Macroeconomics and Monetary Economics

Bond vs Bank Finance and the Great Recession

Martins, Manuel M. F. and Fábio Verona; “Bond vs Bank Finance and the Great Recession”, Finance Research Letters, forthcoming.

Endogenous Growth and Real Effects of Monetary Policy: R&D and Physical Capital Complementarities

Gil, Pedro Mazeda and Gustavo Iglésias; "Endogenous Growth and Real Effects of Monetary Policy: R&D and Physical Capital Complementarities", Journal of Money, Credit and Banking, forthcoming.  

Okun’s Law Across Time and Frequencies

Aguiar-Conraria, Luís , Manuel M.F. Martins and Maria Joana Soares (2020); "Okun’s Law Across Time and Frequencies", Journal of Economic Dynamics and Control, 116, 103897.        

Entrepreneurship and Happiness: Does National Culture Matter?

Teixeira, A.A.C. and  R. Vasque (2020); "Entrepreneurship and Happiness: Does National Culture Matter?", Journal of Developmental Entrepreneurship, 25(1), 2050007.

Determinants shaping the international currency system: Where do currencies stand relative to their equilibria?

Siranova, M. and Manuel Duarte Rocha (2020); "Determinants shaping the international currency system: Where do currencies stand relative to their equilibria?",  The World Economy, 43(2), pp.458-483.  

Sticky Price Models, Durable Goods and Real Wage Rigidities

Çenesiz, Alper and Luís Guimarães (2019); "Sticky Price Models, Durable Goods and Real Wage Rigidities", Journal of Money Credit and Banking, 51(2-3), pp. 721-737.    

Low Skill Wages and Mismeasured Inflation

Guimarães, Luís (2019); "Low Skill Wages and Mismeasured Inflation", Applied Economics Letters, 26, pp. 909-913.

How powerful are trade unions? A skill-biased technological change approach

Neto, António, Óscar Afonso and Sandra Silva (2019); "How powerful are trade unions? A skill-biased technological change approach", Macroeconomic Dynamics, 23(2), pp. 730-774.

Residential Property Loans and Bank Performance during Property Price Booms: Evidence from Europe

Martins, A. M., A. P. Serra, F. V. Martins and S. Stevenson (2019); "Residential Property Loans and Bank Performance during Property Price Booms: Evidence from Europe", Annals of Economics and Finance, 20(1), pp. 247-295.

Measuring the stock of human capital in Cape Verde, 1950-2012

Moreira, S., Pedro Cosme Vieira and Aurora Teixeira (2019); "Measuring the stock of human capital in Cape Verde, 1950-2012 ", Portuguese Journal of Social Science, 18(2), pp. 229-251.

Does the deposits channel work under a low interest rate environment?

, Ana Isabel and José Jorge (2019); “Does the deposits channel work under a low interest rate environment?”, Economics Letters, 185, 108736.        

Investment, Tobin's Q, and Cash Flow Across Time and Frequencies

Canova, Fabio (2019); "Investment, Tobin's Q, and Cash Flow Across Time and Frequencies",  Oxford Bulletin of Economics and Statistics, 82, 2, pp. 331-346.

The Sources of the Wage Losses of Displaced Workers: The Role of the Reallocation of Workers into Firms, Matches, and Job Titles

Raposo, P., Portugal, P. and Anabela Carneiro; "The Sources of the Wage Losses of Displaced Workers: The Role of the Reallocation of Workers into Firms, Matches, and Job Titles", Journal of Human Resources, forthcoming.

Estimating the Taylor Rule in the Time-Frequency Domain

Aguiar-Conraria, Luís, Manuel M. F. Martins, and Maria Joana Soares (2018); "Estimating the Taylor Rule in the Time-Frequency Domain", Journal of Macroeconomics, 57, pp. 122-137.

Who cares about the day after tomorrow? Pension issues when households are myopic or time inconsistent

Börsch-Supan A., K. Härtl and D. N. Leite (2018); "Who cares about the day after tomorrow? Pension issues when households are myopic or time inconsistent", Review of Development Economics, 22(3), pp. 953-989.

Earnings test, non-actuarial adjustments and flexible retirement

Börsch-Supan A., K. Härtl and D.N. Leite (2018); "Earnings test, non-actuarial adjustments and flexible retirement",  Economics Letters, 173, pp. 78-83.

Bridging the Gap between Economic Modelling and Simulation: A Simple Dynamic Aggregate Demand-Aggregate Supply Model with Matlab

Gaspar, José M. (2018); "Bridging the Gap between Economic Modelling and Simulation: A Simple Dynamic Aggregate Demand-Aggregate Supply Model with Matlab", Journal of Applied Mathematics, 3193068.

Should the ECB coordinate EMU fiscal policies?

Kirsanova, T., C. Machado and A.P. Ribeiro (2018); "Should the ECB coordinate EMU fiscal policies?", International Journal of Central Banking.

Endogenous growth and entropy

Sequeira, T.N., Pedro Mazeda Gil and Óscar Afonso (2018); "Endogenous growth and entropy", Journal of Economic Behavior & Organization, 154, pp. 100-120.

Optimal discretionary monetary and fiscal policies in a country-size heterogeneous monetary union

Vieira, Paulo, C. Machado and A.P. Ribeiro (2018); "Optimal discretionary monetary and fiscal policies in a country-size heterogeneous monetary union", Journal of Economic Dynamics and Control, 93, pp. 154-174.

Business cycle synchronization across U.S. states

Aguiar-Conraria, Luís, Pedro Brinca, Haukur Viðar Guðjónsson and Maria Joana Soares (2017); "Business cycle synchronization across U.S. states", B.E. Journal of Macroeconomics, 17(1), pp. 1-15.

An empirical analysis of the demographic trends in Least Developed Countries

Nagarajan, R., A.A.C. Teixeira and S. T. Silva (2017); An empirical analysis of the demographic trends in Least Developed Countries, Ageing International, 42(3), pp. 251-273.

Accounting for Business Cycles

Brinca, Pedro, V.V. Chari, Patrick J., Kehoe and Ellen McGrattan (2016); "Accounting for Business Cycles", Handbook of Macroeconomics, 2, pp. 1013-1063.

Is stochastic Volatility Relevant for Dynamic Portfolio Choice Under Ambiguity?

Faria, Gonçalo and João Correia-da-Silva (2016); Is stochastic Volatility Relevant for Dynamic Portfolio Choice Under Ambiguity?, European Journal of Finance, 22(7), pp. 601-626.

A Note on Skill-Structure Shocks, the Share of the High-Tech Sector and Economic Growth Dynamics

Gil, Pedro Mazeda, Óscar Afonso and Paulo B. Vasconcelos (2016); "A Note on Skill-Structure Shocks, the Share of the High-Tech Sector and Economic Growth Dynamics", Macroeconomic Dynamics, 20(7), pp. 1906-–1923.

Effects of Political Rivalry On Public Investments in Education and Income Inequality

Sochirca, Elena, Óscar Afonso, Sandra T. Silva and Pedro C. Neves (2016); "Effects of Political Rivalry On Public Investments in Education and Income Inequality", Journal of Policy Modeling, 38(2), pp. 372–-396.

Labour market regulation and collective bargaining in Portugal during the crisis: Continuity and change

Távora, Isabel and Pilar González (2016); "Labour market regulation and collective bargaining in Portugal during the crisis: Continuity and change", European Journal of Industrial Relations, 22(3), pp. 251-265.

Time-frequency characterization of the U.S. financial cycle

Verona, Fabio (2016); "Time-frequency characterization of the U.S. financial cycle", Economics Letters, 144, pp. 75-79.

Assessing Welfare Impacts of Some Debt-Consolidation Episodes in the European Union

Viegas, Miguel and Ana Paula Ribeiro (2016); "Assessing Welfare Impacts of Some Debt-Consolidation Episodes in the European Union", Macroeconomic Dynamics, 20(5), pp. 1146-1173.

Sports and (Real) Business Cycles

Çenesiz, M. Alper and Christian Pierdzioch (2015); "Sports and (Real) Business Cycles", Applied Economics Letters, 22(3), pp. 233-238.

Do stress tests matter? A study on the impact of the disclosure of stress test results on European financial stocks and CDS markets

Alves, Carlos, Victor Mendes and Paulo Pereira Silva (2015); "Do stress tests matter? A study on the impact of the disclosure of stress test results on European financial stocks and CDS markets", Applied Economics, 47(12), pp. 1213-1229.

A hysteresis model-based indicator for employment adjustment rigidity

Mota, Paulo Ricardo, José Varejão and Paulo B. Vasconcelos (2015); "A hysteresis model-based indicator for employment adjustment rigidity", Empirica, 42(3), pp. 547-569.

A Relação entre o Produto e o Desemprego: Evidência Nacional e Regional em Portugal

Pinho, Maria Manuel and Manuel Correia de Pinho (2015); "A Relação entre o Produto e o Desemprego: Evidência Nacional e Regional em Portugal", Revista Portuguesa de Estudos Regionais, 38, pp. 19-36.

Welfare and inequality effects of debt consolidation processes: the case of Spain, 1996–2007

Viegas, Miguel and Ana Paula Ribeiro (2015); "Welfare and inequality effects of debt consolidation processes: the case of Spain, 1996–2007", SERIEs, 6(4), pp. 479–496.

The Economic Adjustment Program for Portugal: Assessing Welfare Impact in a Heterogeneous-agent Framework

Viegas, Miguel and Ana Paula Ribeiro (2014); "The Economic Adjustment Program for Portugal: Assessing Welfare Impact in a Heterogeneous-agent Framework", Portuguese Economic Journal, 13(1), pp. 53-70.

Investment dynamics with information costs

Verona, Fabio (2014); "Investment dynamics with information costs",  Journal of Money Credit and Banking, 46(8), pp. 1627-1656.

Pervasive inattentiveness

Verona, Fabio (2014); "Pervasive inattentiveness", Economics Letters, 125(2), pp. 287-290.

Catastrophic Job Destruction During the Portuguese Economic Crisis

Carneiro, Anabela, Pedro Portugal and José Varejão (2014); "Catastrophic Job Destruction During the Portuguese Economic Crisis", Journal of Macroeconomics, 39, pp. 444-457.

Welfare-improving Government Behavior and Inequality in a Heterogeneous Agents Model

Viegas, Miguel and Ana Paula Ribeiro (2013); "Welfare-improving Government Behavior and Inequality in a Heterogeneous Agents Model", Journal of Macroeconomics, 37, pp. 146-160.

(Un)anticipated Monetary Policy in a DSGE Model with a Shadow Banking System

Verona, Fabio, Manuel M. F. Martins and Inês Drumond (2013); "(Un)anticipated Monetary Policy in a DSGE Model with a Shadow Banking System", International Journal of Central Banking, 9(3), pp. 73-117.

Animal Spirits and the Composition of Innovation in a Lab-Equipment R&D Model with Transition

Gil, Pedro (2013); "Animal Spirits and the Composition of Innovation in a Lab-Equipment R&D Model with Transition", Journal of Economics, 108(1), pp.  1-33.

The Dutch Experience: Assessing the Welfare Impacts of Two Consolidation Strategies Using a Heterogeneous-agent Framework

Viegas, Miguel and Ana Paula Ribeiro (2013); "The Dutch Experience: Assessing the Welfare Impacts of Two Consolidation Strategies Using a Heterogeneous-agent Framework", Economic Modelling, 32, pp. 351-360.

Anchoring to the Euro (and grouped together)? The Case of African Countries

Loureiro, João, Manuel M. F. Martins and Ana Paula Ribeiro (2012); "Anchoring to the Euro (and grouped together)? The Case of African Countries", Journal of African Economies, 21(1), pp. 28-64.

Interest Rate Pass-through in Portugal: Interactions, Asymmetries and Heterogeneities

Rocha, Manuel Duarte (2012); "Interest Rate Pass-through in Portugal: Interactions, Asymmetries and Heterogeneities", Journal of Policy Modeling, 34(1), pp. 64-80.

The Yield Curve and the Macro-economy across Time and Frequencies

Aguiar-Conraria, Luís, Manuel M. F. Martins and Maria Joana Soares (2012); "The Yield Curve and the Macro-economy across Time and Frequencies", Journal of Economic Dynamics and Control, 36(12), pp. 1950-1970.

Real Wages and the Business Cycle: Accounting for Worker, Firm, and Job Title Heterogeneity

Carneiro, Anabela, Paulo Guimarães and Pedro Portugal (2012); "Real Wages and the Business Cycle: Accounting for Worker, Firm, and Job Title Heterogeneity", American Economic Journal: Macroeconomics, 4(2), pp. 133-152.

Level, Slope, Curvature of the Sovereign Yield Curve, and Fiscal Behaviour

Afonso, António and Manuel M. F. Martins (2012); "Level, Slope, Curvature of the Sovereign Yield Curve, and Fiscal Behaviour", Journal of Banking and Finance, 36(6), pp. 1789-1807.

The Euro Area Ten Years After Its Creation: (Divergent) Competitiveness and the Optimum Currency Area Theory

Barbosa, João Rebelo and Rui Henrique Alves (2011); "The Euro Area Ten Years After Its Creation: (Divergent) Competitiveness and the Optimum Currency Area Theory", Panoeconomicus, 58(5), pp. 605-629.

Capital Mobility and Labor Market Volatility

Çenesiz, M. Alper and Christian Pierdzioch (2010); "Capital Mobility and Labor Market Volatility", International Economics and Economic Policy, 7(4), pp. 391-409.

Foreign Ownership and Firm Hazard During Crises: The Moderating Role of Industry's Technological Intensity

Varum, Celeste, Vera Rocha and Hélder Valente da Silva (2010); "Foreign Ownership and Firm Hazard During Crises: The Moderating Role of Industry's Technological Intensity", The Empirical Economics Letters, 9(12), pp. 1132 -1137.

Cape Verde: The Case for Euroization

Loureiro, João, Manuel António Martins and Ana Paula Ribeiro (2010); "Cape Verde: The Case for Euroization", South African Journal of Economics, 78 (3), pp. 248-268.

Financial Market Integration, Costs of Adjusting Hours Worked, and Monetary Policy

Çenesiz, M. Alper and Christian Pierdzioch (2010); "Financial Market Integration, Costs of Adjusting Hours Worked, and Monetary Policy", Economic Notes: Review of Banking Finance & Economic Policy, 39(1-2), pp. 1-25.

Efficiency Wages, Financial Market Integration, and the Fiscal Multiplier

Çenesiz, M. Alper and Christian Pierdzioch (2009); "Efficiency Wages, Financial Market Integration, and the Fiscal Multiplier",  Journal of International Money and Finance, 28 (5), pp. 853-867.

Monetary Policy and the Transition Costs of a Labor Market Reform

Aguiar, Álvaro and Ana Paula Ribeiro (2009); "Monetary Policy and the Transition Costs of a Labor Market Reform", Journal of Macroeconomics, 31(4), pp. 547-560.

Public Deficits and Economic Growth

Afonso, Óscar, Rui Henrique Alves and Paulo B. Vasconcelos (2009);"Public Deficits and Economic Growth", Economic Modelling, 26(5), pp. 1101-1109.

Why Do Bank Loans React with a Delay to Shifts in Interest Rates? A Bank Capital Explanation

Jorge, José (2009); "Why Do Bank Loans React with a Delay to Shifts in Interest Rates? A Bank Capital Explanation", Economic Modelling, 26(5), pp. 799-806.

The Role of Interbank Markets in Monetary Policy: A Model with Rationing

Freixas, Xavier and José Jorge (2008); "The Role of Interbank Markets in Monetary Policy: A Model with Rationing", Journal of Money, Credit and Banking, 40(6), pp. 1151-1176.

Testing the Significance and the Non-linearity of the Phillips Trade-off in the Euro Area

Aguiar, Álvaro and Manuel M. F. Martins (2005); "Testing the Significance and the Non-linearity of the Phillips Trade-off in the Euro Area", Empirical Economics, 30(3), pp. 665-691.
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