REM Working Papers

Working Papers
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