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

36

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3,325

SSRN CITATIONS
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Top 7,409

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57

CROSSREF CITATIONS

119

Scholarly Papers (36)

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 415 (96,603)
Citation 28

Abstract:

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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 3 (868,270)

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fiscal consolidation, income inequality, Kuznets curve

2.

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 414 (97,705)
Citation 5

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

3.

The Macroeconomic Effects of Fiscal Policy

ECB Working Paper No. 991
Number of pages: 55 Posted: 25 Jan 2009
António Afonso and Ricardo M. Sousa
University of Lisbon - ISEG (School of Economics and Management) and University of Minho
Downloads 281 (149,019)
Citation 4

Abstract:

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fiscal policy, Bayesian Structural VAR, debt dynamics

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
António Afonso and Ricardo M. Sousa
University of Lisbon - ISEG (School of Economics and Management) and University of Minho
Downloads 267 (156,312)
Citation 19

Abstract:

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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
António Afonso and Ricardo M. Sousa
University of Lisbon - ISEG (School of Economics and Management) and University of Minho

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5.

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, Business and Statistics and University of Minho
Downloads 215 (193,359)

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public deficit, volatility, political instability, institutions

6.

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 208 (199,404)
Citation 3

Abstract:

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consumption, housing wealth, financial wealth

7.
Downloads 207 (200,331)
Citation 1

Fiscal Policy, Housing and Stock Prices

ECB Working Paper No. 990
Number of pages: 45 Posted: 02 Feb 2009
António Afonso and Ricardo M. Sousa
University of Lisbon - ISEG (School of Economics and Management) and University of Minho
Downloads 110 (334,991)
Citation 2

Abstract:

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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
António Afonso and Ricardo M. Sousa
University of Lisbon - ISEG (School of Economics and Management) and University of Minho
Downloads 97 (364,565)

Abstract:

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

8.

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 182 (224,724)

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localization, specialization, diversification, shift-share analysis

9.

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 137 (283,718)
Citation 2

Abstract:

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Wealth, risk aversion

10.

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 106 (341,378)
Citation 2

Abstract:

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stock market, wealth, consumption, cointegration

11.

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 97 (361,747)
Citation 4

Abstract:

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wealth effects, consumption, emerging markets

12.

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 76 (418,671)
Citation 21

Abstract:

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

13.

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 76 (418,671)
Citation 20

Abstract:

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Fiscal policy, asset prices, panel VAR

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
António 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 69 (441,186)
Citation 4

Abstract:

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fiscal regimes, Markov Switching, Portugal

15.

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 62 (465,762)
Citation 4

Abstract:

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

16.

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 62 (465,762)
Citation 1

Abstract:

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

17.

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 61 (469,513)
Citation 9

Abstract:

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Financial wealth, housing wealth, consumption, expected returns

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
António Afonso and Ricardo M. Sousa
University of Lisbon - ISEG (School of Economics and Management) and University of Minho
Downloads 51 (509,268)
Citation 1

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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
António Afonso and Ricardo M. Sousa
University of Lisbon - ISEG (School of Economics and Management) and University of Minho
Downloads 43 (556,867)
Citation 2

Abstract:

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fiscal deterioration, Portugal

Assessing Long-Term Fiscal Developments: Evidence from Portugal

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

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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
University of Lisbon - ISEG (School of Economics and Management), University of Palermo - Department of Economics, Business and Statistics, University of Palermo and University of Minho
Downloads 35 (601,030)
Citation 14

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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
University of Lisbon - ISEG (School of Economics and Management), University of Palermo - Department of Economics, Business and Statistics, University of Palermo and University of Minho

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21.

International Monetary Policy and Cryptocurrency Markets: Dynamic and Spillover Effects

Number of pages: 39 Posted: 20 Apr 2022
Ahmed H. Elsayed and Ricardo M. Sousa
Durham University Business School and University of Minho
Downloads 33 (598,226)

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Monetary policy, cryptocurrency, time-variation, interconnectedness, spillovers, international transmission

22.

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 London - Department of Economics and Finance and University of Minho
Downloads 31 (609,880)

Abstract:

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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 London - Department of Economics and Finance and University of Minho
Downloads 31 (609,880)

Abstract:

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

24.

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 30 (616,009)
Citation 2

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monetary policy rules, wealth composition, asset prices.

25.

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 28 (628,544)
Citation 2

Abstract:

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

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, Business and Statistics, Brunel University London - Department of Economics and Finance and University of Minho
Downloads 27 (635,056)

Abstract:

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fiscal consolidation, fiscal stimulus, business cycle synchronization

27.

Inflation Synchronization among the G7 and China: The Important Role of Oil Inflation

Energy Economics, Forthcoming
Number of pages: 43 Posted: 01 Jun 2021
Ahmed H. Elsayed, Shawkat M. Hammoudeh and Ricardo M. Sousa
Durham University Business School, Drexel University - Lebow College of Business and University of Minho
Downloads 26 (641,970)

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Oil price inflation, CPI inflation, G7 and China, DECO-GARCH model, spillovers

28.

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, Business and Statistics, Brunel University London - Department of Economics and Finance and University of Minho
Downloads 25 (648,790)
Citation 2

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Fiscal consolidation, fiscal stimulus, business cycle synchronization

29.

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 25 (648,790)
Citation 1

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Stock returns, model uncertainty, Bayesian Model Averaging

30.

Wealth‐To‐Income Ratio and Stock Market Movements: Evidence from a Nonparametric Causality Test

International Review of Finance, Vol. 18, Issue 3, pp. 495-506, 2018
Number of pages: 12 Posted: 17 Sep 2018
Mehmet Balcilar, Rangan Gupta, Ricardo M. Sousa and Mark E. Wohar
Eastern Mediterranean University, University of Pretoria - Department of Economics, University of Minho and University of Nebraska at Omaha
Downloads 1 (858,496)

Abstract:

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31.

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, Business and Statistics and University of Minho
Downloads 1 (858,496)
Citation 3

Abstract:

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asset prices, fiscal policy, panel VAR

32.

Financial Markets' Shutdown and Reaccess

Economic Inquiry, Vol. 56, Issue 1, pp. 562-571, 2018
Number of pages: 10 Posted: 05 Dec 2017
Luca Agnello, Vítor Castro and Ricardo M. Sousa
University of Palermo - Department of Economics, Business and Statistics, Loughborough University and University of Minho
Downloads 0 (876,428)

Abstract:

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33.

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, Business and Statistics and University of Minho
Downloads 0 (876,428)

Abstract:

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fiscal consolidation, fiscal stimulus, business cycle synchronization

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 London - Department of Economics and Finance, University of Minho and University of Nebraska at Omaha

Abstract:

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consumption-wealth ratio, housing returns

35.

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
Downloads 0 (876,428)

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asset portfolio, money demand, policy rule, wealth

36.

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
Downloads 0 (876,428)

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