management Session) held in October 2021. Link: https://youtu.be/tikCcZduxnI (duration: 13 minutes)
This is an open access article distributed under the terms of the Creative Commons CC BY license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. You are not required to obtain permission to reuse this article.
Media: Imperial College IB Knowledge (2021) ·  Vox column (2020) · Nada es Gratis (2016) · Barcelona GSE Focus (2016)

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

"Monetary Policy and Endogenous Financial Crises"


Forthcoming in The Review of Economic Studies, 2025

Published in Financial Management, 2021, 50 (3), 619-644. DOI. OPEN ACCESS
Voted number 1 article in the Fall 2021 issue of Financial Management.
Listen to C. Fons-Rosen at the Financial Management Association Annual Meeting (Top Papers in Financial Management Session) held in October 2021. Link: https://youtu.be/tikCcZduxnI (duration: 13 minutes)
This is an open access article distributed under the terms of the Creative Commons CC BY license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. You are not required to obtain permission to reuse this article.
Media: Imperial College IB Knowledge (2021) ·  Vox column (2020) · Nada es Gratis (2016) · Barcelona GSE Focus (2016)

Debortoli, D. and J. Galí,

"Heterogeneity and Aggregate Fluctuations: Insights from TANK Models"


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

Published in Financial Management, 2021, 50 (3), 619-644. DOI. OPEN ACCESS
Voted number 1 article in the Fall 2021 issue of Financial Management.
Listen to C. Fons-Rosen at the Financial Management Association Annual Meeting (Top Papers in Financial Management Session) held in October 2021. Link: https://youtu.be/tikCcZduxnI (duration: 13 minutes)
This is an open access article distributed under the terms of the Creative Commons CC BY license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. You are not required to obtain permission to reuse this article.
Media: Imperial College IB Knowledge (2021) ·  Vox column (2020) · Nada es Gratis (2016) · Barcelona GSE Focus (2016)

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 in Financial Management, 2021, 50 (3), 619-644. DOI. OPEN ACCESS
Voted number 1 article in the Fall 2021 issue of Financial Management.
Listen to C. Fons-Rosen at the Financial Management Association Annual Meeting (Top Papers in Financial Management Session) held in October 2021. Link: https://youtu.be/tikCcZduxnI (duration: 13 minutes)
This is an open access article distributed under the terms of the Creative Commons CC BY license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. You are not required to obtain permission to reuse this article.
Media: Imperial College IB Knowledge (2021) ·  Vox column (2020) · Nada es Gratis (2016) · Barcelona GSE Focus (2016)

Fornaro, L. and F. Romei,

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


2025, 378–389

Published in Financial Management, 2021, 50 (3), 619-644. DOI. OPEN ACCESS
Voted number 1 article in the Fall 2021 issue of Financial Management.
Listen to C. Fons-Rosen at the Financial Management Association Annual Meeting (Top Papers in Financial Management Session) held in October 2021. Link: https://youtu.be/tikCcZduxnI (duration: 13 minutes)
This is an open access article distributed under the terms of the Creative Commons CC BY license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. You are not required to obtain permission to reuse this article.
Media: Imperial College IB Knowledge (2021) ·  Vox column (2020) · Nada es Gratis (2016) · Barcelona GSE Focus (2016)

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"


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

Published in Financial Management, 2021, 50 (3), 619-644. DOI. OPEN ACCESS
Voted number 1 article in the Fall 2021 issue of Financial Management.
Listen to C. Fons-Rosen at the Financial Management Association Annual Meeting (Top Papers in Financial Management Session) held in October 2021. Link: https://youtu.be/tikCcZduxnI (duration: 13 minutes)
This is an open access article distributed under the terms of the Creative Commons CC BY license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. You are not required to obtain permission to reuse this article.
Media: Imperial College IB Knowledge (2021) ·  Vox column (2020) · Nada es Gratis (2016) · Barcelona GSE Focus (2016)

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 in Financial Management, 2021, 50 (3), 619-644. DOI. OPEN ACCESS
Voted number 1 article in the Fall 2021 issue of Financial Management.
Listen to C. Fons-Rosen at the Financial Management Association Annual Meeting (Top Papers in Financial Management Session) held in October 2021. Link: https://youtu.be/tikCcZduxnI (duration: 13 minutes)
This is an open access article distributed under the terms of the Creative Commons CC BY license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. You are not required to obtain permission to reuse this article.
Media: Imperial College IB Knowledge (2021) ·  Vox column (2020) · Nada es Gratis (2016) · Barcelona GSE Focus (2016)

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

"The Global Financial Resource Curse"


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

Published in Financial Management, 2021, 50 (3), 619-644. DOI. OPEN ACCESS
Voted number 1 article in the Fall 2021 issue of Financial Management.
Listen to C. Fons-Rosen at the Financial Management Association Annual Meeting (Top Papers in Financial Management Session) held in October 2021. Link: https://youtu.be/tikCcZduxnI (duration: 13 minutes)
This is an open access article distributed under the terms of the Creative Commons CC BY license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. You are not required to obtain permission to reuse this article.
Media: Imperial College IB Knowledge (2021) ·  Vox column (2020) · Nada es Gratis (2016) · Barcelona GSE Focus (2016)

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