António Afonso

Last slots. ISEG MMFE (iseg.ulisboa.pt/en/study/maste…): next step in your career. Employers recognize to graduates a strong background in quantitative methods, macro, monetary and financial economics. Half mandatory courses; half chosen by the student. 1/3-1/2 international students.

Happy to have one of the most cited papers in FinanzArchiv, one of the world's oldest professional journals in public finance, founded in 1884. mohrsiebeck.com/en/journal/fin…

link.springer.com/journal/10663 António Afonso, José Alves. Frederico Silva Leal. forthcoming

Checking output by different impact factors' sources.

"The Pressure Is on: How Geopolitical Tensions Impact Institutional Fiscal and External Stability Responses" António Afonso, José Alves, João Jalles, Sofia Monteiro. Scottish Journal of Political Economy onlinelibrary.wiley.com/doi/10.1111/sj…

Dornbusch, Rudiger. 1976. "Expectations and Exchange Rate Dynamics." Journal of Political Economy, 84: 1161-1176. ➡️ We get 90% of AI in this classical paper, even before AI was available!

Some past-current research topics.

"The Pressure is On: How Geopolitical Tensions impact Institutional Fiscal and External Stability Responses", António Afonso, José Alves, João Jalles, Sofia Monteiro, We examine how geopolitical risks affect fiscal and external sustainability in 27 EU countries over 2001Q4–2022Q3

"We’re pleased to inform you that we’ve published your article and it’s now available online. You and others can now download your open access article." António Afonso, Catarina Miranda. link.springer.com/article/10.100…

"Creating businesses in the Least Developed Countries: the Relevance of the Regulatory Environment", António Afonso, Carmen Blanco-Arana. For 45 LDC, 2000-21: access to financial services, political stability, corruption, economic freedom affect the creation of new businesses.

"Impact of Sovereign Debt Maturity on Fiscal Sustainability", forthcoming [ABS 3; ABDC B] António Afonso, José Alves, Oļegs Matvejevs, Olegs Tkacevs. 🌀 19 developed countries (1995-20): gov debt with maturity above 10y reduces fiscal responsiveness. 🌀QE played a key role.

14th UECE Conference on Economic and Financial Adjustments. Fri, Jul 17, 2026. ISEG. Lisbon. uece2.rc.iseg.ulisboa.pt/.../2026/efae/… Keynote: Roel Beetsma.

ISEG MMFE (lnkd.in/dgcP4B2v): next step in your career. Employers recognize to graduates a strong background in quantitative methods, macro, monetary and financial economics. Half of the courses are mandatory; half chosen by the student. 1/3-1/2 international students.

Deadline approaching--February 15. An amazing IIPF conference is in the works. Join us in sunny Lisbon this August.

ISEG PhD Economics (lnkd.in/gwuCTJ_K) Advanced education with high level of technical and scientific qualification. Enabling an international career in economics and in highly qualified roles in the public/private sector. Acceptance rate: 35%. International students; 55%.

ISEG PhD in Economics (iseg.ulisboa.pt/en/study/phd/e…) thesis defense. Congratulations Jorge Braga Ferreira. 16.01.2026. António Afonso, Frederico Silva Leal, José Alves, Manuel Martins

António Afonso, Eduardo Rodrigues. “Literacy and Saving Behavior: Global Cross-Sectional Evidence” @ResearchRem WP403-2026. lnkd.in/e5dS_Dc Financial literacy is a driver for saving in the short and long term. Education level and income also predict savings.