???global.info.a_carregar???
João B. Duarte is Associate Professor of Economics at Nova School of Business and Economics (Nova SBE). He holds a PhD in Economics from the University of Illinois at Urbana-Champaign (2016). His research focuses on the macroeconomics of housing, monetary policy transmission, and building data infrastructure for frontier empirical research. He has published in the Journal of the European Economic Association, the Journal of Applied Econometrics, and the European Economic Review, with papers currently under Revise and Resubmit at the Journal of Political Economy, the Review of Economic Studies (2nd round), and the Journal of International Economics (2nd round). His work has been cited in the IMF World Economic Outlook, by the Federal Reserve Banks of Philadelphia (President Harker, 2023 speech) and Richmond (Macro Minute, 2024), by ECB Chief Economist Philip Lane (2023 speech), in two ECB Economic Bulletin boxes, in the BIS Bulletin and Quarterly Review, and covered in The Economist (December 2024). He has authored publications for the Federal Reserve Board (3 IFDPs + 1 FEDS Note), the ECB (WP 3165), the IMF (WP/20/108), and the Banco de Portugal. In 2024, he was awarded the ECB Lamfalussy Research Fellowship. He has supervised three PhD students to completion — placed at the Bank of England, the ECB, and Rotterdam School of Management (tenure-track) — and currently supervises four additional doctoral students at Nova SBE. He is also engaged in applied economic research with societal impact in Portugal, including the PAT 2030 Development and Territorial Cohesion report commissioned by the Portuguese government, studies on venture capital, EU structural funds, corporate taxation, and housing for Investors Portugal and the Fundação Francisco Manuel dos Santos, and sector impact assessments across multiple Portuguese industries. He has presented research at the Portuguese Parliament and participates regularly in parliamentary hearings on housing and fiscal policy, with wide media coverage in Portuguese outlets.
Identification

Personal identification

Full name
Joao Bernardo Duarte

Citation names

  • Duarte, Joao B.
  • Joao Duarte
  • Joao Bernardo Duarte

Author identifiers

Ciência ID
2C10-4B48-D445
ORCID iD
0000-0002-8860-783X
Google Scholar ID
0V7l-SgAAAAJ&hl

Knowledge fields

  • Social Sciences - Economics and Business - Economics
  • Social Sciences - Economics and Business - Economics
  • Social Sciences - Economics and Business - Economics
  • Social Sciences - Economics and Business - Economics
  • Social Sciences - Economics and Business - Econometrics
  • Social Sciences - Economics and Business - Econometrics
  • Social Sciences - Economics and Business - Economics

Languages

Language Speaking Reading Writing Listening Peer-review
Portuguese Proficiency (C2) Proficiency (C2) Proficiency (C2) Proficiency (C2)
English Proficiency (C2) Proficiency (C2) Proficiency (C2) Proficiency (C2)
French Beginner (A1) Intermediate (B1) Beginner (A1) Beginner (A1)
Spanish; Castilian Beginner (A1) Intermediate (B1) Beginner (A1) Beginner (A1)
Education
Degree Classification
2016
Concluded
Economics (Doctor of Philosophy)
University of Illinois at Urbana-Champaign, United States
"Essays in Macroeconomics and Housing" (THESIS/DISSERTATION)
n/a
2010
Concluded
Economia (Licenciatura)
Universidade Federal de Pernambuco, Brazil
"O efeito de politica monetária no spread bancário no Brasil" (THESIS/DISSERTATION)
n/a
Affiliation

Science

Category
Host institution
Employer
2016/08 - 2017/08 Postdoc (Research) University of Cambridge, United Kingdom
University of Cambridge, United Kingdom

Teaching in Higher Education

Category
Host institution
Employer
2024/07/01 - Current Associate Professor (University Teacher) NOVA University Lisbon NOVA SBE Venture Lab, Portugal
NOVA University Lisbon NOVA SBE Venture Lab, Portugal
2017/09/01 - 2024/06/30 Assistant Professor (University Teacher) Universidade Nova de Lisboa Nova School of Business and Economics, Portugal
Universidade Nova de Lisboa Unidade de Investigação Nova SBE, Portugal
Projects

Grant

Designation Funders
2024/01/01 - 2026/06/01 The Mortgage Piggy Bank, Household Saving and Wealth Inequality
SR23-00087
Principal investigator
Universidade Nova de Lisboa NOVA School of Business and Economics, Portugal
Obra Social La Caixa
Ongoing
2023/01/31 - 2024/07/31 Monetary Policy, Inflation, Housing and Inequality
2022.07354.PTDC
Co-Principal Investigator (Co-PI)
Universidade Nova de Lisboa Nova School of Business and Economics, Portugal
Fundação para a Ciência e a Tecnologia
Ongoing
2021/02/01 - 2024/01/31 Structural transfomation, Inequality and the Macroeconomy
PTDC/EGE-ECO/7620/2020
Co-Principal Investigator (Co-PI)
Universidade Nova de Lisboa, Portugal

Universidade Nova de Lisboa Nova School of Business and Economics, Portugal
Fundação para a Ciência e a Tecnologia
Ongoing
2016/11 - 2017/05 Monetary Policy, Housing and Consumption in the Euro Area
Principal investigator
University of Cambridge Faculty of Economics, United Kingdom
Keynes Fund
Concluded

Contract

Designation Funders
2016 - 2018 ADEMU (A Dynamic Economic and Monetary Union)
Post-doc Fellow
University of Cambridge Faculty of Economics, United Kingdom
European Comission
Concluded

Other

Designation Funders
2018/06 - 2019/08 Automation and the Future of Jobs in Portugal
CIP
Principal investigator
Universidade Nova de Lisboa Nova School of Business and Economics, Portugal

Confederação da Indústria Portuguesa, Portugal
Ongoing
Outputs

Publications

Journal article
  1. Joao B. Duarte; Nuno Pereira. "The effect of monetary policy on household consumption expenditures in Portugal: A decomposition of the transmission channel". Portuguese Economic Journal (2022): http://dx.doi.org/10.1007/s10258-022-00214-1.
    10.1007/s10258-022-00214-1
  2. Brinca, Pedro; Duarte, Joao B.; Faria-e-Castro, Miguel. "Measuring labor supply and demand shocks during COVID-19". European Economic Review (2021): 103901. http://dx.doi.org/10.1016/j.euroecorev.2021.103901.
    In press • 10.1016/j.euroecorev.2021.103901
  3. Corsetti, Giancarlo; Duarte, Joao B; Mann, Samuel. "One Money, Many Markets". Journal of the European Economic Association (2021): http://dx.doi.org/10.1093/jeea/jvab030.
    Accepted • 10.1093/jeea/jvab030
  4. Dias, Daniel A.; Duarte, João B.. "Monetary policy, housing rents, and inflation dynamics". Journal of Applied Econometrics (2019): http://dx.doi.org/10.1002/jae.2679.
    Accepted • 10.1002/jae.2679
  5. Buiatti, Cesare; Saenz, Felipe. "Why Is Europe Falling Behind? Structural Transformation and Services' Productivity Differences between Europe and the U.S.". SSRN Electronic Journal (2017): http://dx.doi.org/10.2139/ssrn.2942730.
    10.2139/ssrn.2942730
  6. Dias, Daniel A.; Duarte, João B.. "The Effect of Monetary Policy on Housing Tenure Choice as an Explanation for the Price Puzzle". International Finance Discussion Paper 2016 1171 (2016): 1-27. http://dx.doi.org/10.17016/ifdp.2016.1171.
    Published • 10.17016/ifdp.2016.1171
  7. Baer, W.; Dias, D.A.; Duarte, J.B.. "The economy of Portugal and the European Union: From high growth prospects to the debt crisis". Quarterly Review of Economics and Finance 53 4 (2013): 345-352. http://www.scopus.com/inward/record.url?eid=2-s2.0-84888295932&partnerID=MN8TOARS.
    10.1016/j.qref.2012.06.002
Newsletter article
  1. Duarte, Joao B.. "POLICY BRIEF: One money, many markets", ADEMU project Policy Briefs, 2018, https://ademu-project.eu/policy-brief-one-money-many-markets/.
Working paper
  1. Duarte, Joao B.. 2026. "Europe Falling Behind: Structural Transformation and Labor Productivity Growth Differences Between Europe and the U.S.".
  2. Duarte, Joao B.; Corsetti, Giancarlo; Buda, Gergely; Hansen, Stephen; Ortiz, Alvaro; Rodríguez Mora, José V. ; Rodrigo, Tomasa; et al. 2025. "The Short Lags of Monetary Policy". https://cadmus.eui.eu/bitstream/handle/1814/75403/RSC_WP_2023_22.pdf?sequence=1&isAllowed=y.
  3. Duarte, Joao B.; Brinca, Pedro; Oliveira, Joao; Hans, Holter. 2025. "Technological Change and Earnings Inequality in the U.S.: Implications for Optimal Taxation". https://mpra.ub.uni-muenchen.de/91463/.
  4. Duarte, Joao B.. 2025. "Financial Integration and the Transmission of Monetary Policy in the Euro Area". https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp3165~0b3b657c29.en.pdf.
  5. Duarte, Joao B.. 2025. "The Real and Financial Effects of Local Corporate Tax Increases: Evidence from Linked Firm-Bank Data".
  6. Duarte, Joao B.; Dias, Daniel A.. 2022. "Monetary Policy and Homeownership: Empirical Evidence, Theory, and Policy Implications". https://www.federalreserve.gov/econres/ifdp/files/ifdp1344.pdf.
  7. Duarte, Joao B.; Corsetti, Giancarlo. 2018. "One Money, Many Markets". http://www.centreformacroeconomics.ac.uk/Discussion-Papers/2018/CFMDP2018-05-Paper.pdf.
  8. Duarte, João B.; Dias, Daniel A.. 2015. "Housing and Monetary Policy in the Business Cycle: What do Housing Rents have to Say?". https://ideas.repec.org/p/jmp/jm2015/pdu385.html.
Activities

Oral presentation

Presentation title Event name
Host (Event location)
2025/06 The Short Lags of Monetary Policy NBER Summer Institute
NBER (Boston, United States)
2023 Monetary Policy and Homeownership
Federal Reserve Bank of New York (New York, United States)
2020 Measuring Labor Supply and Demand Shocks during COVID-19
National Bureau of Economic Research (NBER) (United States)

Supervision

Thesis Title
Role
Degree Subject (Type)
Institution / Organization
2021/09 - Current Essays on Monetary Policy, Productivity and Financial Integration
Supervisor
Economics (PhD)
Universidade Nova de Lisboa Nova School of Business and Economics, Portugal
2019/09 - Current Essays on Monetary Policy and Fiscal Policy
Supervisor
Economics (PhD)
Universidade Nova de Lisboa Nova School of Business and Economics, Portugal
2018/09 - Current Essays in Macroeconomics, Household Finance and Public Finance
Co-supervisor
Economics (PhD)
Universidade Nova de Lisboa Nova School of Business and Economics, Portugal
2018/01 - 2022/06 Essays on Structural Change and Inequality
Co-supervisor of Joao Barata Oliveira
Economics (PhD)
Universidade Nova de Lisboa Nova School of Business and Economics, Portugal

Event organisation

Event name
Type of event (Role)
Institution / Organization
2025 - Current Portuguese Economic Journal Annual Meeting (2025)
Conference (Member of the Organising Committee)
Universidade Nova de Lisboa NOVA School of Business and Economics, Portugal

Event participation

Activity description
Type of event
Event name
Institution / Organization
2022 - Current Portuguese Economic Journal (PEJ) Annual Meeting
Conference
Portuguese Economic Journal (PEJ) Annual Meeting
2022 - Current Singapore Economic Review Conference
Conference
Singapore Economic Review Conference
2019 - Current EEA|ESEM annual meeting
Conference
EEA|ESEM annual meeting
2017 - 2026 LuBraMacro
Workshop
LuBraMacro
2018/11 - 2018/11 Presentation.
Workshop
Bank of Italy Workshop "Assessing the performance of the Italian economy"
Banca d'Italia, Italy
2018/08 - 2018/08 Presentation.
Conference
7th Meeting LuBraMacro
2018/07 - 2018/07 Presentation.
Conference
12th Annual Meeting of the Portuguese Economic Journal
Universidade de Lisboa Instituto Superior de Economia e Gestão, Portugal
2018/05 - 2018/05 Presentation.
Conference
ADEMU closing conference
European University Institute, Italy
2015 - 2015 Presentation.
Congress
World Congress of the Econometric Society
Université de Montréal, Canada

Jury of academic degree

Topic
Role
Candidate name (Type of degree)
Institution / Organization
2025 Phd Afonso Moura
Supervisor
Afonso Moura (PhD)
Universidade Nova de Lisboa NOVA School of Business and Economics, Portugal
2021 PhD Joao Oliveira
Supervisor
Joao Oliveira (PhD)
Universidade Nova de Lisboa NOVA School of Business and Economics, Portugal
2019/01 The dynamics of Sovereign Debt in the Eurozone: A Panel VAR Analysis
Supervisor
Vanessa Barbara Schmidt (Master)
Universidade Nova de Lisboa Nova School of Business and Economics, Portugal
2019/01 A Global VAR Model for the Eurozone: Impacts of Fiscal Policy to Monetary Policy at the Zero Lower Bound
Supervisor
Davi Ferreira (Master)
Universidade Nova de Lisboa Nova School of Business and Economics, Portugal
2019/01 The Impact of ECB’s Large Scale Asset Purchases: A Proxy SVAR Approach
Supervisor
Rui Sousa (Master)
Universidade Nova de Lisboa Nova School of Business and Economics, Portugal
2018/06 Tourism In Portugal: Dynamics, Persistence & Impact
Supervisor
Joao Marinho (Master)
Universidade Nova de Lisboa Nova School of Business and Economics, Portugal
2018/01 Monetary Policy Shocks and Volatility through different Asset Classes
Supervisor
Joao Duque (Master)
Universidade Nova de Lisboa Nova School of Business and Economics, Portugal
2018/01 The Impact of Monetary Policy, and Its Surprises, on Banks' Risk-Taking
Supervisor
Joao Miguel Bravo Gaudencio (Master)
Universidade Nova de Lisboa Nova School of Business and Economics, Portugal

Ad Hoc journal article review

Journal title (ISSN) Publisher
2022 - Current Journal of Applied Econometrics
2020 - Current European Economic Review
2020 - Current Journal of International Economics
2020 - Current Journal of Economic Dynamics and Control
2020 - Current Journal of Monetary Economics
2020 - Current Journal of Money, Credit and Banking
2020 - Current Review of Economic Dynamics
2020 - Current Economic Journal
2020 - Current International Journal of Central Banking
2020 - Current The B.E. Journal of Macroeconomics
2020 - Current Portuguese Economic Journal

Conference scientific committee

Conference name Conference host
2022/08 - 2022/12 44th Meeting of the Brazilian Econometric Society Brazilian Econometric Society
2022/03 - 2022/07 15th Annual Meeting of the Portuguese Economic Journal Faculty for Agricultural and Environmental Sciences of the University of Azores

Consulting

Activity description Institution / Organization
2018 - 2019 Automation and the future of jobs in Portugal. We study the effects of automation in the Portuguese job market. In particular we estimate how many jobs will be lost, and how many will be gained, by sector and occupation. Finally, we also estimate how many workers will need to re-qualify or upgrade their skills. The preliminary outcome had a great reach to the general public, being published by 27 newspapers platforms. Confederação da Indústria Portuguesa, Portugal

Universidade Nova de Lisboa Nova School of Business and Economics, Portugal

Course / Discipline taught

Academic session Degree Subject (Type) Institution / Organization
2018/09 - 2018/12 Macroeconomics Economia (Licenciatura) Universidade Nova de Lisboa Nova School of Business and Economics, Portugal
2018/08 - 2018/08 Intro to Programming Gestão (Mestrado integrado) Universidade Nova de Lisboa Nova School of Business and Economics, Portugal
2018/06 - 2018/06 Computational Economics in Python Economics (Master) The University of Edinburgh School of Economics, United Kingdom
2018/02 - 2018/05 Macroeconometrics Economia (Mestrado integrado) Universidade Nova de Lisboa Nova School of Business and Economics, Portugal
2018/02 - 2018/05 Macroeconomics Economia (Licenciatura) Universidade Nova de Lisboa Nova School of Business and Economics, Portugal
2018/03 - 2018/03 Computational Economics in Python Economics (Doctor of Philosophy) University of Cambridge Faculty of Economics, United Kingdom
2017/09 - 2017/12 Macroeconomics Economia (Licenciatura) Universidade Nova de Lisboa Nova School of Business and Economics, Portugal
2017/02 - 2017/05 Macroeconometrics Economia (Mestrado integrado) Universidade Nova de Lisboa Nova School of Business and Economics, Portugal
2016/09 - 2016/10 Economic Growth Economics (Bachelor) University of Cambridge Faculty of Economics, United Kingdom

Evaluation committee

Activity description
Role
Institution / Organization Funding entity
2024 - 2024 Reviewer for Institute of Economics, Academia Sinica
Evaluator
Academia Sinica, Taiwan

Interview (newspaper / magazine)

Activity description Newspaper / Forum
2019/02/05 Interview with Expresso on how much it will cost to re-qualify the Portuguese workforce that will lose jobs to automation. Expresso
Distinctions

Award

2024 Lamfalussy Fellowship
European Central Bank, Germany
2015 Departmental Thesis Completion Award
University of Illinois at Urbana-Champaign, United States
2014 Paul W. Boltz fellowship
University of Illinois at Urbana-Champaign, United States
2014 Robert E. Demarest Teaching Award
University of Illinois at Urbana-Champaign, United States
2013 Paul W. Boltz fellowship
University of Illinois at Urbana-Champaign, United States
2010 Laureate in Economics
Universidade Federal de Pernambuco, Brazil