Leonor Modesto is Full Professor at the CATÓLICA-LISBON School of Business and Economics of the Portuguese Catholic University and she is the President of the Scientific Council of CATÓLICA-LISBON. She holds a Ph.D. in Economics from the Catholic University of Louvain (1987). Her research interests cover macroeconomic dynamics, more specifically endogenous business cycles and the role of market distortions for the existence of indeterminacy and multiple equilibria, and labour economics (education, labour market dynamics, trade unions, employment policies, and labour market failures in general). She has published in several jornals including Economic Theory, Journal of Mathematical Economics, Macroeconomic Dynamics, Labor Economics, or the Journal of Population Economics.
Publications
Paper
Sovereign Debt, Fiscal Policy, and Macroeconomic Instability
Journal of Public Economic Theory, 2022
Paper
Competition and the risk of bank failure: Breaking with the representative borrower assumption
Journal of Public Economic Theor…, 2021
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Paper
Growth and instability in a small open economy with debt
Mathematical Social Science…, 2021
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Paper
Intra-industry trade, involuntary unemployment and macroeconomic stability
Journal of Mathematical Economic…, 2021
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Paper
The failure of stabilization policy: balanced-budget fiscal rules in the presence of incompressible public expenditures
Journal of Economic Dybnamics and Contro…, 2020
Paper
ENDOGENOUS CREDIT AND INVESTMENT CYCLES WITH ASSET PRICE VOLATILITY
Macroeconomic Dynamic…, 2018
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Paper
Heterogeneous human capital, inequality and growth: The role of patience and skills
International Journal of Economic Theor…, 2018
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Book chapter
Can Consumption Taxes Stabilize the Economy in the Presence of Consumption Externalities?
Sunspots and Non-Linear Dynamic…, 2017
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Paper
The destabilizing effects of the social norm to work under a social security system
Mathematical Social Science…, 2015
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Paper
Market distortions and local indeterminacy: A general approach
Journal of Economic Theor…, 2014
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Paper
Indeterminacy, bifurcations, and unemployment fluctuations
Macroeconomic Dynamic…, 2008
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Tax rate variability and public spending as sources of indeterminacy
Journal of Public Economic Theor…, 2008
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Paper
Unions, firing costs, and unemployment
Labou…, 2008
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Indeterminacy in a finance constrained unionized economy
Journal of Mathematical Economic…, 2007
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Paper
Endogenous fluctuations in unionized economies with productive externalities
Economic Theor…, 2005
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Paper
Should I stay or should I go? Educational choices and earnings: An empirical study for Portugal
Journal of Population Economic…, 2003
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Book
Visto da Católica: A Economia Portuguesa em Exame
, 2002
Paper
An analysis of labour adjustment costs in unionized economies
Labour Economic…, 2001
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Book
Economic Performance Indicators – Portugal, Lisboa, Porto
, 2000
Paper
Portuguese banking sector: A mixed oligopoly?
International Journal of Industrial Organizatio…, 1999
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Paper
Macroeconomic Effects of Reducing Social Security Contribution Rates: the Portuguese Case
Economi…, 1997
Paper
HERMIN Portugal
Economic Modellin…, 1995
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HERMIN. A macroeconometric modelling framework for the EU periphery
Economic Modellin…, 1995
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Modelling in the EU periphery. The HERMIN project
Economic Modellin…, 1995
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Similarity and diversity in the EU periphery. A HERMIN-based investigation
Economic Modellin…, 1995
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Paper
The macroeconomic effects of the CSF 1994-1999 in the EU periphery. An analysis based on the HERMIN model
Economic Modellin…, 1995
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The Effects of CSF 1994-1999 on the Portuguese Economy
Economi…, 1994
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"Wages, Productivity and Efficiency: An Empirical Study for the Portuguese Manufacturing Sector" (with M. Monteiro)
Economi…, 1993
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Allocation of Private Consumption in Portugal: A Multi-Stage Application of the Rotterdam Model
Economi…, 1993
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Energy taxation in Southern Europe: The case of Portugal
Environmental & Resource Economic…, 1993
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Paper
"Macroeconomic Effects of an Energy Tax in Portugal: Simulation Results for 1991-2000" (with A. Vasco and L. Bernardes)
Economia,, 1992
Book chapter
Some Aspects of the Portuguese Labour Market, 1977-1988: Neutrality, Hysteresis and the Wage Gap
, 1992
Paper
The inventory investment equation: an empirical work using business survey data
International Journal of Production Economic…, 1992
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Paper
Testing The Rationality of Expectations Using Aggregate Data
Economi…, 1989