Showing 1 - 10 of 10
discusses four of Braga de Macedo’s pioneering articles and shows how these contributed to our current knowledge of three …
Persistent link: https://www.econbiz.de/10012310760
paper considers the employment of the LLR function in Portugal during the early post World War I years. It is based on … primary material in the Bank of Portugal's archive. Using a detailed account of the first banking crisis of the early 1920s …, this study shows that the Bank of Portugal did not conform to Bagehot’s archetype and explains why the departure from this …
Persistent link: https://www.econbiz.de/10012310766
political meditation on a bond between Portugal and Rothschild that was not tied. By discussing what was not and what might have … been, the story offers ways to reflect on what Portugal came to be. On September 27, 1823, the Portuguese Minister of … Portugal did not sign) from the date of issue through Goldschmidt's failure (1826) until Portugal's default and the eruption of …
Persistent link: https://www.econbiz.de/10012310769
history, fiscal constitutions, i.e., limits on the fiscal prerogatives of the state, emerged. In Portugal, this manifested …
Persistent link: https://www.econbiz.de/10012310772
This chapter focuses on how the problems of economic development were addressed by the Portuguese historiography of the late nineteenth and twentieth centuries. The ensuing discussion benefits from the simultaneous consideration of two historiographical domains that complement each other:...
Persistent link: https://www.econbiz.de/10012310778
This chapter explores an institutional challenge still facing the European Monetary Union (EMU) after the Eurozone sovereign debt crisis. One of these is the absence of a centralized macroeconomic stabilization function to deal with possible asymmetrical shocks, in addition to the common...
Persistent link: https://www.econbiz.de/10012310788
In 2011, Portugal was subjected to one of the most stringent austerity packages implemented during the Eurozone crisis …
Persistent link: https://www.econbiz.de/10012310813
We revisit the diagram developed by Krugman and Macedo (The economic consequences of the April 25th revolution, Krugman and Braga de Macedo, Economia III:435-483, 1979) to study the adjustment path of output and real wage gaps in a small open economy. Using time series data, we estimate...
Persistent link: https://www.econbiz.de/10012310823
This chapter provides some brief, informal notes about Portugal’s modern economic history since the 1974 Revolution, as … it looks to an outsider observer. Not to be too coy about it, Portugal has done better than many feared but not quite as … well as many hoped. There is, however, an asymmetry between the good news and the bad news. Portugal can claim much of the …
Persistent link: https://www.econbiz.de/10012310835
This chapter examines the economic and environmental effects of the interaction between regulated early closure of coal-fired power plants and new energy taxation rules on such plants using a dynamic general equilibrium model of the Portuguese economy. Simulation results show that regulated...
Persistent link: https://www.econbiz.de/10012310844