Recent Publications

Fornaro, L.,

"The Scars of Supply Shocks"


Forthcoming in Journal of Monetary Economics, 2023

Published in Journal of International Economics, 46 (1), 1998, 133-166 with the title ‘Sources and Propagation of International Output Cycles: Common Shocks or Transmission?’

M. Santamaría, J. Ventura and U. Yeşilbayraktar,

"Exploring European Regional Trade"


Forthcoming in Journal of International Economics, 2023

Published in Journal of International Economics, 46 (1), 1998, 133-166 with the title ‘Sources and Propagation of International Output Cycles: Common Shocks or Transmission?’

Nagy, D.,

"Hinterlands, city formation and growth: Evidence from the U.S. westward expansion"


Forthcoming in The Review of Economic Studies, 2023

Published in Journal of International Economics, 46 (1), 1998, 133-166 with the title ‘Sources and Propagation of International Output Cycles: Common Shocks or Transmission?’

Asriyan, V., D. Foarta and V. Vanasco,

"The Good, the Bad and the Complex: Product Design with Imperfect Information"


Forthcoming in American Economic Journal: Microeconomics, 2023

Published in Journal of International Economics, 46 (1), 1998, 133-166 with the title ‘Sources and Propagation of International Output Cycles: Common Shocks or Transmission?’

Asriyan, V. and V. Vanasco,

"Security Design in Non-Exclusive Markets with Asymmetric Information"


Forthcoming in The Review of Economic Studies, 2023

Published in Journal of International Economics, 46 (1), 1998, 133-166 with the title ‘Sources and Propagation of International Output Cycles: Common Shocks or Transmission?’

K. Greulich, S. Laczó and A. Marcet,

"Pareto-Improving Optimal Capital and Labor Taxes"


Forthcoming in Journal of Political Economy, 2023

Published in Journal of International Economics, 46 (1), 1998, 133-166 with the title ‘Sources and Propagation of International Output Cycles: Common Shocks or Transmission?’

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

"Reserve Accumulation, Growth and Financial Crises"


Journal of International Economics, 2022, 139, article 103660

Published in Journal of International Economics, 46 (1), 1998, 133-166 with the title ‘Sources and Propagation of International Output Cycles: Common Shocks or Transmission?’

Ghassibe, M. and F. Zanetti,

"State Dependence of Fiscal Multipliers: The Source of Fluctuations Matters"


Journal of Monetary Economics, 2022, 132, 1-23

Published in Journal of International Economics, 46 (1), 1998, 133-166 with the title ‘Sources and Propagation of International Output Cycles: Common Shocks or Transmission?’

Nagy, D.,

"Trade and Urbanization: Evidence from Hungary"


American Economic Journal: Microeconomics, 2022, 14 (3), 733-790

Published in Journal of International Economics, 46 (1), 1998, 133-166 with the title ‘Sources and Propagation of International Output Cycles: Common Shocks or Transmission?’

Fornaro, L.,

"A Theory of Monetary Union and Financial Integration"


The Review of Economic Studies, 2022, 89 (4), 1911-1947

Published in Journal of International Economics, 46 (1), 1998, 133-166 with the title ‘Sources and Propagation of International Output Cycles: Common Shocks or Transmission?’

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