Submitted papers

 

Public debt stabilization: redistributive delays versus preemptive anticipations?, October 2009

 

Abstract: This paper illustrates and formalizes the conditions under which majority voting can lead to either delays or anticipations in public debt stabilizations. more >>

 

Digging out the PPP puzzle: an integrated empirical coverage! (with Miguel de Carvalho), November 2009

 

Abstract: We undertake several of the most popular tests to assert the validity of the Purchasing Power Parity (PPP) hypothesis. In particular, we analyze four classes of tests – standard univariate unit root tests, co-integration, panel unit root tests and unit root tests for non-linear frameworks –, for a set consisting of 20 bilateral exchange rates. more >>

 

 

Working papers

 

The politics of growth: can lobbying raise growth and welfare? (Job Market Paper), December 2009

 

Abstract: This paper analyzes the link between lobbying, market structure, growth and welfare. We consider a setup where lobbyist firms undertake contributions to policy-makers in exchange for profit increasing regulations, in a general equilibrium model of R&D driven growth. We find that, despite increasing concentration, lobbying may stimulate growth and increase welfare by means of an expansion in aggregate demand. This conclusion is supported by a simple calibration exercise.

 

Endogenous spillovers in the trade-off between centralization and decentralization (with Susana Peralta), February 2009

 

Abstract: In this paper, we revisit the classical trade-off between centralized and decentralized provision of local public goods, in a setting where interregional spillovers depend on the level of a national public good. more >>

 

 

Work in progress

 

The good, the bad and the different: can gender quotas raise the quality of politicians? (with José Tavares)

 

Abstract: This paper models the relation between quotas and the quality of the selected candidates, be they elected politicians, candidates for admission to higher education or others. more >>

 

Why are some stabilizations anticipated? (with José Tavares)

 

 

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