Recent Publications

Fornaro, L. and V. Guerrieri,

"Monetary Policy for the Green Transition"


2026

Published in Economic Journal, 123 (1), 2013, 373-400 (previously 'The Political Cost of Reforms')
Read a non-technical summary on VoxEU

Fornaro, L. and M. Wolf,

"Tariffs and Technological Hegemony"


Forthcoming in IMF Economic Review, 2026

Published in Economic Journal, 123 (1), 2013, 373-400 (previously 'The Political Cost of Reforms')
Read a non-technical summary on VoxEU

Nagy, D., R. Juhász, C. Steinwender and W. F. Wong,

"Ports, technology and inter-city trade: The economics and geopolitics of evolving maritime transport networks"


Forthcoming in Regional Science and Urban Economics, 2026

Published in Economic Journal, 123 (1), 2013, 373-400 (previously 'The Political Cost of Reforms')
Read a non-technical summary on VoxEU

Martin, A.,

"Comments on “Financial Repression and the Currency Market under Sanctions” by O. Itskhoki and D. Mukhin"


Forthcoming in Economic Policy, 2026

Published in Economic Journal, 123 (1), 2013, 373-400 (previously 'The Political Cost of Reforms')
Read a non-technical summary on VoxEU

Fornaro, L. and F. Romei,

"Monetary Cooperation during Global Inflation Surges"


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

Published in Economic Journal, 123 (1), 2013, 373-400 (previously 'The Political Cost of Reforms')
Read a non-technical summary on VoxEU

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

"Nonlinear Monetary Policy Tradeoffs"


Forthcoming in The Economic Journal, 2025

Published in Economic Journal, 123 (1), 2013, 373-400 (previously 'The Political Cost of Reforms')
Read a non-technical summary on VoxEU

Fornaro, L.,

"Fiscal Stimulus with Supply Constraints"


IMF Economic Review, 2025, 73, 708-732

Published in Economic Journal, 123 (1), 2013, 373-400 (previously 'The Political Cost of Reforms')
Read a non-technical summary on VoxEU

Mathieu Taschereau-Dumouchel and E. Schaal,

"Coordinating Business Cycles"


Journal of Monetary Economics, 2025, 155, article 103829

Published in Economic Journal, 123 (1), 2013, 373-400 (previously 'The Political Cost of Reforms')
Read a non-technical summary on VoxEU

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

"Monetary Policy and Endogenous Financial Crises"


Forthcoming in The Review of Economic Studies, 2025

Published in Economic Journal, 123 (1), 2013, 373-400 (previously 'The Political Cost of Reforms')
Read a non-technical summary on VoxEU

Debortoli, D. and J. Galí,

"Heterogeneity and Aggregate Fluctuations: Insights from TANK Models"


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

Published in Economic Journal, 123 (1), 2013, 373-400 (previously 'The Political Cost of Reforms')
Read a non-technical summary on VoxEU

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