REM Working Papers REM WPs at IDEAS

Working Papers
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