Publications - Marina Azzimonti

Academic Publications

Digital Assets and the Exorbitant Dollar Privilege, with V. Quadrini (2024). American Economic Review P&P, vol 114, pp 153-56 » Online Appendix
International Spillovers and Bailouts, with V. Quadrini (2024), Review of Economic Studies, 91 (1), pp 77-128. » Also NBER working paper 25011 » Old Version (2019).
Bargaining over Taxes and Entitlements in the Era of Unequal Growth, with L. Karpuska and G. Mihalache (2023), International Economic Review, 64 (3),pp 893-941. Online Appendix Previous version: NBER working paper 30044.
Political Constraints and Sovereign Default, with N. Mitra (2023), Journal of International Money and Finance, forthcoming. Previous version: NBER working paper 29667.
Social Media Networks, Fake News, and Polarization, with M. Fernandes (2023), European Journal of Political Economy, 76 (doi:10.1016/j.ejpoleco.2022.102256). »This article was discussed in the following blogs: Live Mint and Morgan Stiles. » Older version: NBER Working Paper No. 24462
Comment on “Integrated epi-econ assessment of vaccination,” by Boppart, T. Harmenberg, K., Krusell, P., and Olsson, C., (2022), Journal of Economic Dynamics and Control, 140.
Partisan Conflict, News, and Investors’ Expectations (2021), Journal of Money, Credit, and Banking, 23:5, pp 971-1003.
Does Partisan Conflict Deter FDI Inflows to the US? (2019) Journal of International Economics, 120, pp 162-178. » Media Coverage here » Older version: NBER Working Paper No. 22336
The Optimal Public and Private Provision of Safe Assets, with P. Yared (2019). Journal of Monetary Economics, 102 (also NBER working paper 24534)
Partisan Conflict and Private Investment (2018), Journal of Monetary Economics, 23, pp 114-131. » Download the (longer) Working Paper. » Download Dataset here » Media Coverage here, Blog Coverage and Financial Analysis here. Among most cited papers published since 2017 in JME.
The Politics of FDI Expropriation (2018), International Economic Review, 59:2 . » Download the Working Paper.
A Note on Optimal Fiscal Policy in an Economy with Private Borrowing Limits , with P. Yared, Economics Letters, 151 (2017), pp 62-65.
The Costs and Benefits of Balanced Budget Rules: Lessons from a Political Economy Model of Fiscal Policy , with M. Battaglini and S. Coate, Journal of Public Economics, 136 (2016), pp 45-61.
The dynamics of public investment under persistent electoral advantage, Review of Economic Dynamics, 18:3 (2015), pp 653-678. » Download the Dataset and Replication Codes (STATA)
Financial Globalization, Inequality, and the Raising of Public Debt, with E. de Francisco and V. Quadrini, American Economic Review, 104:8 (2014), pp 2267-2302. » Download Online Appendix, Dataset and Intel Fortran Program. Open Source Fortran replication here. » Download the (longer) Working Paper » This article was cited in The Economist! It was also discussed in: Economic Logic and Marginal Evolution .
Polarized Business Cycles, with Matthew Talbert, Journal of Monetary Economics, 67 (2014), pp 47-61. » Download the Fortran Program » Download the (longer) Working paper. » This article was discussed in the following blogs: NEP-DGE Blog and Economic Logic
Barriers to Investment in Polarized Societies, American Economic Review, 101:5 (2011), pp. 2182-2204.
The political economy of balanced budget amendments, Business Review, Federal Reserve Bank of Philadelphia (Q1, 2013). » This article was discussed in EconoMonitor.
Aggregation and Aggregation, with E. de Francisco and P. Krusell, Journal of the European Economic Association, 6:2-3 (2008), pp. 381-94.
Production Subsidies and Redistribution, with E. de Francisco and P. Krusell, Journal of Economic Theory, 142:1 (2008). (Also circulated as “The Political Economy of Labor Subsidies.”)
Comment on “Politically sustainable social insurance”, by C. Sleet and S. Yeltekin, Journal of Monetary Economics, 55:1 (2008).
Barriers to Foreign Direct Investment Under Political Instability, with P. Sarte, Federal Reserve Bank of Richmond Economic Quarterly, 93:3 (Summer 2007).
Distortionary taxes and public investment when government promises are not enforceable, with P. Sarte and J. Soares, Journal of Economic Dynamics and Control, 33:9 (2009), pp. 1662-81.
Median-Voter Equilibria in the Neoclassical Growth Model Under Aggregation, with E. de Francisco and P. Krusell, Scandinavian Journal of Economics, 108:4 (2006).