João Valle e Azevedo

Hi! I am currently a Member of the Portuguese Parliament, being Vice-President of the Parliamentary Group of PSD; Member of the Parliamentary Comission for Economic matters, Infrastructure and Housing and Member of the Parliamentary Comission for Budget, Financial matters and Public Administration.

I am Associate Professor (Adjunct) at Nova School of Business and Economics (on leave since March 2024). Formerly Head of the Monetary Policy Division at the Economics and Research Department of Banco de Portugal (2015-2024) and a Member of the Eurosystem’s Monetary Policy Committee (2019-2024).

I joined Banco de Portugal as a Research Economist in 2007 and started collaborating with Nova in 2008. I hold a Ph.D. in Economics (Stanford University) a M.Sc. in Statistics (London School of Economics) and a Licenciatura in Mathematics Applied to Economics and Business (Technical University of Lisbon - ISEG).

My research interests are in Time Series Econometrics, with a focus on Forecasting, and Macroeconomics (Monetary Economics and Fiscal Policy). My work has been published at the Journal of Business and Economic Statistics, Oxford Bulletin of Economics and Statistics, Journal of the Royal Statistical Society, International Journal of Forecasting, Journal of Economic Dynamics and Control, Macroeconomic Dynamics, The Economic Journal, International Economic Review and the Journal of International Economics.

I devote quite some time to policy issues. My main interests are in Central Banking (all aspects, including Monetary Policy design and strategy, asset and liability side of the central bank’s balance sheet, including digital central bank money and reserve management) and in the deepening of the European Economic and Monetary Union, including the role of the ECB, the evolution of macroeconomic and budgetary surveillance/conditionality, forms of fiscal federalism, joint issuance of debt, the Banking Union including the evolution of bank supervision and macroprudential policy, the Capital Markets Union, the role of the European Stability Mechanism etc.