Firstly, the group does research in endogenous fluctuations. Recent work has been on the effects of different market distortions on determinacy and cycles driven by self-fulling volatile expectations, with the introduction of labor market distortions, for example. The destabilizing effects of social norms and fiscal policy rules are also a topic of study for these researchers.
For over three decades, researchers at CATÓLICA-LISBON have been writing groundbreaking research on the themes of Macroeconomics and Economic Policy. This research group, several of whose members have been recognized internationally as leaders in their fields, explores several topics which are central to policy making and life as a citizen in the modern world.
Macroeconomics and policy research allows decision makers to base their policies on what science has demonstrated works best - and it is to that ever growing field that our team of economists contributes with their work.
What kind of decisions can be mediated through research in Macroeconomics and Economic Policy? All sorts of high-level economy-influencing concepts are explored by this field of research, including taxes - how they can be best distributed among tax-payers with the best possible results -, sovereign debt - and how debt crises are managed -, or monetary policy.
The members of the Macroeconomics & Economic Policy group, who work in close connection with researchers in other disciplines at CATÓLICA-LISBON to create research that speaks across fields, not only produce high-quality research results, but they are also active in the community, participating in editorial boards for excellent journals, and as members of international funding bodies’ councils.
The group’s scientific research has been presented in over two hundred conferences in the past seven years, from ASSET to the European Economic Association and the Econometric Society. At CATÓLICA-LISBON, the Macroeconomics group researchers have been in charge of hosting important economic conferences as well, namely Theories and Methods in Macroeconomics - T2M, in 2017, the ADEMU Workshop - Rethinking Fiscal Policy, also in 2017, Financial and Real Interdependencies: volatility and inequalities and economic policies, in 2015, and the 14th Conference of the Association for Public Economic Theory, in 2013.
Group members are also active in the research community through reviews and editorial work for such publications as Cahiers d’Économie Politique, the Economic Bulletin, Cuadernos de Economía - Spanish Journal of Economics and Finance, and the Portuguese Economic Journal.
Researchers in Macroeconomics and Economic Policy at CUBE are closely connected to Portuguese society. They participate and advise in studies for the NECEP center for macroeconomic studies, whose economic analyses and forecasts are followed internationally, and for the Observatory on Public Private Partnerships, also at CATÓLICA-LISBON. They are also consulted as experts by senior officials in the IMF or other international institutions, and by the media.
Members of the group are part of international funding bodies at the highest level of decision-making. Isabel Horta Correia is a member of the European Economic Association and belongs to its Council, aside from being, with Pedro Teles, a Center for Economic and Policy Research fellow. Leonor Modesto is a research fellow of the Institute of Labour Economics (IZA).