Recent Publications

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

"The Global Financial Resource Curse"


Forthcoming in American Economic Review, 2024

Previously circulated as “The Effects of Conventional and Unconventional Monetary Policy: A New Approach”

Published in Quantitative Economics, 12 (4), 2021, 1085-1138.

L. Althoff and H. Reichardt,

"Jim Crow and Black Economic Progress After Slavery"


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

Previously circulated as “The Effects of Conventional and Unconventional Monetary Policy: A New Approach”

Published in Quantitative Economics, 12 (4), 2021, 1085-1138.

Galí, J. and D. Debortoli,

"Idiosyncratic Income Risk and Aggregate Fluctuations"


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

Previously circulated as “The Effects of Conventional and Unconventional Monetary Policy: A New Approach”

Published in Quantitative Economics, 12 (4), 2021, 1085-1138.

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"


Forthcoming in Journal of the European Economic Association, 2024

Previously circulated as “The Effects of Conventional and Unconventional Monetary Policy: A New Approach”

Published in Quantitative Economics, 12 (4), 2021, 1085-1138.

Asriyan, V. and V. Vanasco,

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


The Review of Economic Studies, 2024, 91/2, 690–719

Previously circulated as “The Effects of Conventional and Unconventional Monetary Policy: A New Approach”

Published in Quantitative Economics, 12 (4), 2021, 1085-1138.

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

Previously circulated as “The Effects of Conventional and Unconventional Monetary Policy: A New Approach”

Published in Quantitative Economics, 12 (4), 2021, 1085-1138.

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

"All Aboard: The Effects of Port Development"


Forthcoming in Journal of International Economics, 2024

Previously circulated as “The Effects of Conventional and Unconventional Monetary Policy: A New Approach”

Published in Quantitative Economics, 12 (4), 2021, 1085-1138.

Galí, J., R. Billi and A. Nakov,

"Optimal Monetary Policy with r*< 0"


Journal of Monetary Economics, 2024, 142, article 103518

Previously circulated as “The Effects of Conventional and Unconventional Monetary Policy: A New Approach”

Published in Quantitative Economics, 12 (4), 2021, 1085-1138.

Jeenas, P. and R. Lagos,

"Q-Monetary Transmission"


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

Previously circulated as “The Effects of Conventional and Unconventional Monetary Policy: A New Approach”

Published in Quantitative Economics, 12 (4), 2021, 1085-1138.

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

Previously circulated as “The Effects of Conventional and Unconventional Monetary Policy: A New Approach”

Published in Quantitative Economics, 12 (4), 2021, 1085-1138.

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