Miguel Faria-e-Castro

Federal Reserve Bank of St. Louis

Economist

411 Locust St

Saint Louis, MO 63011

United States

  • Federal Reserve Bank of St. Louis

SCHOLARLY PAPERS

21

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4,230

SSRN CITATIONS
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Top 5,166

in Total Papers Citations

263

CROSSREF CITATIONS

50

Scholarly Papers (21)

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1.

Measuring Labor Supply and Demand Shocks During Covid-19

FRB St. Louis Working Paper No. 2020-11
Number of pages: 36 Posted: 19 May 2020
Pedro Brinca, João B. Duarte and Miguel Faria-e-Castro
Nova School of Business and Economics, Nova School of Business and Economics and Federal Reserve Bank of St. Louis
Downloads 1,322 (25,608)
Citation 20

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Supply and Demand Shocks, COVID-19, Structural Vector Autoregressions, Sign Restrictions

2.

Fiscal Policy During a Pandemic

FRB St. Louis Working Paper No. 2020-006
Number of pages: 53 Posted: 29 Apr 2020
Miguel Faria-e-Castro
Federal Reserve Bank of St. Louis
Downloads 1,002 (38,158)
Citation 9

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3.

The (Unintended?) Consequences of the Largest Liquidity Injection Ever

Downloads 424 (115,447)
Citation 38

The (Unintended?) Consequences of the Largest Liquidity Injection Ever

Number of pages: 45 Posted: 21 Apr 2015 Last Revised: 21 Nov 2017
Matteo Crosignani, Miguel Faria-e-Castro and Luís Fonseca
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of St. Louis and London Business School - Department of Economics
Downloads 255 (198,549)
Citation 2

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Lender of Last Resort; Unconventional Monetary Policy; Sovereign Debt; Bank Portfolio Choice

The (Unintended?) Consequences of the Largest Liquidity Injection Ever

FEDS Working Paper No. 2017-11
Number of pages: 58 Posted: 09 Feb 2017 Last Revised: 02 Mar 2017
Matteo Crosignani, Miguel Faria-e-Castro and Luís Fonseca
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of St. Louis and London Business School - Department of Economics
Downloads 82 (498,519)
Citation 3

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Lender of Last Resort, Sovereign Debt, Unconventional Monetary Policy

The (Unintended?) Consequences of the Largest Liquidity Injection Ever

FRB St. Louis Working Paper No. 2017-39
Number of pages: 70 Posted: 28 Nov 2017 Last Revised: 21 Feb 2019
Matteo Crosignani, Miguel Faria-e-Castro and Luís Fonseca
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of St. Louis and London Business School - Department of Economics
Downloads 58 (604,330)
Citation 9

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Lender of Last Resort, Bank-Sovereign Nexus, Collateral, Sovereign Debt, Eurozone Crisis

The (Unintended?) Consequences of the Largest Liquidity Injection Ever

ESRB: Working Paper Series No. 2016/31
Number of pages: 58 Posted: 05 Nov 2020
Matteo Crosignani, Miguel Faria-e-Castro and Luís Fonseca
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of St. Louis and London Business School - Department of Economics
Downloads 29 (796,931)
Citation 27

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Lender of Last Resort, Unconventional Monetary Policy, Sovereign Debt

4.

Evergreening

FRB St. Louis Working Paper No. 2021-12
Number of pages: 68 Posted: 28 Oct 2021 Last Revised: 28 Jan 2023
Miguel Faria-e-Castro, Pascal Paul, Juan M. Sánchez and Juan M. Sánchez
Federal Reserve Bank of St. Louis, Federal Reserve Bank of San Francisco and Federal Reserve Banks - Federal Reserve Bank of St. LouisFederal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 302 (168,376)

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evergreening, zombie firms, bank lending, misallocation

5.

EBITDA Add-backs in Debt Contracting: A Step Too Far?

Number of pages: 58 Posted: 14 Nov 2021
Miguel Faria-e-Castro, Radhakrishnan Gopalan, Avantika Pal, Juan M. Sánchez, Juan M. Sánchez and Vijay Yerramilli
Federal Reserve Bank of St. Louis, Washington University in St. Louis - John M. Olin Business School, Washington University in St. Louis - John M. Olin Business School, Federal Reserve Banks - Federal Reserve Bank of St. LouisFederal Reserve Banks - Federal Reserve Bank of St. Louis and University of Houston, C. T. Bauer College of Business
Downloads 144 (334,579)

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Syndicated Loans, Credit Agreement, Financial Covenant, EBITDA, Add-backs, GAAP, Leveraged Lending Guidance, Borrower Performance, Loan Performance, Lead Arranger, Lender Monitoring, Loan Sales

6.

Fiscal Multipliers and Financial Crises

FRB St. Louis Working Paper No. 2018-23
Number of pages: 84 Posted: 02 Oct 2018 Last Revised: 06 Jun 2019
Miguel Faria-e-Castro
Federal Reserve Bank of St. Louis
Downloads 136 (348,039)

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fiscal multipliers, financial crises, bailouts, nonlinear methods

7.

The Portuguese Banking System During the Sovereign Debt Crisis

Banco de Portugal Economic Studies, 1(2), pp.43-80, July 2015
Number of pages: 38 Posted: 29 Jul 2015
Matteo Crosignani, Miguel Faria-e-Castro and Luís Fonseca
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of St. Louis and London Business School - Department of Economics
Downloads 122 (377,736)
Citation 2

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Eurozone Debt Crisis, ECB

8.

The Nonlinear Effects of Fiscal Policy

Downloads 120 (382,406)

The Nonlinear Effects of Fiscal Policy

FRB St. Louis Working Paper No. 2019-15
Number of pages: 54 Posted: 22 May 2019 Last Revised: 01 Jun 2019
Pedro Brinca, Miguel Faria-e-Castro, Miguel Homem Ferreira and Hans Holter
Nova School of Business and Economics, Federal Reserve Bank of St. Louis, Nova School of Business and Economics and University of Oslo
Downloads 107 (417,774)

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Fiscal Multipliers, Nonlinearity, Asymmetry, Heterogeneous Agents

The Nonlinear Effects of Fiscal Policy

FRB St. Louis Working Paper No. 2019-015
Number of pages: 65 Posted: 14 May 2021
Pedro Brinca, Miguel Faria-e-Castro, Miguel H. Ferreira and Hans Holter
Nova School of Business and Economics, Federal Reserve Bank of St. Louis, Queen Mary, University of London and University of Oslo
Downloads 13 (948,470)

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The Nonlinear Effects of Fiscal Policy

Posted: 16 Jun 2020 Last Revised: 18 Feb 2022
Pedro Brinca, Miguel Faria-e-Castro, Miguel Homem Ferreira and Hans Aasnes Holter
Nova School of Business and Economics, Federal Reserve Bank of St. Louis, Nova School of Business and Economics and University of Delaware - Economics
Downloads 0 (693,878)

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Fiscal Multipliers, Nonlinearity, Asymmetry, Heterogeneous Agents

9.

A Quantitative Analysis of the Countercyclical Capital Buffer

ESRB: Working Paper Series 2021/120
Number of pages: 52 Posted: 03 Jun 2021
Miguel Faria-e-Castro
Federal Reserve Bank of St. Louis
Downloads 119 (384,681)
Citation 2

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10.

The Covid Retirement Boom

Number of pages: 2 Posted: 21 Oct 2021
Miguel Faria-e-Castro
Federal Reserve Bank of St. Louis
Downloads 116 (391,805)

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COVID-19, labor force participation, retirement

11.

Is the Covid-19 Pandemic a Supply or a Demand Shock?

Number of pages: 3 Posted: 28 May 2020
Pedro Brinca, João B. Duarte and Miguel Faria-e-Castro
Nova School of Business and Economics, Nova School of Business and Economics and Federal Reserve Bank of St. Louis
Downloads 87 (476,117)

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COVID-19

12.

Credit and Liquidity Policies During Large Crises

FRB St. Louis Working Paper No. 2020-35
Number of pages: 54 Posted: 14 Oct 2020 Last Revised: 30 Sep 2022
Mahdi Ebsim, Miguel Faria-e-Castro and Julian Kozlowski
Federal Reserve Banks - Federal Reserve Bank of St. Louis, Federal Reserve Bank of St. Louis and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 78 (508,130)

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credit spreads, liquidity, Great Recession, COVID-19

13.

A Quantitative Analysis of Countercyclical Capital Buffers

FRB St. Louis Working Paper No. 2019-8
Number of pages: 51 Posted: 21 Mar 2019 Last Revised: 28 Jan 2020
Miguel Faria-e-Castro
Federal Reserve Bank of St. Louis
Downloads 78 (508,130)
Citation 4

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countercyclical capital buffers, financial crises, macroprudential policy

14.

A Quantitative Theory of Relationship Lending

FRB St. Louis Working Paper No. 2022-33
Number of pages: 41 Posted: 27 Sep 2022
Kyle Dempsey and Miguel Faria-e-Castro
Ohio State University and Federal Reserve Bank of St. Louis
Downloads 41 (688,823)

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banks, Customer Capital, relationship lending, interest rates, financial crises

15.

Fiscal Policy and Covid-19: Insights from a Quantitative Model

Posted: 03 Jun 2021
Miguel Faria-e-Castro
Federal Reserve Bank of St. Louis
Downloads 32 (750,925)

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COVID-19

16.

Runs Versus Lemons: Information Disclosure and Fiscal Capacity

Downloads 25 (805,897)
Citation 28

Runs Versus Lemons: Information Disclosure and Fiscal Capacity

NBER Working Paper No. w21201
Number of pages: 68 Posted: 26 May 2015 Last Revised: 07 Jun 2023
Miguel Faria-e-Castro, Joseba Martinez and Thomas Philippon
Federal Reserve Bank of St. Louis, London Business School - Department of Economics and New York University (NYU) - Department of Finance
Downloads 25 (831,084)

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Runs Versus Lemons: Information Disclosure and Fiscal Capacity

CEPR Discussion Paper No. DP10614
Number of pages: 62 Posted: 27 May 2015
Miguel Faria-e-Castro, Joseba Martinez and Thomas Philippon
Federal Reserve Bank of St. Louis, London Business School - Department of Economics and New York University (NYU) - Department of Finance
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bailouts, credit guarantees, deposit insurance, fiscal backstop, stress tests

Runs versus Lemons: Information Disclosure and Fiscal Capacity

CEPR Discussion Paper No. DP11408
Number of pages: 70 Posted: 25 Jul 2016
Miguel Faria-e-Castro, Joseba Martinez and Thomas Philippon
Federal Reserve Bank of St. Louis, London Business School - Department of Economics and New York University (NYU) - Department of Finance
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Citation 9
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17.

What are the Fiscal Costs of a (Great) Recession?

Economic Synopses, Issue 22, pp. 1-2, 2018
Number of pages: 2 Posted: 04 Feb 2019 Last Revised: 21 Feb 2019
Miguel Faria-e-Castro
Federal Reserve Bank of St. Louis
Downloads 19 (858,758)

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18.

Rising Interest Rates, the Deficit, and Public Debt

Economic Synopses, Issue 28, pp. 1-2, 2018
Number of pages: 2 Posted: 04 Feb 2019 Last Revised: 21 Feb 2019
Miguel Faria-e-Castro
Federal Reserve Bank of St. Louis
Downloads 17 (877,451)

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19.

Loan Evergreening: Recent Evidence from the U.S

Economic Synopses, No. 26, 2022
Number of pages: 2 Posted: 27 Sep 2022
Miguel Faria-e-Castro, Pascal Paul, Juan M. Sánchez and Juan M. Sánchez
Federal Reserve Bank of St. Louis, Federal Reserve Bank of San Francisco and Federal Reserve Banks - Federal Reserve Bank of St. LouisFederal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 16 (886,964)

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evergreening, bank lending

20.

Mortgage Forbearance and Economic Recovery from the Pandemic

Number of pages: 2 Posted: 04 Aug 2021
Miguel Faria-e-Castro and Olivia Wilkinson
Federal Reserve Bank of St. Louis and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 16 (886,964)

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COVID-19, mortgage, forbearance

21.

Asset Returns and Labor Force Participation During COVID-19

Economic Synopses, No. 1, 2022
Number of pages: 2 Posted: 19 Jan 2022
Miguel Faria-e-Castro
Federal Reserve Bank of St. Louis
Downloads 14 (906,286)

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COVID-19, labor force participation, retirement