Recent Publications

K. Greulich, S. Laczó and A. Marcet,

"Pareto-Improving Optimal Capital and Labor Taxes"


Forthcoming in Journal of Political Economy, 2022

revised February 2012

Published in L. Céspedes, J. Galí (eds.) Fiscal Policy and Macroeconomic Performance, Series on Central Banking Analysis and Economic Polices, Santiago: Central Bank of Chile, vol. 17, 2013

Nagy, D.,

"Trade and Urbanization: Evidence from Hungary"


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

revised February 2012

Published in L. Céspedes, J. Galí (eds.) Fiscal Policy and Macroeconomic Performance, Series on Central Banking Analysis and Economic Polices, Santiago: Central Bank of Chile, vol. 17, 2013

G. Gancia, G. Ponzetto and J. Ventura,

"Globalization and Political Structure"


Journal of the European Economic Association, 2022, 20 (3), 1276-1310

revised February 2012

Published in L. Céspedes, J. Galí (eds.) Fiscal Policy and Macroeconomic Performance, Series on Central Banking Analysis and Economic Polices, Santiago: Central Bank of Chile, vol. 17, 2013

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

"Reserve Accumulation, Growth and Financial Crises"


Forthcoming in Journal of International Economics, 2022

revised February 2012

Published in L. Céspedes, J. Galí (eds.) Fiscal Policy and Macroeconomic Performance, Series on Central Banking Analysis and Economic Polices, Santiago: Central Bank of Chile, vol. 17, 2013

Nagy, D.,

"Quantitative Economic Geography meets History: Questions, Answers and Challenges"


Regional Science and Urban Economics, 2022, 94, Article 103675

revised February 2012

Published in L. Céspedes, J. Galí (eds.) Fiscal Policy and Macroeconomic Performance, Series on Central Banking Analysis and Economic Polices, Santiago: Central Bank of Chile, vol. 17, 2013

Asriyan, V., L. Laeven and A. Martin,

"Collateral Booms and Information Depletion"


The Review of Economic Studies, 2022, 89 (2), 517–555

revised February 2012

Published in L. Céspedes, J. Galí (eds.) Fiscal Policy and Macroeconomic Performance, Series on Central Banking Analysis and Economic Polices, Santiago: Central Bank of Chile, vol. 17, 2013

Caggese, A. and A. Pérez-Orive,

"How Stimulative are Low Real Interest Rates for Intangible Capital?"


European Economic Review, 2022, 142, article 103987

revised February 2012

Published in L. Céspedes, J. Galí (eds.) Fiscal Policy and Macroeconomic Performance, Series on Central Banking Analysis and Economic Polices, Santiago: Central Bank of Chile, vol. 17, 2013

Galí, J.,

"Insider-Outsider Labor Markets, Hysteresis and Monetary Policy"


Journal of Money, Credit and Banking, 2022, 54(S1), 53-88

revised February 2012

Published in L. Céspedes, J. Galí (eds.) Fiscal Policy and Macroeconomic Performance, Series on Central Banking Analysis and Economic Polices, Santiago: Central Bank of Chile, vol. 17, 2013

Giannone, E., N. Paixao and X. Pang,

"JUE Insight: The Geography of Pandemic Containment"


Forthcoming in Journal of Urban Economics, 2022

revised February 2012

Published in L. Céspedes, J. Galí (eds.) Fiscal Policy and Macroeconomic Performance, Series on Central Banking Analysis and Economic Polices, Santiago: Central Bank of Chile, vol. 17, 2013

A. Innoue and B. Rossi,

"A New Approach to Measuring Economic Policy Shocks, with an Application to Conventional and Unconventional Monetary Policy"


Quantitative Economics, 2021, 12 (4), 1085-1138

revised February 2012

Published in L. Céspedes, J. Galí (eds.) Fiscal Policy and Macroeconomic Performance, Series on Central Banking Analysis and Economic Polices, Santiago: Central Bank of Chile, vol. 17, 2013

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