By Banco de Portugal
ISBN-10: 9898061995
ISBN-13: 9789898061997
Monetary study has for lengthy been looked through Banco de Portugal as a basic task to aid the fulfilment of its major projects: to keep up expense balance and financial balance. the significance of monetary study, either primary and utilized, is reflected within the technical caliber and rigour of Banco de Portugal’s fiscal research and therefore within the caliber of the coverage suggestion at the Portuguese economic system and at the euro sector, in addition to in an efficient participation in the Eurosystem. The learn caliber of the Economics and learn division used to be additionally famous - in self sustaining reviews - with best rankings in the nationwide valuable banks of the Eurosystem, contributing to maintain the celebrated place of this Department.
The dissemination of research and learn is a major car of data for financial brokers, that is really correct within the means of expectancies formation. during this standpoint, Banco de Portugal matters a complete variety of financial guides, that are geared toward achieving a large set of audiences.
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Additional resources for The Portuguese Economy in the Context of Economic, Financial and Monetary Integration
Example text
The second chapter, written by Vanda Almeida, Gabriela Castro and Ricardo Félix, discusses the key developments in the Portuguese economy in the last two decades from a macroeconomic perspective. Without intending to be exhaustive in terms of the recent history of the Portuguese economy, the chapter describes some of the key dynamics that marked the evolution of the Portuguese economy during this period and interprets these developments in the light of a stochastic general equilibrium model calibrated for the Portuguese economy named PESSOA.
The fourth chapter focuses on the evolution of structural unemployment in Portugal, certainly one of the variables with greater impact on social welfare. Mário Centeno, José R. Maria and Álvaro A. Novo present novel evidence on recent developments in the natural rate of unemployment, as well as on the underlying causes of these developments. The authors first investigate the main trends of the natural rate of unemployment in the context of an econometric system in which the rate of structural unemployment and the rate of growth of potential output are jointly estimated.
Despite the uncertainty and complexity of this evaluation, the authors conclude for the existence of potential gains in the use of these public resources in Portugal. Finally, the last chapter of this volume assesses the process of financial integration of the Portuguese economy and its impact on financial structures and on the decisions of households and firms. The authors, Paula Antão, Miguel Boucinha, Luísa Farinha, Ana Lacerda, Ana Cristina Leal and Nuno Ribeiro, consistently collect a wide range of empirical evidence, which allows developing a thorough analysis of the Portuguese economy in those areas.
The Portuguese Economy in the Context of Economic, Financial and Monetary Integration by Banco de Portugal
by Ronald
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