Details about Vitor Castro

Access statistics for papers by Vitor Castro.

Last updated 2023-10-20. Update your information in the RePEc Author Service.

Short-id: pca481

Working Papers

2022

1. Determinants of the Duration of Economic Recoveries: The Role of ´Too Much Finance´
   Working Papers IES, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies

2020

2. Unconventional monetary policy reaction functions: evidence from the US
   Post-Print, HAL View citations (2)
   See also Journal Article Unconventional monetary policy reaction functions: evidence from the US, Studies in Nonlinear Dynamics & Econometrics, De Gruyter (2020) View citations (2) (2020)

2019

3. The Benevolence of Time, Sound Macroeconomic Environment and Governance Quality on the Duration of Sovereign Ratings Phases
   Working Papers, European Stability Mechanism

2018

4. Economic and political drivers of the duration of credit booms
   NIPE Working Papers, NIPE - Universidade do Minho
5. Political and institutional determinants of credit booms
   CeBER Working Papers, Centre for Business and Economics Research (CeBER), University of Coimbra View citations (1)
   See also Journal Article Political and Institutional Determinants of Credit Booms, Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford (2019) View citations (15) (2019)
6. Why are credit booms sometimes sweet and sometimes sour?
   CeBER Working Papers, Centre for Business and Economics Research (CeBER), University of Coimbra View citations (1)
   See also Journal Article Why are credit booms sometimes sweet and sometimes sour?, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (2021) View citations (1) (2021)

2016

7. Functional components of public expenditure, fiscal consolidations and the economic activity
   NIPE Working Papers, NIPE - Universidade do Minho
   See also Journal Article Functional components of public expenditure, fiscal consolidations, and economic activity, Economics and Politics, Wiley Blackwell (2018) View citations (3) (2018)
8. On the behaviour of the functional components ofgovernment expenditures during fiscal consolidations
   NIPE Working Papers, NIPE - Universidade do Minho View citations (1)
9. Politically driven cycles in fiscal policy: In depth analysis of the functional components of government expenditures
   NIPE Working Papers, NIPE - Universidade do Minho View citations (6)
   See also Journal Article Politically driven cycles in fiscal policy: In depth analysis of the functional components of government expenditures, European Journal of Political Economy, Elsevier (2018) View citations (25) (2018)
10. Shades of red and blue: Political ideology and sustainable development
    NIPE Working Papers, NIPE - Universidade do Minho View citations (3)
    Also in Proceedings of International Academic Conferences, International Institute of Social and Economic Sciences (2016) View citations (3)
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2016) View citations (3)
11. The Electoral Dynamics of Human Development
    NIPE Working Papers, NIPE - Universidade do Minho View citations (3)
    See also Journal Article The Electoral Dynamics of Human Development, Journal of Development Studies, Taylor & Francis Journals (2018) View citations (2) (2018)

2015

12. Budget, expenditures composition and political manipulation: Evidence from Portugal
    NIPE Working Papers, NIPE - Universidade do Minho View citations (2)

2014

13. Are There Political Cycles Hidden Inside Government Expenditures?
    GEMF Working Papers, GEMF, Faculty of Economics, University of Coimbra
    Also in NIPE Working Papers, NIPE - Universidade do Minho (2014) View citations (4)
    See also Journal Article Are there political cycles hidden inside government expenditures?, Applied Economics Letters, Taylor & Francis Journals (2016) View citations (11) (2016)

2013

14. Are There Change-Points in the Likelihood of a Fiscal Consolidation Ending?
    GEMF Working Papers, GEMF, Faculty of Economics, University of Coimbra View citations (1)
    Also in NIPE Working Papers, NIPE - Universidade do Minho (2012) View citations (1)
15. Duration dependence and change-points in the likelihood of credit booms ending
    NIPE Working Papers, NIPE - Universidade do Minho View citations (5)
16. Is There Duration Dependence in Portuguese Local Governments’ Tenure?
    GEMF Working Papers, GEMF, Faculty of Economics, University of Coimbra View citations (11)
    Also in NIPE Working Papers, NIPE - Universidade do Minho (2012) View citations (1)
    See also Journal Article Is there duration dependence in Portuguese local governments' tenure?, European Journal of Political Economy, Elsevier (2013) View citations (8) (2013)
17. Macroeconomic Determinants of the Credit Risk in the Banking System: The Case of the GIPSI
    GEMF Working Papers, GEMF, Faculty of Economics, University of Coimbra View citations (123)
    Also in NIPE Working Papers, NIPE - Universidade do Minho (2012) View citations (14)
    See also Journal Article Macroeconomic determinants of the credit risk in the banking system: The case of the GIPSI, Economic Modelling, Elsevier (2013) View citations (132) (2013)
18. What Determines the Duration of a Fiscal Consolidation Program?
    GEMF Working Papers, GEMF, Faculty of Economics, University of Coimbra View citations (39)
    Also in NIPE Working Papers, NIPE - Universidade do Minho (2012) View citations (5)
    See also Journal Article What determines the duration of a fiscal consolidation program?, Journal of International Money and Finance, Elsevier (2013) View citations (39) (2013)

2011

19. How Does Fiscal Policy React to Wealth Composition and Asset Prices?
    NIPE Working Papers, NIPE - Universidade do Minho View citations (5)
    Also in GEMF Working Papers, GEMF, Faculty of Economics, University of Coimbra (2011) View citations (6)
    See also Journal Article How does fiscal policy react to wealth composition and asset prices?, Journal of Macroeconomics, Elsevier (2012) View citations (52) (2012)
20. Mayors’ Reelection Choice and the Economy: Evidence from Portugal
    NIPE Working Papers, NIPE - Universidade do Minho
21. The Portuguese Business Cycle: Chronology and Duration Dependence
    NIPE Working Papers, NIPE - Universidade do Minho View citations (2)
    Also in GEMF Working Papers, GEMF, Faculty of Economics, University of Coimbra (2011) View citations (2)
    See also Journal Article The Portuguese business cycle: chronology and duration dependence, Empirical Economics, Springer (2015) View citations (2) (2015)
22. The Portuguese Stock Market Cycle: Chronology and Duration Dependence
    NIPE Working Papers, NIPE - Universidade do Minho View citations (1)
    Also in GEMF Working Papers, GEMF, Faculty of Economics, University of Coimbra (2011) View citations (1)
    See also Journal Article The Portuguese stock market cycle: Chronology and duration dependence, OECD Journal: Journal of Business Cycle Measurement and Analysis, OECD Publishing, Centre for International Research on Economic Tendency Surveys (2013) (2013)

2010

23. How Do Central Banks React to Wealth Composition and Asset Prices?
    GEMF Working Papers, GEMF, Faculty of Economics, University of Coimbra View citations (7)
    Also in NIPE Working Papers, NIPE - Universidade do Minho (2010) View citations (5)
    See also Journal Article How do central banks react to wealth composition and asset prices?, Economic Modelling, Elsevier (2012) View citations (27) (2012)
24. The duration of business cycle expansions and contractions: Are there change-points in duration dependence?
    NIPE Working Papers, NIPE - Universidade do Minho View citations (5)
    Also in GEMF Working Papers, GEMF, Faculty of Economics, University of Coimbra (2010) View citations (1)
    See also Journal Article The duration of business cycle expansions and contractions: are there change-points in duration dependence?, Empirical Economics, Springer (2013) View citations (14) (2013)

2008

25. Are Central Banks following a linear or nonlinear (augmented) Taylor rule?
    Economic Research Papers, University of Warwick - Department of Economics View citations (36)
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2008) View citations (36)
    NIPE Working Papers, NIPE - Universidade do Minho (2008) View citations (37)
26. The duration of economic expansions and recessions: More than duration dependence
    Economic Research Papers, University of Warwick - Department of Economics View citations (6)
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2008) View citations (9)
    NIPE Working Papers, NIPE - Universidade do Minho (2008) View citations (6)
    See also Journal Article The duration of economic expansions and recessions: More than duration dependence, Journal of Macroeconomics, Elsevier (2010) View citations (70) (2010)

2007

27. The Causes of Excessive Deficits in The European Union
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations (8)
    Also in NIPE Working Papers, NIPE - Universidade do Minho (2007) View citations (8)
28. The Impact Of The European Union Fiscal Rules On Economic Growth
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations (11)
    Also in NIPE Working Papers, NIPE - Universidade do Minho (2007) View citations (11)
    See also Journal Article The impact of the European Union fiscal rules on economic growth, Journal of Macroeconomics, Elsevier (2011) View citations (36) (2011)

2003

29. Causas do Atraso na Estabilização da Inflação: Abordagem Teórica e Empírica
    GEMF Working Papers, GEMF, Faculty of Economics, University of Coimbra
30. The Impact of Conflicts of Interest on Inflation Stabilization
    NIPE Working Papers, NIPE - Universidade do Minho

2002

31. Political Business Cycles and Inflation Stabilization
    NIPE Working Papers, NIPE - Universidade do Minho View citations (3)
    See also Journal Article Political business cycles and inflation stabilization, Economics Letters, Elsevier (2004) View citations (17) (2004)

Journal Articles

2023

1. A quest between fiscal and market discipline
   Economic Modelling, 2023, 119, (C) View citations (2)
2. Interest rate gaps in an uncertain global context: why “too” low (high) for “so” long?
   Empirical Economics, 2023, 64, (2), 539-565
3. The duration of acceleration cycle downturns: duration dependence, international dynamics and synchronisation
   Empirical Economics, 2023, 64, (4), 1667-1698
4. The relationship between excessive lending, risk premium and risk‐taking: Evidence from European banks
   International Journal of Finance & Economics, 2023, 28, (1), 448-471

2022

5. A new comprehensive database of financial crises: Identification, frequency, and duration
   Economic Modelling, 2022, 108, (C) View citations (35)
6. On the international co-movement of natural interest rates
   Journal of International Financial Markets, Institutions and Money, 2022, 80, (C) View citations (1)
7. Political economy of financial crisis duration
   Public Choice, 2022, 192, (3), 309-330 View citations (6)
8. Political environment and financial crises
   International Journal of Finance & Economics, 2022, 27, (1), 417-438 View citations (7)
9. The effect of emotional positivity of brand-generated social media messages on consumer attention and information sharing
   Journal of Business Research, 2022, 140, (C), 49-61 View citations (6)

2021

10. Economic liberalization, political regimes and ideology
    Kyklos, 2021, 74, (4), 463-487 View citations (2)
11. Government ideology and economic freedom
    Journal of Comparative Economics, 2021, 49, (1), 73-91 View citations (8)
12. On the duration of sovereign ratings cycle phases
    Journal of Economic Behavior & Organization, 2021, 182, (C), 512-526 View citations (4)
13. What drives the duration of credit booms?
    International Journal of Finance & Economics, 2021, 26, (1), 1531-1549 View citations (2)
14. Why are credit booms sometimes sweet and sometimes sour?
    International Journal of Finance & Economics, 2021, 26, (2), 3054-3074 View citations (1)
    See also Working Paper Why are credit booms sometimes sweet and sometimes sour?, CeBER Working Papers (2018) View citations (1) (2018)

2020

15. Global factors, uncertainty, weather conditions and energy prices: On the drivers of the duration of commodity price cycle phases
    Energy Economics, 2020, 90, (C) View citations (24)
16. How does monetary policy respond to the dynamics of the shadow banking sector?
    International Journal of Finance & Economics, 2020, 25, (2), 228-247 View citations (3)
17. Riding the Wave of Credit: Are Longer Expansions Really a Bad Omen?
    Open Economies Review, 2020, 31, (4), 729-751 View citations (4)
18. The Housing Cycle: What Role for Mortgage Market Development and Housing Finance?
    The Journal of Real Estate Finance and Economics, 2020, 61, (4), 607-670 View citations (3)
19. The collapse of credit booms: a competing risks analysis
    Journal of Economic Studies, 2020, 47, (6), 1437-1465 View citations (1)
20. Unconventional monetary policy reaction functions: evidence from the US
    Studies in Nonlinear Dynamics & Econometrics, 2020, 24, (4), 18 View citations (2)
    See also Working Paper Unconventional monetary policy reaction functions: evidence from the US, Post-Print (2020) View citations (2) (2020)

2019

21. A competing risks tale on successful and unsuccessful fiscal consolidations
    Journal of International Financial Markets, Institutions and Money, 2019, 63, (C) View citations (6)
22. Budgets, expenditure composition and political manipulation
    International Review of Applied Economics, 2019, 33, (2), 172-187 View citations (6)
23. Political and Institutional Determinants of Credit Booms
    Oxford Bulletin of Economics and Statistics, 2019, 81, (5), 1144-1178 View citations (15)
    See also Working Paper Political and institutional determinants of credit booms, CeBER Working Papers (2018) View citations (1) (2018)

2018

24. ECONOMIC ACTIVITY, CREDIT MARKET CONDITIONS, AND THE HOUSING MARKET
    Macroeconomic Dynamics, 2018, 22, (7), 1769-1789 View citations (12)
25. FINANCIAL MARKETS' SHUTDOWN AND REACCESS
    Economic Inquiry, 2018, 56, (1), 562-571 View citations (4)
26. Functional components of public expenditure, fiscal consolidations, and economic activity
    Economics and Politics, 2018, 30, (1), 124-150 View citations (3)
    See also Working Paper Functional components of public expenditure, fiscal consolidations and the economic activity, NIPE Working Papers (2016) (2016)
27. Politically driven cycles in fiscal policy: In depth analysis of the functional components of government expenditures
    European Journal of Political Economy, 2018, 55, (C), 44-64 View citations (25)
    See also Working Paper Politically driven cycles in fiscal policy: In depth analysis of the functional components of government expenditures, NIPE Working Papers (2016) View citations (6) (2016)
28. Shades of red and blue: government ideology and sustainable development
    Public Choice, 2018, 175, (3), 303-323 View citations (13)
29. Systemic financial crises and the housing market cycle
    Applied Economics Letters, 2018, 25, (10), 724-729 View citations (3)
30. The Electoral Dynamics of Human Development
    Journal of Development Studies, 2018, 54, (1), 191-211 View citations (2)
    See also Working Paper The Electoral Dynamics of Human Development, NIPE Working Papers (2016) View citations (3) (2016)
31. The Impact of Fiscal Consolidation on Human Development
    Journal of International Development, 2018, 30, (3), 399-429 View citations (3)
32. The Legacy and the Tyranny of Time: Exit and Re‐Entry of Sovereigns to International Capital Markets
    Journal of Money, Credit and Banking, 2018, 50, (8), 1969-1994 View citations (10)

2017

33. Income inequality, fiscal stimuli and political (in)stability
    International Tax and Public Finance, 2017, 24, (3), 484-511 View citations (9)
34. Pure, White and Deadly… Expensive: A Bitter Sweetness in Health Care Expenditure
    Health Economics, 2017, 26, (12), 1644-1666 View citations (1)
35. Spillovers from the oil sector to the housing market cycle
    Energy Economics, 2017, 61, (C), 209-220 View citations (14)
36. The impact of fiscal consolidations on the functional components of government expenditures
    Economic Modelling, 2017, 60, (C), 138-150 View citations (18)

2016

37. Are there political cycles hidden inside government expenditures?
    Applied Economics Letters, 2016, 23, (1), 34-37 View citations (11)
    See also Working Paper Are There Political Cycles Hidden Inside Government Expenditures?, GEMF Working Papers (2014) (2014)
38. Financial stress and sovereign debt composition
    Applied Economics Letters, 2016, 23, (9), 678-683 View citations (1)

2015

39. Booms, Busts, and Normal Times in the Housing Market
    Journal of Business & Economic Statistics, 2015, 33, (1), 25-45 View citations (28)
40. Do debt crises boost financial reforms?
    Applied Economics Letters, 2015, 22, (5), 356-360 View citations (5)
41. Fiscal consolidation and financial reforms
    Applied Economics, 2015, 47, (34-35), 3740-3755 View citations (6)
42. Is fiscal fatigue a threat to consolidation programmes?
    Environment and Planning C, 2015, 33, (4), 765-779 View citations (8)
43. The Portuguese business cycle: chronology and duration dependence
    Empirical Economics, 2015, 49, (1), 325-342 View citations (2)
    See also Working Paper The Portuguese Business Cycle: Chronology and Duration Dependence, NIPE Working Papers (2011) View citations (2) (2011)
44. What determines the likelihood of structural reforms?
    European Journal of Political Economy, 2015, 37, (C), 129-145 View citations (41)

2014

45. Fiscal adjustments, labour market flexibility and unemployment
    Economics Letters, 2014, 124, (2), 231-235 View citations (17)

2013

46. Is there duration dependence in Portuguese local governments' tenure?
    European Journal of Political Economy, 2013, 31, (C), 26-39 View citations (8)
    See also Working Paper Is There Duration Dependence in Portuguese Local Governments’ Tenure?, GEMF Working Papers (2013) View citations (11) (2013)
47. Macroeconomic determinants of the credit risk in the banking system: The case of the GIPSI
    Economic Modelling, 2013, 31, (C), 672-683 View citations (132)
    See also Working Paper Macroeconomic Determinants of the Credit Risk in the Banking System: The Case of the GIPSI, GEMF Working Papers (2013) View citations (123) (2013)
48. Running for office again: evidence from Portuguese municipal elections
    Public Choice, 2013, 156, (3), 677-702 View citations (7)
49. The Portuguese stock market cycle: Chronology and duration dependence
    OECD Journal: Journal of Business Cycle Measurement and Analysis, 2013, 2013, (1), 1-23
    See also Working Paper The Portuguese Stock Market Cycle: Chronology and Duration Dependence, NIPE Working Papers (2011) View citations (1) (2011)
50. The duration of business cycle expansions and contractions: are there change-points in duration dependence?
    Empirical Economics, 2013, 44, (2), 511-544 View citations (14)
    See also Working Paper The duration of business cycle expansions and contractions: Are there change-points in duration dependence?, NIPE Working Papers (2010) View citations (5) (2010)
51. What determines the duration of a fiscal consolidation program?
    Journal of International Money and Finance, 2013, 37, (C), 113-134 View citations (39)
    See also Working Paper What Determines the Duration of a Fiscal Consolidation Program?, GEMF Working Papers (2013) View citations (39) (2013)

2012

52. How do central banks react to wealth composition and asset prices?
    Economic Modelling, 2012, 29, (3), 641-653 View citations (27)
    See also Working Paper How Do Central Banks React to Wealth Composition and Asset Prices?, GEMF Working Papers (2010) View citations (7) (2010)
53. How does fiscal policy react to wealth composition and asset prices?
    Journal of Macroeconomics, 2012, 34, (3), 874-890 View citations (52)
    See also Working Paper How Does Fiscal Policy React to Wealth Composition and Asset Prices?, NIPE Working Papers (2011) View citations (5) (2011)

2011

54. Can central banks' monetary policy be described by a linear (augmented) Taylor rule or by a nonlinear rule?
    Journal of Financial Stability, 2011, 7, (4), 228-246 View citations (121)
55. The impact of the European Union fiscal rules on economic growth
    Journal of Macroeconomics, 2011, 33, (2), 313-326 View citations (36)
    See also Working Paper The Impact Of The European Union Fiscal Rules On Economic Growth, The Warwick Economics Research Paper Series (TWERPS) (2007) View citations (11) (2007)

2010

56. The duration of economic expansions and recessions: More than duration dependence
    Journal of Macroeconomics, 2010, 32, (1), 347-365 View citations (70)
    See also Working Paper The duration of economic expansions and recessions: More than duration dependence, Economic Research Papers (2008) View citations (6) (2008)

2005

57. How the Maastricht criteria and the Stability and Growth Pact affected real convergence in the European Union: A panel data analysis
    Journal of Policy Modeling, 2005, 27, (3), 385-399 View citations (22)

2004

58. Political business cycles and inflation stabilization
    Economics Letters, 2004, 83, (1), 1-6 View citations (17)
    See also Working Paper Political Business Cycles and Inflation Stabilization, NIPE Working Papers (2002) View citations (3) (2002)