Recent Publications

Fornaro, L. and F. Romei,

"Monetary Cooperation during Global Inflation Surges"


American Economic Review, 2026, 116 (1), 164-188

Previously circulated as “The Interaction between Household and Firm Dynamics and the Amplification of Financial Shocks”

Revised February 2019

Debortoli, D., M. Forni, L. Gambetti and L. Sala,

"Nonlinear Monetary Policy Tradeoffs"


Forthcoming in The Economic Journal, 2025

Previously circulated as “The Interaction between Household and Firm Dynamics and the Amplification of Financial Shocks”

Revised February 2019

Fornaro, L.,

"Fiscal Stimulus with Supply Constraints"


Forthcoming in IMF Economic Review, 2025

Previously circulated as “The Interaction between Household and Firm Dynamics and the Amplification of Financial Shocks”

Revised February 2019

Mathieu Taschereau-Dumouchel and E. Schaal,

"Coordinating Business Cycles"


Journal of Monetary Economics, 2025, 155, article 103829

Previously circulated as “The Interaction between Household and Firm Dynamics and the Amplification of Financial Shocks”

Revised February 2019

F. Boissay, F. Collard, J. Galí and C. Manea,

"Monetary Policy and Endogenous Financial Crises"


Forthcoming in The Review of Economic Studies, 2025

Previously circulated as “The Interaction between Household and Firm Dynamics and the Amplification of Financial Shocks”

Revised February 2019

Debortoli, D. and J. Galí,

"Heterogeneity and Aggregate Fluctuations: Insights from TANK Models"


NBER Macroeconomics Annual, 2025, 39 (1), 307-357

Previously circulated as “The Interaction between Household and Firm Dynamics and the Amplification of Financial Shocks”

Revised February 2019

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, 2025, 92 (4), 2197-2227

Previously circulated as “The Interaction between Household and Firm Dynamics and the Amplification of Financial Shocks”

Revised February 2019

Fornaro, L. and F. Romei,

"An International Perspective on Inflation during the Covid-19 Recovery"


2025, 378–389

Previously circulated as “The Interaction between Household and Firm Dynamics and the Amplification of Financial Shocks”

Revised February 2019

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"


Journal of the European Economic Association, 2025, 23 (2), 632-681

Previously circulated as “The Interaction between Household and Firm Dynamics and the Amplification of Financial Shocks”

Revised February 2019

Broner, F., A. Martin, C. Trebesch, J. Meyer and J. Zhou Wu,

"Hegemony and International Alignment"


American Economic Association: Papers & Proceedings, 2025, 115, 593-598

Previously circulated as “The Interaction between Household and Firm Dynamics and the Amplification of Financial Shocks”

Revised February 2019

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