Recent Publications

Ghassibe, M. and F. Zanetti,

"State Dependence of Fiscal Multipliers: The Source of Fluctuations Matters"


Journal of Monetary Economics, 2022, 132, 1-23

Forthcoming in Fiscal Federalism: Comparative Experiences and Challenges, Forum of Federations, Ottawa, Canada.

K. Greulich, S. Laczó and A. Marcet,

"Pareto-Improving Optimal Capital and Labor Taxes"


Forthcoming in Journal of Political Economy, 2022

Forthcoming in Fiscal Federalism: Comparative Experiences and Challenges, Forum of Federations, Ottawa, Canada.

Nagy, D.,

"Trade and Urbanization: Evidence from Hungary"


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

Forthcoming in Fiscal Federalism: Comparative Experiences and Challenges, Forum of Federations, Ottawa, Canada.

Fornaro, L.,

"A Theory of Monetary Union and Financial Integration"


The Review of Economic Studies, 2022, 89 (4), 1911-1947

Forthcoming in Fiscal Federalism: Comparative Experiences and Challenges, Forum of Federations, Ottawa, Canada.

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

"Globalization and Political Structure"


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

Forthcoming in Fiscal Federalism: Comparative Experiences and Challenges, Forum of Federations, Ottawa, Canada.

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

"Reserve Accumulation, Growth and Financial Crises"


Forthcoming in Journal of International Economics, 2022

Forthcoming in Fiscal Federalism: Comparative Experiences and Challenges, Forum of Federations, Ottawa, Canada.

Nagy, D.,

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


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

Forthcoming in Fiscal Federalism: Comparative Experiences and Challenges, Forum of Federations, Ottawa, Canada.

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

"Collateral Booms and Information Depletion"


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

Forthcoming in Fiscal Federalism: Comparative Experiences and Challenges, Forum of Federations, Ottawa, Canada.

Caggese, A. and A. Pérez-Orive,

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


European Economic Review, 2022, 142, article 103987

Forthcoming in Fiscal Federalism: Comparative Experiences and Challenges, Forum of Federations, Ottawa, Canada.

Galí, J.,

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


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

Forthcoming in Fiscal Federalism: Comparative Experiences and Challenges, Forum of Federations, Ottawa, Canada.

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