Luca Fornaro

CREI, UPF and BSE

PhD, London School of Economics

Research interests

  • International Macroeconomics
  • Monetary Economics
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Contact

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

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Working Paper
Background

Fiscal Stimulus with Supply Constraints

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BSE Working Paper: 1458 | September 24
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Luca Fornaro,
Working Paper
Background

Monetary Policy in the Age of Automation

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BSE Working Paper: 1290 | September 21
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Martin Wolf, Luca Fornaro,
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Background

Reserve Accumulation, Growth and Financial Crises

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BSE Working Paper: 1279 | July 21
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Michael Wolf, Gianluca Benigno, Luca Fornaro,
Working Paper
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Monetary Cooperation during Global Inflation Surges

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BSE Working Paper: 1313 | January 22
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Federica Romei, Luca Fornaro,
Working Paper
Background

Fragmented Monetary Unions

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BSE Working Paper: 1437 | April 24
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Christoph Grosse-Steffen, Luca Fornaro,
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Background

The scars of supply shocks: Implications for monetary policy

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BSE Working Paper: 1214 | November 20
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Martin Wolf, Luca Fornaro,
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Background

The Global Financial Resource Curse

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BSE Working Paper: 1165 | April 20
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Martin Wolf, Gianluca Benigno, Luca Fornaro,
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A Theory of Monetary Union and Financial Integration

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BSE Working Paper: 1138 | December 19
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Luca Fornaro,
Working Paper
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Covid-19 Coronavirus and Macroeconomic Policy

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BSE Working Paper: 1168 | April 20
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Martin Wolf, Luca Fornaro,
Working Paper
Background

Monetary Policy for a Bubbly World

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BSE Working Paper: 921 | September 16
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Jaume Ventura, Alberto Martin, Luca Fornaro, Vladimir Asriyan,
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The Paradox of Global Thrift (Plus Appendix)

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BSE Working Paper: 1039 | May 18
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Federica Romei, Luca Fornaro,
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International Debt Deleveraging

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BSE Working Paper: 931 | October 16
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Luca Fornaro,
Working Paper
Background

Stagnation Traps

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BSE Working Paper: 832 | September 15
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Gianluca Benigno, Luca Fornaro,
Working Paper
Background

Fiscal Stagnation

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BSE Working Paper: 1488 | April 25
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Martin Wolf, Luca Fornaro,

Publications

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Publication
Recognition Program

Open Access
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Martin Wolf, Luca Fornaro,
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Recognition Program

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Martin Wolf, Gianluca Benigno, Luca Fornaro,
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Recognition Program

Open Access
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Luca Fornaro,
Publication
Recognition Program

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Martin Wolf, Gianluca Benigno, Luca Fornaro,
Publication
Recognition Program

Open Access
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Jaume Ventura, Alberto Martin, Luca Fornaro, Vladimir Asriyan,
Publication
Recognition Program

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Federica Romei, Luca Fornaro,
Publication
Recognition Program

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Gianluca Benigno, Luca Fornaro,
Publication
Recognition Program

teacher
Luca Fornaro,
Publication
Recognition Program

teacher
Gianluca Benigno, Luca Fornaro,
Publication
Recognition Program

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Gianluca Benigno, Luca Fornaro,
Publication
Recognition Program

teacher
Luca Fornaro,
Publication
Recognition Program

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Luca Fornaro,

BSE Focus

Visit BSE Focus to read non-technical summaries of papers and projects by Luca Fornaro and other BSE researchers.

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BSE Focus
Feb 2025
Fragmented Monetary Unions
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The Global Financial Resource Curse

BSE Focus
Feb 2021
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Video: Economic Fluctuations, Productivity Growth and Stabilization Policies: A Keynesian Growth Perspective (ERC Starting Grant)

BSE Focus
Jan 2020
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Related News

News
February 25
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Luca Fornaro awarded ERC Consolidator Grant
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News
September 19
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ERC Starting Grant awarded to Luca Fornaro
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