Research

Publications

  1. The (Unintended?) Consequences of the Largest Liquidity Injection Ever
           Journal of Monetary Economics, forthcoming
           with Matteo Crosignani and Luis Fonseca
             Press: Wall Street Journal, Frankfurter Allgemeine

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

  3. 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

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

Working Papers

  1. A Quantitative Analysis of Countercyclical Capital Buffers, April 2019

  2. The Nonlinear Effects of Fiscal Policy, March 2019
           with Pedro Brinca, Miguel H. Ferreira and Hans Holter

  3. Fiscal Multipliers and Financial Crises, October 2018
             Press: Marginal Revolution

  4. A Note on Information Disclosure and Adverse Selection, May 2015
           with Joseba Martinez and Thomas Philippon

  5. Risk Incentives in an Interbank Network, July 2015

Work in Progress

  1. Quantitative Tightening
           with Vadim Elenev and Dan Greenwald

  2. A Macroeconomic Model of Zombies
           with Juan Sanchez