Recent Publications

Nagy, D., C. Ducruet, R. Juhász and C. Steinwender,

"All Aboard: The Effects of Port Development"


Forthcoming in Journal of International Economics, 2024

Published in External Financial Vulnerability and Preventive Policies, R. Caballero, C. Calderón, and L. Céspedes (eds.), Eight Annual Conference of the Central Bank of Chile, 2006, 15-39

Jeenas, P. and R. Lagos,

"Q-Monetary Transmission"


Forthcoming in Journal of Political Economy, 2024

Published in External Financial Vulnerability and Preventive Policies, R. Caballero, C. Calderón, and L. Céspedes (eds.), Eight Annual Conference of the Central Bank of Chile, 2006, 15-39

J. Díaz-Saavedra, R. Marimon and J. Brogueira de Sousa,

"A Worker’s Backpack as Alternative to the Spanish PAYG Pension System"


Journal of the European Economic Association, 2023, 21 (5), 1944-1993

Published in External Financial Vulnerability and Preventive Policies, R. Caballero, C. Calderón, and L. Céspedes (eds.), Eight Annual Conference of the Central Bank of Chile, 2006, 15-39

G. Callegari, R. Marimon, A. Wicht and L. Zavalloni,

"On a Lender of Last Resort with a Central Bank and a Stability Fund"


Review of Economic Dynamics, 2023, 50, 106-130

Published in External Financial Vulnerability and Preventive Policies, R. Caballero, C. Calderón, and L. Céspedes (eds.), Eight Annual Conference of the Central Bank of Chile, 2006, 15-39

Y. Liu, R. Marimon and A. Wicht,

"Making Sovereign Debt Safe with a Financial Stability Fund"


Journal of International Economics, 2023, 145, article 103834

Published in External Financial Vulnerability and Preventive Policies, R. Caballero, C. Calderón, and L. Céspedes (eds.), Eight Annual Conference of the Central Bank of Chile, 2006, 15-39

Galí, J., R. Billi and A. Nakov,

"Optimal Monetary Policy with r*< 0"


Forthcoming in Journal of Monetary Economics, 2023

Published in External Financial Vulnerability and Preventive Policies, R. Caballero, C. Calderón, and L. Céspedes (eds.), Eight Annual Conference of the Central Bank of Chile, 2006, 15-39

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

"Bilateral International Investments: The Big Sur?"


Journal of International Economics, 2023, 145, article 103795

Published in External Financial Vulnerability and Preventive Policies, R. Caballero, C. Calderón, and L. Céspedes (eds.), Eight Annual Conference of the Central Bank of Chile, 2006, 15-39

Á. Ábrahám, J. Brogueira de Sousa, R. Marimon and L. Mayr,

"On the Design of a European Unemployment Insurance System"


European Economic Review, 2023, 156, article 104469

Published in External Financial Vulnerability and Preventive Policies, R. Caballero, C. Calderón, and L. Céspedes (eds.), Eight Annual Conference of the Central Bank of Chile, 2006, 15-39

Schaal, E. and Mathieu Taschereau-Dumouchel,

"Herding through booms and busts*"


Journal of Economic Theory, 2023, 210, 105669

Published in External Financial Vulnerability and Preventive Policies, R. Caballero, C. Calderón, and L. Céspedes (eds.), Eight Annual Conference of the Central Bank of Chile, 2006, 15-39

Galí, J. and D. Debortoli,

"Idiosyncratic Income Risk and Aggregate Fluctuations"


Forthcoming in American Economic Journal: Macroeconomics, 2023

Published in External Financial Vulnerability and Preventive Policies, R. Caballero, C. Calderón, and L. Céspedes (eds.), Eight Annual Conference of the Central Bank of Chile, 2006, 15-39

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