2024 “A Century of Global Economic Crises: Monetary Policy in Search of An Anchor”, forthcoming, Palgrave Macmillan, Summer 2024.
2024 “Crescimento e Convergência em Portugal: Experiência Histórica e Políticas a Nível Nacional e Metropolitano”, Position Paper n. 5/24, SEDES, Lisbon, Portugal.
2024 “Ensaio: Crescimento e Convergência em Portugal: Experiência Histórica e Políticas a Nível Nacional e Metropolitano”, O Observador, Lisbon, Portugal.
2024 “Unhappy anniversary: Missed opportunities for growth and convergence in Portugal”, VoxEU, CEPR, London, 11 March 2024.
2024 “A Noite dos Mortos-Vivos: o retorno de políticas industriais”, in Conjuntura Econômica, 78(3):22-27, FGV/IBRE.
2023 “Unresolved Business: Enlarging the EU towards Moldova and Ukraine (and perhaps Georgia)”, VoxEU, CEPR, London, 5 Feb 2024.
2021 “O que pode a UE oferecer ao Brasil?”, CEBRI-Revista, Spring 2023.
2021 “ “Energy Transition, Resources and Climate Change Investment Policy”, in Handbook on the Sustainable Politics and Economics of Natural Resources, Tsani, S and Øverland, I. (eds.)”, Edward Elgar, UK.
2021 “ “Models of Banking Sectors Integration”, in Does EU membership facilitate convergence? The experience of the EU's eastern enlargement, Landesmann, M. and Székely, I., (eds.)”, Palgrave Macmillan.
2019 “EU Industrial Policy after Siemens-Alstom: Finding a New Balance between Openness and Protection”, European Commission.
2018 “The State of Investment in Europe and the World”, European Commission.
2018 “Where EU Governments Spend: A Comparative Overview of Public Expenditure in EU Member States”, European Commission.
2018 ““Reviving convergence: making EU member states fit for joining the euro area”, in Structural Reforms for Growth and Cohesion: Lessons and Challenges for CESEE Countries and a Modern Europe, Nowotny, E., Ritzberger-Grünwald, D. and Schuberth, H. (eds.), pp. 214–224”, Edward Elgar, UK.
2018 “Spending where it matters: A multiannual financial framework that matches the EU’s ambitions and priorities”, European Commission.
2017 “A pan-European pension product: Filling the pensions gap and refinancing the economy”, European Commission.
2017 “Greenfield Investment Monitor #2: The EU and the US, Stable Partners for Greenfield FDI Growth”, European Commission.
2017 “EU-Japan: Advanced Economies Shaping the Next Stage of Inclusive Globalization”, European Commission.
2017 “Greenfield Investment Monitor #1. In Focus: China’s Expansion in the EU”, European Commission.
2016 “The European Fund for Strategic Investments (EFSI): Maximizing its Potential”, European Commission.
2016 “Towards a Positive Euro Area Fiscal Stance”, European Commission.
2016 “Engaging China at a Time of Transition: Capitalizing on a New Era of Chinese Global Investment and Foreign Policy Initiatives”, European Commission.
2015 “Regaining Citizens’ Trust, Safeguarding Banks’ Stability: Towards a European Deposit Insurance Scheme”, European Commission.
2015 “Strengthening the EU’s Financial System: Bridge Financing Options for the Single Resolution Fund”, European Commission.
2015 “Severing the ‘Doom Loop’: Further Risk Reduction in the Banking Union”, European Commission.
2015 “The Asian Infrastructure Investment Bank: A New Multilateral Financial Institution or a Vehicle for China’s Geostrategic Goals?”, European Commission.
2014 “Global
Oil Price Volatility: Oil-Exporting Sovereigns with Limited Policy
Tools Are Most Exposed”, Moody’s.
2014 “2015
Outlook: Global Sovereigns”, Moody’s.
2014 “Monetary
Policy Tightening in the US and its Consequences”, Moody’s.
2014 “Population
Aging Will Dampen Economic Growth over the Next Two Decades”,
Moody’s.
2014
“Financial
Markets (Re) Segmentation in the Euro Area”, author and guest
editor, Comparative Economic Studies, Volume 56, Issue 3, September
2014, Palgrave.
2014 “Brazil
& Mexico: Gaps in Infrastructure Investment Uneven across
Sectors”,
Moody’s.
2014 “Commodity-Exporting
Sovereigns: Fiscal Practices and Exchange-Rate Regime Determine
Resilience to Price Shocks”,
Moody’s.
2014 “Japan’s
Abenomics: Answers to Frequently Asked Questions about Progress 1.5
Years On”,
Moody’s.
2014 “CIS
Economies: Growth Slowdown Driven by Structural rather Than Cyclical
Factors”,
Moody’s.
2014 “Moody’s
Sovereign Monitor - Focus on Central and Eastern Europe”,
Moody’s.
2014 “Expectation
that China Will Be Largest Economy by Year-End Highlights EM’s
Rising Economic Importance”,
Moody’s.
2014 “Sovereign
Outlook 2014: Commonwealth of Independent States”,
Moody’s.
2014 “Russia
& the EU: EU Economies Would Be Resilient to a Russian
Recession”,
Moody’s.
2014 “Structural
and Cyclical Components in Emerging Markets’ Growth Slowdown”,
Moody’s.
2014 “The
GCC in 2020: Oil price scenario of $90pb would be negative for some
GCC economies, neutral for others”,
Moody’s.
2014 “QE
Tapering: Impact Differs Amongst Emerging Markets”, Moody’s.
2013 “US
Monetary Policy and the Road to Normalization”,
Moody’s.
2013 “Frequently
asked questions about US Fed Tapering”, Moody’s.
2013 “Sub-Saharan
Africa: Steeply Rising House Prices Have Limited Sovereign Credit
Impact”,
Moody’s.
2013 “2014
Outlook - Global Sovereigns”,
Moody’s.
2013 “Impact
of QE Tapering and Update on Ongoing Euro Area Stabilization - a
Recap”,
Moody’s.
issue.
2013 “US
Fed Tapering: Effects Likely to be Relatively Limited and
Temporary”,
Moody’s, New York, USA.
2013 “Limited
GDP benefits of Basel III expected for developing economies”,
Moody’s, New York, USA.
2013 “Private
leverage trends in developed and developing economies”,
Moody’s, New York, USA.
2013 “Update
on Structural Reforms in the Euro Area Periphery”,
Moody’s, New York, USA.
2013 “China: a BRICS Apart”, International
Affairs, May 2013, pp. 77-86.
2013 “Sub-Saharan
Africa: Commodity Price Vulnerability Balanced by Favorable Economic
Outlook and Gradual Structural Transformation”,
Moody’s, New York, USA.
2013 “Back
into the fold? Renewed Baltic-Russian Economic Relations”,
in 2013 Baltic Development Fund “State of the Region Report”, pp
16-17, Riga, Latvia.
2013 “Euro
Area Is Russia’s Best Strategic Partner”, Moscow Times, Moscow, Russia.
2013 “Commodity
Prices and Growth: A Changing Relationship?”, VoxEU,
CEPR, London, UK.
2013 “The
Flight of the European Bumblebee”,
Project Syndicate, New York, USA.
2012 “CEE
and CIS Countries Could be affected by Possible Euro Area Economic
Shocks, Albeit to Varying Degrees”,
Moody’s, New York, USA.
2012 “Euro
Area Periphery: Structural Reforms Have Significantly Improved
External Imbalances, But Full Resolution May Still Take Years”,
Moody’s, New York, USA.
2012 “Counter-cyclical
Central Banking Policies and their Longer-Term Implications”,
Moody’s, New York, USA.
2012 “Sub-Saharan
Africa: Despite Risks, Banking Sector Exposures to Euro Area are
Mitigated by Structural Factors”,
Moody’s, New York, USA.
2012 “China
2030: Building a Modern, Harmonious, and Creative High-Income
Society”,
World Bank, Washington, D.C., and Development Research Center of the
State Council, People’s Republic of China, Beijing.
2011 “Optimum Currency Area Criteria”,
in “The
Regional Integration Handbook”,
de Lombaerde, P., Flores, R., Iapadre, L. and Shulz, M. (eds),
Routledge, pp.179-197, United Kingdom.
2011
“Global
Economic Prospects Summer 2011 Issue”, World Bank, Washington, D.C.
2011 “An
Initial Estimation of the Economic Effects of the Creation of the
EurAsEC Customs Union on Its Members”,
Economic Premise n° 47, January 2010, World Bank, Washington, D.C.
2011
“Global
Economic Prospects 2011”,
World Bank, Washington, D.C.
2010
“Spring
Economic Forecast 2010-2012”,
in European Economy, n° 2 2010, European Commission, Brussels,
Belgium.
2010
“Russia and
the “Great Recession”,
in “Международная
Жизнь“ (“International
Affairs”),
2010(2), Moscow, Russia, pp 112-127.
2009 “The
EU’s Eastern Neighbours and the Crisis”, in European Economy Research Letter, 3(2), European Commission,
Brussels.
2009 “The
Impact of the Global Crisis on Neighbouring Countries of the EU”,
in ECFIN Occasional Papers n° 40, European Commission,
Brussels.
2009
“Russian
Economic Development and the Remaining Reform Priorities”,
in New Economic Association Journal n° 1, Moscow, Russia, pp.
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2009
“Trade
Relations between an Enlarged EU and the Russian Federation, and its
Effects in Belarus”,
in Economic Change and Restructuring, 42(1), pp. 1-24.
2008 “Economic
Review of EU Neighbour Countries”,
ECFIN Occasional Papers n° 40, European Commission,
Brussels.
2008 “Economic
Aspects of the Energy Sector in CIS Countries” (editor),
ECFIN Economic Papers n° 327,
European Commission, Brussels.
2008 “Russia: A Different Country”,
CEPS Paperback Books Series, CEPS, Brussels, May 2008.
2008
“EMU@10:
Successes and Challenges after Ten Years of Economic and Monetary
Union”, European Commission, Brussels, Belgium.
2008 “Spring
Economic Forecasts 2008–2009”, in European Economy, n°
3 2008, European Commission, Brussels, Belgium.
2008 “Foreign Investment in Russia”, in Country Focus, Volume V,
Issue 1.
2007 “The Effect of Capital Requirement Regulation on the
Transmission of Monetary Policy: evidence from Austria”,in
Empirica, 34(5), pp. 411-425.
2007 “The Effects of Energy Price Shocks on Growth and
Macroeconomic Stability in Selected Energy-Importing CIS Countries”,in
Economic Review of EU Neighbour Countries, Occasional Paper n° 30,
June 2007, European Commission, Brussels, pp 2-22.
2007 “European
Economy: Annual report on the euro area”,
European Economy, n° 4, April 2007, DG ECFIN, European
Commission, Brussels.
2006 “Estimating
the Existence of the Bank Lending Channel in the Russian
Federation”, in Bank
and Credit, 9(2006), pp 3-13.
2006 “From Transition Crises to Macroeconomic Stability?
Lessons from a Crises Early Warning System for Eastern European and
CIS Countries”,
in
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2006 “A
Wider Europe: Trade Relations between an Enlarged EU and the
Russian Federation”, in
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2006 Return
to Growth in CIS Countries, Vinhas
de Souza, L. and Havrylyshy, O. (eds.), Springer, Germany.
2006 “Financial Liberalization and Business Cycles: The Experience of the
New EU Member States in The Baltics and Central Eastern Europe”, in
Batten, J. and Kearney, C. (eds.) Emerging
European Financial Markets, International Finance
Review 2006(6), pp. 235-259, Elsevier, Netherlands.
2006 “European Neighbourhood Policy: Economic Review of ENP
Countries”, Occasional
Papers n° 25, DG-ECFIN, European Commission, Brussels, Belgium,
June 2006.
2006 “Beyond the euro area: An introduction”,
in Research
in International Business and Finance, 20(2), pp. 127-130 (also
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2006 “The
Periphery of the Euro: Monetary and Exchange Rate Policy in CIS
Countries”,
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Kingdom.
2006 “From Transition Crises to Macroeconomic Stability?
Lessons from a Crises Early Warning System for Eastern European and
CIS Countries”,
Kiel Working Paper n° 1269, Kiel Institute for World Economics,
Germany.
2005 “Monetary Policy Rules for Russia”, Journal of Comparative Economics, 33 (2005), pp. 484-499 (also guest editor
of this JCE issue).
2005 “Macro
and Monetary Policies in Latin America”,
co-editor,
Springer Verlag, Germany.
2005 “The
Effect of Capital Requirement Regulations on the Transmission of
Monetary Policy: Evidence from Austria”,
Working Paper Series n° 99, Austrian Central Bank.
2005 “Now
So Near, and Yet Still So Far: Relations between Ukraine and the
European Union”,
Kiel Institute for World Economics Discussion Papers Series n° 419,
Germany.
2004 “European Monetary Integration after the 2004 EU Enlargement”,
Kiel Institute for World Economics Discussion Papers Series n°
413, Germany.
2004 “Financial
Liberalization and Business Cycles: The Experience of the New EU
Member States in The Baltics and Central Eastern Europe”,
Deutsche Bundesbank, Discussion Papers Series n° 23/04, Frankfurt
a.M., Germany.
2003 The
Euroarea and the New EU Member States
(editor,
with van Aarle, B.), Palgrave-Macmillan Press, United Kingdom.
2002
“The Political Business Cycles of EU Accession Countries”,
in European Union Politics,
3(2), 2002, pp. 231-250.
2002
“Monetary Institutions and the Politics
of the Macro-economy in EU Accession Countries”,
in Linden, R. (ed.), Norms
and Nannies: The Impact of International Organisations on Central
and East European States,
Rowman and Littlefield, pp. 341-368, USA.
2002
“Integrated
Monetary and Exchange Rate Frameworks: Are There Empirical
Differences?”, Working Paper Series, n° 2/2002, Bank of
Estonia, Tallinn, Estonia.
2001
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in Pentecost, E. and Poeck, A.
(eds.), European Monetary Integration: Past, Present and
Future, Edward Elgar, UK, pp 185-203.
2001 “Exchange
Rates Links and Strategies of New EU Entrants”,
in The Journal of European Integration, 23(1), 2001, pp. 1-28.
1999 “EMU
and Enlargement: A Review of Policy Issues”,
Economic Affairs Series, Working Paper ECON 117 EN, Directorate
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1999 “Exchange Rates
Links and Strategies of New EU Entrants”, in Bohata, M., &
Turnovec, F. (eds.), Transition, European Integration and
Institutional Change, CERGE-EI, Prague, Czech Republic.
1997 “An Integrated Macromodel
for the Caribbean”, in Cepal Review, n° 63, UN's ECLAC, pp. 77-84.
1997 “FDI by Third World
Firms: Brazilian Firms, and an Application to Portugal”, in Fatemi, K (ed.),
International Business in the New Millennium, v. I, Texas A & M
University, USA, pp. 201-218.
1996 “Smaller Economies
and the FTAA”, in Cepal Review, n° 59, UN's ECLAC, pp. 97-110.
1996 “The Portuguese Legal
Framework for Foreign Direct Investment (FDI), 1943-1994:
Econometric Analysis and Causality Tests”, in Dimon, D., Tomlinson, I. & Nichols, S., (eds.) Competitiveness in
International Business, v. III, Texas A & M University, USA, pp.
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1996 “Strengthening
Development: Interactions Between Macro and Microeconomics”,
LC/CAR/G.477, UN’s ECLAC.
1996 “The Contractual Regime
for Foreign Direct Investment in Portugal: A Brief Analysis”,
in Revista Nova Economia, nº 11, Lisbon, Portugal.
1995 “The Macro-Economic
Effects And Reconstruction Requirements Following Hurricane Luis and
Marilyn in Sint Maarten, Netherlands Antilles”, LC/MEX/L.290,
LC/CAR/L.463, UN’s ECLAC.
1995 “The Macro-Economic
Effects And Reconstruction Requirements Following Hurricane Luis In
The Island Of Anguilla”,
LC/MEX/L.289, LC/CAR/L.462, UN’s ECLAC.
1995 “Factors Affecting
the Participation of Smaller Economies in the Free Trade Area of the
Americas”, LC/CAR/G.459, UN’s ECLAC.
1995 “Portugal's Legal
Framework for Foreign Direct Investment (FDI), 1943-1994:
Econometric Analysis and Causality Tests” and “Intra-Industry and
Inter-Industry Trade and Specialization in Portugal: 1989-1992”,
in Proceedings of the Technical Workshop “Foreign Direct
Investment (FDI) - East and West: The Experiences of the Czech
Republic, Hungary, Poland, Portugal and Spain”, CERGE-EI, Charles
University, Prague, Czech Republic.