Recent Publications

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 in Mark Gradstein and Kai Konrad eds, Institutions and Norms in Economic Development, MIT Press, 2006

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

"The Global Financial Resource Curse"


American Economic Review, 2024, 115 (1), 220-262

Published in Mark Gradstein and Kai Konrad eds, Institutions and Norms in Economic Development, MIT Press, 2006

L. Althoff and H. Reichardt,

"Jim Crow and Black Economic Progress After Slavery"


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

Published in Mark Gradstein and Kai Konrad eds, Institutions and Norms in Economic Development, MIT Press, 2006

Galí, J. and D. Debortoli,

"Idiosyncratic Income Risk and Aggregate Fluctuations"


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

Published in Mark Gradstein and Kai Konrad eds, Institutions and Norms in Economic Development, MIT Press, 2006

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 in Mark Gradstein and Kai Konrad eds, Institutions and Norms in Economic Development, MIT Press, 2006

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, 2024, 1-31

Published in Mark Gradstein and Kai Konrad eds, Institutions and Norms in Economic Development, MIT Press, 2006

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

"Returns to labour mobility"


The Economic Journal, 2024, 135, 430–454

Published in Mark Gradstein and Kai Konrad eds, Institutions and Norms in Economic Development, MIT Press, 2006

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"


Forthcoming in Journal of the European Economic Association, 2024

Published in Mark Gradstein and Kai Konrad eds, Institutions and Norms in Economic Development, MIT Press, 2006

Galí, J., R. Billi and A. Nakov,

"Optimal Monetary Policy with r*< 0"


Journal of Monetary Economics, 2024, 142, article 103518

Published in Mark Gradstein and Kai Konrad eds, Institutions and Norms in Economic Development, MIT Press, 2006

Jeenas, P. and R. Lagos,

"Q-Monetary Transmission"


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

Published in Mark Gradstein and Kai Konrad eds, Institutions and Norms in Economic Development, MIT Press, 2006

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