Ricardo M. Sousa

University of Minho

Assistant

Campus Gualtar

Braga, 4710-057

Portugal

http://www.eeg.uminho.pt/economia/rjsousa

Economic Policies Research Unit (NIPE)

Assistant Professor

Campus de Gualtar

Braga, 4710-057

Portugal

http://www.eeg.uminho.pt/economia/rjsousa

London School of Economics & Political Science (LSE) - Financial Markets Group

Houghton Street

London WC2A 2AE

United Kingdom

London School of Economics

Houghton Street

London, WC2A 2AE

United Kingdom

http://econ.lse.ac.uk

SCHOLARLY PAPERS

32

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CITATIONS
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69

Scholarly Papers (32)

How Does Fiscal Consolidation Impact on Income Inequality?

Banque de France Working Paper No. 382
Number of pages: 32 Posted: 15 May 2012
Luca Agnello and Ricardo M. Sousa
Banque de France and University of Minho
Downloads 297 (85,015)
Citation 1

Abstract:

Fiscal consolidation, income inequality, Kuznets curve

How Does Fiscal Consolidation Impact on Income Inequality?

Review of Income and Wealth, Vol. 60, Issue 4, pp. 702-726, 2014
Number of pages: 25 Posted: 11 Nov 2014
Luca Agnello and Ricardo M. Sousa
Banque de France and University of Minho
Downloads 0
Citation 1
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Abstract:

fiscal consolidation, income inequality, Kuznets curve

2.

The Macroeconomic Effects of Fiscal Policy

ECB Working Paper No. 991
Number of pages: 55 Posted: 25 Jan 2009
Antonio Afonso and Ricardo M. Sousa
University of Lisbon - ISEG (School of Economics and Management) and University of Minho
Downloads 250 (97,992)
Citation 24

Abstract:

fiscal policy, Bayesian Structural VAR, debt dynamics

3.

The Impact of Government Spending on the Private Sector: Crowding-Out versus Crowding-In Effects

University of Minho, NIPE Working Paper No. 6/2009
Number of pages: 38 Posted: 19 Feb 2009
Davide Furceri and Ricardo M. Sousa
University of Palermo and University of Minho
Downloads 206 (102,212)
Citation 1

Abstract:

Fiscal Policy, Government Spending, Crowding-out, Crowding-in

The Macroeconomic Effects of Fiscal Policy in Portugal: A Bayesian SVAR Analysis

ISEG-UTL Department of Economics Working Paper No. 09/2009/DE/UECE, University of Minho, NIPE Working Paper No. 3/2009
Number of pages: 31 Posted: 05 Feb 2009 Last Revised: 11 Feb 2009
Antonio Afonso and Ricardo M. Sousa
University of Lisbon - ISEG (School of Economics and Management) and University of Minho
Downloads 171 (148,408)
Citation 7

Abstract:

B-SVAR, fiscal policy, debt dynamics, Portugal

The Macroeconomic Effects of Fiscal Policy in Portugal: A Bayesian SVAR Analysis

Portuguese Economic Journal, Vol. 10, No. 1, 2011
Posted: 25 Apr 2011
Antonio Afonso and Ricardo M. Sousa
University of Lisbon - ISEG (School of Economics and Management) and University of Minho

Abstract:

5.

Localization, Specialization and Diversification Indicators and Shift-Share Analysis: An Application to the Nut Iii of the North Region in the Period 1986-1998

University of Minho, NIPE Working Paper No. 13/2001
Number of pages: 27 Posted: 17 May 2005 Last Revised: 26 Jan 2009
Ricardo M. Sousa and Dolores Cabral
University of Minho and University of Minho
Downloads 150 (162,375)

Abstract:

localization, specialization, diversification, shift-share analysis

6.
Downloads 149 (167,127)
Citation 2

Fiscal Policy, Housing and Stock Prices

ECB Working Paper No. 990
Number of pages: 45 Posted: 02 Feb 2009
Antonio Afonso and Ricardo M. Sousa
University of Lisbon - ISEG (School of Economics and Management) and University of Minho
Downloads 102 (224,689)
Citation 2

Abstract:

Bayesian Structural VAR, fiscal policy, housing prices, stock prices

Fiscal Policy, Housing and Stock Prices

ECB Working Paper No. 990
Number of pages: 45 Posted: 25 Jan 2009
Antonio Afonso and Ricardo M. Sousa
University of Lisbon - ISEG (School of Economics and Management) and University of Minho
Downloads 47 (348,637)
Citation 2

Abstract:

Bayesian Structural VAR, fiscal policy, housing prices, stock prices

7.

Wealth Shocks and Risk Aversion

University of Minho, NIPE Working Paper No. 28/2007
Number of pages: 48 Posted: 19 Nov 2007 Last Revised: 29 Jan 2009
Ricardo M. Sousa
University of Minho
Downloads 104 (201,066)
Citation 2

Abstract:

Wealth, risk aversion

8.

Property of Stocks and Wealth Effects on Consumption

University of Minho, NIPE Working Paper No. 2/2003
Number of pages: 49 Posted: 06 Aug 2003
Ricardo M. Sousa
University of Minho
Downloads 96 (231,087)
Citation 2

Abstract:

stock market, wealth, consumption, cointegration

9.

Wealth Effects on Consumption - Evidence from the Euro Area

ECB Working Paper No. 1050
Number of pages: 31 Posted: 12 May 2009
Ricardo M. Sousa
University of Minho
Downloads 92 (190,046)
Citation 1

Abstract:

consumption, housing wealth, financial wealth

10.

Wealth Effects in Emerging Market Economies

ECB Working Paper No. 1000
Number of pages: 42 Posted: 29 Jan 2009
European Central Bank (ECB), University of Minho and European Central Bank (ECB)
Downloads 85 (246,239)
Citation 6

Abstract:

wealth effects, consumption, emerging markets

11.

The Determinants of Public Deficit Volatility

ECB Working Paper No. 1042
Number of pages: 26 Posted: 04 May 2009
Luca Agnello and Ricardo M. Sousa
University of Palermo - Department of Economics and University of Minho
Downloads 79 (211,685)
Citation 3

Abstract:

public deficit, volatility, political instability, institutions

12.

Consumption, (Dis)Aggregate Wealth, and Asset Returns

University of Minho, NIPE Working Paper No. 9/2005
Number of pages: 42 Posted: 13 May 2005 Last Revised: 29 Jan 2009
Ricardo M. Sousa
University of Minho
Downloads 57 (311,159)
Citation 9

Abstract:

Financial wealth, housing wealth, consumption, expected returns

13.

Expectations, Shocks, and Asset Returns

University of Minho, NIPE Working Paper No. 29/2007
Number of pages: 29 Posted: 20 Nov 2007 Last Revised: 29 Jan 2009
Ricardo M. Sousa
University of Minho
Downloads 56 (311,159)
Citation 1

Abstract:

Expectations, shocks, asset returns, wealth, income, consumption, housing share

14.

Fiscal Regime Shifts in Portugal

ISEG-UTL Department of Economics Working Paper No. 41/2009/DE/UECE
Number of pages: 29 Posted: 25 Oct 2009
Antonio Afonso, Peter Claeys and Ricardo M. Sousa
University of Lisbon - ISEG (School of Economics and Management), Vrije Universiteit Brussel (VUB) - Faculty of Economic, Social and Political Sciences and University of Minho
Downloads 54 (305,938)
Citation 3

Abstract:

fiscal regimes, Markov Switching, Portugal

15.

Can Fiscal Policy Stimulus Boost Economic Recovery?

Banque de France Working Paper No. 325
Number of pages: 29 Posted: 08 Apr 2011
Luca Agnello and Ricardo M. Sousa
Banque de France and University of Minho
Downloads 52 (308,566)

Abstract:

Fiscal policy, asset prices, panel VAR

16.

Consumption, Wealth, Stock and Housing Returns: Evidence from Emerging Markets

DIW Berlin Discussion Paper No. 1159
Number of pages: 19 Posted: 07 Oct 2011
Guglielmo Maria Caporale and Ricardo M. Sousa
Brunel University London - Department of Economics and Finance and University of Minho
Downloads 44 (327,804)
Citation 1

Abstract:

consumption, wealth, stock returns, housing returns, emerging markets

17.

Fiscal Policy Discretion, Private Spending, and Crisis Episodes

Banque de France Working Paper No. 354
Number of pages: 44 Posted: 12 Dec 2011
Luca Agnello, Davide Furceri and Ricardo M. Sousa
Banque de France, University of Palermo and University of Minho
Downloads 40 (339,693)
Citation 1

Abstract:

fiscal policy discretion, GDP growth, private consumption, private investment, crowding-in, crowding-out

18.

Consumption, Wealth, Stock and Government Bond Returns: International Evidence

ISEG-UTL Economics Working Paper No. 09/2011/DE/UECE
Number of pages: 30 Posted: 05 Mar 2011
Antonio Afonso and Ricardo M. Sousa
University of Lisbon - ISEG (School of Economics and Management) and University of Minho
Downloads 36 (365,347)

Abstract:

Consumption, Wealth, Stock Returns, Bond Returns

Assessing Long-Term Fiscal Developments: Evidence from Portugal

NIPE Working Paper No. 1/2009, ISEG-UTL Economics Working Paper No. 03/2009/DE/UECE
Number of pages: 10 Posted: 24 Jan 2009 Last Revised: 29 Jan 2009
Antonio Afonso and Ricardo M. Sousa
University of Lisbon - ISEG (School of Economics and Management) and University of Minho
Downloads 36 (388,102)
Citation 1

Abstract:

fiscal deterioration, Portugal

Assessing Long-Term Fiscal Developments: Evidence from Portugal

Applied Economics Letters, Vol. 18, No. 1, 2011
Posted: 25 Apr 2011
Antonio Afonso and Ricardo M. Sousa
University of Lisbon - ISEG (School of Economics and Management) and University of Minho

Abstract:

Assessing Long-Term Fiscal Developments: A New Approach

University of Minho, NIPE Working Paper No. 7/2009, ECB Working Paper No. 1032
Number of pages: 42 Posted: 06 Mar 2009
Antonio Afonso, Luca Agnello, Davide Furceri and Ricardo M. Sousa
University of Lisbon - ISEG (School of Economics and Management), University of Palermo - Department of Economics, University of Palermo and University of Minho
Downloads 31 (409,170)
Citation 4

Abstract:

Fiscal Deterioration, Fiscal Sustainability

Assessing Long-Term Fiscal Developments: A New Approach

Journal of International Money and Finance, Vol. 30, No. 1, 2011
Posted: 25 Apr 2011
Antonio Afonso, Luca Agnello, Davide Furceri and Ricardo M. Sousa
University of Lisbon - ISEG (School of Economics and Management), University of Palermo - Department of Economics, University of Palermo and University of Minho

Abstract:

21.

Are Stock and Housing Returns Complements or Substitutes? Evidence from OECD Countries

CESifo Working Paper Series No. 3621
Number of pages: 17 Posted: 27 Oct 2011
Guglielmo Maria Caporale and Ricardo M. Sousa
Brunel University - Centre for Empirical Finance and University of Minho
Downloads 25 (416,876)
Citation 1

Abstract:

consumption, wealth, stock returns, housing returns, OECD countries

22.

Are Stock and Housing Returns Complements or Substitutes? Evidence from OECD Countries

DIW Berlin Discussion Paper No. 1158
Number of pages: 19 Posted: 07 Oct 2011
Guglielmo Maria Caporale and Ricardo M. Sousa
Brunel University London - Department of Economics and Finance and University of Minho
Downloads 19 (431,665)
Citation 1

Abstract:

consumption, wealth, stock returns, housing returns, OECD countries

23.

Consumption, Wealth, Stock and Housing Returns: Evidence from Emerging Markets

CESifo Working Paper Series No. 3601
Number of pages: 17 Posted: 06 Oct 2011
Guglielmo Maria Caporale and Ricardo M. Sousa
Brunel University - Centre for Empirical Finance and University of Minho
Downloads 19 (431,665)
Citation 1

Abstract:

consumption, wealth, stock returns, housing returns, emerging markets

24.

Asset Returns Under Model Uncertainty: Evidence From the Euro Area, the US and the UK

ECB Working Paper No. 1575
Number of pages: 84 Posted: 25 Aug 2013
João Sousa and Ricardo M. Sousa
Banco de Portugal and University of Minho
Downloads 18 (447,130)

Abstract:

Stock returns, model uncertainty, Bayesian Model Averaging

25.

How Do Central Banks React to Wealth Composition and Asset Prices?

Number of pages: 43 Posted: 03 Sep 2010
Vitor Castroa and Ricardo M. Sousa
Universidade de Coimbra - Faculty of Economics and University of Minho
Downloads 14 (426,658)

Abstract:

monetary policy rules, wealth composition, asset prices.

26.

Fiscal Adjustments and Business Cycle Synchronization

CESifo Working Paper Series No. 4505
Number of pages: 23 Posted: 23 Dec 2013
Luca Agnello, Guglielmo Maria Caporale and Ricardo M. Sousa
University of Palermo - Department of Economics, Brunel University - Centre for Empirical Finance and University of Minho
Downloads 13 (473,275)

Abstract:

fiscal consolidation, fiscal stimulus, business cycle synchronization

27.

Fiscal Adjustment and Business Cycle Synchronization

DIW Berlin Discussion Paper No. 1339
Number of pages: 24 Posted: 30 Jan 2014
Luca Agnello, Guglielmo Maria Caporale and Ricardo M. Sousa
University of Palermo - Department of Economics, Brunel University - Centre for Empirical Finance and University of Minho
Downloads 10 (462,892)

Abstract:

Fiscal consolidation, fiscal stimulus, business cycle synchronization

28.

Fiscal Policy and Asset Prices

Bulletin of Economic Research, Vol. 65, Issue 2, pp. 154-177, 2013
Number of pages: 24 Posted: 15 Mar 2013
Luca Agnello and Ricardo M. Sousa
University of Palermo - Department of Economics and University of Minho
Downloads 1 (555,126)
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Abstract:

asset prices, fiscal policy, panel VAR

29.

How Do Fiscal Consolidation and Fiscal Stimuli Impact on the Synchronization of Business Cycles?

Bulletin of Economic Research, Vol. 69, Issue 4, pp. 309-329, 2017
Number of pages: 21 Posted: 10 Oct 2017
Guglielmo Maria Caporale, Luca Agnello and Ricardo M. Sousa
Brunel University London - Department of Economics and Finance, University of Palermo - Department of Economics and University of Minho
Downloads 0 (569,388)
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Abstract:

fiscal consolidation, fiscal stimulus, business cycle synchronization

30.

Can the Consumption-Wealth Ratio Predict Housing Returns? Evidence from OECD Countries

Real Estate Economics, Forthcoming
Posted: 20 Mar 2015
Guglielmo Maria Caporale, Ricardo M. Sousa and Mark E. Wohar
Brunel University - Centre for Empirical Finance, University of Minho and University of Nebraska at Omaha

Abstract:

consumption-wealth ratio, housing returns

31.

Wealth, Asset Portfolio, Money Demand and Policy Rule

Bulletin of Economic Research, Vol. 66, Issue 1, pp. 95-111, 2014
Number of pages: 17 Posted: 04 Dec 2013
Ricardo M. Sousa
University of Minho
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Abstract:

asset portfolio, money demand, policy rule, wealth

32.

Political, Institutional, and Economic Factors Underlying Deficit Volatility

Review of International Economics, Vol. 21, Issue 4, pp. 719-732, 2013
Number of pages: 14 Posted: 16 Aug 2013
Ricardo M. Sousa
University of Minho
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Abstract: