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

revised November 2013

Published in Journal of Monetary Economics, 61, 2014, 114-142

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

"The Global Financial Resource Curse"


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

revised November 2013

Published in Journal of Monetary Economics, 61, 2014, 114-142

L. Althoff and H. Reichardt,

"Jim Crow and Black Economic Progress After Slavery"


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

revised November 2013

Published in Journal of Monetary Economics, 61, 2014, 114-142

Galí, J. and D. Debortoli,

"Idiosyncratic Income Risk and Aggregate Fluctuations"


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

revised November 2013

Published in Journal of Monetary Economics, 61, 2014, 114-142

Nagy, D., C. Ducruet, R. Juhász and C. Steinwender,

"All Aboard: The Effects of Port Development"


Journal of International Economics, 2024, Volume 151, 103963

revised November 2013

Published in Journal of Monetary Economics, 61, 2014, 114-142

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

revised November 2013

Published in Journal of Monetary Economics, 61, 2014, 114-142

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

"Returns to labour mobility"


The Economic Journal, 2024, 135, 430–454

revised November 2013

Published in Journal of Monetary Economics, 61, 2014, 114-142

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"


Forthcoming in Journal of the European Economic Association, 2024

revised November 2013

Published in Journal of Monetary Economics, 61, 2014, 114-142

Galí, J., R. Billi and A. Nakov,

"Optimal Monetary Policy with r*< 0"


Journal of Monetary Economics, 2024, 142, article 103518

revised November 2013

Published in Journal of Monetary Economics, 61, 2014, 114-142

Jeenas, P. and R. Lagos,

"Q-Monetary Transmission"


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

revised November 2013

Published in Journal of Monetary Economics, 61, 2014, 114-142

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