LICENCIATURAS

PERSONAL IDENTIFICATION

Full name: Ricardo Jorge Magalhães de Abreu Santos Sousa.

Birth date: October 16^th, 1976.

Birth place: Ponte de Lima, Portugal.

Nationality: Portuguese.

Civil status: Unmarried partnership with two children.

E-mail: rjsousa@eeg.uminho.pt; rjsousa@alumni.lse.ac.uk

EDUCATION

2005-2008: PhD in Economics, London School of Economics and Political Science.

(Thesis title: “Consumption, Housing and Financial Wealth, Asset Returns, and Monetary Policy”;

Committee: Prof. Oliver Linton (LSE), Dr. Alexander Michaelides (LSE), Dr. Christian Julliard (LSE), and Dr. Kevin Sheppard (University of Oxford)).

2003-2005: MRes in Economics, London School of Economics and Political Science.

1999-2002: Master (MPhil) in Economic Policy, University of Minho.

1995-1999: BSc in Economics, University of Minho.

ACADEMIC EXPERIENCE

2008-present: Assistant Professor, Department of Economics of the University of Minho.

Academic year 2010-2011, Computational Methods Applied to Economics (MPhil/PhD in Economics), Financial Economics (MSc in Monetary, Banking and Financial Economics), Macroeconomics II (BSc in Economics); Mathematical Economics I (BSc in Economics).

Academic year 2009-2010, Mathematical Economics (MSc/PhD in Economics), Monetary Economics (MSc in Monetary, Banking and Financial Economics), Financial Economics (MSc in Monetary, Banking and Financial Economics), Mathematical Economics I (BSc in Economics).

Academic year 2008-2009, Advanced Macroeconomics II (MSc in Economics), Mathematical Economics (MSc in Economics), Complements of Macroeconomics (MSc in Economics, Markets and Public Policies), Monetary and Financial Economics (BSc in Economics), Macroeconomics II (BSc in Economics), Mathematical Economics I (BSc in Economics), and Economics and Monetary Policy (BSc in Management).

Academic year 2007-2008, Mathematical Economics (MSc in Economics), Economic Analysis (MSc in Maths), Macroeconomics II (BSc in Economics) and Optimization and Economic Modelling (BSc in Maths).

2006-2008: Teaching Fellow, Department of Economics, London School of Economics and Political Science.

Academic year 2007-2008, EC402 – Methods of Economic Investigation (MSc in Economics), for Prof. Rajeev Dehejia and Dr. Christian Julliard.

Academic year 2006-2007, EC437 – Financial Econometrics, for Dr. Vassilis Hajivassiliou and EC400 – Introductory Courses in Maths and Statistics for MSc Students (Revision Maths and Maths for Micro), for Dr. Margaret Bray and Dr. Georg Weizsacker.

2004-2006: Graduate Teaching Assistant, Department of Economics, London School of Economics and Political Science.

Academic year 2005-2006, EC210 – Macroeconomic Principles, for Dr. Javier Ortega and Dr. Eran Yashiv and EC400 – Introductory Courses in Maths and Statistics for MSc Students (Maths and Maths for Micro), for Dr. Margaret Bray and Dr. Gilat Levy.

Academic year 2004-2005, EC210 – Macroeconomic Principles, for Dr. Barbara Petrongolo and Dr. Eran Yashiv.

2002-2008: Assistant, Department of Economics, University of Minho.

Academic year 2002/2003, Stabilizing Economic Policies (MSc in Economic Policy), Macroeconomic Analysis I (BSc in Economics), Economics II (BSc in Management), Political Economy II (BSc in Public Administration).

2000-2002: Teaching Assistant, Department of Economics, University of Minho.

Academic year 2001/2002, Political Economy (BSc in Law).

Academic year 2000/2001, Macroeconomic Analysis (BSc in International Relations), Methods and Technics of Planning (BSc in Geology).

PROFESSIONAL EXPERIENCE

2010: Visiting Researcher, Research Department, Central Bank of Portugal (Banco de Portugal).

2009: PhD Internship, International Policy Analysis Division (IPA), European Central Bank.

2008: PhD Internship, Monetary Policy Stance Division (MSN), European Central Bank.

2008: PhD Internship, Fiscal Policies Division (FIP), European Central Bank.

2008-present: Effective Member, Economic Policies Research Unit (NIPE), University of Minho.

2006-present: Research Assistant, Financial Markets Group (FMG), London School of Economics and Political Science.

2000: Research Assistant, Economic Policies Research Unit (NIPE), University of Minho. Research project: “Macroeconomic performance indicators of Cávado's NUT: comparative analysis with the major NUTS III of the Continent, the Continent and Galicia”.

1999-2000: Research Assistant, Applied Micreconomics Research Unit (NIMA), University of Minho. Research project: “Globalization and Social Exclusion”, European Comission, IV R&D Program, TSER Program.

RESEARCH

Research interests: Macroeconomics, Monetary and Fiscal Policy, International Economics, Empirical Finance and Asset Pricing Modeling, Emerging Markets, Macroeconometrics and Quantitative Methods, Bayesian Model Averaging and Bayesian Econometrics, Development and Growth, Regional and Urban Economics.

Dissertations:

Sousa, Ricardo M. (2008), Consumption, Housing and Financial Wealth, Asset Returns, and Monetary Policy, Thesis submitted to the Department of Economics of the London School of Economics and Political Science (LSE) for the degree of Doctor of Philosophy (PhD). Supervisors: Dr. Alexander Michaelides (LSE) and Dr. Christian Julliard (LSE).

Sousa, Ricardo M. (2002), Stock Market, Wealth, and Consumption, Thesis submitted to the Department of Economics of the University of Minho for the degree of Master of Philosophy (MPhil). Supervisor: Prof. Dolores Cabral (University of Minho).

Published Papers:

“How does fiscal policy react to wealth composition and asset prices?”, Journal of Macroeconomics, forthcoming. (with Luca Agnello and Vítor Castro) [ISI JCR (Economics) Impact Factor (2010): 0.678]

“Linking wealth and labour income with stock returns and government bond yields", European Journal of Finance, forthcoming. [ISI JCR (Business and Finance) Impact Factor (2010): 0.488]

“What is the impact of wealth shocks on asset allocation?”, Quantitative Finance, forthcoming. [ISI JCR (Business and Finance) Impact Factor (2010): 0.59]

“Real effects of monetary policy in large emerging economies”, Macroeconomic Dynamics, forthcoming. (with Sushanta K. Mallick) [ISI JCR (Economics) Impact Factor (2010): 0.763]

“Investment in emerging market economies“, Empirical Economics, forthcoming. (with Tuomas Peltonen and Isabel Vansteenkiste) [ISI JCR (Economics) Impact Factor (2010): 0.714]

“Financial reforms and income inequality“, Economics Letters, forthcoming. (with Luca Agnello and Sushanta K. Mallick) [ISI JCR (Economics) Impact Factor (2010): 0.449]

“Wealth, asset portfolio, money demand and policy rule”, Bulletin of Economic Research, forthcoming. [ISI JCR (Economics) Impact Factor (2010): 0.163]

“Fiscal policy and asset prices", Bulletin of Economic Research, forthcoming. (with Luca Agnello) [ISI JCR (Economics) Impact Factor (2010): 0.163]

“Fiscal adjustments and income inequality: A first assessment”, Applied Economics Letters, 2012, 19(16), 1627-1632. (with Luca Agnello) [ISI JCR (Economics) Impact Factor (2010): 0.245]

“How do banking crises impact on income inequality?”, Applied Economics Letters, 2012, 19(15), 1425-1429. (with Luca Agnello) [ISI JCR (Economics) Impact Factor (2010): 0.245]

“Wealth effects in emerging market economies”, International Review of Economics and Finance, 2012, 24(2), 155-166. (with Tuomas Peltonen and Isabel Vansteekiste) [ISI JCR (Business and Finance) Impact Factor (2010): 0.809]

“How do central banks react to wealth composition and asset prices?", Economic Modelling, 2012, 29(3), 641-653. (with Vítor Castro) [ISI JCR (Economics) Impact Factor (2010): 0.601]

“The macroeconomic effects of fiscal policy”, Applied Economics, 2012, 44(34), 4439-4454. (with António Afonso) [ISI JCR (Economics) Impact Factor (2010): 0.424]

“Wealth-to-income ratio, government bond yields and financial stress in the Euro Area”, Applied Economics Letters, 2012, 19(11), 1085-1088. [ISI JCR (Economics) Impact Factor (2010): 0.245]

“Wealth-to-income ratio and stock returns: Evidence from the Euro Area”, Applied Economics Letters, 2012, 19(7), 619-622. [ISI JCR (Economics) Impact Factor (2010): 0.245]

“Time-varying expected returns: evidence from the U.S. and the U.K.”, Applied Economics Letters, 2012, 19(5), 413-416. [ISI JCR (Economics) Impact Factor (2010): 0.245]

“Assessing long-term fiscal developments: a new approach”, Journal of International Money and Finance, 2011, 30(1), 130-146. (with António Afonso, Luca Agnello and Davide Furceri) [ISI JCR (Business and Finance) Impact Factor (2010): 0.836]

“What are the effects of fiscal policy on asset markets?“, Economic Modelling, 2011, 28(4), 1871-1890. (with António Afonso) [ISI JCR (Economics) Impact Factor (2010): 0.601]

“The impact of government spending on the private sector: crowding-out versus crowding-in effects”, Kyklos, 2011, 64(4), 516-533. Lead article. (with Davide Furceri) [ISI JCR (Economics) Impact Factor (2010): 1.127]

“Fundamentals, financial factors and the dynamics of investment in emerging markets“, Emerging Markets Finance and Trade, 2011, 47(03S2), 88-105. (with Tuomas Peltonen and Isabel Vansteekiste) [ISI JCR (Economics) Impact Factor (2010): 0.444]

“Consumption, wealth, stock and government bond returns: international evidence”, The Manchester School, 2011, 79(6), 1294-1332. (with António Afonso) [ISI JCR (Economics) Impact Factor (2010): 0.333]

“Fiscal regime shifts in Portugal“, Portuguese Economic Journal, 2011, 10(2), 83-108. (with António Afonso and Peter Claeys) [ISI JCR (Economics) Impact Factor (2010): 0.25]

“The macroeconomic effects of fiscal policy in Portugal: a Bayesian SVAR analysis”, Portuguese Economic Journal, 2011, 10(1), 61-82. (with António Afonso) [ISI JCR (Economics) Impact Factor (2010): 0.25]

“Assessing long-term fiscal developments: evidence from Portugal”, Applied Economics Letters, 2011, 18, 1-5. Lead article. (with António Afonso) [ISI JCR (Economics) Impact Factor (2010): 0.245]

“Can fiscal policy stimulus boost economic recovery?”, Revue Économique, 2011, 62(6), 1045-1066. (with Luca Agnello)

“Does government spending crowd-out private consumption and investment? Theory and some empirical evidence”, World Economics, 2011, 12(4), 153-170. (with Davide Furceri)

“Building empirical proxies that capture time-variation in expected returns using a VAR approach”, Applied Financial Economics, 2011, 21(3), 147-163.

“Consumption, (dis)aggregate wealth and asset returns“, Journal of Empirical Finance, 2010, 17(4), 606-622. [ISI JCR (Business and Finance) Impact Factor (2010): 0.807]

“Housing wealth, financial wealth, money demand and policy rule: evidence from the euro area", North American Journal of Economics and Finance, 2010, 21(1), 88-105.

“The consumption-wealth ratio and asset returns: The Euro Area, the UK and the US”, Journal of Money, Investment and Banking, 2010, 16, 12-29.

“Wealth effects on consumption: evidence from the euro area”, Banks and Bank Systems, 2010, 5(2), 78-87.

“How do consumption and asset returns react to wealth shocks: evidence from the U.S. and the U.K.”, The Empirical Economics Letters, 2010, 9(5), May.

“Financial wealth, housing wealth, and consumption“, International Research Journal of Finance and Economics, 2008, 19, 167-191.

“Some employment indicators of the North of Portugal“, Eco Revista del Eje Atlântico, 2003, N.º 147, August, A Coruña, 43.

“Demographical dynamics of the North of Portugal and Galiza: a comparative perspective“, Eco Revista del Eje Atlântico, 2003, N.º 142, March, A Coruña, 29.

“Economic performance indicators: a synthesis“, Cadernos de Estudos Municipais, 2002, N.º 13, June, University of Minho, 117-132 (with João Cadima Ribeiro and Dolores Cabral).

“Profile of the low-wages worker and company in Portugal“, Economia, 2000, Vol. XXIV, January-May-October, Portuguese Catholic University, Lisbon, 53-66 (with Ana Rute Cardoso, Vítor Castro and Priscila Ferreira).

“Municipal development dynamics in the Cávado's Valley - A reflection from some employment indicators“, Cadernos de Estudos Municipais, 1999, N.º 11-12, June-December, University of Minho, 243-253 (joint with Dolores Cabral).

Book Chapters:

“Collateralizable wealth, asset returns and systemic risk: international evidence”, In: Barnett, W. A. and F. Jawadi (Eds.), Nonlinear Modeling of Economic and Financial Time-Series, International Symposia in Economic Theory and Econometrics, 2010, 20, 1-27, Emerald Group Publishing, London. Lead Chapter.

“Wealth effects on consumption”, In: Boskins, A. P. (Ed.), Consumer Economics: New Research, Nova Science Publishers, New York, 2008.

Working Papers:

“How does fiscal consolidation impact on income inequality?”, Banque de France, Document de Travail No. 382; University of Minho, NIPE Working Paper No. 34/2011. 2011. Submitted for publication. (with Luca Agnello) Media mentions: The Economist, Blog "Free Exchange", 2011, December 7th; Calgary Real Estate, 2011, December 20th; The Huffington Post, 2011, November 29th; Prakash Loungani's Blog, 2011, November 29th; PoliEcon's Blog, 2011, November 30th.

“Fiscal adjustments and income inequality: A first assessment”, Banque de France, mimeo. 2011. (with Luca Agnello)

“Are stock and housing returns complements or substitutes? Evidence from OECD countries”, CESifo Working Paper No. 3621; DIW Berlin Working Paper No. 1158; Brunel University, Economics and Finance Working Paper No. 11-15; University of Minho, NIPE Working Paper No. 33/2011. 2011. Submitted for publication. (with Guglielmo Maria Caporale)

“Consumption, wealth, stock and housing returns: Evidence from emerging markets”, CESifo Working Paper No. 3601; DIW Berlin Working Paper No. 1159; Brunel University, Economics and Finance Working Paper No. 11-14; University of Minho, NIPE Working Paper No. 32/2011. 2011. Submitted for publication. (with Guglielmo Maria Caporale)

“Fiscal policy discretion, private spending and crisis episodes”. Banque de France, Document de Travail No. 354; University of Minho, NIPE Working Paper No. 31/2011. 2011. Submitted for publication. (with Luca Agnello and Davide Furceri)

“How do banking crises impact on income inequality?”, University of Minho, NIPE Working Paper No. 30/2011. 2011. (with Luca Agnello) Media mentions: Economic Logician's Blog, 2011, December 14th; PoliEcon's Blog, 2011, November 30th.

“Wealth-to-income ratio, housing returns, and systemic risk”, University of Minho, mimeo. 2011. Submitted for publication. (with Manuel João Rocha Armada)

“How does fiscal policy react to wealth composition and asset prices?”, University of Minho, NIPE Working Paper No. 24/2011. 2011. (with Luca Agnello and Vítor Castro)

“Wealth, labour income, stock returns and government bond yields, and financial stress in the Euro Area”, University of Minho, NIPE Working Paper No. 22/2011. 2011.

“Asset returns under model uncertainty: Evidence from the euro area, the U.K. and the U.S.”, Central Bank of Portugal, Economic and Research Department Working Paper No. 201119; University of Minho, NIPE Working Paper No. 21/2011. 2011. Submitted for publication. (with João Sousa)

“Do windfall gains affect labour supply? Evidence from the European Household Panel", University of Minho, NIPE Working Paper No. 20/2011. 2011. Submitted for publication. (with Urban Sila)

“Fiscal policy in the BRICs”, University of Minho, NIPE Working Paper No. 19/2011. 2011. Submitted for publication. (with Fredj Jawadi and Sushanta K. Mallick)

“Monetary policy rules in the BRICS: How important is nonlinearity?”, University of Minho, NIPE Working Paper No. 18/2011. 2011. Submitted for publication. (with Fredj Jawadi and Sushanta K. Mallick)

“The real effects of financial stress in the Eurozone”, University of Minho, NIPE Working Paper No. 12/2011. 2011. Submitted for publication. (with Sushanta K. Mallick)

“Can fiscal stimulus boost economic recovery?". Banque de France, Document de Travail No. 325. 2011. (with Luca Agnello)

“Consumption, wealth, stock and government bond returns: international evidence”, University of Minho, NIPE Working Paper Nº. 9/2011; ISEG-Technical University of Lisbon (UTL), Working Paper Nº. 9/2011/DE/UECE. 2011. (with António Afonso)

“Fiscal policy and asset prices". University of Minho, NIPE Working Paper No. 25/2010. 2010. (with Luca Agnello)

“Wealth, stock returns, government bond yields, and systemic risk”. University of Minho, mimeo. 2010. 2010.

“Wealth-to-income ratio and government bond yields: Evidence from the Euro Area”. University of Minho, mimeo. 2010.

“Wealth-to-income ratio and stock returns: Evidence from the Euro Area”. University of Minho, mimeo. 2010.

“Wealth, asset returns, and systemic risk: International evidence”. University of Minho, mimeo. 2010.

"Wealth, asset portfolio, money demand and policy rule". University of Minho, mimeo. 2010.

“How do central banks react to wealth composition and asset prices?". University of Minho, NIPE Working Paper No. 26/2010; University of Coimbra, GEMF Working Paper No. 19/2010. 2010. (with Vítor Castro)

“Collateralizable wealth, asset returns and systemic risk: international evidence”. University of Minho, NIPE Working Paper No. 15/2010. 2010.

“How do consumption and asset returns react to wealth shocks: evidence from the U.S. and the U.K.”. University of Minho, NIPE Working Paper No. 14/2010. 2010.

“Time-varying expected returns: evidence from the U.S. and the U.K.”. University of Minho, NIPE Working Paper No. 10/2010. 2010.

“The consumption-wealth ratio and asset returns: The Euro Area, the UK and the US”, University of Minho, NIPE Working Paper No. 9/2010. 2010.

“Monetary policy and economic activity in the BRICS”, University of Minho, NIPE Working Paper No. 27/2009. 2009. (with Sushanta K. Mallick)

"What are the wealth effects of monetary policy?". University of Minho, NIPE Working Paper Nº. 26/2009. 2009.

"Fiscal regime shifts in Portugal". University of Minho, NIPE Working Paper Nº. 25/2009; University of Barcelona, Research Institute of Applied Economics, IREA Working Paper Nº. 200921; ISEG-Technical University of Lisbon (UTL), Working Paper Nº. 41/2009/DE/UECE. 2009. (with António Afonso and Peter Claeys)

"Fundamentals, financial factors and the dynamics of investment in emerging markets". University of Minho, NIPE Working Paper Nº. 19/2009. 2009. (with Tuomas Peltonen and Isabel Vansteenkiste)

"Asset prices, credit and investment in emerging markets". University of Minho, NIPE Working Paper Nº. 18/2009. 2009. (with Tuomas Peltonen and Isabel Vansteenkiste)

“Wealth effects on consumption: evidence from the euro area”. European Central Bank, ECB Working Paper Nº. 1050; University of Minho, NIPE Working Paper Nº. 12/2009. 2009.

"The determinants of public deficit volatility". European Central Bank, ECB Working Paper Nº. 1042; University of Minho, NIPE Working Paper Nº. 11/2009. 2009. Submitted for publication. (with Luca Agnello)

“Assessing long-term fiscal developments: a new approach”. European Central Bank, ECB Working Paper Nº. 1032; University of Minho, NIPE Working Paper Nº. 7/2009; ISEG-Technical University of Lisbon (UTL), Working Paper Nº. 19/2009/DE/UECE. 2009. (with António Afonso, Luca Agnello and Davide Furceri)

“The impact of government spending on the private sector: crowding-out versus crowding-in effects”. University of Minho, NIPE Working Paper Nº. 6/2009. 2009. Media mentions: The Economist, 2010, October 30th - November 5th, p. 76; RTPN, 2010, November 6th. (with Davide Furceri)

“Wealth effects in emerging market economies”. European Central Bank, ECB Working Paper Nº. 1000; University of Minho, NIPE Working Paper Nº. 4/2009. 2009. (with Tuomas Peltonen and Isabel Vansteenkiste)

“The macroeconomic effects of fiscal policy in Portugal: a Bayesian SVAR analysis”. University of Minho, NIPE Working Paper Nº. 3/2009; ISEG-Technical University of Lisbon (UTL), Working Paper Nº. 9/2009/DE/UECE. 2009. Media mentions: Público, 2010, December 27th. (with António Afonso)

“Assessing long-term fiscal developments: evidence from Portugal”. University of Minho, NIPE Working Paper Nº. 1/2009; ISEG-Technical University of Lisbon (UTL), Working Paper Nº. 3/2009/DE/UECE. 2009. (with António Afonso)

“The macroeconomic effects of fiscal policy”. European Central Bank, ECB Working Paper Nº. 991; University of Minho, NIPE Working Paper Nº. 22/2008; ISEG-Technical University of Lisbon (UTL), Working Paper Nº. 56/2008/DE/UECE. 2009. (with António Afonso)

“Fiscal policy, housing and stock prices”. European Central Bank, ECB Working Paper Nº. 990; University of Minho, NIPE Working Paper Nº. 21/2008; ISEG-Technical University of Lisbon (UTL), Working Paper Nº. 58/2008/DE/UECE. 2009. (with António Afonso)

"Housing wealth, financial wealth, and monetary policy: Evidence from the euro area", European Central Bank, mimeo. 2008. (with Björn Fischer and Mika Tujula)

“Wealth shocks and risk aversion”. London School of Economics and Political Science, mimeo; University of Minho, NIPE Working Paper Nº. 28/2007. 2010. XVI International “Tor Vergata” Conference on Banking and Finance - Young Economist – BEST PAPER award.

“Housing prices and monetary policy”. London School of Economics and Political Science, mimeo. 2008. (with Christian Julliard and Alexander Michaelides)

“Risks for the long-run and the cross-section of asset returns”. London School of Economics and Political Science, mimeo. 2008. (with Christian Julliard)

“Expectations, shocks and asset returns”. University of Minho, NIPE Working Paper Nº. 29/2007. 2007.

“Consumption, (dis)aggregate wealth, and asset returns”. University of Minho, NIPE Working Paper Nº. 9/2005. 2005.

"Property of stocks and wealth effects on consumption". University of Minho, NIPE Working Paper Nº. 2/2003. 2003.

"Location, specialization, diversification indicators, and shift-share analysis: an application to the NUTIII of North Region in the period 1986-1998". University of Minho, NIPE Working Paper Nº. 13/2001. 2001. (with Dolores Cabral)

Research Grants:

Calouste Gulbenkian Foundation Grant (€1,040.00) (February 2011).

Economic & Social Research Council (ESRC) Grant – RES-165-25-0024 (£254,415.37), (with Nobuhiro Kiyotaki (Princeton University), Alexander Michaelides (LSE) and Christian Julliard (LSE)): Home Ownership, Housing Collateral and Aggregate Fluctuations (September 2006 - August 2009).

Calouste Gulbenkian Foundation Grant (€740.00) (August 2009).

Portuguese Foundation for Science and Technology (FCT) Grant – POCI/EGE/58641/2004 (€36,910.00), (with Fernando Alexandre (University of Minho), Pedro Bação (University of Coimbra), Vasco Gabriel (University of Surrey), and John Driffill (Birkbeck College, University of London)): Monetary Policy and Wealth Effect on Consumption (August 2005 – July 2008).

Reports:

"Macroeconomic performance indicators – Cávado's Valley NUT: a comparative analysis with the major NUT III of the Continent, the Continent and Galiza; The municipalities of Cávado's Valley - a brief diagnosis”, Observatory for the Competitiveness and Life's Quality, Agency for the Regional Development of the Cávado's Valley (ADRVC), September. 2002. (with Dolores Cabral, Lisete Ramos and Paulo Mourão)

“Macroeconomic performance indicators - Cávado's Valley NUT: a comparative analysis with the major NUT III of the Continent, the Continent and Galiza”, Agency for the Regional Development of the Cávado's Valley (ADRVC) and the Ministry of Social Security and Labor, September. 2000. (with João Cadima Ribeiro and Dolores Cabral)

“Low wages in Portugal”, NIMA – Applied Microeconomics Research Unit and the Ministry of Social Security and Labor, February. 2000. (with Ana Rute Cardoso, Priscila Ferreira and Vítor Castro)

Conferences:

2011 Annual Meeting of the European Financial Management Association, Braga (Portugal), 22^nd-25^th June 2011.

15^th International Conference on Macroeconomic Analysis and International Finance, Rethymno (Greece), 26^th-28^th May 2011.

2011 Annual Meeting of the European Public Choice Society, Rennes (France), 28^th April-1^st May 2011.

37^th Eastern Economic Association Annual Conference, Ramapo College of New Jersey, New York (USA), 25^th-27^th February 2011.

The 23^rd Australasian Finance and Banking Conference, The University of New South Wales, Sydney (Australia), 15^th-17^th December 2010.

Second Emerging Scholars in Banking and Finance Conference, Cass Business School, City University of London, London (UK), 9^th December 2010.

Conference on "New Challenges for Public Debt in Advanced Economies", Banque de France and Bureau d'Economie Théorique et Appliquée (BETA) of the University of Strasbourg, Strasbourg (France), 16^th-17^th September 2010.

25^th Meeting of the European Economic Association, Glasgow (Scotland), 23^rd-26^th August 2010.

EuroConference 2010 of the Society for the Study of Emerging Markets, Milas (Turkey), 16^th-18^th July 2010.

International Conference on Economic Modeling – EcoMod 2010, Istanbul (Turkey), 7^th-10^th July 2010.

6^th Portuguese Finance Network, Ponta Delgada (Portugal), 1^st-3^rd July 2010.

4^th Portuguese Economic Journal Conference, Faro (Portugal), 25^th-26^th June 2010.

Third Annual Brunel University PhD Conference in Economics and Finance, Brunel University, London (UK), 11^th June 2010.

First World Finance Conference, Viana do Castelo (Portugal), 26^th-28^th May 2010.

2010 Annual Meeting of the European Public Choice Society, Izmir (Turkey), 8^th-11^th April 2010.

36^th Annual Meeting of the Eastern Economic Association, Philadelphia (USA), 26^th-28^th February 2010.

First International Symposium in Computational Economics and Finance, Sousse (Tunisia), 25^th-27^th February 2010.

XVIII International “Tor Vergata” Banking and Finance Conference, University of Rome “Tor Vergata”, Rome (Italy), 2^nd-4^th December 2009.

Center for International Capital Markets (CICM) Conference 2009, "20 Years of Transition in Central and Eastern Europe: Money, Banking and Financial Markets", London Metropolitan Business School, London (UK), 17^th-18^th September 2009.

The Money Macro and Finance Research Group 41^st Annual Conference, Bradford University School of Management, Bradford (UK), 7^th-9^th September 2009.

24^th Annual Congress of the European Economic Association (EEA) & 64^th European Meeting of the Econometric Society (ESEM), Barcelona Graduate School of Economics, Barcelona (Spain), 23^rd-27^th August 2009.

7^th INFINITI Conference on International Finance, Trinity College, The University of Dublin, Dublin (Ireland), 8^th-9^th June 2009.

13^th International Conference on Macroeconomic Analysis and International Finance, Rethymno (Greece), 28^th-30^th May 2009.

International Conference "10 Years of the Euro: Adjustment in Capital and Labour Markets", Economic Policies Research Unit (NIPE), University of Minho, Braga (Portugal), 7^th-8^th May 2009.

Royal Economic Society (RES) 2009 Annual Conference, Surrey (UK), 20^th-22^nd April 2009.

XVI International “Tor Vergata” Banking and Finance Conference, University of Rome “Tor Vergata”, Rome (Italy), 5^th-7^th December 2007. Young Economist – BEST PAPER award.

12^th International Conference in “Computing in Economics and Finance”, Society for Computational Economics, Limassol (Cyprus), 22^nd-24^th June 2006.

IV Meeting of Portuguese Language’ Economists, Évora (Portugal), 2^nd-4^th October 2001.

Seminars / Workshops:

Workshop "International Political Economy and Cross-Border Effects", Queen Mary University of London, London (UK), 28^th April 2011.

Fiscal Policies Division (FIP) Seminar Series, European Central Bank (ECB), Frankfurt (Germany), 18^th March 2011.

Workshop “Financial integration/Globalization and economic crisis: What are the links?”, Research Center in Economic Development and International Finance, University of Aix-Marseille, Aix-en-Provence (France), 11^thMarch 2011.

NIPE Seminar Series, University of Minho, Braga (Portugal), 25^th November 2009.

"Internal mini-workshop on fiscal and financial issues", Fiscal Policies Division (FIP), European Central Bank (ECB), Frankfurt (Germany), 11^th May 2009.

"Economic Meeting", International Policy Analysis and Emerging Markets Division (IPA), European Central Bank (ECB), Frankfurt (Germany), 21^st April 2009.

NIPE Seminar Series, University of Minho, Braga (Portugal), 9^th January 2009.

Euro Area Business Cycle Network (EABCN) Workshop “Business Cycle Developments, Financial Fragility, Housing and Commodity Prices”, Centre for Economic Policy Research (CEPR), 21^st-23^rd November 2008.

NCB Expert Meeting on “Money demand”, European Central Bank (ECB), Frankfurt (Germany), 14^th November 2008.

NCB Expert Meeting on “Cross-checking based on financial flows”, European Central Bank (ECB), Frankfurt (Germany), 20^th October 2008.

International Policy Analysis Division (IPA) Seminar Series, European Central Bank (ECB), Frankfurt (Germany), 14^th October 2008.

Monetary Policy Stance Division (MSN) Seminar Series, European Central Bank (ECB), Frankfurt (Germany), 13^th October 2008.

Fiscal Policies Division (FIP) Seminar Series, European Central Bank (ECB), Frankfurt (Germany), 8^th July 2008.

Department of Economics Seminar Series, University of Minho, Braga (Portugal), 27^th September 2007.

Money/Macro Work in Progress Seminar, London School of Economics and Political Science, London (UK), 23^rd April 2007.

Money/Macro Work in Progress Seminar, London School of Economics and Political Science, London (UK), 28^th November 2005.

Department of Economics Seminar Series, University of Minho, Braga (Portugal), 9^th April 2003.

Department of Economics Seminar Series, Faculty of Economics of the University of Coimbra, Coimbra (Portugal), 26^th March 2003.

Refereeing Activity:

African Finance Journal; Applied Economics; Bulletin of Economic Research; Contemporary Economic Policy; Economic Journal; Economic Modelling; Economica; International Review of Economics and Finance; International Symposia in Economic Theory and Econometrics; Journal of Banking and Finance; Journal of Empirical Finance; Journal of Financial Markets; Journal of Macroeconomics; Journal of Money, Credit and Banking; Manchester School; Macroeconomic Dynamics; Oxford Bulletin of Economics and Statistics; Portuguese Economic Journal; Public Choice; Review of Economic Studies; Review of Income and Wealth; Revista de Economia; Scottish Journal of Political Economy; The B. E. Journal of Macroeconomics.

Academic Affiliations:

University of Minho (UM); Economic Policies Research Unit (NIPE); Financial Markets Group (FMG), London School of Economics and Political Science (LSE).

Scientific Affiliations:

American Economic Association (AEA); American Finance Association (AFA); American Risk Insurance Association (ARIA); Econometric Society (ES); European Economic Association (EEA); Latin American and Caribbean Economic Association (LACEA); Royal Economic Society (RES); Society of Computational Economics (SCA); Society for the Study of Emerging Markets (SSEM); Western Economic Association (WEA).

Other Affiliations:

LSE Alumni, London School of Economics and Political Science.

Summer Schools:

"Quantitative Methods in Macroeconomics and Policy Analysis", taught by Prof. Ellen McGrattan (Federal Reserve Bank of Minneapolis and University of Minnesota) and organized by Economic Policies Research Unit (NIPE), University of Minho, Braga (Portugal), 2^nd-4^th July 2007.

"Globalization and Financial Markets”, Barcelona Macroeconomics Summer School – BMSS 2005 – taught by Prof. J. Ventura (University of Pompeu Fabra) and organized by Centre de Recerca en Economia Internacional (CREI), University of Pompeu Fabra, Barcelona (Spain) 4^th-8^th July 2005.

"Methods for Estimating Dynamic General Equilibrium Models”, Barcelona Macroeconomics Summer School – BMSS 2004 – taught by Prof. F. Canova (University of Pompeu Fabra) and organized by Centre de Recerca en Economia Internacional (CREI), University of Pompeu Fabra, Barcelona (Spain), 5^th-9^th July 2004.

"Quantitative Techniques", taught by Prof. Paul Schweinzer (Birkbeck College, University of London) and organized by Applied Micreconomics Research Unit (NIMA) and Economic Policies Research Unit (NIPE), University of Minho, Braga (Portugal), 8^th-12^th July 2002.

Other:

Participation on the presentation session of the Undergraduate course in Economics of the University of Minho to D. Maria II Secondary School, Braga, 13^th March 2003.

Participation on the presentation session of the School of Economics and Management of the University of Minho to Penafiel's Secundary School Nº. 1, 24^th February 2003.

Participation of the Fifth Anniversary of NAECUM - Association of Students of Economics of the University of Minho, 8^th May 2002, having presented several statistical and bibliographical databases and internet sites.

MANAGEMENT ACTIVITIES

2010-2011: Member of the Board, MSc in Economics, University of Minho.

2009-2011: Member of the Board, MSc in Monetary, Banking and Financial Economics, University of Minho.

2008-present: Member of the Board, Department of Economics, University of Minho.

2001-2002: Member of the group responsible for the publication of the Information Bulletin, Department of Economics, University of Minho.

2001-2002: Delegate of the Assistants and Teaching Assistants of Department of Economics, University of Minho.

AWARDS

Listed in the 2010 Edition of Marquis Who's Who in World.

XVI International “Tor Vergata” Conference on Banking and Finance - Young Economist – BEST PAPER award.

Tutorial Fellowship, London School of Economics and Political Science, 2006-2007.

PhD Scholarship, Portuguese Foundation for Science and Technology, Ministry of Science and Technology, 2003-2007.

“Fundação Engenheiro António de Almeida”, Foundation “Engenheiro António de Almeida”, best student of the BSc in Economics, University of Minho, 2000.

Merit Award, Portuguese Ministry of Education, best student of the BSc in Economics, University of Minho, 2000.

Merit Award, University of Minho, best student of the BSc in Economics, University of Minho, 1999.

Merit Award, University of Minho, best student of the BSc in Economics, University of Minho, 1998.

Merit Award, University of Minho, best student of the BSc in Economics, University of Minho, 1997.

KNOWLEDGE OF ECONOMETRIC/STATISTICAL SOFTWARE

R, Matlab, Stata, Gauss, E-Views, PcGive, Rats.

LANGUAGES

Portuguese (native), English (fluent), Spanish (fluent), Italian (fluent), French (good).

OTHER

Sports: surf, soccer, tennis.

Hobbies: karting, travelling, colection of stamps.

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