Articles in Scientific Journals
Santos, C.; Costa, L. & Brito, P. (2022). Demand, Supply and Markup Fluctuations. Economic Journal 132(644), 1620–1645. https://doi.org/10.1093/ej/ueab090. Video abstract Pre-print [M]
Brito, P.; Costa, L. & Dixon, H. (2013). Non-Smooth Dynamics and Multiple Equilibria in a Cournot-Ramsey Model with Endogenous Markups. Journal of Economic Dynamics and Control 37(11), 2287-2306. https://doi.org/10.1016/j.jedc.2013.05.014. Pre-print
Afonso, A. & Costa, L. (2013). Market Power and Fiscal Policy in OECD Countries. Applied Economics 45(32), 4545-4555. https://doi.org/10.1080/00036846.2013.795275. Dataset Pre-print
Costa, L. & Dixon, H. (2011). Fiscal Policy under Imperfect Competition with Flexible Prices: An overview and survey. Economics: The Open-Access, Open-Assessment E-Journal 5(2011-3). http://dx.doi.org/10.5018/economics-ejournal.ja.2011-3. Pre-print Lecture slides
Costa, L. (2007). GDP Steady-state Multipliers under Imperfect Competition Revisited. Portuguese Economic Journal 6(3), 181-204. https://doi.org/10.1007/s10258-007-0027-8.
Costa, L. (2006). Entry and Fiscal Policy Effectiveness in a Small Open Economy within a Monetary Union. Portuguese Economic Journal 5(1), 45-65. https://doi.org/10.1007/s10258-006-0003-8.
Costa, L. (2004). Endogenous Markups and Fiscal Policy. Manchester School 72(S), 55-71. https://doi.org/10.1111/j.1467-9957.2004.00419.x.
Costa, L. (2001). Can Fiscal Policy Improve Welfare in a Small Dependent Economy with Feedback Effects? Manchester School 69(4), 418-439. https://doi.org/10.1111/1467-9957.00256.
Book Chapters
Brito, P., Costa, L. & Santos, C.. Produtividade em Portugal no Século XXI [Productivity in Portugal in the 21st Century]. In Bastien, C., Catroga, E. & Borges, M.R. (eds.) 111 Anos: Por onde andou e para onde vai a economia portuguesa. Coimbra: Almedina, pp. 573-611. Pre-print
Brito, P.; Costa, L. & Dixon (2017). From Sunspots to Black Holes: Singular Dynamics in Macroeconomic Models. In Nishimura, K., Venditti, A. & Yannelis, N. (eds.) Sunspots and Non-Linear Dynamics: Essays in Honor of Jean-Michel Grandmont. Studies in Economic Theory Vol. 31. Heidelberg: Springer, pp. 41-70. https://doi.org/10.1007/978-3-319-44076-7_3. Pre-print
Costa, L. & Dixon, H. (2013). A Simple Business-Cycle Model with Schumpeterian Features. In Lopes, J.C., Santos, J., St. Aubyn, M., & Santos, S. (eds.) Estudos de Homenagem a João Ferreira do Amaral [Studies in Honour of João Ferreira do Amaral]. Coimbra: Almedina, pp. 747-779. Pre-print
Cunha, G. & Costa, L. (2013). Exploring the Literature on the Japanese Stagnation in the Nineties: A business-cycle-accounting approach. In Lopes, J.C., Santos, J., St. Aubyn, M., & Santos, S. (eds.) Estudos de Homenagem a João Ferreira do Amaral [Studies in Honour of João Ferreira do Amaral]. Coimbra: Almedina, pp. 467-498. Pre-print
Work in Progress
Krause, W.; Costa, L. & Costa Filho, J. (2023). The Covid-19 Recession in Germany: A Macropidemiological Analysis. REM Working Paper 290. https://ideas.repec.org/p/ise/remwps/wp02902023.html. [M]
Costa, L.; Palma, N. & Pistola, R. (2023). The Fraudster and the Bank. Preliminary version on tour.
Brito, P.; Costa, L.; Costa Filho, J. & Santos, C. (2023). The square root of all evil: The role of market power in fiscal consolidations. Presented at conferences. [M]
Brito, P.; Costa, L.; Custódio, C. & Santos, C. (2023). Heterogeneous Responses to Business Cycle Fluctuations: The effects of financial strength on sales and markup. Presented at conferences. [M]
Brito, P.; Costa, L. & Dixon, H. (2023). To Infinity and Beyond: Singular macroeconomic dynamics and temporary (in)determinacy. Presented at conferences. [M]
Editorial Work
Editorial Notes
Costa, L. & Fernandes, A. (2023). Editors' Note. Portuguese Economic Journal 22(1), 1-3. https://doi.org/10.1007/s10258-022-00232-z.
Costa, L. & Portela, M. (2022). Editors' Note. Portuguese Economic Journal 21(1), 1-2. https://doi.org/10.1007/s10258-021-00205-8.
Costa, L. & Dias, D. (2021). Editors' Note. Portuguese Economic Journal 20(1), 1-3. https://doi.org/10.1007/s10258-020-00192-2.
Costa, L. & Hoernig, S. (2020). Editors' Note. Portuguese Economic Journal 19(1), 1-3. https://doi.org/10.1007/s10258-019-00169-w.
Costa, L. & Rodrigues, P. (2019). Editors' Note. Portuguese Economic Journal 18(1), 1-3. https://doi.org/10.1007/s10258-019-00155-2.
Costa, L. & Duarte, M. (2017). Editors' Note. Portuguese Economic Journal 16(3), 145-147. https://doi.org/10.1007/s10258-017-0138-9.
Costa, L. & Guimarães, P. (2016). Editors' Note. Portuguese Economic Journal 15(3), 129-130. https://doi.org/10.1007/s10258-016-0125-6.
Costa, L. (2015). Editorial Note. Portuguese Economic Journal 14(1-3), 1-4. https://doi.org/10.1007/s10258-015-0111-4.
Special Issues
Costa, L.; Dias, D.; Hoernig, S.; Portela, M. & Rodrigues, P. (2022). 20th anniversary of the Portuguese Economic Journal. Portuguese Economic Journal 22(1).
Alves, R.P., Costa, L. & Hoernig, S. (2019). Economic policy in Portugal: innovation, competitiveness, and internationalisation. Portuguese Economic Journal 18(3).
Refereeing
Australian Economic Papers, De Economist, Economic Journal, Economics Bulletin, European Economic Review (pre-2003), Japanese Economic Review, Journal of Macroeconomics, Journal of Mathematical Economics, Journal of Public Economic Theory, Macroeconomic Dynamics, Manchester School, Portuguese Economic Journal (pre-2015).
Old Stuff
Claeys, P. & Costa, L. (2012). A Note on the Relationship between the Cyclicality of Markups and Fiscal Policy. IREA of Universitat de Barcelona Working Papers 2012/15. https://ideas.repec.org/p/ira/wpaper/201215.html.
Costa, L. & St. Aubyn, M. (2012). The Macroeconomic Effects of Legal-Simplification Programmes. ISEG of Univ Tecn Lisboa, Department of Economics Working Papers 12/2012/DE/UECE. https://ideas.repec.org/p/ise/isegwp/wp122012.html.
Costa, L. & Palma, N. (2007). Comment on 'Productive Public Expenditure and Imperfect Competition with Endogenous Price Markup'. MPRA Papers 5143. https://ideas.repec.org/p/pra/mprapa/5143.html.
Costa, L. (1992). Estudo Econométrico para o Mercado Monetário em Portugal (1977-1990) [Econometric Study for the Money Market in Portugal (1977-1990)]. Cadernos de Económicas - Departamento de Economia ISEG of Univ Tecn Lisboa 29/92.
Research Projects
Principal investigator of "Markups, Fluctuations, and Financial Frictions" (2018-2021), PTDC/EGE-ECO/28814/2017 funded by Fundação para a Ciência e a Tecnologia. Other researchers in the project: Paulo Brito, Cláudia Custódio, Huw Dixon, Carlos Santos, and João Costa Filho. [M]
Researcher of "Firm Dynamics, Markups, and Macroeconomic Dynamics" (2010-2013), PTDC/EGE-ECO/104659/2008 funded by Fundação para a Ciência e a Tecnologia . Other researchers in the project: Paulo Brito (PI), Huw Dixon, and Carlos Santos.
Principal investigator of "Market Structure, Entry, and Macroeconomics" (2004-2007), POCTI/ECO/46580/2002 funded by Fundação para a Ciência e a Tecnologia and co-funded by ERDF. Other researchers in the project: Paulo Brito and Huw Dixon.
Research Interests
dynamic general-equilibrium models;
fiscal policy;
business cycles;
Industrial Organisation-Macroeconomics interactions;
open-economy Macroeconomics.