Recent Publications

Asriyan, V., L. Laeven, A. Martin, A. Van der Ghote and V. Vanasco,

"Falling Interest Rates and Credit Reallocation: Lessons from General Equilibrium"


The Review of Economic Studies, 2025, 92 (4), 2197-2227

First draft December 2023

Read a non-technical summary in The NBER Digest and BSE Focus

Fornaro, L. and F. Romei,

"An International Perspective on Inflation during the Covid-19 Recovery"


Forthcoming in 2025

First draft December 2023

Read a non-technical summary in The NBER Digest and BSE Focus

Ponzetto, G. and U. Troiano,

"Social Capital, Government Expenditures, and Growth"


Journal of the European Economic Association, 2025, 23 (2), 632-681

First draft December 2023

Read a non-technical summary in The NBER Digest and BSE Focus

Broner, F., A. Martin, C. Trebesch, J. Meyer and J. Zhou Wu,

"Hegemony and International Alignment"


American Economic Association: Papers & Proceedings, 2025, 115, 593-598

First draft December 2023

Read a non-technical summary in The NBER Digest and BSE Focus

A. Abraham, E. Cárceles, R. Marimon and Y. Liu,

"On the Optimal Design of a Financial Stability Fund"


Forthcoming in The Review of Economic Studies, 2025

First draft December 2023

Read a non-technical summary in The NBER Digest and BSE Focus

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

"The Global Financial Resource Curse"


American Economic Review, 2024, 115 (1), 220-262

First draft December 2023

Read a non-technical summary in The NBER Digest and BSE Focus

L. Althoff and H. Reichardt,

"Jim Crow and Black Economic Progress After Slavery"


Quarterly Journal of Economics, 2024, 139 (4), 2279-2330

First draft December 2023

Read a non-technical summary in The NBER Digest and BSE Focus

Galí, J. and D. Debortoli,

"Idiosyncratic Income Risk and Aggregate Fluctuations"


American Economic Journal: Macroeconomics, 2024, 16(4), 279–310

First draft December 2023

Read a non-technical summary in The NBER Digest and BSE Focus

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

"All Aboard: The Effects of Port Development"


Journal of International Economics, 2024, Volume 151, 103963

First draft December 2023

Read a non-technical summary in The NBER Digest and BSE Focus

Baley, I., Lars Ljungqvist and Thomas J. Sargent,

"Returns to labour mobility"


The Economic Journal, 2024, 135, 430–454

First draft December 2023

Read a non-technical summary in The NBER Digest and BSE Focus

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