Where did the money go? Why did Southern and peripheral European countries fair so poorly during a period of large capital inflows from the rest of Europe?

Weak or even negative productivity growth is a major reason for the poor economic performance of most Southern and peripheral European countries, including Portugal, in the 2000s.  This weak, or even negative, productivity growth happened at the same time that the Eurozone became more financially integrated, which is something that was expected to improve resource… Continue reading Where did the money go? Why did Southern and peripheral European countries fair so poorly during a period of large capital inflows from the rest of Europe?

The best masters theses on the Portuguese Economy in 2018

The Bank of Portugal in collaboration with the Fundação Manuel dos Santos organizes every two years a competition to select the best masters theses written on the Portuguese Economy from across all higher education institutions in Portugal. At the 9.ª Conferência Desenvolvimento económico português no espaço europeu 16 theses were presented. The thesis “Estimating Gender Differences… Continue reading The best masters theses on the Portuguese Economy in 2018

Labor market effects of the Portuguese unemployment insurance reform

The Portuguese labor reform of 1999 increased the maximum duration of unemployment benefits only for workers in specific age brackets. Workers with ages outside of the affected brackets had no change in the maximum benefit duration. Workers between 30 and 34 years old, for example, had the maximum benefit duration extended from 15 months to… Continue reading Labor market effects of the Portuguese unemployment insurance reform