Recent Publications

Galí, J., R. Billi and A. Nakov,

"Optimal Monetary Policy with r*< 0"


Forthcoming in Journal of Monetary Economics, 2023

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

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

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

"Bilateral International Investments: The Big Sur?"


Forthcoming in Journal of International Economics, 2023

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

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

Schaal, E. and Mathieu Taschereau-Dumouchel,

"Herding through booms and busts*"


Journal of Economic Theory, 2023, 210, 105669

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

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

Fornaro, L.,

"The Scars of Supply Shocks"


Forthcoming in Journal of Monetary Economics, 2023

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, 2023, 00, 1-30

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

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

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

"Exploring European Regional Trade"


Forthcoming in Journal of International Economics, 2023

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.,

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


Forthcoming in The Review of Economic Studies, 2023

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., D. Foarta and V. Vanasco,

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


Forthcoming in American Economic Journal: Microeconomics, 2023

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

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

K. Greulich, S. Laczó and A. Marcet,

"Pareto-Improving Optimal Capital and Labor Taxes"


Forthcoming in Journal of Political Economy, 2023

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

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

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

"Reserve Accumulation, Growth and Financial Crises"


Journal of International Economics, 2022, 139, article 103660

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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