1st Banco de Portugal Winter Research Workshop

“Portuguese Around the World”

21 de Dezembro de 2022

Banco de Portugal - Quinta da Fonte Santa, Caneças

9h00-10h30: Macroeconomics I

Chair: Miguel Faria e Castro (Federal Reserve Bank of St. Louis)

• Nic Kozeniauskas (Banco de Portugal): Demand Learning, Customer Capital, and Exporter Dynamics

• Inês Xavier (Federal Reserve Board): Wealth Inequality in the US: the Role of Heterogeneous Returns

• João Oliveira (Bank of England): Technological Change and Earnings Inequality in the US: Implications for Optimal Taxation

10h30-11h00: Break

11h00-12h30: Banking and Labor

Chair: André F. Silva (Federal Reserve Board)

• Áurea Marques (European Central Bank): The impact of capital requirements on bank capital

• Jorge Pinheiro (Bank of England): Business cycle worldwide: the impact of the bank lending channel

• Joana Silva (World Bank and Católica Lisbon): Cash Transfers and Formal Labor Markets: Evidence from Brazil

12h30-14h00: Lunch

14h00-15h00: Macroeconomics II

Chair: Nuno Paixão (Bank of Canada)

• Ana Sofia Pessoa (University of Bonn): The Political Costs of Austerity

• Nikolay Iskrev (Banco de Portugal): Spectral decomposition of the information about latent variables in dynamic macroeconomic models

15h00-15h30: Break

15h30-17h00: Firm Financing and Productivity

Chair: Diana Bonfim (Banco de Portugal and Católica Lisbon)

• Vasco Botelho (European Central Bank): Digitalisation and productivity: gamechanger or sideshow?

• Gil Nogueira (Banco de Portugal): Not All Shocks Are Created Equal: Assessing Heterogeneity in the Bank Lending Channel

• Joao Magro (European Central Bank): Covenant violations and disinvestment