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 “Understanding the Effects of Legalizing Undocumented Immigrants”.

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

"Bilateral International Investments: The Big Sur?"


Journal of International Economics, 2023, 145, article 103795

Previously circulated as “Understanding the Effects of Legalizing Undocumented Immigrants”.

Schaal, E. and Mathieu Taschereau-Dumouchel,

"Herding through booms and busts*"


Journal of Economic Theory, 2023, 210, 105669

Previously circulated as “Understanding the Effects of Legalizing Undocumented Immigrants”.

Galí, J. and D. Debortoli,

"Idiosyncratic Income Risk and Aggregate Fluctuations"


Forthcoming in American Economic Journal: Macroeconomics, 2023

Previously circulated as “Understanding the Effects of Legalizing Undocumented Immigrants”.

Fornaro, L.,

"The Scars of Supply Shocks"


Forthcoming in Journal of Monetary Economics, 2023

Previously circulated as “Understanding the Effects of Legalizing Undocumented Immigrants”.

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 “Understanding the Effects of Legalizing Undocumented Immigrants”.

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

"Exploring European Regional Trade"


Forthcoming in Journal of International Economics, 2023

Previously circulated as “Understanding the Effects of Legalizing Undocumented Immigrants”.

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 “Understanding the Effects of Legalizing Undocumented Immigrants”.

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 “Understanding the Effects of Legalizing Undocumented Immigrants”.

K. Greulich, S. Laczó and A. Marcet,

"Pareto-Improving Optimal Capital and Labor Taxes"


Forthcoming in Journal of Political Economy, 2023

Previously circulated as “Understanding the Effects of Legalizing Undocumented Immigrants”.

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