Research: publications
Real Interest Rates and Productivity in Small Open Economies (with L. Sala and D. Siena), Journal of International Economics, Volume 142, May 2023 .
Financial Markets and Unemployment (with V. Quadrini and A. Trigari), Journal of Financial Economics, Volume 147, Issue 3, March 2023
Fiscal Policy in Europe: Controversies over Rules, Mutual Insurance, and Centralization (with F. Bilbiie and R. Perotti), Journal of Economic Perspectives (Spring 2021).
The Inherent Benefit of Monetary Unions (with D. Groll), Journal of Monetary Economics Volume 111, May 2020, Pages 63-79.
Is Government Spending at the Zero Lower Bound Desirable? (with F. Bilbiie and R. Perotti), American Economic Journal: Macroeconomics (July 2018). Appendix
Understanding the Gains from Wage Flexibility: the Exchange Rate Connection (with J. Galí), American Economic Review, Vol 106, Issue 12 (2016). Appendix
Is Monetary Policy in an Open Economy Fundamentally Different?, IMF Economic Review (2013).
Public Debt and Redistribution with Borrowing Constraints (with F. Bilbiie and R. Perotti), Economic Journal (2013).
Redistribution and the Multiplier, IMF Economic Review (2011) (with R. Perotti).
Housing Finance and Monetary Policy (with A. Calza and L. Stracca), Journal of the European Economic Association (2013). Top-five cited papers in 2014 among those published in JEEA in 2012-2013.
Taxes and the Labor Market, (with R. Perotti and A. Trigari), in Fiscal Policy and Macroeconomic Performance, Series on Central Banking, Analysis, and Economic Performance, Central Bank of Chile, L. Céspedes and J. Gali, eds.
Unemployment Fiscal Multipliers, Journal of Monetary Economics, 57 (2010) 531–553 (with R. Perotti and A. Trigari).
Fiscal Policy, the Real Exchange Rate, and Traded Goods, Economic Journal, Volume 120, Issue 544, May 2010, 437-461 (with R. Perotti).
New Keynesian Models, Durable Goods, and Collateral Constraints, Journal of Monetary Economics, Volume 56:2, March 2009.
The International Dimension of Inflation: Evidence from Disaggregated Data, Journal of Money, Credit and Banking, Vol.41, N.1 2009 (with L. Sala).
Optimal Monetary and Fiscal Policy in a Currency Union, Journal of International Economics, December 76 (2008), 116-132 (with J. Galí).
Openness and the Sectoral Effects of Fiscal Policy (with R. Perotti), April-May 2008, Journal of the European Economic Association (P&P) 6 (2-3).
Optimal Monetary Policy in a Small Open Economy with Home Bias, (with E. Faia), Journal of Money Credit and Banking , Vol. 40, No 4 (June 2008).
Optimal Interest Rate Rules, Asset Prices and Credit Frictions, (with E. Faia), Journal of Economic Dynamics and Control, Volume 31, Issue 10, Oct. 2007, Pg. 3228-3254.
Optimal Monetary Policy with Collateralized Household Debt and Borrowing Constraints, in Campbell, John Y. (ed.), Asset Prices and Monetary Policy, NBER and University of Chicago Press (2007).
Monetary Policy and Exchange Rate Volatility in a Small Open Economy (with , J. Galí), Review of Economic Studies, Volume 72, Number 3 (July 2005).
Monetary Policy in a Low Pass-Through Environment, Journal of Money Credit and Banking, Vol. 37, N. 6. 1047-1066 (2005).
Into the Mussa Puzzle: Monetary Policy Regimes and the Real Exchange Rate in a Small Open Economy, Journal of International Economics , Vol. 62, Issue 1, Pages 1-243 (2004).
New International Monetary Arrangements and the Exchange Rate, International Journal of Finance and Economics, Volume 6, issue 4 (2001).
Commitment, Discretion and Fixed Exchange Rates in an Open Economy, in Exchange Rates and Business Cycles: A New Open Economy View. J.O. Hairault and T.Sopraseuth Eds., Routledge (2003).
How Much (A)symmetry in Europe ? Evidence from Industrial Sectors, European Economic Review, Vol. 39 # 5, May 1995 (with R.Helg, P