Research

My general field is Macroeconomics and International Finance. Specific topics of interest include currency substitution and the international monetary system. Other areas of interest include the Portuguese Economy, economic growth and time series econometrics.

My research unitNIPE

My Research profile at REPEC here  

(For contributed papers, see Conferences)

(for policy oriented articles, click here)

(For my writings on Belarus Economic Trends, see the Transition Page)

(para artigos não técnicos veja a Página de Opinião)

Click here to see my Currency Substitution Page  

 

 

Currency Substitution 

·         "Currency Substitution, Portfolio Diversification and the Money Demand", with Francisco Veiga, Canadian Jornal of Economics, 39 (3), 719-43, August 2006. Here. Earlier versions in the 2004 Latin American Meeting of the Econometric Society, Santiago, July 28-30 [here]. Also available as NIPE Working Paper Nº9/2004, Universidade do Minho. [here

]. 

·         "Currency Substitution and Money Demand in Euroland". Atlantic Economic Journal, Vol. 34, Nº 3, 275-287, September 2006.  here . Winner of the AEJ Best Article Award 2006. The notification came out in the December 2007 issue (Vol. 35, Nº 4) here. Fotos here. An earlier version as NIPE Working Paper  Nº 11/2003, Universidade do Minho. JEL E41, E58, F41. [here]Also posted at The Single Global Currency Association (here).   

·         "The Dynamics of Inflation and Currency Substitution in a Small Open Economy", Journal of International Money and Finance  23(1), February 2004, pp 133-142, Elsevier. JEL E41, E52, F41. [here].  Earlier version as NIPE Working Paper Nº 1/2004, Universidade do Minho. [here]. Also as DEGEI Working Paper, Nº E/2, Universidade de Aveiro, 2003. 

·         "Revisiting Dollarisation Hysteresis: Evidence from Bolivia, Turkey and Indonesia". NIPE Working Paper  Nº 12/2003,  Universidade do Minho. [here]. Now posted at the Nouriel Roubini's  Global Macro and Financial Policy Site, .    

·         "EU-Wide Money and Currency Substitution", ICFAI Journal of Monetary Economics IV(4), 48-63, 2006 [download]. Earlier version as as DEGEI Working Paper Nº E/9, Universidade de Aveiro, 2003. here

·         "Challenging an Established Vehicle: the Euro and the Dollar".  [Abstract].[download] Working Paper No 53, The Institute for Financial Research, Birkbeck College, University of London, June 1999. 

Portuguese Economic Growth and Convergence  

·         "Macroeconomic scenarios for the Portuguese Economy: 2006-2030", With Luis Catela Nunes. Presented  in the XXVII conference of APHES  - Associação Portuguesa de História Económica e Social, Faculdade de Economia (UNL), 16 e 17 de Novembro de 2007. Conference programme here . 

·         "Sobre a perda de ímpeto da economia portuguesa no processo de convergência: uma interpretação dogmática". A sair, Notas Económicas Nº 25, Junho de 2007, 27-41. Versão anterior como Working Paper Nº8/2006, Universidade do Minho. here.

·         "Portugal-EU convergence revisited: evidence for the period 1960-2003". International Advances in Economic Research, Vol 12 (3), August 2006, 408-418. here. A previous version is available as NIPE Working Paper  Nº 9/2005, Universidade do Minho. Download.  

·         "O Contributo do Capital Físico para o Crescimento Económico Português: 1910-2000", in: Lains, P. e Silva, A. (eds), História Económica de Portugal 1700-2000, Vol III: o séc. XX, Imprensa de Ciências Sociais, 2005, pp 91-124. Also available as DEGEI Working Paper, Nº E/20, Universidade de Aveiro, 2005. [here]. Data on capital stock here.

·         "Portuguese Economic Growth Re-examined: an Anti-fado Manifesto", in "Portuguese Economic Development in the European Context: Determinants of Policies", pp. 33-59. Bank of Portugal, 2002. [Download from the conference page]. Resumo no Livro de Sumários Executivos. A by-product in "Convergência Portugal-União Europeia" [pdf]. Cadernos de Economia 62, pp 48-50 (Jan/Mar 2003). 

·         "Quantity versus Quality: The Irish Growth Accounting". Economic Bulletin , Vol 6, Nº1, (March 2000), p. 59-70, Bank of Portugal. [Versions available in both Portuguese and in English.  A slightly different version  came out as "Lições do Tigre Celta", Actas da IV Conferência sobre Economia Portuguesa, CISEP - Centro de Investigação Sobre Economia Portuguesa, ISEG, Lisboa, May 2001, pp 629-650 [here].  

International Trade 

·         "Structural Transformation and the role of Foreign Direct Investment in Portugal: a descriptive analysis for the period 1990-2005", with Ricardo Paes Mamede, Notas Económicas, Nº 33, June 2011. Also as GEE Papers Nº 9, December 2008.
 

·         "Industry Adaptability and wage inequality in Portugal, 1995-2005: the tale of a small open economy in a globalized world", with Susana Salvado, Presented  at the 2008 Meeting of the European Economic Association.  GEE Papers Nº 10, March 2009 (here).

·         "Economias de escala e o novo proteccionismo: uma crítica" Working Paper Series, N-171, FEUNL - New University of Lisbon, 1991, March.

Structural Funds 

·         "Convergence among EU regions (1990-2001): Quality of National Institutions and Objective 1 Status" (with Francisco Torres and Filipa Pereira). Intereconomics - Review of European Economic Policy 38(5), September/October 2003, pp 270-275, Springer. JEL O40, O52. [Abstract]. [Working Paper]. Also as DEGEI Working Paper Nº E/4, Universidade de Aveiro, 2003. [Download]. Earlier version as Convergence among EU Regions: is Economic and Social Cohesion being Achieved? Documento de Trabalho Nº ECO 58/2003, Instituto de Estudos Europeus, Universidade Católica Portuguesa. 

Portugal and the EMU 

·         "Sobre o Valor Real do Escudo: uma Abordagem Empírica", Economia, Vol XVI, N-3, October 1992, pp 325-356, UCP-Catholic University of Portugal. [English abstract].  An extended version is available as "Sobre a futura paridade do Escudo: há lugar para uma apreciação real?", Working Paper Series , N-183, FEUNL - New University of Lisbon, 1992. A byproduct is available in "A Taxa de Câmbio Real em Portugal", [pdf] O Economista, Anuário de Economia Portuguesa Nº 5, 1992.

·         Portugal perante o Sistema Monetário Europeu: há um comprimisso entre liberalização e estabilização?, Working Paper Series, N-181, FEUNL - New University of Lisbon, 1992, March

·         With Jorge Braga de Macedo, "The Portuguese wage gap revisited", background paper for the Portuguese country study in Unity with Diversity in the European Economy: The Community's Southern Frontier, edited by Christopher Bliss and Jorge Braga de Macedo, Cambridge UK: Cambridge University Press, 1990. link