CURRICULUM VITAE Manuel M. F. Martins

PERSONAL INFORMATION

Name: Manuel António da Mota Freitas Martins Birth date: 29 November 1964 Nationality: Portuguese Address: Faculdade de Economia, Universidade do Porto Office nº 514 Rua Dr. Roberto Frias 4200 464 Porto Portugal Tel: 351 22 557 1100 (ext. 518); Fax: 351 2 550 5050 E-mail: [email protected]

EDUCATION

2003 PhD in Economics Faculdade de Economia, Universidade do Porto Thesis: "Macroeconomic Trade-offs and Monetary Policy in the Euro Area". Supervision: Prof. Dr. Álvaro Aguiar. 1996 Masters in Economics Faculdade de Economia, Universidade do Porto Grade point average: 16/20. Thesis: "Moeda e Preços em Portugal 1932-1990 - Uma Investigação com Métodos de Séries Temporais." Supervision: Prof. Dr. Fernando Teixeira dos Santos. 1987 Licenciatura in Economics Faculdade de Economia, Universidade do Porto Grade point average: 14/20.

PROFESSIONAL EXPERIENCE

1987-present Faculdade de Economia, Universidade do Porto 2003-present Assistant Professor 1996-2003 Senior Lecturer 1991-1996: Invited Senior Lecturer 1987-1991: Teaching Assistant Courses taught: Introductory Economics (E101) Macroeconomics (E201), Macroeconomics I (LEC201), Macroeconomics (1E201) Applied Economic Studies (E523) Economic Policy (E512, LEC417) International Monetary Economics (E713) 1

Macroeconomics I (EC709/DE802; ECON702; 3E102) Macroeconometrics (EC756/DE830; ECON708; 3E107) Researcher at the Macroeconomics and Forecasting Research Centre CEMPRE - Centro de Estudos Macroeconómicos e Previsão 1991-1994 I. E. S. F., Porto (Instituto de Estudos Superiores Financeiros e Fiscais) Teaching Assistant Courses taught: Macroeconomics 1987-1998 Associação Industrial Portuense Economist at the Research Department: Business Cycles and Economic Policy analysis

MAIN SCIENTIFIC AREAS OF INTEREST

Macroeconomics, Business Cycles, Monetary theory and policy, Time Series Methods.

WORKING PAPERS

“Cape Verde: the Case for Euroization” (with João Loureiro and Ana Paula Ribeiro), Working Papers da FEP nº 317, Faculdade de Economia da Universidade do Porto, Março 2009, available at http://www.fep.up.pt/investigacao/workingpapers/09.03.18_wp317.pdf “Terá a política monetária do Banco Central Europeu sido adequada para Portugal (1999-2007)?”, Working Papers da FEP nº 252, Faculdade de Economia da Universidade do Porto, Novembro 2007, available at http://www.fep.up.pt/investigacao/workingpapers/07.11.20_wp252_MotaFreitas. pdf Dilemas macroeconómicos e política monetária: o caso da Zona Euro, Working Papers da FEP nº 221, Faculdade de Economia da Universidade do Porto, Julho 2006, available at http://www.fep.up.pt/investigacao/workingpapers/06.07.04_WP221_mmfmartin s.pdf Testing for Asymmetries in the Preferences of the Euro-Area Monetary Policymaker, (with Alvaro Aguiar) Working Papers da FEP nº 182, Faculdade de Economia da Universidade do Porto, Julho 2005, available at http://www.fep.up.pt/investigacao/workingpapers/05.07.18_wp182_manelalvaro .pdf Growth Cycles in XXth Century European Industrial Productivity: Unbiased Variance Estimation in a Time-varying Parameter Model, (with Alvaro Aguiar) Working Papers da FEP nº 144, Faculdade de Economia da Universidade do Porto, Maio 2004, available at http://www.fep.up.pt/investigacao/workingpapers/workingpapers.htm O crescimento da produtividade da indústria portuguesa no século XX, (with Alvaro Aguiar) Working Papers da FEP nº 145, Faculdade de Economia da Universidade do Porto, Maio 2004, available at http://www.fep.up.pt/investigacao/workingpapers/workingpapers.htm Macroeconomic Volatility Trade-off and Monetary Policy Regime in the Euro Area (with Alvaro Aguiar), Economics Research Network Monetary Economics Working

Paper Series, 8 (7), February 2003, available at http://papers.ssrn.com/paper.taf?abstract_id=355700 also Working Papers da FEP nº 123, Faculdade de Economia da Universidade do Porto, Março 2003, available at http://www.fep.up.pt/investigacao/workingpapers/wp123.pdf Trend, Cycle, and Non-linear Trade-off in the Euro Area 1970-2001, (with Alvaro Aguiar) Economics Research Network Macro Working Paper Series 7 (23), April 2002, available at http://papers.ssrn.com/paper.taf?abstract_id=301544 also Working Papers da FEP nº 122, Faculdade de Economia da Universidade do Porto, Março 2003, available at http://www.fep.up.pt/investigacao/workingpapers/wp122.pdf

PAPERS IN INTERNATIONAL REFEREED JOURNALS

“Testing for Asymmetries in the Preferences of the Euro-Area Monetary Policymaker,” (with Alvaro Aguiar), Applied Economics , Vol. 40, Issue 13, July 2008, pp. 1651-1667. “The Preferences of the Euro Area Monetary Policymaker,” (with Alvaro Aguiar), Journal of Common Market Studies, Vol. 43, No.2, June 2005, pp.221-250. “Testing the significance and the non-linearity of the Phillips trade-off in the Euro Area,” (with Alvaro Aguiar), Empirical Economics , Vol. 30, N. 3, October 2005, pp.665- 691.

PAPERS IN NATIONAL REFEREED JOURNALS

“Dilemas macroeconómicos e política monetária: o caso da Zona Euro”, e-cadernos ces, 1, 121-137, available at http://www.ces.uc.pt/e-cadernos, 2008.

CHAPTERS IN BOOKS

“A política monetária europeia e a economia portuguesa”, Chapter 4, pp. 31-58, in Pedro Lains (ed.), Sem Fronteiras: Os novos horizontes da economia portuguesa - Estudos em homenagem a José da Silva Lopes, Imprensa de Ciências Sociais, Instituto de Ciências Sociais da Universidade de Lisboa, 2009. “A indústria” (with Alvaro Aguiar), Chapter 6 pp.185-226 in Pedro Lains and Álvaro Ferreira da Silva (eds.) História Económica de Portugal (1700-2000), Vol. III O Século XX, Instituto de Ciências Sociais da Universidade de Lisboa, 2005.

REPORTS

“Avaliação do Acordo de Cooperação Cambial Cabo Verde – Portugal” (Assessment of the Foreign Exchange Agreement between Cape Verde and Portugal) (with João Loureiro and Ana Ribeiro); Ministério das Finanças e da Administração Pública do Governo da República de Portugal; Lisboa; 2008; pp. 135.

WRITTEN PRESENTATIONS IN CONFERENCES

“Phases in the Trend Growth of GDP per capita of Developed Countries over the 20 th Century” (with Alvaro Aguiar), presented at the XXVI Encontro da Associação Portuguesa de História Económica e Social, 17-18 November 2006, Universidade dos Açores, Ponta Delgada. “O crescimento da produtividade da indústria portuguesa no século XX,” (with Alvaro Aguiar), presented at the VIII Congreso de la Asociación Española de Historia Económica , 13-16 Septiembre 2005, Universidade de Santiago de Compostela. “Testing for Asymmetries in the Preferences of the Euro-Area Monetary Policymaker,” (with Alvaro Aguiar), presented at the Money, Macro and Finance Research Group Conference , 1-3 September 2005, University of Crete, Rethymno; and at the EcoMod Conference on Policy Modeling , 29Jun-2 July 2005, Istambul. “Growth Cycles in XXth Century European Industrial Productivity: Unbiased Variance Estimation in a Time-varying Parameter Model,” (with Alvaro Aguiar), presented at the Second Iberian Cliometrics Workshop (Iberometrics II) , 10-13 March 2005, Sigüenza (Guadalajara - Spain) “The Preferences of the Euro Area Monetary Policymaker,” (with Alvaro Aguiar), presented at the 57 th International Atlantic Economic Society Conference, 10-14 March 2004, Lisbon; and at the Economic Policies in the New Millenium Conference , 16-17 April 2004, Faculdade de Economia da Universidade de Coimbra, and at the Conference on Growth and Business Cycles in Theory and Practice , 15 th -16 st July 2004, University of Manchester, Centre for Growth and Business Cycle Research. "Macroeconomic Volatility Trade-off and Monetary Policy Regime in the Euro Area," (with Alvaro Aguiar), presented at the European Economics and Finance Society Second Annual Conference , 14-16 May 2003, University of Bologna; and at the 8ª Conferência Anual da Sociedade Portuguesa de Investigação em Economia , 16-17 Junho 2003, Universidade Nova de Lisboa.. "Macroeconomic Performance and Policymakers' Preferences in the Euro Area 1972- 2001," presented at the Money, Macro and Finance Research Group Conference , 4-6 September 2002, University of Warwick; and at the EcoMod Conference on Policy Modeling , 4-6 July 2002, Brussels. "Trend, Cycle and Non-Linear Trade-Off in the Euro Area 1970-2001," (with Alvaro Aguiar) presented at the 7ª Conferência Anual da Sociedade Portuguesa de Investigação em Economia , 24-25 Junho 2002, Universidade de Aveiro; and at the Conference on Growth and Business Cycles in Theory and Practice , 20 th - 21 st June 2002, University of Manchester, Centre for Growth and Business Cycle Research. "Trend and Cycle in the Euro Area - New Tests and Estimates from an Unobserved Components Model," presented at the EcoMod Conference on Policy Modeling for European and Global Issues , 5-7 July 2001, Brussels. "NAIRU, Trend and Cycle in the Portuguese Economy - Estimation of an Unobserved Components Model," (with Miguel St.Aubyn) presented at the 4ª Conferência sobre Economia Portuguesa do CISEP , 4-5 Maio 2001, Instituto Superior de Economia e Gestão;

SEMINARS

“Cape Verde: the Case for Euroization”, Instituto Superior de Economia e Gestão da Universidade Técnica de Lisboa , Seminário do Departamento de Economia, 2009, 6 February. “Terá a política monetária do Banco Central Europeu sido adequada para Portugal (1999-2007)?”, presented at Conferência Economia Portuguesa e Integração 4

Europeia, Instituto de Ciências Sociais da Universidade de Lisboa, 3 December 2007, Lisboa. “Dilemas macroeconómicos e política monetária: o caso da Zona Euro,” Centro de Estudos Sociais, Faculdade de Economia da Universidade de Coimbra, I Ciclo anual Jovens Cientistas Sociais, 24 May 2006. “Testing for Asymmetries in the Preferences of the Euro-Area Monetary Policymaker,” Escola de Economia e Gestão da Universidade do Minho , Seminário do NIPE/DEGEI, 17 June 2005. "The preferences of the Euro Area Monetary Policymaker," Escola de Economia e Gestão da Universidade do Minho , Seminário do NIPE/DEGEI, 18 June 2004. "Macroeconomic Volatility Trade-off and Monetary Policy Regime in the Euro Area," Instituto Superior de Economia e Gestão da Universidade Técnica de Lisboa , Seminário do Departamento de Economia Nº11 / 2002, 10 December.

REFEREEING

Economics Bulletin; Journal of Macroeconomics; Applied Economics; Applied Financial Economics; Notas Económicas da Faculdade de Economia da Universidade de Coimbra; Journal of Money, Credit and Banking; XIII World Economic Congress of the International Economic Association .

DISCUSSIONS

“Asymmetry of Shocks in Selected ASEAN Countries”, by Carlos Cortinhas, Escola de Economia e Gestão da Universidade do Minho , Seminário do NIPE/DEGEI, 17 June 2005. “Velocity Futures Targeting: Can it Eliminate the Need for Central Banks to Develop Structural Models?”, by Aaron L. Jackson and Scott Sumner, February 2004, 57TH International Atlantic Economics Society Conference , Lisbon, 11-14 March 2004. Session C2 of the International Conference “10 Years Of The Euro - Adjustment In Capital And Labour Markets”, 7-8 May, 2009, NIPE - Economic Policies Research Unit, University of Minho, Braga, Portugal: “Current Account Imbalances and Financial Integration in the Euro Area”, by Birgit Schmitz, Alan Ahearne and Jurgen von Hagen; “Wealth, Money Demand and Policy Rule: Evidence From the Euro Area”, by Ricardo Sousa; “Macroeconomic Adjustment and Heterogeneity in the Euro Area” by Andrzej Torój

SCIENTIFIC COMMITTEES

Ester Maria dos Reis Gomes da Silva, “Structural Change and Economic Growth. A longitudinal and cross-counrty Study”, Doctoral Programme in Economics, Universidade do Porto, December 2008 (on behalf of the Board of Directors of the Programme). Pataaree Sangduan, “The Dynamics of Fiscal Consolidation”, PhD in Economics, University of Surrey, United Kingdom, September 2008 (external examiner). Paulo Ricardo Tavares da Mota, “Weak and Strong Hysteresis in the Dynamics of Labor Demand”, Doctoral Programme in Economics, Universidade do Porto, September 2008 (on behalf of the Board of Directors of the Programme). Rui Paulo Neves Santos, “Neutralidade monetária em modelos de produção e troca com desequilíbrio”, Doctoral Programme in Economics, Universidade do Porto, July 2008 (internal examiner). Isabel Dinis, “Determinantes da adopção de variedades tradicionais de macieiras”, Doctoral Programme in Economics, Universidade do Porto, December 2007 (on behalf of the Board of Directors of the Programme). Celsa Maria Machado, “Monetary and Fiscal Policies interactions in a Monetary Union with Country-syze Asimmetry”, Doctoral Programme in Economics, Universidade do Porto, December 2007 (on behalf of the Board of Directors of the Programme). Maria Inês Ferreira Drumond de Sousa, “Essays on Macroeconomics of Banking: Credit Frictions, Business Cycle and Bank Capital”, Doctoral Programme in Economics, Universidade do Porto, December 2007 (on behalf of the Board of Directors of the Programme). Joaquim Carlos da Costa Pinto, “Impacto produtivo do capital público”, Phd in Economics, Universidade do Porto, March 2006 (internal examiner).

Masters Daniel Ferreira Faria, “A Liberalização da Conta de Capitais e a Performance Macroeconómica do Brasil no período 1997-2008”, Master in Economics, Faculdade de Economia da Universidade do Porto, 9 November 2009 (as supervisor). Diana Maciel Barros Lima, "A previsão de insolvências no Sistema Integrado do Crédito Agrícola Mútuo", Master in Economics, Faculdade de Economia da Universidade do Porto, 30 March 2009 (as Director of the Programme). Miguel João Figueiredo Rodrigues, “Business Cycle Synchronization between the Euro Area and the Central and Eastern European Countries member-states of the EU: a Markov-Switching Approach,” Master in Economics, Faculdade de Economia da Universidade do Porto, 27 February 2009 (as supervisor). Raquel Gomes Pereira Nunes, "Determinação de uma Taxa de Câmbio de Equilíbrio para a Economia Portuguesa", Master in Economics, Faculdade de Economia da Universidade do Porto, 7 November 2008 (as Director of the Programme). Rui Manuel Militão Lousada Leite, "Learning-by-Doing, Technology-Adoption Costs and Wage Inequality", Master in Economics, Faculdade de Economia da Universidade do Porto, 4 April 2008 (as Director of the Programme). Diana Matei, “FDI location determinants in Central and Eastern European countries”, Master in Economics, Faculdade de Economia da Universidade do Porto, 15 February 2008 (as Director of the Programme). Rui Manuel Teixeira Brites, “Modelos de regressão de transição suave: uma introdução”, Master in Applied Econometrics and Forecasting, Instituto Superior de Economia e Gestão, Lisboa, 16 February 2007 (external examiner).

Ioana Marinescu, “The Internationalization of the Portuguese Automobile Firms”, Master in Economics, Faculdade de Economia da Universidade do Porto, 4 January 2007 (as Director of the Programme). Paulo Alexandre dos Santos Ferreira, “Efeitos (as)simétricos da política monetária na Área do Euro - uma aplicação ao caso português”, Master in Economics, Faculdade de Economia da Universidade do Porto, 28 April 2006 (as Director of the Programme). Fernando Miguel Moreira dos Santos Costa, “Modelos estruturais de determinação da taxa de câmbio real - análise econométrica das taxas FEER e BEER para o dólar no período 1980-2004”, Master in Economics, Faculdade de Economia da Universidade do Porto, 21 April 2006 (as Director of the Programme). Nuno Manuel Rosa Paias Silva Carmona, “Modelação econométrica da procura de electricidade em Portugal Continental: uma aplicação empírica”, Master in Applied Econometrics and Forecasting, Instituto Superior de Economia e Gestão, Lisboa, January 2006 and 6 September 2006 (external examiner). Raquel dos Santos Ferreira, “Regras e discricionaridade na política orçamental: um estudo empírico para Portugal”, Master in Financial and Monetary Economics, Instituto Superior de Economia e Gestão, Lisboa, 24 May 2004 (external examiner). Eva I. C. Janeiro, “Transmissão monetária: resultados da aplicação de modelos VAR a Portugal e Alemanha”, Master in Financial and Monetary Economics, Instituto Superior de Economia e Gestão, Lisboa, 11 March 2004 (external examiner). Andre Radulescu, “Fiscal policy: na assessment of the Stability and Growth Pact”, Master in Economics, Faculdade de Economia da Universidade do Porto, 4 March 2004 (on behalf of the Board of Directors of the Programme).

THESES SUPERVISIONS

PhD Vítor Manuel da Costa Carvalho, “Non-keynesian effects of Fiscal Policy in a New- Keynesian Dynamic Stochastic General Equilibrium Model,” Doctoral Programme in Economics, Universidade do Porto, Faculdade de Economia (co-supervision; supervisor: Álvaro Aguiar; Approved 31 July 2009). Fabio Verona, “Asset Prices, Bubbles, and Monetary Policy in a New-Keynesian Dynamic Stochastic General Equilibrium Model,” Doctoral Programme in Economics, Universidade do Porto, Faculdade de Economia (co-supervision: Inês Drumond; ongoing).

Masters Daniel Ferreira Faria, “A Liberalização da Conta de Capitais e a Performance Macroeconómica do Brasil no período 1997-2008”, Master in Economics, Faculdade de Economia da Universidade do Porto (Approved 9 November 2009). Miguel João Figueiredo Rodrigues, “Business Cycle Synchronization between the Euro Area and the Central and Eastern European Countries member-states of the EU: a Markov-Switching Approach,” Master in Economics, Faculdade de Economia da Universidade do Porto (Approved 27 February 2009). Ricardo Fernando Silva, “Nonlinearities and Synchronization of Business Cycles: a Novel Approach,” Master in Economics, Universidade de Aveiro, Departamento de Economia, Gestão e Engenharia Industrial (Delivered November 2009). Sandra Fátima Ferreira Campos Padilha, “A União Económica e Monetária e os efeitos macroeconómicos de choques do petróleo na zona euro,” Master in Economics, Faculdade de Economia da Universidade do Porto (Delivered December 2009). Alexandra Maria Rodrigues Morão, “Relações dinâmicas entre a yield curve e variáveis macroeconómicas: o caso da Alemanha no período 1995-2008”, Master in Business Administration, Escola de Gestão do Porto, Universidade do Porto (Delivered March 2009).

SHORT-DURATION COURSES

July 2009 Macroeconomics for managers, Introductory Programme of Management for SonaeIndústria, Escola de Gestão do Porto – University of Porto Business School, Universidade do Porto , June 2009 Macroeconomics for managers, General Programme of Management for SonaeCom, Escola de Gestão do Porto – University of Porto Business School, Universidade do Porto , Nov.-Dec 2008 Macroeconomic short-term analysis, Post-graduation in Business Direction Faculdade de Economia, Universidade do Porto , Nov. 2006, Jan. 2007 Economics and Finance for Journalists, Faculdade de Economia, Universidade do Porto ,

Oct.-Dec. 2003, Oct.-Dec. 2004 Macroeconomic Theory and Policy , MBA in Finance Faculdade de Economia, Universidade do Porto ,