[231] "Green Fiscal Multipliers with Different Sovereign Debt Trajectories in EU Countries", with Jose Alves, Alessio Ferraro, Sofia Monteiro, Research in Economics and Mathematics, REM Working Paper 389-2025. CESifo Working Paper No. 12039.


[230] "Functional public sector spending and SDGs: an efficiency map for the EU countries", with José Alves, Najat Bazah, A. J. Sanchez-Fuentes, Research in Economics and Mathematics, REM Working Paper 388-2025. CESifo Working Paper No. 12036.


[229] “Government Scale as a Stabilizer: Effects on Output Volatility and Losses”, with José Alves, Frederico Silva Leal, Research in Economics and Mathematics, REM Working Paper 385-2025. CESifo Working Paper No. 11993.


[228] “Too Much in One Basket? Debt Concentration and Sovereign Yields”, with José Alves, Wojciech Grabowski, Sofia Monteiro, Research in Economics and Mathematics, REM Working Paper 381-2025. CESifo Working Paper No. 11961.

 

[227] “The ECB's Pandemic Emergency Purchase Programme and Fiscal Policy: Synergies or Conflict?” with Jorge Ferreira. Research in Economics and Mathematics, REM Working Paper 378-2024. CESifo Working Paper No. 11864.


[226] “Creating Businesses in the Least Developed Countries: Does the Regulatory Environment Matter?” with M. Carmen Blanco-Arana, Research in Economics and Mathematics, REM Working Paper 377-2025. CESifo Working Paper No. 11838.

 

[225] “Shaken Balances: Climate Risks and the Dynamics of Fiscal and External Sustainability”, with José Alves, João Jalles, Sofia Monteiro, Research in Economics and Mathematics, REM Working Paper 375-2024. CESifo Working Paper No. 11818.


[224] “COMPLIANCE WITH FISCAL SUSTAINABILITY AND THE EURO”, with Catarina Miranda, Research in Economics and Mathematics, REM Working Paper 371-2025. CESifo Working Paper No. 11749.


[223] “Fiscal and External Sustainability: a Two-Step Time-varying Granger Causality Assessment”, with José Alves, José Coelho, Jamel Saadaoui, Research in Economics and Mathematics, REM Working Paper 369-2025. CESifo Working Paper No. 11694.


[222] “Stock and sovereign returns linkages: time-varying causality and extreme-quantile determinants”, with José Alves, Wojciech Grabowski, Sofia Monteiro, Research in Economics and Mathematics, REM WorkingPaper 366-2025. CESifo Working Paper No. 11667.


[221] “Private investment and public investment: total rates of return and global balances in the OECD”, with José Alves, Sofia Monteiro, Research in Economics and Mathematics, REM Working Paper 363-2025. CESifo Working Paper No. 11634.

 

[220] “Inflation Tales: the Heterogenous Price Effects from Current Account Dynamics”, with José Alves, João Jalles, Sofia Monteiro, Research in Economics and Mathematics, REM Working Paper 359-2024. CESifo Working Paper No. 11512.

 

[219] “IMPACT OF SOVEREIGN DEBT MATURITY ON FISCAL SUSTAINABILITY”, with José Alves, Oļegs Matvejevs, Oļegs Tkacevs, Research in Economics and Mathematics, REM Working Paper 358-2023. Latvijas Banka WP 05/2024. CESifo Working Paper No. 11499.

 

[218] “Public Sector Efficiency and the Functions of the Government”, with José Alves, Najat Bazah, Research in Economics and Mathematics, REM Working Paper 357-2024. CESifo Working Paper No. 11487.

 

[217] “Determinants of trade partner concentration: An analysis for European countries”, with José Alves, Lucas Menescal, Sofia Monteiro, Research in Economics and Mathematics, REM Working Paper 356-2024. CESifo Working Paper No. 11481.

 

[216] “Public and Private Investments: A VAR Analysis of Their Impact on Economic Growth in 18 Advanced Economies”, with Jorge Caiado, Omar Kanaan, Research in Economics and Mathematics, REM Working Paper 350-2024. CESifo Working Paper No. 11426.

 

[215] “Fiscal Policy Spillovers in the Euro Area - a new assessment”, with Daniel Loureiro, Research in Economics and Mathematics, REM Working Paper 347-2024. CESifo Working Paper No. 11406.

 

[214] “The Role of Global Uncertainty in Shaping Trade Flow Relations: A Cross-Country Analysis for Europe”, with José Alves, Lucas Menescal, Sofia Monteiro, Research in Economics and Mathematics, REM Working Paper 346-2024. CESifo Working Paper No. 11401.

 

[213] “Energy Price Dynamics in the Face of Uncertainty Shocks and the role of Exchange Rate Regimes: A Global Cross-Country Analysis”, with José Alves, João Jalles, Sofia Monteiro, Research in Economics and Mathematics, REM Working Paper 344-2024. CESifo Working Paper No. 11384.

 

[212] “Measuring Tax Burden Efficiency in OECD Countries: an International Comparison”, with Ana Patricia Montes, José M. Domínguez, Research in Economics and Mathematics, REM Working Paper 339-2024. CESifo Working Paper No. 11333.

 

[211] “The Persistence of Gender Pay and Employment Gaps in European Countries”, with M. Carmen Blanco-Arana, Research in Economics and Mathematics, REM Working Paper 338-2024. CESifo Working Paper No. 11315.

 

[210] “Does monetary policy influence euro area fiscal sustainability?” with Francisco Gomes Pereira, Research in Economics and Mathematics, REM Working Paper 335-2024. CESifo Working Paper No. 11266.

 

[209] “Echoes of Instability: How Geopolitical Risks Shape Government Debt Holdings”, with José Alves, Sofia Monteiro, Research in Economics and Mathematics, REM Working Paper 333-2024. CESifo Working Paper No. 11235.

 

[208] “The role of fiscal policy rating variables on economic growth in the LDCs”, with M. Carmen Blanco-Arana, Research in Economics and Mathematics, REM Working Paper 331-2024. CESifo Working Paper No. 11208.

 

[207] “Budgetary constrained governments: drivers of time varying fiscal sustainability in OECD countries”, with José Carlos Coelho, Research in Economics and Mathematics, REM Working Paper 325-2024. CESifo Working Paper No. 11137.

 

[206] “Beyond the Centre: Tracing Decentralization’s Influence on Time-varying Fiscal Sustainability”, with José Alves, João Jalles, Sofia Monteiro, Research in Economics and Mathematics, REM Working Paper 324-2024. CESifo Working Paper No. 11132.

 

[205] “Bank’s risk-taking channel of monetary policy and TLTRO: Evidence from the Eurozone”, with Jorge Braga Ferreira, Research in Economics and Mathematics, REM Working Paper 320-2024. CESifo Working Paper No. 11116.

 

[204] “The pressure is on: how geopolitical tensions impact institutional fiscal and external stability responses”, with José Alves, Sofia Monteiro, Research in Economics and Mathematics, REM Working Paper 318-2024. CESifo Working Paper No. 11067.

 

[203] Afonso, A., Blanco-Arana, M. Carmen (2024). “DOES FINANCIAL INCLUSION ENHANCE ECONOMIC GROWTH IN THE LEAST DEVELOPED COUNTRIES?” Research in Economics and Mathematics, REM Working Paper 316-2024. CESifo Working Paper No. 11054.

 

[202] “Sovereign risk dynamics in the EU: the time varying relevance of fiscal and external (im)balances”, with José Alves, Sofia Monteiro, Research in Economics and Mathematics, REM Working Paper 311-2024. CESifo Working Paper No. 10979.

 

[201] “Fiscal sustainability: the role of inflation”, with José Alves, Oļegs Matvejevs, Oļegs Tkacevs, Research in Economics and Mathematics, REM Working Paper 303-2023. Latvijas Banka WP 08/2023. CESifo Working Paper No. 10843.

 

[200] “On the time-varying impact of China’s bilateral political relations on its trading partners (1960–2022)”, with Valérie Mignon, Jamel Saadaoui, Research in Economics and Mathematics, REM Working Paper 301-2023. CESifo Working Paper No. 10814.

 

[199] “Beyond Borders: Assessing the Influence of Geopolitical Tensions on Sovereign Risk Dynamics”, with José Alves, Sofia Monteiro, Research in Economics and Mathematics, REM Working Paper 0300-2023. CESifo Working Paper No. 10801.

 

[198] “The nexus between economic freedom and economic growth in the LDCs. An empirical analysis for the period 2000-2021”, with M. Carmen Blanco-Arana, Research in Economics and Mathematics, REM Working Paper 0297-2023. CESifo Working Paper No. 10757.

 

[197] “Banks’ portfolio of government debt and sovereign risk”, with José Alves, Sofia Monteiro, Research in Economics and Mathematics, REM Working Paper 289-2023. CESifo Working Paper No. 10692.


[196] “Drivers of Fiscal Sustainability: A Time-Varying Analysis for Portugal”, with José Coelho, Research in Economics and Mathematics, REM Working Paper 287-2023. CESifo Working Paper No. 10674.

 

[195] “Monetary surprises shocks under different fiscal regimes: a panel analysis of the Euro Area”, with José Alves, Serena Ionta, Research in Economics and Mathematics, REM Working Paper 284-2023. CESifo Working Paper No. 10627.

 

[194] “Consumption patterns of indebted households: unravelling the relevance of fiscal policy”, with Eduardo Rodrigues, Research in Economics and Mathematics, REM Working Paper 282-2023. CESifo Working Paper No. 10565.

 

[193] “The effects of monetary policy surprises and fiscal sustainability regimes in the Euro Area”, with José Alves, Serena Ionta, Research in Economics and Mathematics, REM Working Paper 281-2023. CESifo Working Paper No. 10558.

 

[192] “Banking Regulation and Sovereign Risk: a Paradox”, with André Teixeira, Research in Economics and Mathematics, REM Working Paper 272-2023. CESifo Working Paper No. 10434.

 

[191] “Government Spending and Tax Revenue Decentralization and Public Sector Efficiency: Do Natural Disasters matter?”, with João Jalles, Ana Venâncio, Research in Economics and Mathematics, REM Working Paper 271-2023. CESifo Working Paper No. 10424.

 

[190] “Determinants of the degree of fiscal sustainability”, with José Alves, José Carlos Coelho, Research in Economics and Mathematics, REM Working Paper 255-2023. CESifo Working Paper No. 10225.

 

[189] “Pay and unemployment determinants of migration flows in the European Union” with José Alves, Krzysztof Beck, Karen Jackson, Research in Economics and Mathematics, REM Working Paper 251-2022. CESifo Working Paper No. 10131.

 

[188] “Government spending efficiency in Latin America”, with Gabriela Baquero Fraga, Research in Economics and Mathematics, REM Working Paper 250-2022. CESifo Working Paper No. 10096.

 

[187] “A Tale of Government Spending Efficiency and Trust in the State”, with João Jalles, Ana Venâncio, Research in Economics and Mathematics, REM Working Paper 253-2022. CESifo Working Paper No. 10075.

 

[186] “Is public investment in construction and in R&D, growth enhancing? A PVAR Approach” with Eduardo Rodrigues, Research in Economics and Mathematics, REM Working Paper 249-2022. CESifo Working Paper No. 10048.

 

[185] “Determinants of stock market correlations. Accounting for model uncertainty and reverse causality in a large panel setting” with Krzysztof Beck, Karen Jackson, Research in Economics and Mathematics, REM Working Paper 246-2022. CESifo Working Paper No. 9956.

 

[184] “Public finances solvency in the Euro Area: true or false?” with José Carlos Coelho, Research in Economics and Mathematics, REM Working Paper 243-2022. CESifo Working Paper No. 9935.

 

[183] “Financial, institutional, and macroeconomic determinants of cross-country portfolio equity flows” with José Alves, Krzysztof Beck, Karen Jackson, Research in Economics and Mathematics, REM Working Paper 235-2022. CESifo Working Paper No. 9872.

 

[182] “Are fiscal consolidation episodes helpful for public sector efficiency?” with José Alves, Research in Economics and Mathematics, REM Working Paper 230-2022. CESifo Working Paper No. 9761.

 

[181] “Does government spending efficiency improve fiscal sustainability?” with José Alves, Research in Economics and Mathematics, REM Working Paper 226-2022. CESifo Working Paper No. 9738.

 

[180] “Minimum Wage and Collective Bargaining Reforms: A Narrative Database for Advanced Economies” with João Jalles, Zoe Venter, Research in Economics and Mathematics, REM Working Paper 224-2022. CESifo Working Paper No. 9692.

 

[179] “Fiscal sustainability, fiscal reactions, pitfalls and determinants” with José Carlos Coelho, Research in Economics and Mathematics, REM Working Paper 219-2022. CESifo Working Paper No. 9635.

 

[178] “Unconventional Monetary Policy in the Euro Area.  Impacts on Loans, Employment, and Investment” with Francisco Gomes Pereira, Research in Economics and Mathematics, REM Working Paper 218-2022. CESifo Working Paper No. 9610.

 

[177] “To consolidate or not to consolidate? A multi-step analysis to assess needed fiscal sustainability” with José Alves and João Jalles, Research in Economics and Mathematics, REM Working Paper 217-2022. CESifo Working Paper No. 9618.

 

[176] “Twin Deficits through the Looking Glass: Time-Varying Analysis in the Euro Area” with José Carlos Coelho, Research in Economics and Mathematics, REM Working Paper 211-2022. CESifo Working Paper No. 9559.

 

[175] “Local property tax reform and municipality spending efficiency” with Ana Venâncio, Research in Economics and Mathematics, REM Working Paper 210-2022. CESifo Working Paper No. 9538.

 

[174] “Fiscal and current account imbalances: the cases of Germany and Portugal” with José Carlos Coelho, Research in Economics and Mathematics, REM Working Paper 208-2021.

 

[173] “Unemployment and financial development: evidence for OECD countries” with Carmen Blanco Arana, Research in Economics and Mathematics, REM Working Paper 204-2021.

 

[172] “60%, -4% and 6%, a tale of thresholds for EU fiscal and current account developments” with José Carlos Coelho, Research in Economics and Mathematics, REM Working Paper 196-2021.

 

[171] “Current Account Targeting Hypothesis versus Twin Deficit Hypothesis: the EMU experience of Portugal” with José Carlos Coelho, Research in Economics and Mathematics, REM Working Paper 182-2021.

 

[170] “Do Financial Markets Reward Government Spending Efficiency?” with João Jalles, Ana Venâncio. Research in Economics and Mathematics, REM Working Paper 166-2021.

 

[169] “Corruption and economic growth: does the size of the government matter?” with Eduardo Rodrigues. Research in Economics and Mathematics, REM Working Paper 164-2021.

 

[168] “The Role of Fiscal Policies for External Imbalances: Evidence from the European Union” with José Coelho. Research in Economics and Mathematics, REM Working Paper 162-2021.

 

[167] “Does the Introduction of Stock Exchange Markets Boost Economic Growth in African Countries?” with Max Reimers. Research in Economics and Mathematics, REM Working Paper 160-2021.

 

[166] “(Non-) Keynesian Effects of Fiscal Austerity: New Evidence from a large sample”, with José Alves, João Tovar Jalles. Research in Economics and Mathematics, REM Working Paper 158-2021.

 

[165] “International transmission of interest rates: the role of international reserves and sovereign debt”, with Florence Huart, João Tovar Jalles, Piotr Stanek. Research in Economics and Mathematics, REM Working Paper 156-2021.

 

[164] “The Interplay between Monetary and Fiscal Policies in the EU”, with Alexandre Sousa. Research in Economics and Mathematics, REM Working Paper 150-2020.

 

[163] “Public Debt and Economic Growth in Brazil”, with Sérgio Gadelha, Agatha Silva. Research in Economics and Mathematics, REM Working Paper 148-2020.

 

[162] “Government Spending Efficiency, Measurement and Applications: a Cross-country Efficiency Dataset”, with João Jalles, Ana Venâncio. Research in Economics and Mathematics, REM Working Paper 147-2020.

 

[161] “Structural Tax Reforms and Public Spending Efficiency”, with João Jalles, Ana Venâncio. Research in Economics and Mathematics, REM Working Paper 146-2020.

 

[160] “The size of government”, with Ludger Schuknecht, Vito Tanzi. Research in Economics and Mathematics, REM Working Paper 129-2020.

 

[159] “Labour Productivity in State-Owned Enterprises”, with Maria João Guedes, Pankaj C. Patal. Research in Economics and Mathematics, REM Working Paper 125-2020.

 

[158] “Sovereign debt crisis in Portugal and in Spain”, with Nuno Verdial. Research in Economics and Mathematics, REM Working Paper 112-2019.

 

[157] “Sovereign Indebtedness and Financial and Fiscal Conditions”, with João Jalles. Research in Economics and Mathematics, REM Working Paper 111-2019.

 

[156] “Fiscal episodes in the EMU: Elasticities and non-keynesian effects”, with Frederico Silva Leal. Research in Economics and Mathematics, REM Working Paper 097-2019.

 

[155] “Taxation and Public Spending Efficiency: An International Comparison”, with João Jalles, Ana Venâncio. Research in Economics and Mathematics, REM Working Paper 080-2019.


[154] “How “big” should government be?” with Ludger Schuknecht. EconPol Working Paper 23.

 

[153] “Sovereign Ratings and Finance Ministers’ Characteristics”, with João Jalles. Research in Economics and Mathematics, REM Working Paper 072-2019.

 

[152] “Local territorial reform and regional spending efficiency”, with Ana Venâncio. Research in Economics and Mathematics, REM Working Paper 071-2019.

 

[151] “The Effects of Macroeconomic, Fiscal and Monetary Policy Announcements on Sovereign Bond Spreads: An Event Study from the EMU”, with João Jalles, Mina Kazemi. Research in Economics and Mathematics, REM Working Paper 067-2019. EconPol Working Paper 22.

 

[150] “Stock Flow Adjustments in Sovereign Debt Dynamics: The Role of Fiscal Frameworks”, with João Jalles. Research in Economics and Mathematics, REM Working Paper 066-2019.

 

[149] “The Transmission of Unconventional Monetary Policy to Bank Credit Supply: Evidence from the TLTRO”, with Joana Sousa-Leite. Research in Economics and Mathematics, REM Working Paper 065-2019; Banco de Portugal WP 2019-01.

 

[148] “"THE RELATIONSHIP BETWEEN FISCAL AND CURRENT ACCOUNT IMBALANCES IN OECD ECONOMIES", with Philemon Kwame Opoku”. Research in Economics and Mathematics, REM Working Paper 061-2018.

 

[147] “Sovereign Bond Yield Spreads Spillovers in the EMU”, with Mina Kazemi. Research in Economics and Mathematics, REM Working Paper 052-2018.

 

[146] “Optimal Tax Structure for Consumption and Income Inequality: an Empirical Assessment”, with José Alves. Research in Economics and Mathematics, REM Working Paper 051-2018.

 

[145] “Fiscal Multipliers in the Eurozone: A SVAR Analysis”, with Frederico Silva Leal. Research in Economics and Mathematics, REM Working Paper 047-2018.

 

[144] “Financial Development and Economic Growth: A Study for OECD Countries in the Context of Crisis”, with M. Carmen Blanco-Arana. Research in Economics and Mathematics, REM Working Paper 046-2018.

 

[143] “Decomposing and Analysing the Determinants of Current Accounts’ Cyclicality: Evidence from the Euro Area”, with João Jalles. Research in Economics and Mathematics, REM Working Paper 042-2018.

 

[142] “Government Size, Unemployment, and Inflation Nexus in Eight Large Emerging Market Economies” with Hüseyin Şen, Ayşe Kaya. Research in Economics and Mathematics, REM Working Paper 038-2018.


[141] “Twin Deficits Revisited: a role for fiscal institutions?” with Florence Huart, João Jalles, Piotr Stanek. Research in Economics and Mathematics, REM Working Paper 031-2018. 

[140] “The Macroeconomic Effects of Public Debt: An Empirical Analysis of Mozambique”, António Afonso, Yasfir Ibraimo, REM, Working Paper 029-2018. 

[139] “The Policy Mix in the US and EMU: Evidence from a SVAR Analysis”, António Afonso, Luís Gonçalves. Research in Economics and Mathematics, REM Working Paper 028-2018.

 

[138] “Exchange-traded Funds as an Alternative Investment Option: a Case Study”, António Afonso, Pedro Cardoso. Research in Economics and Mathematics, REM Working Paper 022-2017. 

[137] “Quantitative Easing and Sovereign Yield Spreads: Euro-Area Time-Varying Evidence”, António Afonso, João Jalles. Research in Economics and Mathematics, REM Working Paper 020-2017. 

[136] "Do Fiscal Rules Lower Government Financing Costs”, António Afonso, João Jalles. Research in Economics and Mathematics, REM Working Paper 015-2017.

 

[135] "Fiscal Reaction Functions Across the World: A Battle of Statistical (In-) Significance”, António Afonso, João Jalles.” Research in Economics and Mathematics, REM Working Paper 016-2017.

 

[134] "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", Research in Economics and Mathematics, REM Working Paper 002-2017. Cardiff Economics Working Papers, Working Paper No. E2017/12.

 

[133] "Fiscal Sustainability Analysis: The Case of PALOP Economies", António Afonso, Emanuel Reis Leão, Dilson Tiny, Diptes C. P. Bhimjee,  Department of Economics, ISEG-UL, Working Paper nº 14/2017/DE/UECE.

 

[132] "Effects of euro area monetary policy on institutional sectors: the case of Portugal", António Afonso, Jorge Silva, Department of Economics, ISEG-UL, Working Paper nº 15/2017/DE/UECE.


[131] “Euro Area Sovereign Yields and the Power of QE”, with Mina Kazemi, Department of Economics, ISEG-UL, Working Paper nº 12/2017/DE/UECE.


[130] “Assessing the Sustainability of External Imbalances in the European Union”, with Florence Huart, João Jalles, Piotr Stanek, Department of Economics, ISEG-UL, Working Paper nº 10/2017/DE/UECE. Research in Economics and Mathematics, REM Working Paper 001-2017.


[129] “Sovereign Yield Spreads in the Emu: Crisis and Structural Determinants”, with Frederico Silva Leal, Department of Economics, ISEG-UL, Working Paper nº 09/2017/DE/UECE.

 

[128] “Debt crisis and 10-year sovereign yields in Ireland and in Portugal”, with Jorge Silva, Department of Economics, ISEG-UL, Working Paper nº 06/2017/DE/UECE.

 

[127] “Stock-Flow Adjustments and Interest Rates”, with José Alves, Department of Economics, ISEG-UL, Working Paper nº 05/2017/DE/UECE.

 

[126] “Fiscal Activism and Price Volatility: Evidence from Advanced and Emerging Economies”, with João Jalles, Department of Economics, ISEG-UL, Working Paper nº 04/2017/DE/UECE.

 

[125] “Sovereign Debt Effects and Composition: Evidence from Time-Varying Estimates”, with João Jalles, Department of Economics, ISEG-UL, Working Paper nº 03/2017/DE/UECE.

 

[124] “Sovereign Credit Rating Mismatches”, with André Albuquerque, Department of Economics, ISEG-UL, Working Paper nº 02/2017/DE/UECE.

 

[123] “THE FISCAL CONSEQUENCES OF DEFLATION: EVIDENCE FROM THE GOLDEN AGE OF GLOBALIZATION”, with João Jalles, Department of Economics, ISEG-UL, Working Paper nº 23/2016/DE/UECE.

 

[122] “Current account balance cyclicality”, with Jorge Silva, Department of Economics, ISEG-UL, Working Paper nº 20/2016/DE/UECE.

 

[121] “Economic Growth and Public and Private Investment Returns”, with Miguel St. Aubyn, Department of Economics, ISEG-UL, Working Paper nº 14/2016/DE/UECE.

 

[120] “Is the supply of long-term debt independent of the term premia? Evidence from Portugal”, with Manish Singh, Department of Economics, ISEG-UL, Working Paper nº 11/2016/DE/UECE.

 

[119] “Assessing Public Spending Efficiency in 20 OECD Countries”, with Mina Kazemi, Department of Economics, ISEG-UL, Working Paper nº 12/2016/DE/UECE.

 

[118] “Reconsidering Wagner's Law: evidence from the functions of the government”, with José Alves, Department of Economics, ISEG-UL, Working Paper nº 09/2016/DE/UECE.

 

[117] “Revisiting Sovereign Bond Spreads? Determinants in the EMU”, with Manuel Reis, Department of Economics, ISEG-UL, Working Paper nº 08/2016/DE/UECE.

 

[116] “Euro Area Sovereign Debt Crisis and Debt Mutualisation”, with Marcelo Alcântara, ISEG-UL, Working Paper nº 07/2016/DE/UECE.

 

[115] “Budgetary Decomposition and Yield Spreads”, with João Jalles, Department of Economics, ISEG-UL, Working Paper nº 05/2016/DE/UECE.

 

[114] “Economic Volatility and Sovereign Yields' Determinants: a Time-Varying Approach”, with João Jalles, Department of Economics, ISEG-UL, Working Paper nº 04/2016/DE/UECE.

 

[113] “Determinants of non-resident government debt ownership”, with Jorge Silva, Department of Economics, ISEG-UL, Working Paper nº 03/2016/DE/UECE.

 

[112] “The Price Relevance of Fiscal Developments”, with João Jalles, Department of Economics, ISEG-UL, Working Paper nº 16/2015/DE/UECE.

 

[111] “Euro area time varying fiscal sustainability”, with João Jalles, Department of Economics, ISEG-UL, Working Paper nº 13/2015/DE/UECE.

 

[110] “Fiscal Episodes, Technological Progress and Market Power”, with João Jalles, Department of Economics, ISEG-UL, Working Paper nº 09/2015/DE/UECE.

 

[109] “Markups’ Cyclical Behavior: The role of Demand and Supply Shocks,” with João Jalles, Department of Economics, ISEG-UL, Working Paper nº 08/2015/DE/UECE.

 

[108] “The determinants of sovereign bond yield spreads in the EMU”, with Arghyrou, M., Kontonikas, A. European Central Bank Working Paper nº 1781, April 2015.

 

[107] “The macro impact of the Portuguese Constitutional Court decisions regarding the budgetary proposals of the Portuguese Budget Law (2012, 2013, 2014)”, with Jorge Caiado, Miguel St. Aubyn, Department of Economics, ISEG-UL, Working Paper nº 06/2015/DE/UECECEMPRE.

 

[106] “FISCAL SUSTAINABILITY: A PANEL ASSESSMENT FOR ADVANCED ECONOMIES,” with João Jalles, Department of Economics, ISEG-UL, Working Paper nº 05/2015/DE/UECE.

 

[105] “The Role of Government Debt in Economic Growth,” with José Alves, Department of Economics, ISEG-UL, Working Paper nº 16/2014/DE/UECE.

 

[104] “Interactions between Monetary Policy and Fiscal Policy,” with Raquel Balhote, Department of Economics, ISEG-UL, Working Paper nº 13/2014/DE/UECE.

 

[103] “Monetary Developments and Expansionary Fiscal Consolidations: Evidence from the EMU,” with Luís Martins, Department of Economics, ISEG-UL, Working Paper nº 12/2014/DE/UECE.

 

[102] “The Monetary Transmission Mechanism in the Euro Area: has it changed with the EMU? A VAR approach, with fiscal policy and financial stress considerations,” with António J. Silva, Department of Economics, ISEG-UTL, Working Paper nº 10/2014/DE/UECE.

 

[101] “Causality for the government budget and economic growth” with João Jalles, Department of Economics, ISEG-UTL, Working Paper nº 07/2014/DE/UECE.

 

[100] Afonso, A., Gomes, P., Taamouti, A. “Sovereign credit ratings, market volatility, and financial gains”, European Central Bank, Working Paper n. 1654, March 2014, Department of Economics, ISEG-UL, Working Paper nº 06/2014/DE/UECE.

 

[99] “EU Finance Ministers, Capital Markets and Fiscal Outcomes”, with Maria João Guedes. Department of Economics, ISEG-UL, Working Paper nº 1/2014/DE/UECE/ADVANCE.

 

[98] “Revenue Forecast Errors in the European Union”, with Rui Carvalho. Department of Economics, ISEG-UL, Working Paper nº 2/2014/DE/UECE.

 

[97] “The relevance of fiscal rules for fiscal and yield developments”, with Ana Sofia Guimarães. Department of Economics, ISEG-UL, Working Paper nº 5/2014/DE/UECE.

 

[96] “Contagion in EU Sovereign Yield Spreads”, Ana Catarina Félix. Department of Economics, ISEG-UL, Working Paper nº 4/2014/DE/UECE.

 

[95] “Public sector efficiency: evidence for Latin America”, with Alma Romero and Emma Monsalve. Inter-American Development Bank, Discussion paper xxxx. Department of Economics, ISEG-UTL, Working Paper nº 19/2013/DE/UECE.

 

[94] “Assessing productivity performance of basic and secondary education in Tunisia: a Malmquist analysis”, with Mohamed Ayadi, and Sourour Ramzi, Department of Economics, ISEG-UL, Working Paper nº 18/2013/DE/UECE.

 

[93] “The relevance of commuting zones for regional spending efficiency”, with Ana Venâncio. Department of Economics, ISEG-UTL, Working Paper nº 17/2013/DE/UECE/ADVANCE.

 

[92] “Fiscal regimes in the EU”, with Priscilla Toffano. European Central Bank Working Paper nº 1529, April 2013. Department of Economics, ISEG-UTL, Working Paper nº 10/2013/DE/UECE. KU Leuven, Center for Economic Studies, Discussion Paper DPS13.06.

 

[91] “Fiscal composition and long-term growth”, with João Jalles. European Central Bank Working Paper nº 1518, March 2013.

 

[90] “Assessment of efficiency in basic and secondary education in Tunisia: a regional analysis”, with Mohamed Ayadi, and Sourour Ramzi, Department of Economics, ISEG-UTL, Working Paper nº 6/2013/DE/UECE.

 

[89] “On the time-varying relationship between EMU sovereign spreads and their determinants”, with Michael G. Arghyrou, George Bagdatoglou and Alexandros Kontonikas, Department of Economics, ISEG-UTL, Working Paper nº 5/2013/DE/UECE.

 

[88] “Economic forecasts and sovereign yields”, with Ana Sofia Nunes, Department of Economics, ISEG-UTL, Working Paper nº 2/2013/DE/UECE.

 

[87] “Anatomy of a fiscal débacle: the case of Portugal”, Department of Economics, ISEG-UTL, Working Paper nº 1/2013/DE/UECE.

 

[86] “The fiscal forecasting track record of the European Commission and Portugal”, with Jorge Silva, Department of Economics, ISEG-UTL, Working Paper nº 37/2012/DE/UECE.

 

[85] “The determinants of sovereign bond yield spreads in the EMU”, with Michael G. Arghyrou, and Alexandros Kontonika, Department of Economics, ISEG-UTL, Working Paper nº 36/2012/DE/UECE. University of Glasgow, Adam Smith Business School, Discussion Paper 2012-14.

 

[84] “The cyclicality of education, health, and social security government spending”, with João Jalles, Department of Economics, ISEG-UTL, Working Paper nº 30/2012/DE/UECE.

 

[83] “Do fiscal rules matter for growth?” with João Jalles, Department of Economics, ISEG-UTL, Working Paper nº 07/2012/DE/UECE.

 

[82] “Fiscal Volatility, Financial Crises and Growth”, with João Jalles, Department of Economics, ISEG-UTL, Working Paper nº 06/2012/DE/UECE.

 

[81] “The fiscal-growth nexus”, with João Jalles, Departamento de Economia, ISEG-UTL, Working Paper nº 01/2012/DE/UECE.

 

[80] “Appraising fiscal reaction functions”, with João Jalles, Departamento de Economia, ISEG-UTL, Working Paper nº 23/2011/DE/UECE.

 

[79] “Revisiting fiscal sustainability: panel cointegration and structural breaks in OECD countries”, with João Jalles, Department of Economics, ISEG-UTL, Working Paper nº 29/2012/DE/UECE. European Central Bank, Working Paper nº 1465, August 2012.

 

[78] “Measuring the Success of Fiscal Consolidations”, with João Jalles, Departamento de Economia, ISEG-UTL, Working Paper nº 22/2011/DE/UECE.

 

[77] “A longer-run perspective on fiscal sustainabiliy”, with João Jalles, Departamento de Economia, ISEG-UTL, Working Paper nº 17/2011/DE/UECE.

 

[76] “Linking investment and fiscal policies”, with João Jalles, Departamento de Economia, ISEG-UTL, Working Paper nº 16/2011/DE/UECE.

 

[75] “Economic Performance and Government Size: a Political Economy Assessment”, with João Jalles, Banco Central Europeu, Working Paper n. 1399, Novembro de 2011. Departamento de Economia, ISEG-UTL, Working Paper nº 21/2011/DE/UECE.

 

[74] “Assessing fiscal episodes”, with João Jalles, Departamento de Economia, ISEG-UTL, Working Paper nº 15/2011/DE/UECE.

 

[73] “Sovereign credit ratings and financial markets linkages: application to European data”, com David Furceri, Pedro Gomes. Banco Central Europeu, Working Paper n. 1347, Junho de 2011. Departamento de Economia, ISEG-UTL, Working Paper nº 14/2011/DE/UECE.

 

[72] “Growth and productivity: the role of government debt”, com João Jalles, Departamento de Economia, ISEG-UTL, Working Paper nº 13/2011/DE/UECE.

 

[71] “Revisiting business cycle synchronisation in the European Union”, with Ana Sequeira, Department of Economics, ISEG-UTL, Working Paper nº 22/2010/DE/UECE.

 

[70] “Level, Slope, Curvature of the Sovereign Yield Curve, and Fiscal Behaviour”, with Manuel Martins, Department of Economics, ISEG-UTL, Working Paper nº 23/2010/DE/UECE. European Central Bank, Working Paper n. 1276, December 2010.

 

[69] “Do fiscal imbalances deteriorate sovereign debt ratings?”, with Pedro Gomes, Department of Economics, ISEG-UTL, Working Paper nº 24/2010/DE/UECE.

 

[68] “Long-run Determinants of Sovereign Yields”, with Christophe Rault. Department of Economics, ISEG-UTL, Working Paper nº 15/2010/DE/UECE. CESIfo Working Paper 3155, August 2010.

 

[67] “Fiscal developments and financial stress: a threshold VAR analysis”, com Jaromír Baxa e Michal Slavik, Department of Economics, ISEG-UTL, Working Paper nº 11/2011/DE/UECE. European Central Bank, Working Paper n. 1319, April 2011.


[66] “Fiscal Regime Shifts in Portugal”, com Peter Claeys e Ricardo Sousa, Department of Economics, ISEG-UTL, Working Paper nº 41/2009/DE/UECE. Universidade do Minho, NIPE WP 25/2009. University of Barcelona, Research Institute of Applied Economics IREA Working Paper 2009/21.

 

[65] “Long-term Government Bond Yields and Economic Forecasts: Evidence for the EU”, Department of Economics, ISEG-UTL, Working Paper nº 38/2009/DE/UECE.

 

[64] “Short and Long-run Behaviour of Long-term Sovereign Bond Yields”, com Christophe Rault, Department of Economics, ISEG-UTL, Working Paper nº 19/2010/DE/UECE. CESIfo Working Paper 3249, November 2010.

 

[63] “Consumption, Wealth, and Stock and Bond Returns: International Evidence”, with Ricardo Sousa, Department of Economics, ISEG-UTL, Working Paper nº 09/2011/DE/UECE. Universidade do Minho, NIPE WP 09/2011.

 

[62] “Fiscal Policy and Growth: Do Financial Crises make a Difference?” com Hans P. Grüner and Christina Kolerus, European Central Bank, Working Paper n. 1217, June 2010. Department of Economics, ISEG-UTL, Working Paper nº 10/2010/DE/UECE.

 

[61] “Market Power and Fiscal Policy in OECD Countries”, com Luís Costa. Banco Central Europeu, Working Paper n. 1173, Abril de 2010. Departamento de Economia, ISEG-UTL, Working Paper nº 11/2010/DE/UECE.

 

[60] “Bootstrap panel Granger-causality between government budget and external deficits for the EU”, com Christophe Rault. Departamento de Economia, ISEG-UTL, Working Paper nº 02/2009/DE/UECE. CESifo Working Paper nº 2581.

 

[59] “The Macroeconomic Effects of Fiscal Policy in Portugal: a Bayesian SVAR Analysis”, com Ricardo Sousa. Departamento de Economia, ISEG-UTL, Working Paper nº 09/2009/DE/UECE. Universidade do Minho, NIPE WP 03/2009.

 

[58] “Assessing long-term fiscal developments: evidence from Portugal”, com Ricardo Sousa. Departamento de Economia, ISEG-UTL, Working Paper nº 03/2009/DE/UECE. Universidade do Minho, NIPE WP 01/2009.

 

[57] “Public and Private Inputs in Aggregate Production and Growth: A Cross-country Efficiency Approach”, com Miguel St. Aubyn. Banco Central Europeu, Working Paper n. 1154, Fevereiro de 2010. Departamento de Economia, ISEG-UTL, Working Paper nº 09/2010/DE/UECE.

 

[56] “Bootstrap panel Granger-causality between government spending and revenue”, com Christophe Rault. Departamento de Economia, ISEG-UTL, Working Paper nº 39/2008/DE/UECE.

 

[55] “Assessing Long-Term Fiscal Developments: a New Approach”, com Luca Agnello, Davide Furceri e Ricardo Sousa. Banco Central Europeu, Working Paper n. 1032, Março de 2009. Departamento de Economia, ISEG-UTL, Working Paper nº 19/2009/DE/UECE. Universidade do Minho, NIPE WP 07/2009.

 

[54] “Fiscal Policy, Housing and Stock Prices”, com Ricardo Sousa. Banco Central Europeu, Working Paper n. 990, Janeiro de 2009. Departamento de Economia, ISEG-UTL, Working Paper nº 58/2008/DE/UECE. Universidade do Minho, NIPE WP 21/2008.

 

[53] “Fiscal Policy Responsiveness, Persistence, and Discretion”, com Luca Agnello and Davide Furceri. Banco Central Europeu, Working Paper n. 954, Novembro de 2008. Departamento de Economia, ISEG-UTL, Working Paper nº 50/2008/DE/UECE.

 

[52] “The Macroeconomic Effects of Fiscal Policy”, com Ricardo Sousa. Banco Central Europeu, Working Paper n. 991, Janeiro de 2009. Departamento de Economia, ISEG-UTL, Working Paper nº 56/2008/DE/UECE. Universidade do Minho, NIPE WP 22/2008.

 

[51] “Budgetary and external imbalances relationship: a panel data diagnostic”, com Christophe Rault. Banco Central Europeu, Working Paper n. 961, Novembro de 2008. Departamento de Economia, ISEG-UTL, Working Paper nº 45/2008/DE/UECE. CESifo Working Paper No. 2559.

 

[50] “Interactions between private and public sector wages”, com Pedro Gomes. Banco Central Europeu, Working Paper n. 971, Novembro de 2008. Departamento de Economia, ISEG-UTL, Working Paper nº 55/2008/DE/UECE.

 

[49] “Fiscal behaviour in the European Union: rules, fiscal decentralization and government indebtedness”, com Sebastian Hauptmeier. Banco Central Europeu, Working Paper n. 1054, Maio de 2009. Departamento de Economia, ISEG-UTL, Working Paper nº 23/2009/DE/UECE.

 

[48] “Euler testing Ricardo and Barro in the EU”, Departamento de Economia, ISEG-UTL, Working Paper nº 23/2008/DE/UECE.

 

[47] “3-Step Analysis of Public Finances Sustainability: the Case of the European Union” com Christophe Rault. Banco Central Europeu, Working Paper n. 908, Junho de 2008. Departamento de Economia, ISEG-UTL, Working Paper nº 35/2008/DE/UECE.

 

[46] “Assessing Hospital Efficiency: Non-parametric Evidence for Portugal”, com Sónia Fernandes, Departamento de Economia, ISEG-UTL, Working Paper nº 07/2008/DE/UECE.

 

[45] “Income Distribution Determinants and Public Spending Efficiency”, com Ludger Schuknecht e Vito Tanzi. Banco Central Europeu, Working Paper n. 861, Janeiro de 2008. Departamento de Economia, ISEG-UTL, Working Paper nº 05/2008/DE/UECE.

 

[44] “Economic Growth and Budgetary Components: a Panel Assessment for the EU”, com Juan González Alegre. Departamento de Economia, ISEG-UTL, Working Paper nº 29/2007/DE/UECE. Banco Central Europeu, Working Paper n. 848, Janeiro de 2008.

 

[43] “Should we care for structural breaks when assessing fiscal sustainability?” com Christophe Rault. Departamento de Economia, ISEG-UTL, Working Paper nº 01/2008/DE/UECE. William Davidson Institute Working Paper nº 902, November 2007.

 

[42] “What do we really know about fiscal sustainability in the EU? A panel data diagnostic,” com Christophe Rault. Banco Central Europeu, Working Paper n. 820, Outubro de 2007. Departamento de Economia, ISEG-UTL, Working Paper nº 20/2007/DE/UECE. William Davidson Institute Working Paper nº 893, October 2007. Laboratoire d'Economie d' Orléans, Document de Recherche 2008-03.

 

[41] “Government Size, Composition, Volatility and Economic Growth”, com Davide Furceri. Banco Central Europeu, Working Paper n. 849, Janeiro de 2008. Departamento de Economia, ISEG-UTL, Working Paper nº 04/2008/DE/UECE.

 

[40] “Business Cycle Synchronization and Insurance Mechanisms in the EU”, com Davide Furceri. Departamento de Economia, ISEG-UTL, Working Paper nº 26/2007/DE/UECE. Banco Central Europeu, Working Paper n. 844, Dezembro de 2007.

 

[39] “Macroeconomic Rates of Return of Public and Private Investment: Crowding-in and Crowding-out Effects”, com Miguel St. Aubyn. Banco Central Europeu, Working Paper n. 864, Fevereiro de 2008. Departamento de Economia, ISEG-UTL, Working Paper nº 06/2008/DE/UECE.

 

[38] “The dynamic behaviour of budget components and output,” com Peter Claeys. Banco Central Europeu, Working Paper n. 775, Julho de 2007.

 

[37] “Public finances in Portugal: a brief long-run view”. Departamento de Economia, ISEG-UTL, Working Paper nº 1/2007/DE/CISEP/UECE.

 

[36] “Sectoral Business Cycle Synchronization in the European Union”, com Davide Furceri. Departamento de Economia, ISEG-UTL, Working Paper nº 2/2007/DE/UECE.

 

[35] “What “Hides” Behind Sovereign Debt Ratings?” com Pedro Gomes e Philipp Rother. Banco Central Europeu, Working Paper n. 711, Janeiro de 2007. Departamento de Economia, ISEG-UTL, Working Paper nº 35/2006/DE/UECE.

 

[34] “Ordered Response Models for Sovereign Debt Ratings”, com Pedro Gomes e Philipp Rother. Departamento de Economia, ISEG-UTL, Working Paper nº 34/2006/DE/UECE.

 

[33] “Relative Efficiency of Health Provision: a DEA Approach with Non-discretionary Inputs”, com Miguel St. Aubyn. Departamento de Economia, ISEG-UTL, Working Paper nº 33/2006/DE/UECE.

 

[32] “Expansionary fiscal consolidations in Europe: new evidence”. European Central Bank, Working Paper n. 675, September 2006. Department of Economics, ISEG-UTL, Working Paper nº 18/2006/DE/UECE.

 

[31] “The dynamic behaviour of budget components and output – the cases of France, Germany, Portugal, and Spain,” com Peter Claeys. Departamento de Economia, ISEG-UTL, Working Paper nº 26/2006/DE/UECE.

 

[30] “An Assessment of Telecommunications Regulation Performance in the European Union”, com Carla Scaglioni. Departamento de Economia do ISEG-UTL, Working Paper nº 07/2006/DE/UECE.

 

[29] “Excess burden and the cost of inefficiency in public services provision,” com Vítor Gaspar. Banco Central Europeu, Working Paper n. 601, Março de 2006. Departamento de Economia do ISEG-UTL, Working Paper nº 05/2006/DE/UECE. Banco de Portugal, Working Paper nº 2006-9.

 

[28] “Public Sector Efficiency: Evidence for New EU Member States and Emerging Markets,” com Ludger Schuknecht and Vito Tanzi. Banco Central Europeu, Working Paper n. 581, Janeiro de 2006. Departamento de Economia do ISEG-UTL, Working Paper nº 01/2006/DE/UECE.

 

[27] “Assessing and Explaining the Relative Efficiency of Local Government: Evidence for Portuguese Municipalities,” com Sónia Fernandes. Departamento de Economia do ISEG-UTL, Working Paper nº 19/2005/DE/UECE.

 

[26] “Ricardian Fiscal Regimes in the European Union,” Banco Central Europeu, Working Paper n. 558, Novembro de 2005. Departamento de Economia do ISEG-UTL, Working Paper nº 18/2005/DE/CISEP.

 

[25] “Students and Teachers: A DEA Approach to the Relative Efficiency of Portuguese Public Universities,” com Mariana Santos, Departamento de Economia do ISEG-UTL, Working Paper nº 07/2005/DE/CISEP.

 

[24] “Public Services Efficiency Provision in Italian Regions: a Non-Parametric Analysis,” com Carla Scaglioni. Departamento de Economia do ISEG-UTL, Working Paper nº 02/2005/DE/CISEP.

 

[23] “Cross-country Efficiency of Secondary Education Provision: a Semi-parametric Analysis with Non-discretionary Inputs,” com Miguel St. Aubyn. Banco Central Europeu, Working Paper n. 494, Junho de 2005. Departamento de Economia do ISEG-UTL, Working Paper nº 05/2005/DE/CISEP/UECE.

 

[22] “Fiscal consolidations in the Central and Eastern European countries,” com Philipp Rother e Christiane Nickel. Banco Central Europeu, Working Paper n. 473, Abril de 2005. Departamento de Economia do ISEG-UTL, Working Paper nº 03/2005/DE/CISEP.

 

[21] “Quality of public finances and growth,” com Werner Ebert, Ludger Schuknecht e Michael Thöne, Banco Central Europeu, Working Paper n. 438, Fevereiro de 2005.

 

[20] “Public Tertiary Education Expenditure in Portugal: a Non-Parametric Efficiency Analysis,” com Mariana Santos. Departamento de Economia do ISEG-UTL, Working Paper nº 05/2004/DE/CISEP.

 

[19] “Non-parametric Approaches to Education and Health Expenditure Efficiency in OECD Countries,” com Miguel St. Aubyn. Departamento de Economia do ISEG-UTL, Working Paper nº 01/2004/DE/CISEP/UECE.

 

[18] “Fiscal Policy Events and Interest Rate Swap Spreads: some Evidence from the EU”, com Rolf Strauch, Banco Central Europeu, Working Paper n. 303, Fevereiro de 2004.

 

[17] “Efficiency of Local Government Spending: Evidence for the Lisbon Region”, com Sónia Fernandes, Departamento de Economia do ISEG-UTL, Working Paper nº 09/2003/DE/CISEP.

 

[16] “Public Sector Efficiency: an International Comparison”, com Vito Tanzi e Ludger Schuknecht, Banco Central Europeu, Working Paper n. 242, Julho de 2003.

 

[15] “Intermediaries, Financial Markets and Growth: Some more International Evidence”, com Raquel Ferreira, Edmund Freitas, Celso Nóbrega, e José Pinheiro, Departamento de Economia, ISEG-UTL, Working Paper nº 02/2003/DE/CISEP.

 

[14] “Understanding the Determinants of Government Debt Ratings: Evidence for the Two Leading Agencies,” Departamento de Economia, ISEG-UTL, Working Paper nº 02/2002/DE/CISEP.

 

[13] "Disturbing the Fiscal Theory of the Price Level: Can it Fit the EU-15?" Departamento de Economia, ISEG-UTL, Working Paper nº 01/2002/DE/CISEP.

 

[12] "Efeitos das Consolidações Orçamentais na UE-15: o Caso de Portugal," DGEP - Direcção-Geral de Estudos e Previsão, Ministério das Finanças, Working Paper nº 25, Janeiro de 2002.

 

[11] "Government Indebtedness and European Consumers Behaviour," Departamento de Economia, ISEG-UTL, Working Paper nº 12/2001/DE/CISEP.

 

[10] "Non-Keynesian Effects of Fiscal Policy in the EU-15," Departamento de Economia, ISEG-UTL, Working Paper nº 07/2001/DE/CISEP.

 

[9] "Fiscal policy sustainability: some unpleasant European evidence," Departamento de Economia, ISEG-UTL, Working Paper nº 12/2000/DE/CISEP.

 

[8] "Public Debt Neutrality and Private Consumption: some Evidence from the Euro Area," DGEP - Direcção-Geral de Estudos e Previsão, Ministério das Finanças, Working Paper nº 11, Junho, 1999.

 

[7] "Não Linearidade e Eficiência do Mercado Financeiro: Evidência para Portugal," DGEP - Direcção-Geral de Estudos e Previsão, Ministério das Finanças, Working Paper nº 7, Junho, 1998.

 

[6] "Credit Rationing and Monetary Transmission: Evidence for Portugal" com Miguel St. Aubyn, Departamento de Economia, ISEG-UTL, Working Paper nº 07/98, Abril, 1998.

 

[5] "Non-linear Tests of Weakly Efficient Markets: Evidence from Portugal," com João Teixeira, Departamento de Economia, ISEG-UTL, Working Paper nº 06/98, Abril, 1998.

 

[4] "Uma Nota sobre o Value at Risk: Conceitos e Utilização na Banca Portuguesa," Departamento de Economia, ISEG-UTL, Working Paper nº 01/98, Janeiro, 1998.

 

[3] "Is There Credit Rationing in Portuguese Banking?" com Miguel St. Aubyn, Department of Economics, ISEG-UTL, Working Paper nº 06/97, Outubro, 1997.

 

[2] "The Economics of Budget Deficits and Public Debt", Departamento de Economia, ISEG-UTL, Working Paper nº 05/97, Outubro, 1997.

 

[1] "Efficiency in Portuguese Stock Exchange Indexes: Runs Tests and BDS Statistic," com João Teixeira, Departamento de Economia, ISEG-UTL, Working Paper nº 02/97, Abril, 1997.