Luís A. Vinhas Catão is an economist and researcher specialized in international macroeconomics and finance, economic development, and economic history. He is associate professor in the Lisbon School of Economics and Management (currently on leave), a researcher at the Research in Economics and Mathematics (REM) unit and a fellow of the Center for Economic Policy Research (CEPR). He has been senior economist and acting deputy division chief in the research department of the International Monetary Fund (IMF). Previous appointments also include a senior economist position in the Office of the Chief Economist at the Inter-American Development Bank (IADB), an assistant professorship at the University of London, and a research fellowship in the Latin American Institute of the same University.
Dr. Catão holds a BSc in electrical engineering as well as a BA in economics (with honors) from the Federal University of Rio de Janeiro, and an MPhil and a PhD in Economics from the University of Cambridge. His research has been published in the American Economic Review, Journal of Monetary Economics, Journal of International Economics, Journal of Development Economics, among other specialized journals, and has received press coverage by The Economist, Dow Jones News, Financial Times, The Washington Post, The Herald Tribune, The Wall Street Journal, Time Magazine, Valor Econômico, and Exame.
Meeting Globalization's Challenges: Policies to Make Trade Work for All. Princeton University Press, 2019 [Joint editor with Maurice Obstfeld].
"Capital Account Liberalization and the Composition of Bank Liabilities," Journal of International Money and Finance, 116.
Default Premium, Journal of International Economics, 107, pp. 91-110. [Joint with Rui Mano]
Fiscal Discoveries and Yield Decouplings, IMF Economic Review 65(4), pp. 704-44 [Joint with Ana Fostel and Romain Rancière].
Reforms and External Balances in Southern Europe and Ireland, in Manassas, P and Katsikas, D (eds), Economic Crisis and Structural Reforms in Southern Europe, Routledge, 2018.
Recent Working Papers
"Foreign Direct Investment and Global Value Chains in Portugal," Working Papers, Fundação Francisco Manuel dos Santos, Lisboa, forthcoming.
[Joint with Pedro de Faria, António Martins and Miguel Portela]
International Financial Integration and Funding: Bank-Level Evidence from Latin America [Joint with Valeriya Dinger and Daniel Te Kaat].
Financial De-dollarization: A Global Perspective and the Peruvian Experience IMF Working paper WP 16/97 [Joint with Marco Terrones].
Work in Progress
Test-Benching Current Account Models [Joint with Allan Timmermann]
Financial Frictions and International Risk Sharing [Joint with Roberto Chang]
This time has been different: Capital Flows and Crisis Resilience in Emerging Markets [Joint with R. Bems, Z. Kóczán, W. Liam, and M. Poplawski Ribeiro]
Does Inflation Targeting Reduce Capital Flow Volatility?
Dollar Dependence, Finance and Development [Joint with Marco Terrones]
To Pay the Piper, Finance and Development [Joint with Rui Mano]
Measuring the Interest Premium for Past Default VOX-EU [Joint with Rui Mano]
External Liabilities and Crisis Risk, VOX-EU [Joint with Gian Maria Milesi-Ferretti]
Read Finance and Development’s