Francesco Franco


Recent Work                                                                                                                Blog: The Portuguese Economy

The number of bank relationships and borrowing costs: The role of information asymmetries, In Journal of Empirical Finance, 2017

The stabilization function of fiscal policy in Portugal (preliminary, chapter book) (may 2017)

Internal and External rebalancing for Euro area members (October 2016)

Early Warning System models and Exchange Market Pressure, the case of Angola, August 2015

Fiscal Devaluation in Portugal     Codes & Data (Stata)

(older paper 2010, 2 countries model-cross country empirical analysis)

Competitive Disinflation in Portugal.  In "A economia poruguesa na união europeia: 1986:2010" May  2014

Deleveraging through fiscal consolidation. In FERREIRA, Eduardo Paz (coord.). A Austeridade cura? A Austeridade mata?. Lisboa: AAFDL, November 2013. p461 to 488.

Recent Presentations


How to promote growth and employment in the European context (PCS April 2014)


Economic Consequences of  T-TIP a macroeconomic perspective  (EC March 2015)

Portugal and T-TIP a macroeconomic perspective  (IDN June 2014)


Une vision macroéconomique du Portugal (In French December 2015)


Courses Spring 2019                                                                                               

Macroeconomic Theory II (Phd)
Empirical Macroeconomics (Master)
Macroeconomic Theory  (Master)




Contact Info
Nova School of Business and Economics
Campus de Campolide 1099 - 032 Lisboa Portugal
Tel: (+351) 917069017

here is a sample of past blogs, check web for more recent or older

Mar 22, 2010
Once we were Europeans
May 19, 2010
The state of the Union
Jul 7, 2010
The euro crisis: necessary versus sufficient conditions
Mar 10, 2011
Portugal needs peace but no Carthaginian peace
June 10, 2011
July 29, 2011
You shall foster competitiveness
Nov 9, 2011
Fiscal devaluation and PR
Feb 26, 2012

A brief note on the Euro Symposium
June 28, 2012

The Eurozone + other CA = World
Jul 24, 2012
Three questions to European leaders
Nov 10, 2012
The War of the Multipliers
March 30, 2013
Cyprus, moral hazard and financial integration

April 26, 2013
External balance sheet interdependence

June 19, 2013
Consolidation tactics for the European integration strategy

August 29, 2013
A note on the corporate taxation reform

September 17, 2013
Fiscal multipliers and income share distribution

September 24, 2013
Banking Union: a powerful reform

November 12, 2013
The Review: a dialogue between Germany and Europe

May 25, 2014
A few thoughts on Portugal and the Euro

External Blogs(Journals)

Piece on the EURO for Publico (12-2017) in English here

Piece on the EURO for Publico (7-2017) in English  here                                                              Piece on the Portugal for Publico (31-1-2016) in English here

                                                                                                                                            Portugal must rebalance its economy and improve education (2015 LSE EUROPP)