Research

Working Papers

  1. Fiscal Multipliers and Financial Crises
           Press: Marginal Revolution

  2. The (Unintended?) Consequences of the Largest Liquidity Injection Ever (updated November 2017)
           with Matteo Crosignani and Luis Fonseca
           Online Appendix
           Press: Wall Street Journal, Frankfurter Allgemeine

  3. A Note on Information Disclosure and Adverse Selection
           with Joseba Martinez and Thomas Philippon

  4. Risk Incentives in an Interbank Network

Publications

  1. Runs versus Lemons: Information Disclosure and Fiscal Capacity
           Review of Economic Studies, 2017
           with Joseba Martinez and Thomas Philippon

  2. The Portuguese banking system during the sovereign debt crisis
           Banco de Portugal Economic Studies, 2015
           with Matteo Crosignani and Luis Fonseca
           Mentioned in a speech by the President of the Deutsche Bundesbank

  3. Mapping a country’s competitive position: a real exchange rate approach
           Studies in Economics and Finance, 2011
           with Joao Zambujal-Oliveira

Work in Progress

  1. The Fiscal Multiplier of Financial Sector Interventions: Evidence from U.S. states

  2. The Nonlinear Effects of Fiscal Policy
           with Pedro Brinca, Miguel Ferreira and Hans Holter