Working Papers

From Banco de Portugal, Economics and Research Department
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2009: Evidence from surveys of price-setting managers: Policy lessons and directions for ongoing research

Fernando Martins and Vítor Gaspar

2009: Back to basics: Data revisions

Cláudia Duarte and Fátima Cardoso

2009: Are ATM/POS Data Relevant When Nowcasting Private Consumption?

Paulo Esteves

2009: The Cross Sectional Dynamics of Heterogenous Trade Models

Luca David Opromolla and Alfonso Irarrazabal

2009: Adding Value to Bank Branch Performance Evaluation Using Cognitive Maps and MCDA: A Case Study

Paulo Rodrigues and Fernando A. F. Ferreira

2009: An Assessment of Portuguese Bank's Costs and Efficiency

Thomas Weyman-Jones

2009: A New Measure of Fiscal Shocks Based on Budget Forecasts and its Implications

Manuel Pereira

2009: On LM-Type Tests for Seasonal Unit Roots in the Presence of a Break in Trend

Paulo Rodrigues and Luis Nunes

2009: The Flexible Fourier Form and Local GLS De-trended Unit Root Tests

Paulo Rodrigues and Robert Taylor

2009: How are Firms’ Wages and Prices Linked: Survey Evidence in Europe

Fernando Martins and M. Druant

2009: Monetary Policy and the Financing of Firms

Pedro Teles and Fiorella De Fiore

2009: Money is an Experience Good: Competition and Trust in the Private Provision of Money

Pedro Teles and Ramon Marimon

2009: The dynamic effects of shocks to wages and prices in the United States and the Euro Area

Rita Duarte

2009: Dynamic factor models with jagged edge panel data: Taking on board the dynamics of the idiosyncratic components

António Rua and Maximiano Pinheiro

2009: The Number of Bank Relationships, Borrowing Costs and Bank Competition

Diana Bonfim and Qinglei Dai

2009: Double Coverage and Health Care Utilisation:Evidence from Quantile Regression

Sara Moreira

2009: Real Wages and the Business Cycle: Accounting for Worker and Firm Heterogeneity

Paulo Guimaraes, Pedro Portugal and Anabela Carneiro

2009: A Simple Feasible Alternative Procedure to Estimate Models with High-Dimensional Fixed Effects

Paulo Guimaraes and Pedro Portugal

2009: Credit Risk and Capital Requirements for the Portuguese Banking System

Paula Antão

2009: Local Identification in DSGE Models

Nikolay Iskrev

2009: Elusive Counter-Cyclicality and Deliberate Opportunism? Fiscal Policy from Plans to Final Outcomes

Álvaro Pina

2009: The interest rate pass-through of the Portuguese banking system: characterization and determinants

Paula Antão

2009: International comovement of stock market returns: a wavelet analysis

António Rua and Luis Nunes

2009: The Monetary Transmission Mechanism for a Small Open Economy in a Monetary Union

Bernardino Adao

2009: Finite Sample Performance of Frequency and Time Domain Tests for Seasonal Fractional Integration

João Valle e Azevedo, Paulo Rodrigues and Antonio Rubia

2009: The Main Trends in Public Finance Developments in Portugal:1986-2008

Cláudia Braz

2008: Inflation expectations in the euro area: Are consumers rational?

António Rua, Cláudia Duarte and Francisco Craveiro Dias

2008: Analysis of the Predictors of Default for Portuguese Firms

Russ Moro

2008: On the uncertainty and risks of macroeconomic forecasts: Combining judgements with sample and model information

Paulo Esteves and Maximiano Pinheiro

2008: A Theory of Entry and Exit into Exports Markets

Luca David Opromolla and Alfonso Irarrazabal

2008: Approximating and Forecasting Macroeconomic Signals in Real-Time

João Valle e Azevedo and Ana Pereira

2008: Forecasting investment: A fishing contest using survey data

José Maria and Sara Serra

2008: Product and Destination Mix in Export Markets

João Amador and Luca David Opromolla

2008: Improving Competition in the Non-Tradable Goods and Labour Markets: The Portuguese Case

Gabriela Castro

2008: Impact on Welfare of Country Heterogeneity in a Currency Union

Carla Soares

2008: Empirical Evidence on the Behavior and Stabilizing Role of Fiscal and Monetary Policies in the US

Manuel Pereira

2008: Impact of the Recent Reform of the Portuguese Public Employees’ Pension System

Manuel Pereira and Maria Campos

2008: International Fragmentation of Production in the Portuguese Economy: What do Different Measures Tell Us?

João Amador and Sonia Cabral

2008: Vertical Specialization Across the World: A Relative Measure

João Amador and Sonia Cabral

2008: Determining the number of factors in approximate factor models with global and group-specific factors

António Rua and Francisco Craveiro Dias

2008: Statistical Arbitrage with Default and Collateral

José Fajardo

2008: Forecasting Using Targeted Diffusion Indexes

António Rua and Francisco Craveiro Dias

2008: Evaluating Job Search Programs for Old and Young Individuals: Heterogeneous Impact on Unemployment Duration

Mário Centeno

2008: What is behind the recent evolution of Portuguese terms of trade?

Fátima Cardoso and Paulo Esteves

2008: The effects of low-cost countries on Portuguese manufacturing import prices

Fátima Cardoso and Paulo Esteves

2008: Unemployment Benefits and Reservation Wages: Key Elasticities from a Stripped-Down Job Search Approach

Pedro Portugal and John Addison

2008: Do Reservation Wages Really Decline? Some International Evidence on the Determinants of Reservation Wages

Pedro Portugal and John Addison

2008: Household Wealth in Portugal: Revised Series

Fátima Cardoso, Luísa Farinha and Rita Lameira

2007: Do labor market policies affect employment composition? Lessons from European countries

António Antunes

2007: Is the euro area M3 abandoning us?

Nuno Alves

2007: Is Time Ripe for Price Level Path Stability?

Vítor Gaspar

2007: An Open Economy Model of the Euro Area and the US

Nuno Alves and Sandra Gomes

2007: A Multivariate Band-Pass Filter

João Valle e Azevedo

2007: Labor Adjustment Costs in a Panel of Establishments: A Structural Approach

Pedro Portugal and João Ejarque

2007: Inflation (mis)perceptions in the euro area

António Rua, Cláudia Duarte and Francisco Craveiro Dias

2007: International Trade Patterns over the Last Four Decades: How does Portugal Compare with other Cohesion Countries?

João Amador, José Maria and Sonia Cabral

2007: Exact Limit of the Expected Periodogram in the Unit-Root case

João Valle e Azevedo

2007: Interpretation of the Effects of Filtering Integrated Time Series

João Valle e Azevedo

2007: How Do Different Entitlements to Unemployment Benefits Affect the Transitions from Unemployment into Employment?

Pedro Portugal and John Addison

2007: Total Factor Productivity Growth in the G7 Countries: Different or Alike?

João Amador and Carlos Coimbra

2007: Characteristics of the Portuguese Economic Growth: What has been Missing?

João Amador and Carlos Coimbra

2007: Credit Risk Drivers: Evaluating the Contribution of Firm Level Information and of Macroeconomic Dynamics

Diana Bonfim

2007: A Stochastic Frontier Analysis of Secondary Education Output in Portugal

Manuel Pereira and Sara Moreira

2007: Price setting in the euro area: Some stylised facts from Individual Producer Price Data

Philip Vermeulen

2007: Spatial and Temporal Aggregation in the Estimation of Labor Demand Functions

Pedro Portugal and Jose Varejao

2007: Adjusting to the Euro

Gabriel Fagan

2007: The Forward Premium of Euro Interest Rates

Sónia Costa and Ana Galvão

2007: Relative Export Structures and Vertical Specialization: A Simple Cross-Country Index

João Amador, José Maria and Sonia Cabral

2007: MISS: A model for assessing the sustainability of public social security in Portugal

Maximiano Pinheiro

2007: Financial Sector Assessment Programme Portugal: Banking System Stress-Testing

Economics and Research Department