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Luca FornaroLuca Fornaro
CREI, UPF and BSE
PhD, London School of Economics
Research interests
- International Macroeconomics
- Monetary Economics
Read more 
Teaching at the Barcelona School of Economics
Luca Fornaro is a Senior Researcher at CREI, a Ramón y Cajal Fellow at UPF, and an Affiliated Professor of the Barcelona School of Economics (BSE).
He is also a Research Affiliate of the Centre for Economic Policy Research (CEPR) in London. He has been a Visiting Scholar at the Bank of England, the Federal Reserve Bank of Minneapolis and the Federal Reserve Bank of New York.
Awards, Grants, and Honors
- ERC Consolidator Grant, “Macroeconomic Policies for Productivity Growth” (2024)
- ECB Wim Duisenberg Research Fellowship (2022)
- ERC Starting Grant, “Economic Fluctuations, Productivity Growth and Stabilization Policies: A Keynesian Growth Perspective” (2019)
- BSE-“la Caixa” Foundation Research Grants on Socioeconomic Well-being (2017)
- BSE Seed Grant, “Aggregate Demand Externalities in a Global Liquidity Trap” (2016)
- BSE Seed Grant, “Financial Intermediation and Inequality over the Business Cycle” (2014)
Working Papers
See all
Working Paper
Luca FornaroandMartin Wolf
BSE Working Paper 1530
October 2025
Working Paper
Luca Fornaro
BSE Working Paper 1458
September 2024
Working Paper
Luca FornaroandChristoph Grosse-Steffen
BSE Working Paper 1437
April 2024
Working Paper
Luca FornaroandFederica Romei
BSE Working Paper 1313
January 2022
Working Paper
Luca FornaroandMartin Wolf
BSE Working Paper 1290
September 2021
Working Paper
Gianluca Benigno,Luca Fornaro, andMichael Wolf
BSE Working Paper 1279
July 2021
Working Paper
Luca FornaroandMartin Wolf
BSE Working Paper 1214
November 2020
Working Paper
Luca FornaroandMartin Wolf
BSE Working Paper 1168
April 2020
Working Paper
Gianluca Benigno,Luca Fornaro, andMartin Wolf
BSE Working Paper 1165
April 2020
Working Paper
Luca Fornaro
BSE Working Paper 1138
December 2019
Working Paper
Luca FornaroandFederica Romei
BSE Working Paper 1039
May 2018
Working Paper
Vladimir Asriyan,Luca Fornaro,Alberto Martin, andJaume Ventura
BSE Working Paper 921
September 2016
Publications
See allPublication
Luca FornaroandFederica Romei
American Economic Review
January 2026
Publication
The Global Financial Resource Curse
Open Access
Gianluca Benigno, Luca Fornaro, and Martin Wolf
American Economic Review
February 2025
Publication
Luca FornaroandMartin Wolf
Journal of Monetary Economics
October 2023
Publication
Gianluca Benigno, Luca Fornaro, and Martin Wolf
Journal of International Economics
October 2022
Publication
Luca Fornaro
Review of Economic Studies
July 2021
Publication
Monetary Policy for a Bubbly World
Open AccessVladimir Asriyan, Luca Fornaro, Alberto Martin, and Jaume Ventura
Review of Economic Studies
July 2020
Publication
Luca FornaroandFederica Romei
American Economic Review
July 2019
Publication
Luca Fornaro
Journal of the European Economic Association
September 2017
Publication
Gianluca BenignoandLuca Fornaro
The Scandinavian Journal of Economics
December 2015
Publication
Gianluca Benigno, Nathan Converse, and Luca Fornaro
Journal of International Money and Finance
December 2015
Publication
Luca Fornaro
Journal of International Economics
December 2015
BSE Focus
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