REM Working Papers REM WPs at IDEAS

Working Papers
Revisiting The Determinants Of Sovereign Bond Yield Volatility.
Carlos Alberto Piscarreta Pinto Ferreira
Working Paper 0241-2022
Are Public Sector Banks in India a Government Failure?” – A Comparative Empirical Analysis of Public Sector and Private Sector Banks in India.
Sahil Chopra
Working Paper 0240-2022
Manipulating Credit: Government Popularityas Driver Ofcredit Cycles
Etienne Lepers
Working Paper 0239-2022
The Great Moderation and the Financial Cycle
Friedrich Lucke
Working Paper 0238-2022
Inflation Targeting and Private Domestic Investment in Developing Countries
Bao-We-Wal BAMBE
Working Paper 0237-2022
The Role of Wage Bargaining Institutions in the Phillips curve Flattening
Francesco De Palma, Samuel Ligonnière, Jamel Saadaoui,Yann Thommen
Working Paper 0236-2022
Financial, Instititional and Macroeconomic Determinants off Cross-Country Portfolio Equity Flows
António Afonso, José Alves, Krzysztof Beck, Karen Jackson
Working Paper 0235-2022
Investor Base Dynamics and Sovereign Bond Yied Volatility
Carlos Alberto Piscarreta Pinto Ferreira
Working Paper 0234-2022
Public Spending and Government Performance in Europe and Asia: Tigers Today and in the Future
Ludger Schuknecht
Working Paper 0233-2022
Optimal threshold taxation: an empirical investigation for developing economies
Lucas Menescal, José Alves
Working Paper 0232-2022
Zombie-Lending in the United States: Prevalence versus Relevance
Maximilian Göbel, Nuno Tavares
Working Paper 0231-2022
Are fiscal consolidation episodes helpful for public sector efficiency?
António Afonso, José Alves
Working Paper 0230-2022
Does income inequality change the relationship between environmental attitudes and subjective well-being? Evidence for 27 European countries
Ary Júnior
Working Paper 0229-2022
Stock Market and Economic Growth: Evidence from Africa
Manuel Ennes Ferreira, João Dias, Jelson Serafim
Working Paper 0228-2022
Finance-Growth Nexus: Evidence from Angola
Manuel Ennes Ferreira, Jelson Serafim, João Dias
Working Paper 0227-2022
Does government spending efficiency improve fiscal sustainability?
António Afonso, José Alves
Working Paper 0226-2022
Risk-taking by banks: Evidence from European Union countries
Maria Teresa Medeiros Garcia, Ana Jin Ye
Working Paper 0225-2022
Minimum Wage and Collective Bargaining Reforms: A Narrative Database for Advanced Economies
António Afonso, João Tovar Jalles, Zoe Venter
Working Paper 0224-2022
Long-range connections and mixed diffusion in fractional networks
R. Vilela Mendes, Tanya Araújo
Working Paper 0223-2022
How Money relates to value? An empirical examination on Gold, Silver and Bitcoin
José Alves, João Quental Gonçalves
Working Paper 0222-2022
Long-range connections, real-world networks and rates of diffusion
Tanya Araújo, R. Vilela Mendes
Working Paper 0221-2022
Technological waves and economic growth: thoughts on the digital revolution
João Ferreira do Amaral
Working Paper 0220-2022
Fiscal sustainability, fiscal reactions, pitfalls and determinants
António Afonso, José Carlos Coelho
Working Paper 0219-2022
Unconventional Monetary Policy in the Euro Area. Impacts on Loans, Employment, and Investment
António Afonso, Francisco Gomes Pereira
Working Paper 0218-2022
To consolidate or not to consolidate? A multi-step analysis to assess needed fiscal sustainability
António Afonso, José Alves, João Tovar Jalles
Working Paper 0217-2022
Determinants of non-performing loans: a panel data approach
Cândida Ferreira
Working Paper 0216-2022
Decentralisation and the environment: Survey-based and cross-country evidence
Luiz de Mello, João Tovar Jalles
Working Paper 0215-2022
The Trade Effects of Pandemics
João Tovar Jalles, Giorgios Karras
Working Paper 0214-2022
Subjective well-being and climate change: Evidence for Portugal
Ary José A. Souza-Jr.
Working Paper 0213-2022
Secular Stagnation: Is Immigration part of the solution?
José Alves, Sandro Morgado
Working Paper 0212-2022
Twin Deficits through the Looking Glass: Time-Varying Analysis in the Euro Area
António Afonso, José Carlos Coelho
Working Paper 0211-2022
Local property tax reform and municipality spending efficiency
António Afonso, Ana Venâncio
Working Paper 0210-2022
Building a hurricane risk map for continental Portugal based on loss data from hurricane Leslie
Andrea Hauser, Carlos Rosa, Rui Esteves, Alexandra Moura, Carlos Oliveira
Working Paper 0209-2021
Fiscal and current account imbalances: the cases of Germany and Portugal
António Afonso, José Carlos Coelho
Working Paper 0208-2021
Climate change and behavior: Do environmental attitudes and perceptions impact on subjective well-being in Europe?
Ary José A. Souza-Jr.
Working Paper 0207-2021
Tax us, if you can: a game theoretic approach to profit shifting within the European Union
Joana Andrade Vicente
Working Paper 0206-2021
Two-way relationship between inequality and growth within fiscal policy channel: an empirical assessment for European countries
José Carlos Coelho, José Alves
Working Paper 0205-2021
Unemployment and financial development: evidence for OECD countries
António Afonso, M. Carmen Blanco-Arana
Working Paper 0204-2021
Euro area time-varying cyclicality of fiscal policy
António Afonso, Francisco Tiago Carvalho
Working Paper 0202-2021
Market Power and Inequality: a model of the Brazilian economy
Pedro Cavalcanti Gonçalves Ferreira
Working Paper 0201-2021
Improving the air connectivity of hub airports: an instrument to boost the economic performance of EU countries?
Maria Inês Castro, Maria Paula Fontoura
Working Paper 0200-2021
Citizens' Confidence in Government and Inefficient Public Spending. Is there a Trust Trap?
Eduardo de Sá Fortes Leitão Rodrigues
Working Paper 0199-2021
Revisiting the informal aspects of the activity of countries, studied through Social Accounting and Socio-Demographic Matrices, with an application to Mozambique.
Susana Santos, Mónica Magaua
Working Paper 0198-2021
The effect of Brexit on British workers living in the EU
Ana Venâncio, João Pereira dos Santos
Working Paper 0197-2021
60%, -4% and 6%, a tale of thresholds for EU fiscal and current account developments
António Afonso, José Carlos Coelho
Working Paper 0196-2021
Protection of natural and social resources. A political economy approach
Donatella Gatti
Working Paper 0195-2021
How inequality drives growth: an investigation of the transmission channels for OECD countries
José Carlos Coelho, José Alves
Working Paper 0194-2021
Minimizing Ruin Probability Under Dependencies for Insurance Pricing
R.L. Gudmundarson, M. Guerra, A. B. de Moura
Working Paper 0193-2021
Gender-based occupational segregation: a bit string approach
Joana Passinhas, Tanya Araújo
Working Paper 0192-2021
Reform of the Brazilian RGPS Pensions System
Filipe de Oliveira Bello, Onofre Alves Simões
Working Paper 0191-2021
Does Public Debt Ownership Structure Matter for a Borrowing Country?
Carlos Alberto Piscarreta Pinto Ferreira
Working Paper 0190-2021
Globalization, Freedoms and Economic Convergence: An empirical exploration of a trivariate relationship using a large panel
Jorge Braga de Macedo, Joaquim Oliveira Martins, João Tovar Jalles
Working Paper 0189-2021
Emerging 21st Century technologies: Is Europe still falling behind?
Hugo Confraria, Vitor Hugo Ferreira and Manuel Mira Godinho
Working Paper 0188-2021
ON THE ROOTS OF UNDERDEVELOPMENT: “WRONG EQUILIBRIUM” OR “MISCOORDINATION”?
JOSE PEDRO PONTES, TELMO PEIXE
Working Paper 0187-2021
How heterogeneous is the impact of energy efficiency on dwelling prices? Evidence from the application of the unconditional quantile hedonic model to the Portuguese residential market
RUI EVANGELISTA, JOÃO ANDRADE E SILVA, ESMERALDA A. RAMALHO
Working Paper 0186-2021
On the classification of financial data with domain agnostic features
João A. Bastos, Jorge Caiado
Working Paper 0185-2021
What drives the allocation of motorways? Evidence from Portugal’s fast-expanding network
Bruno T. Rocha, Nuno Afonso, Patrícia C. Melo, João de Abreu e Silva
Working Paper 0184-2021
PUBLIC AND PRIVATE CAPITAL AND PUBLIC PRIVATE PARTNERSHIPS SERIES CONSTRUCTION FOR MOZAMBIQUE, 1960 – 2017
Teles Huo , Miguel St. Aubyn
Working Paper 0183-2021
Current Account Targeting Hypothesis versus Twin Deficit Hypothesis: the EMU experience of Portugal
António Afonso, José Carlos Coelho
Working Paper 0182-2021
Macroprudential Policy and Aggregate Demand
André Teixeira, Zoë Venter
Working Paper 0181-2021
Uncertainty and Effectiveness of Public Consumption
Eduardo de Sá Fortes Leitão Rodrigues
Working Paper 0180-2021
Panel Granger causality between financial development and economic growth
Cândida Ferreira
Working Paper 0179-2021
Population density and economic development
José Pedro Pontes
Working Paper 0178-2021
Financial deepening, Stock market, Inequality and Poverty: Some African Evidence
Jelson Serafim
Working Paper 0177-2021
Least squares Monte Carlo methods in stochastic Volterra rough volatility models
Henrique Guerreiro, João Guerra
Working Paper 0176-2021
Relativistically into Finance
Vitor H. Carvalho, Raquel M. Gaspar
Working Paper 0175-2021
Motorways, urban growth, and suburbanisation: evidence from three decades of motorway construction in Portugal
Bruno T. Rocha, Patrícia C. Melo, Nuno Afonso, João de Abreu e Silva
Working Paper 0174-2021
Financial development and macroeconomic performance: a panel data approach
Cândida Ferreira
Working Paper 0173-2021
Efficiency of Microfinance Institutions: analysis of Southern African Development Community (SADC) member countries
Elsa Assiaty de L. A. Agostinho, Raquel M. Gaspar
Working Paper 0172-2021
A NEW APPROACH TO THE OPTIMIZATION PROBLEM
João Ferreira do Amaral
Working Paper 0171-2021
ELECTRICITY, EXERGY AND ECONOMIC GROWTH IN MOZAMBIQUE, 1971 – 2014
Teles Huo , Miguel St. Aubyn
Working Paper 0170-2021
Drivers of the Tax Effort: Evidence from a Large Panel
Victor Barros, Joao Tovar Jalles, Joaquim Miranda Sarmento
Working Paper 0169-2021
Can Covid-19 Induce Governments to Implement Tax Reforms in Developing Countries?
Sanjeev Gupta, João Tovar Jalles
Working Paper 0168-2021
The propensity to adaptation under the new era of climate changes
Ary José A. de Souza-Jr., Flávio Terto
Working Paper 0167-2021
Do Financial Markets Reward Government Spending Efficiency?
António Afonso, João Tovar Jalles, Ana Venâncio
Working Paper 0166-2021
Does road accessibility to cities support rural population growth? Evidence for Portugal for the 1991-2011 period
Patrícia C. Melo, Conceição Rego, Paulo Rui Anciães, Nuno Guiomar , José Muñoz-Rojas
Working Paper 0165-2021
Corruption and economic growth: does the size of the government matter?
António Afonso, Eduardo de Sá Fortes Leitão Rodrigues
Working Paper 0164-2021
Honing in on Housing
Zoë Venter
Working Paper 0163-2021
The Role of Fiscal Policies for External Imbalances: Evidence from the European Union
António Afonso, José Carlos Coelho
Working Paper 0162-2021
Explainable models of credit losses
João A. Bastos, Sara M. Matos
Working Paper 0161-2021
Does the Introduction of Stock Exchange Markets Boost Economic Growth in African Countries?
António Afonso, Max Reimers
Working Paper 0160-2021
Asset Liability Management: Evidence from the Banco de Portugal defined benefit pension fund
Maria Teresa Medeiros Garcia, Liane Costa Gabriel
Working Paper 0159-2021
(Non-) Keynesian Effects of Fiscal Austerity: New Evidence from a large sample
António Afonso, José Alves, João Tovar Jalles
Working Paper 0158-2021
Global value chains, value-added generation and structural change in EU core and periphery economies: An Input-Output approach
Tiago Domingues, João Ferreira do Amaral, João Carlos Lopes
Working Paper 0157-2021
International transmission of interest rates: the role of international reserves and sovereign debt
António Afonso, Florence Huart, João Tovar Jalles, Piotr Stanek
Working Paper 0156-2021
Financial development and macroeconomic performance: a cointegration approach
Cândida Ferreira
Working Paper 0155-2020
Breaking Life Expectancy into Small Pieces
Andrey Ugarte and Onofre Alves Simões
Working Paper 0154-2020
The Interplay between Monetary and Fiscal Policies in the EU
Antonio Afonso, Alexandre Sousa
Working Paper 0153-2020
Post-Cartel Behavior: assessing the effects of antitrust policy on Brazilian fuel market
Pedro Cavalcanti G. Ferreira
Working Paper 0152-2020
On the Political Economy Determinants of Tax Reforms: Evidence from Developing Countries
Sanjeev Gupta and João Tovar Jalles
Working Paper 0151-2020
Uncertainty and the Effectiveness of Fiscal Policy in the United States and Brazil: SVAR Approach
Eduardo de Sá Fortes Leitão Rodrigues
Working Paper 0150-2020
Reinsurance of multiple risks with generic dependence structures
M. Guerra, A.B. de Moura
Working Paper 0149-2020
Public Debt and Economic Growth in Brazil
António Afonso, Sérgio Gadelha, Agatha Silva
Working Paper 0148-2020
Government Spending Efficiency, Measurement and Applications: a Cross-country Efficiency Dataset
António Afonso, João Tovar Jalles, Ana Venâncio
Working Paper 0147-2020
Structural Tax Reforms and Public Spending Efficiency
António Afonso, João Tovar Jalles, Ana Venâncio
Working Paper 0146-2020
Evolução das assimetrias na produção de conhecimento científico e tecnológico a nível global: análise com enfoque nas trajetórias de Brasil e Portugal
Manuel Mira Godinho
Working Paper 0145-2020
An Empirical Assessment of Monetary Policy Channels on Income and Wealth Disparities
José Alves, Tomás Silva
Working Paper 0144-2020
Germany as a role model for structural adjustment of peripheral Eurozone economies: the Portuguese case
Marta Silva and João Carlos Lopes
Working Paper 0143-2020
The Pandemonics of Informal Credit Markets
Filipe Correia, António Martins
Working Paper 0142-2020
(De) industrialization in the Von Thünen’s economy
José Pedro Pontes, Armando J. Garcia Pires
Working Paper 0141-2020
Terror and its Fiscal Consequences
Benedict Clements, Sanjeev Gupta, João Tovar Jalles, Saida Khamidova
Working Paper 0140-2020
Investment Home Bias in the European Union
António Martins
Working Paper 0139-2020
Dream Jobs
Giordano Mion, Luca David Opromolla, Gianmarco I.P. Ottaviano
Working Paper 0138-2020
Tax Revenue Reforms and Income Distribution in Developing Countries
Sanjeev Gupta, João Tovar Jalles
Working Paper 0137-2020
Time Inhomogeneous Multivariate Markov Chains: Detecting and Testing Multiple Structural Breaks Occurring at Unknown
Bruno Damásio, João Nicolau
Working Paper 0136-2020
Measuring inequality of opportunity across EU-SILC countries: national and urban-rural perspectives
Zbigniew Mogila , Patricia C. Melo, José M. Gaspar
Working Paper 0135-2020
Exploring the relation between income mobility and inequality at the regional level using EU-SILC microdata
Zbigniew Mogila , Patricia C. Melo, José M. Gaspar
Working Paper 0134-2020
Explaining higher education progress through risk dominance in an n-person coordination (Stag Hunt) game
José Pedro Pontes
Working Paper 0133-2020
This Changes Everything: Climate Shocks and Sovereign Bonds
Serhan Cevik, João Tovar Jalles
Working Paper 0132-2020
Financial Crises and Climate Change
João Tovar Jalles
Working Paper 0131-2020
On the Performance of US Fiscal Forecasts: Government vs. Private Information
Zidong An, João Tovar Jalles
Working Paper 0130-2020
The Size of Government
António Afonso, Ludger Schuknecht, Vito Tanzi
Working Paper 0129-2020
Indicators of Economic Crises: A Data-Driven Clustering Approach
Maximilian Göbel and Tanya Araújo
Working Paper 0128-2020
The return of fiscal policy and the euro area fiscal rule
Vítor Constâncio
Working Paper 0127-2020
The Disposition Effect among mutual fund participants: A Re-Examination
Paulo Silva, Victor Mendes, Margarida Abreu
Working Paper 0126-2020
Labour Productivity in State-Owned Enterprises
António Afonso, Maria João Guedes, Pankaj C. Patel
Working Paper 0125-2020
Self-defeating austerity in Portugal during the Troika’s economic and financial adjustment programme
José Carlos Coelho
Working Paper 0124-2020
The Interaction Between Macroprudential Policy and Financial Stability
Zoe Venter
Working Paper 0123-2020
Neural Network pricing of American put options
Raquel Gaspar, Sara D. Lopes, Bernardo Sequeira
Working Paper 0122-2020
A new assessment of the Troika´s economic policy for Portugal in 2012 following an Input-Output approach
José Carlos Coelho
Working Paper 0121-2020
Political Budget Cycles in the Eurozone
Frederico Silva Leal
Working Paper 0120-2020
Exposure of Belt and Road Economies to China Trade Shocks
Paulo Bastos
Working Paper 0119-2020
Robots, Tasks, and Trade
Erhan Artuc, Paulo Bastos, Bob Rijkers
Working Paper 0118-2020
Semimetric spaces: topological considerations
João Ferreira do Amaral
Working Paper 0117-2020
The relationship between budget deficit and external deficit: the case of Portugal
José Carlos Coelho
Working Paper 0116-2020
Accuracy of European Stock Target Prices
Joana Almeida, Raquel M. Gaspar
Working Paper 0115-2020
Spatial trends of manufacturing – a Von Thünen – Mills approach
José Pedro Pontes, Armando J. Garcia Pires
Working Paper 0114-2020
Growth Accounting and Regressions: New approach and results
Tiago Sequeira, Hugo Morão
Working Paper 0113-2020
Sovereign debt crisis in Portugal and Spain
António Afonso, Nuno Verdial
Working Paper 0112-2019
Sovereign Indebtedness and Financial and Fiscal Conditions
António Afonso, João Tovar Jalles
Working Paper 0111-2019
The Short-Run and Long-Run Determinants of Household Saving: Evidence from OECD countries
Philemon Kwame Opoku
Working Paper 0110-2019
Evaluating the European bank efficiency using Data Envelopment Analysis: evidence in the aftermath of the recent financial crisis
Cândida Ferreira
Working Paper 0109-2019
Periodic attractor in the discrete time best-response dynamics of the rock-paper-scissors game
José Pedro Gaivão, Telmo Peixe
Working Paper 0108-2019
Endogenous Quality and Firm Entry
Rui Faustino
Working Paper 0107-2019
Deep Habits in New Keynesian model with durable goods
Rui Faustino
Working Paper 0106-2019
The development of higher education in Europe as a “coordination game”
José Pedro Pontes and Ana Paula Buhse
Working Paper 0105-2019
Polluting Emissions and GDP: Decoupling Evidence from Brazilian States
João Tovar Jalles
Working Paper 0104-2019
Fiscal Discipline and Exchange Rates: Does Politics Matter?
João Tovar Jalles, Carlos Mulas-Granados, José Tavares
Working Paper 0103-2019
Monetary Aggregates and Macroeconomic Performance: the Portuguese Escudo, 1911-1999
João Tovar Jalles
Working Paper 0102-2019
Wagner and the Fading Voracity Effect: Short vs. Long-Run Effects in Developing Countries
João Tovar Jalles
Working Paper 0101-2019
Explaining Africa's Public Consumption Procyclicality: Revisiting Old Evidence
João Tovar Jalles
Working Paper 0100-2019
Long-run relationship between exports and imports: current account sustainability tests for the EU
António Afonso, Florence Huart, João Tovar Jalles and Piotr Stanek
Working Paper 099-2019
Improving Schools through School Choice: An Experimental Study of Deferred Acceptance
Flip Klijn, Joana Pais, Marc Vorsatz
Working Paper 098-2019
Fiscal episodes in the EMU: Elasticities and non-keynesian effects
António Afonso, Frederico Silva Leal
Working Paper 097-2019
The Interaction Between Conventional Monetary Policy and Financial Stability: Chile, Colombia, Japan, Portugal and the UK
Zoe Venter
Working Paper 096-2019
Young farmers as innovation enablers in rural areas: the role of the EU’s support in a Portuguese peripheric region, Trás-os-Montes
Ana Isabel Guerra and João Carlos Lopes
Working Paper 095-2019
On Path–dependency of Constant Proportion Portfolio Insurance strategies
João Carvalho, Raquel M. Gaspar and João Beleza Sousa
Working Paper 094-2019
Pulled-to-Par Returns for Zero Coupon Bonds - Historical Simulation Value at Risk
J. Beleza Sousa, Manuel L. Esquível and Raquel M. Gaspar
Working Paper 093-2019
Investors' Perspective on Portfolio Insurance - Expected Utility vs Prospect Theories
Raquel M. Gaspar and Paulo M. Silva
Working Paper 092-2019
Labour Productivity, Wages and the Functional Distribution of Income in Portugal: A Sectoral Approach
João Carlos Lopes, José Carlos Coelho, Vítor Escária
Working Paper 091-2019
The dynamic relationship between stock market indexes and foreign exchange
Maria Teresa Medeiros Garcia, Ana Catarina Gomes Rodrigues
Working Paper 090-2019
The Role of Central Banks and the Political Environment in Financial Stability: A Literature Review
Zoe Venter
Working Paper 089-2019
Some stylized facts about deindustrialization in Europe
José Pedro Pontes
Working Paper 088-2019
Global Capital Flows and the Role of Macroprudential Policy*
Sudipto Karmakar and Diogo Lima
Working Paper 087-2019
The Evolution of the World’s Production Fragmentation: 2000 – 2014, a network analysis
Susana Vieira, Renato G. Flôres Jr., Maria Paula Fontoura
Working Paper 086-2019
The Impact of Hedge Fund indices on portfolio performance
Maria Teresa Medeiros Garcia, Gonçalo Liberal
Working Paper 085-2019
Efficiency of the European banks in the aftermath of the financial crisis: A panel stochastic frontier approach
Cândida Ferreira
Working Paper 084-2019
Crises and Emissions:New Empirical Evidence from a Large Sample
João Tovar Jalles
Working Paper 083-2019
On the Cyclicality of Social Expenditure: New Time-Varying evidence from Developing Economies
João Tovar Jalles
Working Paper 082-2019
Cross-country Evidence on the Determinants of Inclusive Growth Episodes
João Tovar Jalles, Luiz de Mello
Working Paper 081-2019
Taxation and Public Spending Efficiency: An International Comparison
António Afonso, João Tovar Jalles, Ana Venâncio
Working Paper 080-2019
Measuring Gender Disparities in Unemployment Dynamics during the Recession: Evidence from Portugal
Joana Passinhas, Isabel Proença
Working Paper 079-2019
How “Big” Should Government Be?
António Afonso, Ludger Schuknecht
Working Paper 078-2019
Controlling Algorithmic Collusion: short review of the literature, undecidability, and alternative approaches
João E. Gata
Working Paper 077-2019
Into the heterogeneities in the Portuguese labour market: an empirical assessment
Fernando Martins, Domingos Seward
Working Paper 076-2019
Regional development of education as a "coordination game"
Ana Paula Buhse, José Pedro Pontes
Working Paper 075-2019
Market Timing with Option-Implied Distributions in an Exponentially Tempered Stable Lévy Market
João Guerra, Manuel Guerra, Zachary Polaski
Working Paper 074-2019
Do households care about cash? Exploring the heterogeneous effects of India's demonetization
Sudipto Karmakar, Abhinav Narayanan
Working Paper 073-2019
Sovereign Ratings and Finance Ministers’ Characteristics
António Afonso, João Tovar Jalles
Working Paper 072-2019
Local territorial reform and regional spending efficiency
António Afonso, Ana Venâncio
Working Paper 071-2019
Asymptotic Poincaré Maps along the Edges of Polytopes
Hassan Najafi Alishah, Pedro Duarte, Telmo Peixe
Working Paper 070-2019
Permanence in Polymatrix Replicators
Telmo Peixe
Working Paper 069-2019
Assessing Pension Expenditure Determinants – the Case of Portugal
Maria Teresa Medeiros Garcia, André Fernando Rodrigues Rocha da Silva
Working Paper 068-2019
The Effects of Macroeconomic, Fiscal and Monetary Policy Announcements on Sovereign Bond Spreads: An Event Study from the EMU
António Afonso, João Tovar Jalles, Mina Kazemi
Working Paper 067-2019
Stock Flow Adjustments in Sovereign Debt Dynamics: The Role of Fiscal Frameworks
António Afonso, João Tovar Jalles
Working Paper 066-2019
The Transmission of Unconventional Monetary Policy to Bank Credit Supply: Evidence from the TLTRO
António Afonso, Joana Sousa-Leite
Working Paper 065-2019
On the use of Hedonic Regression Models to Measure the Effect of Energy Efficiency on Residential Property Transaction Prices: Evidence for Portugal and Selected Data Issues
Rui Evangelista, Esmeralda A. Ramalho, João Andrade e Silva
Working Paper 064-2019
Demographic Changes in a Small Open Economy with Endogenous Time Allocation and Age-Dependent Mortality
João Pereira
Working Paper 063-2019
A DSGE Model to Evaluate the Macroeconomic Impacts of Taxation
José Alves
Working Paper 062-2018
The Relationship between Fiscal and Current Account Imbalances in OECD Economies
António Afonso, Philemon Kwame Opoku
Working Paper 061-2018
An Horizontal Innovation Growth Model with Endogenous Time Allocation and Non-Stable Demography
Manuel Guerra, João Pereira, Miguel St. Aubyn
Working Paper 060-2018
Quasi-Maximum Likelihood and the Kernel Block Bootstrap for Nonlinear Dynamic Models
Paulo M.D.C. Parente, Richard J. Smith
Working Paper 059-2018
The impact of tax structure on investment: an empirical assessment for OECD countries
José Alves
Working Paper 058-2018
The sinful side of taxation: is it possible to satisfy the government hunger for revenues while promoting economic growth?
José Alves
Working Paper 057-2018
Life cycles with Endogenous Time Allocation and Age-Dependent Mortality
Manuel Guerra, João Pereira, Miguel St. Aubyn
Working Paper 056-2018
Generalised Empirical Likelihood Kernel Block Bootstrapping
Paulo M.D.C. Parente, Richard J. Smith
Working Paper 055-2018
The Impact of Foreign Aid on Aggregate Welfare Measures: A Panel Data Analysis
José Alves, Cláudia Couto
Working Paper 054-2018
Capital Account Liberalization and the Composition of Bank Liabilities
Luís A. V. Catão, Daniel Marcel te Kaat
Working Paper 053-2018
Sovereign Bond Yield Spreads Spillovers in the EMU
António Afonso, Mina Kazemi
Working Paper 052-2018
Optimal Tax Structure for Consumption and Income Inequality: an Empirical Assessment
António Afonso, José Alves
Working Paper 051-2018
A General Equilibrium Theory of Occupational Choice under Optimistic Beliefs about Entrepreneurial Ability
Michelle Dell’Era, Luca David Opromolla, Luís Santos-Pinto
Working Paper 050-2018
To Ask or Not To Ask? Collateral versus Screening in Lending Relationships
Hans Degryse, Artashes Karapetyan, Sudipto Karmakar
Working Paper 049-2018
Globalisation and economic growth: A panel data approach
Cândida Ferreira
Working Paper 048-2018
Fiscal Multipliers in the Eurozone: A SVAR Analysis
António Afonso and Frederico Silva Leal
Working Paper 047-2018
Financial Development and Economic Growth: A Study for OECD Countries in the Context of Crisis
António Afonso and M. Carmen Blanco-Arana
Working Paper 046-2018
Tax incidence and fiscal systems: some problems on tax compared history in XIX and XX centuries
José Alves
Working Paper 045-2018
Modeling insurgent-incumbent dynamics: Vector autoregressions, multivariate Markov chains, and the nature of technological competition
Bruno Damásio and Sandro Mendonça
Working Paper 044-2018
The 21st Century - Cluster Formation in the S&P 500
Maximilian Göbel and Tanya Araújo
Working Paper 043-2018
Decomposing and Analysing the Determinants of Current Accounts’ Cyclicality: Evidence from the Euro Area
António Afonso, João Jalles
Working Paper 042-2018
Demand, Supply and Markup Fluctuations
Carlos D. Santos, Luís F. Costa, Paulo Brito
Working Paper 041-2018
The networks of inter-industry flows in a SAM framework
Susana Santos, Tanya Araújo
Working Paper 040-2018
Non-base wage components as a source of wage adaptability to shocks: Evidence from European firms, 2010-2013
Jan Babecky, Clémence Berson, Ludmila Fadejeva, Ana Lamo, Petra Marotzke, Fernando Martins, Pawel Strzelecki
Working Paper 039-2018
Government Size, Unemployment, and Inflation Nexus in Eight Large Emerging Market Economies
António Afonso, Huseyin Sen, Ayse Kaya
Working Paper 038-2018
The effects of official and unofficial information on tax compliance
Filomena Garcia, Luca David Opromolla, Andrea Vezzulli, Rafael Marques
Working Paper 037-2018
Real Effects of Financial Distress: The Role of Heterogeneity
Francisco Buera, Sudipto Karmakar
Working Paper 036-2018
A static approach to the Nelson-Siegel-Svensson model: an application for several negative yield cases
Maria Teresa Medeiros Garcia, Vítor Hugo Ferreira Carvalho
Working Paper 035-2018
Calibration and the estimation of macroeconomic models
Nikolay Iskrev
Working Paper 034-2018
Are asset price data informative about news shocks? A DSGE perspective
Nikolay Iskrev
Working Paper 033-2018
The role of infrastructure efficiency in economic development – the case of underused highways in Europe
José Pedro Pontes, Joana Pais
Working Paper 032-2018
Twin Deficits Revisited: a role for fiscal institutions?
António Afonso, Florence Huart, João Tovar Jalles, Piotr Stanek
Working Paper 031-2018
Social Dominance
Ludger Schuknecht, Holger Zemanek
Working Paper 030-2018
The Macroeconomic Effects of Public Debt: An Empirical Analysis of Mozambique
António Afonso, Yasfir Ibraimo
Working Paper 029-2018
The Policy Mix in the US and EMU: Evidence from a SVAR Analysis
António Afonso, Luís Gonçalves
Working Paper 028-2018
Reforms and External Balances in Southern Europe and Ireland
Luís A. V. Catão
Working Paper 027-2018
Do Individual Investors Trade Differently in Different Markets?
Margarida Abreu, Victor Mendes
Working Paper 026-2018
Deindustrialization in the light of classical location theory
Armando J. G. Pires, José Pedro Pontes
Working Paper 025-2018
Impact of public and private sector external debt on economic growth
Jorge Silva
Working Paper 024-2018
Does Country Size Affect the Relationship between Population Density and Labour Productivity? Theory and Evidence for Europe
José Pedro Pontes, Patrícia Melo
Working Paper 023-2018
Exchange-traded Funds as an Alternative Investment Option: A Case Study
António Afonso, Pedro Cardoso
Working Paper 022-2017
Are external accounts sustainable in Portugal?
Jorge Silva
Working Paper 021-2017
Quantitative Easing and Sovereign Yield Spreads: Euro-Area Time-Varying Evidence
António Afonso, João Jalles
Working Paper 020-2017
Pricing Perpetual Put Options by the Black-Scholes Equation With a Nonlinear Volatility Function
Maria do Rosário Grossinho, Yaser Faghan Kord, Daniel Sevcovic
Working Paper 019-2017
Pricing American Call Option by the Black-Scholes Equation With a Nonlinear Volatility Function
Maria do Rosário Grossinho, Yaser Faghan Kord, Daniel Sevcovic
Working Paper 018-2017
The Welfare Costs of Self-Fulfilling Bank Runs
Elena Mattana, Ettore Panetti
Working Paper 017-2017
Fiscal Reaction Functions Across the World: A Battle of Statistical (In-) Significance
António Afonso, João Jalles
Working Paper 016-2017
Do Fiscal Rules Lower Government Financing Costs?
António Afonso, João Jalles
Working Paper 015-2017
The Investor in Structured Retail Products: Marketing Driven or Gambling Oriented?
Margarida Abreu, Victor Mendes
Working Paper 014-2017
Convexity in semi-metric spaces, decision theory and consumer theory
João Ferreira do Amaral
Working Paper 013-2017
Location of R&D activities by vertical multinationals over asymmetric countries
Carlos Eduardo Lobo, Silva and José Pedro Pontes
Working Paper 012-2017
The Inversion of the Spatial Lag Operator in Binary Choice Models: Fast Computation and a Closed Formula Approximation
Luís Silveira Santos, Isabel Proença
Working Paper 011-2017
Iterated Local Search Algorithm for the Vehicle Routing Problem with Backhauls and Soft Time Windows
José Brandão
Working Paper 010-2017
Leverage and Risk Weighted Capital Requirements
Leonardo Gambacorta, Sudipto Karmakar
Working Paper 009-2017
Financial Crisis, banking sector performance and economic growth in the European Union
Cândida Ferreira
Working Paper 008-2017
How Biased is the Behavior of the Individual Investor in Warrants?
Margarida Abreu
Working Paper 007-2017
Transport-Induced Agglomeration Effects: Evidence for US Metropolitan Areas
Patricia C. Melo, Daniel J. Graham
Working Paper 006-2017
Renormalization of Gevrey Vector Fields with a Brjuno Type Arithmetical Condition
João Lopes Dias, José Pedro Gaivão
Working Paper 005-2017
Static versus Dynamic Deferred Acceptance in School Choice: Theory and Experiment
Flip Klijn, Joana Pais, Marc Vorsatz
Working Paper 004-2017
Decentralized Matching Markets With(out) Frictions: A Laboratory Experiment
Joana Pais, Ágnes Pintér, Róbert F. Veszteg
Working Paper 003-2017
"Whatever it takes" to resolve the European sovereign debt crisis? Bond pricing regime switches and monetary policy effects
António Afonso, Michael G. Arghyrou, María Dolores Gadea, Alexandros Kontonikas
Working Paper 002-2017
Assessing the Sustainability of External Imbalances in the European Union
António Afonso, Florence Huart, João Tovar Jalles, Piotr Stanek
Working Paper 001-2017