The case for Economic and Monetary Union : Europe and Portugal [PDF]
, 1998 Apesar das diferenças nas estruturas produtivas dos vários participantes na moeda única, uma maior integração económica poderá reduzir a sua vulnerabilidade a choques assimétricos.
Torres, Francisco
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Costa Rica During the Global Recession: Fiscal Stimulus with Tight Monetary Policy [PDF]
This paper shows that, in spite of a reasonably sized fiscal stimulus package, Costa Rica’s economy continues on a downward path, partly because fiscal policy is being offset by a tightening of monetary policy.
Jose Antonio Cordero
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Not a single document is innocent. Material marks of the paper in Notarial Records of Santiago de Chile, ca. 1680-1720 [PDF]
, 2019 Este texto muestra, a partir de un caso particular, la pertinencia del estudio material de las marcas del papel para una historia social de la justicia en la Monarquía Hispánica.
Argouse, Aude, Soliva Sánchez, Marta
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On the Role of Relative Prices and Capital Flows in Balance-of-Payments Constrained Growth: the Experiences of Portugal and Spain in the Euro Area [PDF]
Broadly speaking, the balance-of-payments constraint hypothesis as developed by Thirlwall has been empirically supported. Yet, it shows some shortcomings highlighted in the literature. In our opinion, two of them must be analysed.
Carlos Garcimartín +2 more
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Macroeconomic Populism in Latin America [PDF]
Macroeconomic populism is an approach to economics that emphasizes growth and income distribution and deemphasizes the risks of inflation and deficit finance, external constraints and the reaction of economic agents to aggressive non-market policies. The
Rudiger Dornbusch, Sebastian Edwards
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Inflação e Défice Orçamental: Que Relação em Portugal? [PDF]
, 2005 Os principais determinantes da variação da inflação no período 1954-95 parecem ser a inflação externa (ou a sua variação) e a variação da taxa de câmbio efectiva do escudo.
Rosa, Agostinho S.
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How the Gold Standard Functioned in Portugal: An Analysis of Some Macroeconomic Aspects [PDF]
The purpose of this study is to improve understanding of the gold standard period in Portugal through comparison with other monetary systems that were operated afterwards.
António Portugal Duarte +1 more
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Exchange Rate and Interest Rate Volatility in a Target Zone: The Portuguese Case [PDF]
, 2008 This work examines the participation of the Portuguese economy in the ERM of the EMS based on some of the main predictions of the target zone literature.
Andrade, João Sousa +2 more
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Would Fast Sailing Towards the Euro Be Smooth?: What Fundamental Real Exchange Rates Tell Us About Acceding Economies [PDF]
Computed fundamental real exchange rates in four acceding countries point out to difficulties in entering the ERM II too soon after the EU entry. Computations suggest that it is unlikely for the Czech, Hungarian and Polish economies to maintain low ...
Ales Bulir, Katerina Smidkova
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Towards European monetary integration: the evolution of currency risk premium as a measure for monetary convergence prior to the implementation of currency unions [PDF]
We assess monetary convergence preceding the implementation of the European Monetary Union (EMU) through Kalman filtering estimates of the risk premium of eleven forward exchange rates of European and non-European currencies.
González, Fernando, Launonen, Simo
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