Carlos Robalo Marques
Banco de Portugal
Economic Research Department
+351 21 3128330
Av. Almirante Reis, 71-6th floor
[email protected]
1150-012 Lisbon, Portugal
http://www.personalpage.pt
Education
Licenciatura in Economics, 1976-1981
Employment
Banco de Portugal, Since 1984
Senior Economist, Economic Research Department
New University of Lisbon, 1981-2006.
Invited Assistant Professor, Department of Economics
Research Interests
Macroeconomics, Econometrics
Refereed Publications
Time or state dependent price setting rules? Evidence from micro data, 2007, European
Economic Review, Vol. 51, No. 7, pages 1589-1613, (with Daniel Dias and J.M.C. Santos
Silva).
A note on measuring the importance of the uniform nonsynchronization hypothesis, 2007,
Economics Bulletin, 4(6), pages 1-8, (with Daniel Dias and J.M.C. Santos Silva).
On the Fisher-Konieczny index of price changes synchronization, 2005, Economics Letters,
Vol. 87, No. 2, pages 279-283, (with Daniel Dias, Pedro Neves and J.M.C. Santos Silva).
Evaluating core inflation indicators, 2003, Economic Modelling, Vol. 20, No. 4, pages 765775, (with Pedro Neves and Luis M. Sarmento).
Why should central banks avoid the use of the underlying inflation indicator?, 2002,
Economics Letters, Vol. 75(1), pages 17-23, (with P. Duarte Neves and A. Gonçalves da
Silva).
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The bank lending channel of monetary policy: identification and estimation using Portuguese
micro bank data, 2003, Chap. 22 in “ Monetary Policy Transmission in the Euro Area,
edited by Ignazio Angeloni, Anil Kashyap and Benoit Mojon, Cambridge University Press,
(with Luisa Farinha).
Portuguese GDP and its deflator before 1947: a revision of the data produced by
Nunes,Mata e Valério(1989), 1995, Revista de Economia, Vol. XIX, No. 3, 83-95, (with
Paulo Esteves);
Cointegration and the output-inflation trade-off: empirical evidence for Portugal, 1995,
Revista de Economia, Vol. XIX, No. 2, 55-72;
Choosing an Aggregate for Monetary Policy: a cointegration approach, 1992, Revista de
Economia, Vol. XVI, No.1, 47-84, (with Margarida Catalão Lopes);
Other Publications
Some issues concerning the use of M3 for monetary policy analysis in the euro area, 2006,
Economic Bulletin, Vol. 12 (2), pages 41-55, Banco de Portugal, (with Nuno Alves and João
M. Sousa)
Inflation Persistence: facts or artefacts?, 2005, Economic Bulletin, Vol. 11 (2), pages 69-79,
Banco de Portugal.
Does money Granger cause inflation in the Euro area?, 2003, Economic Bulletin, Vol. 9 (3),
pages 87-91, Banco de Portugal (with Joaquim Pina).
The bank lending channel of monetary policy in Portugal, 2002, Economic Bulletin, Vol. 8
(3), pages 115-124, Banco de Portugal (with Luisa Farinha)
Using the first principal component as a core inflation indicator, 2001, Economic Bulletin,
Vol. 7 (1), pages 37-43, Banco de Portugal (with P. Duarte Neves and A. Gonçalves da Silva).
Using the asymmetric trimmed mean as a core inflation indicator, 2000, Economic Bulletin,
Vol. 6 (3), pages 85-95, Banco de Portugal (with J. Machado Mota).
Evaluating core inflation indicators, 1999, Economic Bulletin, Vol. 5 (4), pages 39-48,
Banco de Portugal (with P. Duarte Neves and L. Morais Sarmento).
Modelos Dinâmicos, Raízes Unitárias e Cointegração, 1998, EDINOVA, Universidade
Nova de Lisboa.
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Estimation of potential output for the Portuguese economy, 1998, Economic Bulletin, Vol. 4
(4), pages 47-55, Banco de Portugal (with Susana Botas and P. Duarte Neves).
Purchasing power parity and inflation in Portugal, 1996, Economic Bulletin, Vol. 2(4),
pages 71-79, Banco de Portugal (with Susana Botas and J. Ferreira Machado).
Exchange rate movements, inflation and wages, 1995, Economic Bulletin, Vol. 1(2), pages
25-34, Banco de Portugal;
Relação entre produto e inflação em Portugal, 1994, Quarterly Bulletin, Vol. 16(2), pages
41-47, Banco de Portugal;
Working papers and Work in Progress
The dynamic effects of shocks to wages and prices in the United States and the Euro Area,
2008, work in progress (with Rita Duarte).
Wage and Price dynamics in Portugal, 2008, European Central Bank, Working paper No. 945
and Banco de Portugal, Working paper No. 15.
Is the euro area M3 abandoning us?, 2007, Banco de Portugal, Working paper No. 20, (with
Nuno Alves and João Sousa).
Measuring the importance of the uniform nonsynchronization hypothesis, 2006, European
Central Bank, Working paper No.606 and Banco de Portugal, Working paper No. 3, (with
Daniel Dias and J.M.C. Santos Silva).
Time or state dependent price setting rules? Evidence from Portuguese micro data, 2005,
European Central Bank, Working paper No. 511 and Banco de Portugal, Working paper No.
8, (with Daniel Dias and J.M.C. Santos Silva).
Using mean reversion as a measure of persistence, 2005, European Central Bank, Working
paper No. 450 and Banco de Portugal, Working paper No. 3, (with Daniel Dias).
Inflation persistence: facts or artefacts?, 2004, European Central Bank, Working paper No.
371 and Banco de Portugal, Working paper No.8.
On the Fisher-Konieczny index of price changes synchronization, 2004, Banco de Portugal,
Working paper No. 7, (with Daniel Dias, P. Duarte Neves and J.M.C. Santos Silva).
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Does Money Granger cause inflation in the Euro Área?, 2002, Banco de Portugal, Working
paper No. 12, (with Joaquim Pina).
Should we distinguish between static and dynamic long run equilibrium in error correction
models?, 2002, Banco de Portugal, Working paper No. 2, (with Susana Botas).
The bank lending channel of monetary policy: identification and estimation using Portuguese
micro data, 2001, European Central Bank, Working paper No. 102, (with Luisa Farinha).
Using the first principal component as a core inflation indicator, 2001, Banco de Portugal,
Working paper No.9, (with J. Ferreira Machado, P. Duarte Neves and A. Gonçalves da Silva).
Using the asymmetric trimmed mean as a core inflation indicator, 2000, Banco de Portugal,
Working paper No.6, (with J. Machado Mota).
Why should central banks avoid the use of the underlying inflation indicator?, 2000, Banco de
Portugal, Working paper No. 5, (with P. Duarte Neves and A. Gonçalves da Silva).
Evaluating core inflation indicators, 2000, Banco de Portugal, Working paper No. 3, (with P.
Duarte Neves and L. Morais Sarmento).
Consumer expenditure and cointegration, 1998, Banco de Portugal, Working paper No. 6,
(with P. Duarte Neves).
Estimation of the NAIRU for the Portuguese economy, 1997, Banco de Portugal, Working
Paper Nº 6, (with Susana Botas);
Portuguese GDP and its deflator before 1947: a revision of the data produced by Nunes,Mata
e Valério(1989), 1994, Banco de Portugal, Working Paper No. 4, (with Paulo Esteves);
Choosing an Aggregate for Monetary Policy: a cointegration approach, 1992, Banco de
Portugal, Working Paper No. 24, (with Margarida Catalão Lopes),
"Cointegration and Dynamic Specification", 1992, Banco de Portugal, Working Paper No. 16;
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