Recent Publications

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 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"


Forthcoming in Journal of International Economics, 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"


Forthcoming in Journal of Political Economy, 2024

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

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

G. Callegari, R. Marimon, A. Wicht and L. Zavalloni,

"On a Lender of Last Resort with a Central Bank and a Stability Fund"


Review of Economic Dynamics, 2023, 50, 106-130

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

Y. Liu, R. Marimon and A. Wicht,

"Making Sovereign Debt Safe with a Financial Stability Fund"


Journal of International Economics, 2023, 145, article 103834

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

Broner, F., T. Didier, S. Schmukler and G. von Peter,

"Bilateral International Investments: The Big Sur?"


Journal of International Economics, 2023, 145, article 103795

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

Á. Ábrahám, J. Brogueira de Sousa, R. Marimon and L. Mayr,

"On the Design of a European Unemployment Insurance System"


European Economic Review, 2023, 156, article 104469

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

Schaal, E. and Mathieu Taschereau-Dumouchel,

"Herding through booms and busts*"


Journal of Economic Theory, 2023, 210, article 105669

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

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