Universidade do Minho


Ricardo M. Sousa


London School of Economics and Political Science


Department of Economics


University of Minho


Campus of Gualtar


4710-057 - Braga - Portugal



Office: EEG - 2.11


          Phone: +351 253 601935


          Fax: +351 253 676375


          Email: rjsousa@eeg.uminho.pt, rjsousa@alumni.lse.ac.uk










I am an Associate Professor at the Department of Economics and a Researcher at the Economic Policies Research Unit (NIPE) of the University of Minho. Previously, I worked as a Senior Economist at the European Stability Mechanism (ESM) and the Bank for International Settlements (BIS), as an Economist at the Bank of England and the European Central Bank (ECB), and held visiting positions at the Central Bank of Portugal and the International Monetary Fund (IMF). I also taught at the London School of Economics and Political Science (LSE) and the Queen Mary University of London.


I hold a PhD in Economics from the London School of Economics and Political Science and I am a member of the LSE Alumni Association. At the LSE, I studied under the supervision of Alexander Michaelides (Department of Economics) and Christian Julliard (Department of Finance) and was affiliated at the Financial Markets Group (FMG). I also hold a MPhil in Economic Policy and a BSc in Economics from the University of Minho.


My main research interests are: Macroeconomics, Monetary and Fiscal Policy, Empirical Finance and Asset Pricing Models, International Finance, Housing Economics, Emerging Markets, Macro-Econometrics and Quantitative Methods, Economic Modeling, Bayesian Model Averaging and Bayesian Econometrics, Energy Economics, and Development and Growth.


I have published in international peer-reviewed journals, such as Cambridge Journal of Regions, Economy and Society, Computational Economics, Economic Inquiry, Energy Economics, Energy Policy, European Journal of Political Economy, International Review of Economics and Finance, Journal of Business and Economic Statistics, Journal of Empirical Finance, Journal of Financial Stability, Journal of International Financial Markets, Institutions and Money, Journal of International Money and Finance, Journal of Macroeconomics, Journal of Money, Credit and Banking, Macroeconomic Dynamics, Real Estate Economics, and Review of International Economics.


Selected Publications:

·         “What determines the duration of a fiscal consolidation program?”, Journal of International Money and Finance2013, 37, 113-134(with L. Agnello and V. Castro)

·         “The real effects of financial stress in the Eurozone”International Review of Financial Analysis2013, 30, 1-17.  (with S.K. Mallick)

·         “How does fiscal policy react to wealth composition and asset prices?”, Journal of Macroeconomics2012, 34(3), 874-890. (with L. Agnello and V. Castro)

·         “Assessing long-term fiscal developments: a new approach”Journal of International Money and Finance2011, 30(1), 130-146. (with A. Afonso, L. Agnello and D. Furceri) 

·         Consumption, (dis)aggregate wealth and asset returnsJournal of Empirical Finance2010, 17(4), 606-622. 


Recent Policy Papers:


Recent Conferences/Seminars:



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