Details about Bernardino Adao

Access statistics for papers by Bernardino Adao.

Last updated 2025-12-12. Update your information in the RePEc Author Service.

Short-id: pad9

Working Papers

2024

1. Assessing the Macroeconomic Effects of IPCC Scenarios: Mitigation, Adaptation, and Carbon Sinks
   Working Papers, Banco de Portugal, Economics and Research Department

2022

2. Climate change and the economy: an introduction
   Working Papers, Banco de Portugal, Economics and Research Department
3. Renewable Technology Adoption Costs and Economic Growth
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
   See also Journal Article Renewable technology adoption costs and economic growth, Energy Economics, Elsevier (2024) View citations (3) (2024)
4. The labor share and the monetary transmission
   Working Papers, Banco de Portugal, Economics and Research Department

2021

5. Climate change and monetary policy in the euro area
   Occasional Paper Series, European Central Bank View citations (28)
6. Scrapping, Renewable Technology Adoption, and Growth
   Working Papers, Banco de Portugal, Economics and Research Department

2019

7. Government Financing, Inflation, and the Financial Sector
   2019 Meeting Papers, Society for Economic Dynamics View citations (4)
   Also in Nova SBE Working Paper Series, Universidade Nova de Lisboa, Nova School of Business and Economics (2018) View citations (4)
   See also Journal Article Government financing, inflation, and the financial sector, Economic Theory, Springer (2021) (2021)

2018

8. Sub-Optimality of the Friedman Rule with Distorting Taxes
   Working Papers, Banco de Portugal, Economics and Research Department
   Also in Nova SBE Working Paper Series, Universidade Nova de Lisboa, Nova School of Business and Economics (2017) View citations (1)
9. The Effect of Firm Cash Holdings on Monetary Policy
   Working Papers, Banco de Portugal, Economics and Research Department View citations (1)
   Also in 2017 Meeting Papers, Society for Economic Dynamics (2017) View citations (1)
   See also Journal Article The effect of firm cash holdings on monetary policy, European Economic Review, Elsevier (2020) View citations (6) (2020)

2017

10. Renewable Technology Adoption and the Macroeconomy
    CESifo Working Paper Series, CESifo View citations (1)
    Also in Working Papers, Rice University, Department of Economics (2012) View citations (2)
    2016 Meeting Papers, Society for Economic Dynamics (2016)

2012

11. Debt Financing
    2012 Meeting Papers, Society for Economic Dynamics View citations (5)
12. Short and Long Interest Rate Targets
    2012 Meeting Papers, Society for Economic Dynamics
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (12)
    Working Papers, Banco de Portugal, Economics and Research Department (2010) View citations (4)
    Working Papers, Federal Reserve Bank of Minneapolis (2010) View citations (2)
    See also Journal Article Short and long interest rate targets, Journal of Monetary Economics, Elsevier (2014) View citations (12) (2014)

2010

13. Labor Immobility and the Transmission Mechanism of Monetary Policy in a Monetary Union
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Working Papers, Banco de Portugal, Economics and Research Department (2010) View citations (1)
    See also Journal Article Labor immobility and the transmission mechanism of monetary policy in a monetary union, European Economic Review, Elsevier (2013) View citations (1) (2013)

2009

14. Monetary Policy with State Contingent Interest Rates
    2009 Meeting Papers, Society for Economic Dynamics
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2004) View citations (3)
    Working Papers, Banco de Portugal, Economics and Research Department (2004) View citations (2)
    2004 Meeting Papers, Society for Economic Dynamics (2004) View citations (3)
15. The Monetary Transmission Mechanism for a Small Open Economy in a Monetary Union
    Working Papers, Banco de Portugal, Economics and Research Department View citations (1)
    See also Journal Article The Monetary Transmission Mechanism for a Small Open Economy in a Monetary Union, Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department (2009) (2009)

2007

16. Monetary Policy with Single Instrument Feedback Rules
    2007 Meeting Papers, Society for Economic Dynamics
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (8)
    Working Papers, Banco de Portugal, Economics and Research Department (2004)
    Working Paper Series, Federal Reserve Bank of Chicago (2004)
17. On the Relevance of Exchange Rate Regimes for Stabilization Policy
    2007 Meeting Papers, Society for Economic Dynamics
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (18)
    Working Papers, Banco de Portugal, Economics and Research Department (2006) View citations (22)
    See also Journal Article On the relevance of exchange rate regimes for stabilization policy, Journal of Economic Theory, Elsevier (2009) View citations (45) (2009)

2005

18. Exchange Rate Regimes
    2005 Meeting Papers, Society for Economic Dynamics View citations (8)
19. Monetary and Fiscal Policy in a Monetary Union
    2005 Meeting Papers, Society for Economic Dynamics View citations (2)
20. Optimal Fiscal and Monetary Policy in Open Economies
    2005 Meeting Papers, Society for Economic Dynamics View citations (2)
21. The effects of a government expenditures shock
    Working Papers, Banco de Portugal, Economics and Research Department
22. Unique equilibrium with single monetary instrument rules
    Working Papers, Banco de Portugal, Economics and Research Department

2004

23. Instruments of Monetary Policy
    2004 Meeting Papers, Society for Economic Dynamics View citations (3)
    See also Journal Article Instruments of Monetary Policy, Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department (2004) (2004)

2003

24. The Monetary Transmission Mechanism: Is it Relevant for Policy?
    Working Papers, Banco de Portugal, Economics and Research Department View citations (2)
    Also in Econometric Society World Congress 2000 Contributed Papers, Econometric Society (2000) View citations (5)
    See also Journal Article The Monetary Transmission Mechanism: is it Relevant for Policy?, Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department (2005) (2005)

2001

25. A New Representation for the Foreign Currency Risk Premium
    Working Papers, Banco de Portugal, Economics and Research Department
26. Entry Mistakes with Strategic Pricing
    Working Papers, Banco de Portugal, Economics and Research Department
    See also Journal Article Entry Mistakes with strategic Pricing, Annals of Economics and Statistics, GENES (2003) (2003)
27. Gaps and Triangles
    Working Papers, Banco de Portugal, Economics and Research Department View citations (7)
    Also in Econometric Society World Congress 2000 Contributed Papers, Econometric Society (2000) View citations (7)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (7)
    Working Paper Series, Federal Reserve Bank of Chicago (2001) View citations (49)
    See also Journal Article Gaps and Triangles, The Review of Economic Studies, Review of Economic Studies Ltd (2003) View citations (75) (2003)

1999

28. Iberian Financial Integration
    Working Papers, Banco de Portugal, Economics and Research Department

1995

29. Beliefs, Competition, and Bank Runs
    Finance, University Library of Munich, Germany View citations (1)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (1995)
    See also Journal Article Sequential Equilibrium and Competition in a Diamond-Dybvig Banking Model, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (1998) View citations (9) (1998)

Journal Articles

2025

1. Free riding in climate mitigation
   Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2025
2. On how to assess the impact of monetary policy
   Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2025

2024

3. Renewable technology adoption costs and economic growth
   Energy Economics, 2024, 129, (C) View citations (3)
   See also Working Paper Renewable Technology Adoption Costs and Economic Growth, Finance and Economics Discussion Series (2022) View citations (2) (2022)

2023

4. Risk reallocation under Central Bank’s large-scale asset purchases
   Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2023

2021

5. Government financing, inflation, and the financial sector
   Economic Theory, 2021, 71, (4), 1357-1396
   See also Working Paper Government Financing, Inflation, and the Financial Sector, 2019 Meeting Papers (2019) View citations (4) (2019)

2020

6. The effect of firm cash holdings on monetary policy
   European Economic Review, 2020, 128, (C) View citations (6)
   See also Working Paper The Effect of Firm Cash Holdings on Monetary Policy, Working Papers (2018) View citations (1) (2018)

2019

7. Real transfers and the Friedman rule
   Economic Theory, 2019, 67, (1), 155-177 View citations (1)
8. Why is price stability a key goal of central banks?
   Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2019

2015

9. Increased strength of monetary policy
   Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2015

2014

10. Short and long interest rate targets
    Journal of Monetary Economics, 2014, 66, (C), 95-107 View citations (12)
    See also Working Paper Short and Long Interest Rate Targets, 2012 Meeting Papers (2012) (2012)

2013

11. Labor immobility and the transmission mechanism of monetary policy in a monetary union
    European Economic Review, 2013, 63, (C), 28-46 View citations (1)
    See also Working Paper Labor Immobility and the Transmission Mechanism of Monetary Policy in a Monetary Union, CEPR Discussion Papers (2010) (2010)

2012

12. On the targeting of short and long term interest rates
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2012
13. Welfare costs of inflation with distortionary taxation
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2012

2011

14. Unique Monetary Equilibria with Interest Rate Rules
    Review of Economic Dynamics, 2011, 14, (3), 432-442 View citations (37)

2010

15. A model of a small open economy integrated in a monetary union
    Portuguese Economic Journal, 2010, 9, (3), 195-209
16. Wage and Price Rigidity in a Monetary Union
    Open Economies Review, 2010, 21, (1), 109-126 View citations (1)

2009

17. On the relevance of exchange rate regimes for stabilization policy
    Journal of Economic Theory, 2009, 144, (4), 1468-1488 View citations (45)
    See also Working Paper On the Relevance of Exchange Rate Regimes for Stabilization Policy, 2007 Meeting Papers (2007) (2007)
18. The Monetary Transmission Mechanism for a Small Open Economy in a Monetary Union
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2009
    See also Working Paper The Monetary Transmission Mechanism for a Small Open Economy in a Monetary Union, Working Papers (2009) View citations (1) (2009)

2007

19. Ensuring Price Stability with an Interest Rate Rule
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2007

2006

20. On the Costs of a Monetary Union
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2006
21. The Effects of a Government Consumption Shock
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2006

2005

22. The Monetary Transmission Mechanism: is it Relevant for Policy?
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2005
    Also in Journal of the European Economic Association, 2004, 2, (2-3), 310-319 (2004) View citations (8)
    See also Working Paper The Monetary Transmission Mechanism: Is it Relevant for Policy?, Working Papers (2003) View citations (2) (2003)

2004

23. Instruments of Monetary Policy
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2004
    See also Working Paper Instruments of Monetary Policy, 2004 Meeting Papers (2004) View citations (3) (2004)

2003

24. Entry Mistakes with strategic Pricing
    Annals of Economics and Statistics, 2003, (70), 181-197
    See also Working Paper Entry Mistakes with Strategic Pricing, Working Papers (2001) (2001)
25. Gaps and Triangles
    The Review of Economic Studies, 2003, 70, (4), 699-713 View citations (75)
    See also Working Paper Gaps and Triangles, Working Papers (2001) View citations (7) (2001)
26. The Conduct of Monetary Policy: a Critical Review
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2003
27. The Portuguese Escudo in the ERM and the Efectiveness of the Exchange Rate Management
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2003

2000

28. Interest rate spreads implicit in options: Spain and Italy against Germany
    Applied Financial Economics, 2000, 10, (2), 155-161 View citations (2)

1999

29. The demand for money by firms
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 1999

1998

30. Information on expectations about the escudo convergence from the volatility implied in currency options
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 1998
31. Sequential Equilibrium and Competition in a Diamond-Dybvig Banking Model
    Review of Economic Dynamics, 1998, 1, (4), 859-877 View citations (9)
    See also Working Paper Beliefs, Competition, and Bank Runs, Finance (1995) View citations (1) (1995)

1997

32. Extracting information from options premia: the case of the return of the Italian lira to the ERM of the EMS
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 1997
33. Testing the expectations theory for the Portuguese yield curve
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 1997
34. The treasury bill market in Portugal profit margins of financial institutions
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 1997