Conference Programme
Friday, 7 July
08:30 - 09:00 Registration
09:00 Welcome Session
09:30 - 11:30 Parallel Sessions I
11:00 - 11:30 Coffee Break
11:30 - 13:00 Parallel Sessions II
13:00 - 14:30 Lunch
14:30 - 16:00 Parallel Sessions III
16:00 - 16:30 Coffee Break
16:30 - 18:00 Parallel Sessions IV
18:10 - 19:10 Keynote Address
Fair cost sharing: big tech vs telcos
Bruno Jullien, Toulouse School of Economics
Chairman: Guilherme Carmona
19:40 Conference dinner
Saturday, 8 July
09:30 - 11:30 Parallel Sessions V
11:00 - 11:30 Coffee Break
11:30 - 13:00 Parallel Sessions VI
13:00 - 14:30 Lunch
14:30 - 16:30 Parallel Sessions VII
16:30 - 17:00 Coffee Break
17:00 - 17:10 Consultaccount Award
17:10 - 18:10 Plenary Session
The Recessions of the Republic of Portugal
Ricardo Reis, London School of Economics
Chairman: Luís Aguiar-Conraria
18:45 - 20:45 5th PEJ Football Cup
Friday, 7 July
08:30 - 09:00 Registration
Registration (Foyer, School of Economics and Management, Building 08)
09:00 Welcome Session
Welcome Session (Lecture Hall DST)
Cláudia Simões, Dean of the School of Economics and Management
Miguel Portela, Chair of the Local Organising Committee PEJ2023
Luís F. Costa, Editor-in-chief of the Portuguese Economic Journal
09:30 - 11:30 Parallel Sessions I
1A. Macro I: Monetary Policy 1 (Lecture Hall DST)
Equilibrium Under Inflation Targeting
Alexandre Cunha (Federal University of Rio de Janeiro)
Drivers of Sovereign Bond Bank Demand - The Case of Japan
Carlos Ferreira (ISEG - Lisbon School of Economics & Management)
Forward guidance puzzle: Do financial frictions matter?
Sandra Gomes (Bank of Portugal), André Santos de Oliveira (ISEG - University of Lisbon)
1B. Micro I: Games and Mechanisms 1 (Room 1.33)
Private Information Design
Guilherme Carmona (University of Surrey), Krittanai Laohakunakorn (University of Surrey)
Information Design in Repeated Interaction
João Correia-da-Silva (University of Porto), Takuro Yamashita (Osaka University)
Asymmetric Information and Market Power
Francisco Queirós (CSEF - Università degli Studi di Napoli Federico II), Alessandro Spiganti (Ca' Foscari University of Venice)
1C. Labour I: Wages and Employment (Room 1.26)
Retrieving the Returns to Experience, Tenure, and Job Mobility from Work Histories
John Addison (University of South Carolina), Pedro Portugal (Bank of Portugal), Pedro Raposo (FCEE-UCP)
Treasure islands, treasure jobs? Evidence from the labor market of Madeira’s Free Trade Zone
Sónia Cabral (Bank of Portugal), Joana Garcia (Bank of Portugal), Raquel Miranda (Nova School of Business and Economics), Susana Peralta (Nova School of Business and Economics), João Pereira dos Santos (ISEG - University of Lisbon, IZA Bonn)
Cousins from Overseas: The Labor Market Impact of a Major Forced Return Migration Shock
Susana Peralta(Nova School of Business and Economics), João Pereira dos Santos (ISEG - University of Lisbon, IZA Bonn)
1D. Political Economy I: Elections (Room 0.04)
Government popularity and the COVID-19 pandemic
Vítor Castro (Loughborough University), Rodrigo Martins (University of Coimbra)
US Presidential Approval Rating: Time-Frequency Approach
Bruno Fernandes (University of Minho), Luís Aguiar-Conraria (University of Minho), Pedro Magalhães (University of Lisbon)
Term limits and partisan alignment effects on the distribution of intergovernmental grants
Linda Veiga (University of Minho), Francisco Veiga (University of Minho)
11:00 - 11:30 Coffee Break
11:30 - 13:00 Parallel Sessions II
2A. Macro II: Monetary Policy 2 (Lecture Hall DST)
What people believe about monetary finance and what we can(’t) do about it: Evidence from a large-scale multi-country survey experiment
Julien Pinter (University of Minho)
Living under a pandemic threat
António Antunes (Bank of Portugal), Valerio Ercolani (Banca d'Italia)
Financial (des)integration and Monetary Policy
Mariana Pires (Nova School of Business and Economics)
2B. Micro II: Games and Mechanisms 2 (Room 1.33)
Stable Matching in Large Markets with Occupational Choice
Guilherme Carmona (University of Surrey), Krittanai Laohakunakorn (University of Surrey)
Contributing with private bundles to public goods
Marta Faias (Universidade Nova de Lisboa)
Economies with rights: efficiency and inequality
Carlos Hervés-Beloso (Universidad de Vigo), Francisco Martínez Concha (Universidad de Chile), Emma Moreno-García (Universidad de Salamanca)
2C. Labour II: Worker-Employer Relationship (Room 1.26)
Wage cyclicality and labour market institutions
João Pereira (University of Evora), Raul Ramos (University of Barcelona), Pedro Martins (Nova School of Business and Economics)
Competition between workers and capitalists in the globalized world: a directed technical change approach
Óscar Afonso (University of Porto), Pedro Gil (University of Porto)
The Division of Unexpected Export Shocks
Paulo Bastos (The World Bank), Natália Monteiro (University of Minho), Odd Rune Straume (University of Minho)
2D. Political Economy II: Voting (Room 0.04)
Ne me quitte pas! School closures and the rise of far-right in France
Marli Fernandes (Nova School of Business and Economics)
The electoral impact of a large return migration shock in a nascent democracy
Miguel Fonseca (Nova School of Business and Economics), Susana Peralta (Nova School of Business and Economics), João Pereira dos Santos (ISEG - University of Lisbon, IZA Bonn)
An empirical analysis of unconventional voting options
Vítor Castro (Loughborough University), Rodrigo Martins (University of Coimbra), Sérgio Sakurai (University of São Paulo)
13:00 - 14:30 Lunch
14:30 - 16:00 Parallel Sessions III
3A. Macro III: Business Cycles (Lecture Hall DST)
The distribution of firm growth and business cycles
Carlos Daniel Santos (ISEG - Lisbon School of Economics & Management)
Income taxation over the business cycle with wage rigidities
Daniel Belchior (University of Minnesota), Catarina Reis (Católica Lisbon)
The heterogeneous effects of supply shocks in necessity goods
Tiago Bernardino (Stockholm University), Pedro Brinca (Universidade Nova de Lisboa), Saman Darougheh (Danish Central Bank), Márcia Pereira (Nova School of Business and Economics)
3B. Micro III: Experimental (Room 1.33)
The Power of Dialogue: Forced displacement and social integration in Mozambique
Henrique Barros (Brown University)
An Experiment on Gender Representation in Majoritarian Bargaining
Diogo Geraldes (University College Dublin)
On The Heresthetics of Salience: Competing Over Voters’ Attention
Hélia Marreiros (University of Minho), Antonella Ianni (University of Southampton), Margarita Katsimi (Athens University)
3C. Labour III: Wage Policies (Room 1.26)
Heterogeneous Labour Market Concentration and Minimum Wage Policy
Tiago Paúl (London School of Economics)
Spill-over effects of Minimum Wages on the Informal Sector: Evidence from Vietnam
Trang Tran (CERGE EI)
Can wage transparency mandates reduce the gender gap? Evidence from a firm size discontinuity
Ana Melissa Ferreira (Nova School of Business and Economics)
3D. Financial Economics I: Macrofinance 1 (Room 0.04)
High Net Stocks of foreign liabilities and sluggish productivity growth - the key to the resurgence of the Feldstein-Horioka puzzle in Europe?
António Martins (ISEG - University of Lisbon)
Investor Sentiment and Global Economic Conditions
Miguel Herculano (University of Nottingham)
Financial, Institutional, and Macroeconomic Determinants of Cross-Country Portfolio Equity Flows
António Afonso (ISEG - University of Lisbon)
16:00 - 16:30 Coffee Break
16:30 - 18:00 Parallel Sessions IV
4A. Macro IV: Labour and Inequality (Lecture Hall DST)
Universal Basic Income: The Worst Bar All Others?
Luís Guimarães (Queen's University Belfast), Diogo Lourenço (CEF.UP)
From Rags to Riches? Using Survey Data to Estimate Intergenerational Mobility in Portugal
Luís Clemente-Casinhas (ISCTE-IUL, Instituto Universitário de Lisboa)
House prices and credit as transmission channels from monetary policy to inequality: evidence from OECD countries
Sofia Vale (ISCTE - Instituto Universitário de Lisboa)
4B. Firm Productivity (Room 1.33)
The elusive impact of R&D grants on firm productivity
Fernando Alexandre (University of Minho), Diogo Ferreira (University of Minho), Sandro Mendonça (ISCTE), Miguel Portela (University of Minho)
Firm growth, age and the intensity of international trade
Segundo Camino-Mogro (Universidad Complutense de Madrid), Alberto López (Universidad Complutense de Madrid)
Robots at Work: New Evidence with Recent Data
Derick Almeida (Centre for Business and Economics Research (CeBER), University of Coimbra)
4C. Health and Education (Room 1.26)
Suicide and Quality of Life: Evidence from the Municipalities of the Minas Gerais State, Brazil
Ilya Espino (Independent research)
Epidemiological-Based Real Option Model of Optimal Exit from Lockdown
Felipa de Mello-Sampayo (ISCTE-IUL)
Teacher mobility matters! On absenteeism and students’ learning in Angola
Frederica Mendonça (Nova School of Business and Economics and NOVAFRICA)
4D. Financial Economics II: Macrofinance 2 (Room 0.04)
Business as Usual?: Bank Lending under Credit Relief Programs
Gilberto Loureiro (University of Minho), Ana Isabel Sá (University of Porto, School of Economics and Management), Sujiao ZHAO (Bank of Portugal)
Herding states and stock market returns
Filipe Costa (University of Porto), Natércia Fortuna (University of Porto), Júlio Lobão (University of Porto)
The mortgage piggy bank, saving rates and the wealth distribution
Luís Teles Morais (Nova School of Business and Economics)
18:10 - 19:10 Keynote Address
Keynote Address (Lecture Hall DST)
Fair cost sharing: big tech vs telcos
Bruno Jullien, Toulouse School of Economics
Chairman: Guilherme Carmona
19:40 Conference dinner
Saturday, 8 July
09:30 - 11:30 Parallel Sessions V
5A. Macro V: Fiscal Policy (Lecture Hall DST)
The effects of government spending under trend inflation: theory and empirics
Ernil Sabaj (University of Warwick)
Hand-to-Mouth agents and Fiscal Multipliers
Tiago Bernardino (Stockholm University), Pedro Brinca (Universidade Nova de Lisboa), Stefano Grancini (Nova School of Business and Economics), Valter Nóbrega (Nova School of Business and Economics)
Frisch Elasticity and Fiscal Multipliers
Francisco França Rodrigues (Nova School of Business and Economics)
5B. Industrial Organisation I: Market Dynamics (Room 1.33)
The rise and decline of industrial dynamics in Portugal during 1986-2018
Ernesto Nieto-Carrillo (University of Coimbra), Carlos Carreira (University of Coimbra), Paulino Teixeira (University of Coimbra)
Short-Term rentals are in town: how does housing supply change
Bernardo Costa (Nova School of Business and Economics)
Ad-valorem Taxes, Prices and Content Diversification in the News Market
Armando J. Garcia Pires (NHH - Norwegian School of Economics)
5C. Macro VI: Monetary Policy 3 (Room 1.26)
A macroprudential look into the risk-return framework of banks’ profitability
Joana Passinhas (ISEG - University of Lisbon, Bank of Portugal), Ana Pereira (Bank of Portugal and ISEG)
Short and Variable Lags
Afonso Souto de Moura (Nova School of Business and Economics)
Monetary Policy and Welfare with Heterogeneous Firms and Endogenous Entry
Dudley Cooke (University of Exeter), Tatiana Damjanovic (Durham University)
5D. Financial Economics III: Microfinance (Room 0.04)
The Online Payday Loan Premium
Filipe Correia(University of Georgia), Peter Han (University of Illinois at Urbana-Champaign), Jialan Wang (University of Illinois)
Idiosyncratic risk in returns to housing
Francisco Amaral (University Bonn)
How Do Households React to Debt Forbearance? Evidence from Microdata
Manuel Adelino (Duke University), Miguel Ferreira (Nova School of Business and Economics), Miguel Oliveira (Nova School of Business and Economics)
11:00 - 11:30 Coffee Break
11:30 - 13:00 Parallel Sessions VI
6A. Macro VII: Policy Mix (Lecture Hall DST)
Reevaluating recent macroeconomic policy in the US
Tatiana Kirsanova (University of Glasgow), Campbell Leith (University of Glasgow), Celsa Machado (ISCAP), Ana Paula Ribeiro (CEF.UP, Faculdade de Economia do Porto)
Spillovers of Monetary and Fiscal Policy on Financial Markets in EMU Countries
Celsa Machado (ISCAP), Rute Pereira (ISCAP), Ana Paula Ribeiro (CEF.UP, Faculdade de Economia do Porto)
Doing without Price Stickiness: Steering Employment and Inflation in a Monetary World
João Ritto (University of Pennsylvania)
6B. Econometrics (Room 1.33)
Tests of No Cross-Sectional Error Dependence in Panel Quantile Regressions
Matei Demetrescu (TU Dortmund University), Paulo Rodrigues (Bank of Portugal)
Panel Data Minimum Distance Mode Regression
João Vieira (ISEG - University of Lisbon)
On Panel Thresholds Regressions: An Application to Emerging Market Exchange Rates
Robert Hill (Nova School of Business and Economics)
6C. Industrial Organisation II: Competition Policy and Auctions (Room 1.26)
Auctions with In-house Bids
Thomas Greve (ISCTE and MIT)
Unilateral Effects Screens for Mergers in Data Markets
Joana Pinho (Católica Porto Business School and CEGE), Ricardo Gonçalves (Universidade Católica Portuguesa), Ricardo Ribeiro (Universidade Católica Portuguesa)
Merger control in retail markets with national pricing
Tommy Staahl Gabrielsen (University of Bergen), Bjorn-Olav (Johansen University of Bergen), Odd Rune Straume (University of Minho)
6D. Political Economy III: Macroeconomic Outlook (Room 0.04)
The Political Costs of Austerity
Ricardo Duque Gabriel (University of Bonn)
Inequality of opportunity and poverty in Portugal: do circumstances matter?
Laman Orujova (Nova School of Business and Economics)
The economy in people’s minds: are EU countries connected?
Pedro Cerqueira (University of Coimbra), Rodrigo Martins (University of Coimbra)
13:00 - 14:30 Lunch
14:30 - 16:30 Parallel Sessions VII
7A. Macro VIII: Monetary Policy 4 (Lecture Hall DST)
The Market for Inflation risk
Ricardo Reis (London School of Economics)
The risk-taking channel of targeted monetary policy
Diana Bonfim (Bank of Portugal and Católica Lisbon), Joana Sousa-Leite (Bank of Portugal and ISEG, University of Lisbon)
Sorting between Real and Financial Constraints: Macroeconomic Implications
Miguel Ferreira (Queen Mary University of London), Timo Haber (University of Cambridge), Hanbaek Lee (University of Tokyo)
7B. Regional and Urban Economics (Room 1.33)
Innovation reactions as an engine for regional resilience: The case of a traditional industry cluster in Brazil
Luiz Fernando Viana (Federal Institute of Brasília), Valmir Emil Hoffmann (Federal University of Santa Catarina), Hugo Pinto (University of Algarve)
Governing the commons problem: empirical Evidence from managing houses in Ukraine
Oleksii Hamaniuk (University of Bonn)
On regional productivity asymmetries and agglomeration
Jorge Saraiva (CEFUP and Faculty of Economics of University of Porto), João Correia da Silva (University of Porto), Sofia Castro (University of Porto)
Socially optimal land use in a city with central amenities
Liliana da Silva (University of Porto), João Correia-da-Silva (University of Porto)
7C. Economic Growth and Human Capital (Room 1.26)
Cross-country income dispersion, human capital, and technology adoption
Pedro Amaral (California State University Fullerton), Alberto Rivera-Padilla (California State University Fullerton)
Financial Literacy, Human Capital and Long-Run Economic Growth
Alberto Bucci (University of Milan), Simone Marsiglio (University of Pisa), Tiago Sequeira (University of Coimbra)
The climate migration nexus revisited: New evidence from Senegal
Philippe Bocquier (UCLouvain, Belgium), Momath Cissé (ANSD, Senegal), Yannik Schenk (UCLouvain, Belgium, and Nova SBE)
How does inequality affect growth in the European Union? A structural panel autoregressive analysis
Pedro Lima (University of Porto), Sandra Silva (FEP - University of Porto)
16:30 - 17:00 Coffee Break
17:00 - 17:10 Consultaccount Award
17:10 - 18:10 Plenary Session
Plenary Session (Lecture Hall DST)
The Recessions of the Republic of Portugal
Ricardo Reis, London School of Economics
Chairman: Luís Aguiar-Conraria
18:45 - 20:45 5th PEJ Football Cup
5th PEJ Football Cup: Macro vs Micro [Braga]
If you are interested, please send an email to Pedro Brinca (pedro.brinca@novasbe.pt) or Ricardo Gonçalves (rgoncalves@porto.ucp.pt).
Note that this is not an official Portuguese Economic Journal conference event. Therefore, Universidade do Minho will not take any legal responsibility regarding this event. This is an informal just-for-fun seven-a-side football match, on an artificial-grass football pitch, organised by researchers participating in the 16th PEJ Annual Meeting. Players are responsible for their health conditions. Any health problem or injury should be covered by individual health insurance or national health services. If you do not feel comfortable taking this health and life risk, please do not join the match.