Pedro Teles is a Full Professor at CATÓLICA-LISBON. He is also a Researcher at the Bank of Portugal and a Research Fellow of the CEPR. He holds a PhD in Economics (The University of Chicago) and an undergraduate degree in Economics (UCP). He was a Senior Economist in the Research Department at the Federal Reserve Bank of Chicago between 2001 and 2004, and has taught in the Ph.D. programs at Universitat Pompeu Fabra and University College London. He has worked on various issues of monetary and fiscal policy, including the optimality of the Friedman rule, time consistent policies, optimal stabilization policy, optimal currency areas, and instruments of monetary policy.
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Credit subsidies (forthcoming)

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Sovereign Default: The Role of Expectations

Ayres, J., Navarro, G., Nicolini, J.P. and Teles, P., Journal of Economic Theory, 175, 803-812 , 2017
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Is Quantity Theory Still Alive?

CATÓLICA-LISBON Researcher(s): Pedro Teles
Teles, P., Economic Journa…, 2016
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Short and long interest rate targets

CATÓLICA-LISBON Researcher(s): Bernardino Adão, Isabel Horta Correia & Pedro Teles
Adão, B., Journal of Monetary Economic…, 2014
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Short and long interest rate targets

CATÓLICA-LISBON Researcher(s): Pedro Teles
Adão, B., Journal of Monetary Economic…, 2014
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Unconventional fiscal policy at the zero bound

CATÓLICA-LISBON Researcher(s): Pedro Teles & Isabel Horta Correia
Correia, I., American Economic Revie…, 2013
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Unconventional fiscal policy at the zero bound

CATÓLICA-LISBON Researcher(s): Pedro Teles
Correia, I., American Economic Revie…, 2013
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Money is an experience good: Competition and trust in the private provision of money

CATÓLICA-LISBON Researcher(s): Pedro Teles
Marimon, R., Journal of Monetary Economic…, 2012
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Monetary policy and the financing of firms

CATÓLICA-LISBON Researcher(s): Pedro Teles
Fiore, F., American Economic Journal: Macroeconomic…, 2011
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Unique monetary equilibria with interest rate rules

CATÓLICA-LISBON Researcher(s): Pedro Teles
Adão, B., Review of Economic Dynamic…, 2011
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Unique monetary equilibria with interest rate rules

CATÓLICA-LISBON Researcher(s): Bernardino Adão, Isabel Horta Correia & Pedro Teles
Adão, B., Review of Economic Dynamic…, 2011
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Wage and price rigidity in a monetary union

CATÓLICA-LISBON Researcher(s): Pedro Teles
Adao, B., Open Economies Revie…, 2010
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Wage and price rigidity in a monetary union

CATÓLICA-LISBON Researcher(s): Bernardino Adão, Isabel Horta Correia & Pedro Teles
Adao, B., Open Economies Revie…, 2010
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On the relevance of exchange rate regimes for stabilization policy

CATÓLICA-LISBON Researcher(s): Pedro Teles
Adao, B., Journal of Economic Theor…, 2009
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On the relevance of exchange rate regimes for stabilization policy

CATÓLICA-LISBON Researcher(s): Bernardino Adão, Isabel Horta Correia & Pedro Teles
Adao, B., Journal of Economic Theor…, 2009
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Nominal debt as a burden on monetary policy

CATÓLICA-LISBON Researcher(s): Pedro Teles
Díaz-Giménez, J., Review of Economic Dynamic…, 2008
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Optimal fiscal and monetary policy: Equivalence results

CATÓLICA-LISBON Researcher(s): Pedro Teles
Correia, I., Journal of Political Econom…, 2008
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Optimal fiscal and monetary policy: Equivalence results

CATÓLICA-LISBON Researcher(s): Pedro Teles & Isabel Horta Correia
Correia, I., Journal of Political Econom…, 2008
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The monetary transmission mechanism: Is it relevant for policy?

CATÓLICA-LISBON Researcher(s): Bernardino Adão, Isabel Horta Correia & Pedro Teles
Adao, B., Journal of the European Economic Associatio…, 2004
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The monetary transmission mechanism: Is it relevant for policy?

CATÓLICA-LISBON Researcher(s): Pedro Teles
Adao, B., Journal of the European Economic Associatio…, 2004
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Gaps and triangles

CATÓLICA-LISBON Researcher(s): Pedro Teles
Adao, B., Review of Economic Studie…, 2003
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Gaps and triangles

CATÓLICA-LISBON Researcher(s): Bernardino Adão, Isabel Horta Correia & Pedro Teles
Adao, B., Review of Economic Studie…, 2003
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Inside-outside money competition

CATÓLICA-LISBON Researcher(s): Pedro Teles
Marimon, R., Journal of Monetary Economic…, 2003
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The optimal mix of taxes on money, consumption and income

CATÓLICA-LISBON Researcher(s): Pedro Teles
De Fiore, F., Journal of Monetary Economic…, 2003
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The Optimal Inflation Tax

CATÓLICA-LISBON Researcher(s): Pedro Teles
Correia, I., Review of Economic Dynamic…, 1999
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The Optimal Inflation Tax

CATÓLICA-LISBON Researcher(s): Pedro Teles & Isabel Horta Correia
Correia, I., Review of Economic Dynamic…, 1999
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Is the Friedman rule optimal when money is an intermediate good?

CATÓLICA-LISBON Researcher(s): Pedro Teles & Isabel Horta Correia
Correia, I., Journal of Monetary Economic…, 1996
Paper

Is the Friedman rule optimal when money is an intermediate good?

CATÓLICA-LISBON Researcher(s): Pedro Teles
Correia, I., Journal of Monetary Economic…, 1996