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Vitor Castro (BSc, MSc, PhD) is Associate Professor / Reader in Economics at Loughborough Business School, Loughborough University (UK) with expertise in Macroeconomics and Applied Econometrics. He is also a Research Collaborator at the Centre for Research in Economics and Management (NIPE) , University of Minho (Portugal), Research Collaborator at the Centre for Business and Economic Research (CeBER), University of Coimbra (Portugal), and Member of the Digital Decarbonisation Team at Loughborough University (UK). Before joining Loughborough University in 2016, Vitor was Teaching Assistant (2001-2009) and Assistant Professor (2009-2016) at the Faculty of Economics of the University of Coimbra (Portugal) and a Visiting Scholar at the University of Cambridge, UK (2015-2016). Vitor has a BSc in Economics (1999) and an MSc in Economic Policy (2003) from University of Minho (Portugal) and a PhD in Economics from the University of Warwick, UK (2009). He has a distinctive record of publications in leading academic journals in Economics and Finance and he is currently Associate Editor of the journal Economic Modelling.
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Identification

Personal identification

Full name
Vitor Manuel Alves Queiroz de Castro

Citation names

  • Castro, Vitor

Author identifiers

Ciência ID
2E1A-C8A4-19A7
ORCID iD
0000-0002-6426-6663

Email addresses

  • v.m.q.castro@lboro.ac.uk (Professional)

Telephones

Telephone
  • (+44) 1509222706 (Professional)

Addresses

  • Loughborough Business School, Loughborough University, LE11 3TU, Loughborough, Leicestershire, United Kingdom (Professional)

Websites

Knowledge fields

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

Languages

Language Speaking Reading Writing Listening Peer-review
Portuguese Advanced (C1) Advanced (C1) Advanced (C1) Advanced (C1)
English Advanced (C1) Advanced (C1) Advanced (C1) Advanced (C1)
French Beginner (A1) Intermediate (B1) Beginner (A1) Beginner (A1)
Spanish; Castilian Beginner (A1) Intermediate (B1) Beginner (A1) Beginner (A1)
Education
Degree Classification
2009/03/09
Concluded
 PhD in Economics (Doctor of Philosophy)
University of Warwick, United Kingdom
"Growth, Cycles and Macroeconomic Policy in the European Union" (THESIS/DISSERTATION)
2003/01/15
Concluded
 Mestrado em Política Económica (Mestrado)
Universidade do Minho Escola de Economia e Gestão, Portugal
"O Atraso na Implementação de Programas de Estabilização da Inflação" (THESIS/DISSERTATION)
1999/07/31
Concluded
 Licenciatura em Economia (Licenciatura)
Universidade do Minho Escola de Economia e Gestão, Portugal
"Licenciatura em Economia" (THESIS/DISSERTATION)
Affiliation

Teaching in Higher Education

Category
Host institution 		Employer
2016/12/01 - Current Associate Professor (University Teacher) Loughborough University School of Business and Economics, United Kingdom
2009/05/09 - 2016/11/30 Assistant Professor (University Teacher) Universidade de Coimbra Faculdade de Economia, Portugal
2003/01/16 - 2009/05/08 Assistant (University Teacher) Universidade de Coimbra Faculdade de Economia, Portugal
2001/10/08 - 2003/01/15 Trainee Assistant (University Teacher) Universidade de Coimbra Faculdade de Economia, Portugal

Others

Category
Host institution 		Employer
2000/12/02 - 2001/09/30 Bolseiro/Técnico de Investigação Universidade do Minho Núcleo de Investigação em Políticas Económicas, Portugal
1999/09/01 - 2000/08/31 Bolseiro/Assistente de Investigação Universidade do Minho Núcleo de Investigação em Microeconomia Aplicada, Portugal
Projects

Grant

Designation Funders
2024/10/01 - Current Measuring the Digital Carbon Footprint and the role of reusing and sharing machine-learned knowledge towards energy efficient AI ecosystems
NA
Supervisor
Loughborough University, United Kingdom
Ongoing
2018/07/01 - 2021/06/30 Causes, timing and consequences of financial crises.
NA
Supervisor
Loughborough University, United Kingdom
Concluded
2015/09/01 - 2016/08/31 The role of public spending components on political business cycles and fiscal consolidations.
SFRH/BSAB/113588/2015
Principal investigator
Fundação para a Ciência e a Tecnologia
Concluded
2006/01/01 - 2008/12/31 Growth, Cycles and Macroeconomic Policy in the European Union.
SFRH/BD/21500/2005
PhD Student Fellow
Fundação para a Ciência e a Tecnologia
Concluded
Outputs

Publications

Book
  1. Castro, Vitor; Murteira, José. Introdução à Econometria. Portugal: Almedina. 2018.
    Published
  2. Castro, Vitor; Murteira, José. Introdução à Econometria - Exercícios Resolvidos. Portugal: Almedina. 2018.
    Published
Journal article
  1. Vítor Castro; Pedro A. Cerqueira; Rodrigo Martins. "Is There a Pervasive World Real Credit Cycle?". Open Economies Review (2024): https://doi.org/10.1007/s11079-023-09719-4.
    10.1007/s11079-023-09719-4
  2. Thaer Alhalabi; Vítor Castro; Justine Wood. "Bank dividend payout policy and debt seniority: Evidence from US Banks". Financial Markets, Institutions & Instruments (2023): https://doi.org/10.1111/fmii.12183.
    10.1111/fmii.12183
  3. Thanh Cong Nguyen; Vítor Castro; Justine Wood. "The impact of financial crises on social spending: Delving into the effects in developed and developing countries". International Journal of Finance & Economics (2023): https://doi.org/10.1002/ijfe.2901.
    10.1002/ijfe.2901
  4. George Koutsoumanis; Vítor Castro. "The duration of acceleration cycle downturns: duration dependence, international dynamics and synchronisation". Empirical Economics (2023): https://doi.org/10.1007/s00181-022-02299-1.
    10.1007/s00181-022-02299-1
  5. Luca Agnello; Vítor Castro; Ricardo M. Sousa. "A quest between fiscal and market discipline". Economic Modelling (2023): https://doi.org/10.1016/j.econmod.2022.106119.
    10.1016/j.econmod.2022.106119
  6. Thanh Cong Nguyen; Vítor Castro; Justine Wood. "A new comprehensive database of financial crises: Identification, frequency, and duration". Economic Modelling 108 (2022): 105770-105770. https://doi.org/10.1016/j.econmod.2022.105770.
    10.1016/j.econmod.2022.105770
  7. Vítor Castro; Rodrigo Martins. "What drives the duration of credit booms?". International Journal of Finance & Economics (2021): https://doi.org/10.1002/ijfe.1862.
    10.1002/ijfe.1862
  8. Thaer Alhalabi; Vitor Castro; Justine Wood. "The relationship between excessive lending, risk premium and risk-taking : Evidence from European banks". International Journal of Finance & Economics (2021): https://doi.org/10.1002/ijfe.2430.
    10.1002/ijfe.2430
  9. Vítor Castro; Rodrigo Martins. "Why are credit booms sometimes sweet and sometimes sour?". International Journal of Finance & Economics (2020): https://doi.org/10.1002/ijfe.1950.
    10.1002/ijfe.1950
  10. Thanh C. Nguyen; Vítor Castro; Justine Wood. "Political environment and financial crises". International Journal of Finance & Economics (2020): https://doi.org/10.1002/ijfe.2160.
    10.1002/ijfe.2160
  11. Vítor Castro; Rodrigo Martins. "The collapse of credit booms: a competing risks analysis". Journal of Economic Studies 47 6 (2020): 1437-1465. https://doi.org/10.1108/JES-04-2019-0196.
    10.1108/JES-04-2019-0196
  12. Vítor Castro; Rodrigo Martins. "Riding the Wave of Credit: Are Longer Expansions Really a Bad Omen?". Open Economies Review (2019): https://doi.org/10.1007/s11079-019-09570-6.
    10.1007/s11079-019-09570-6
  13. Luca Agnello; Vitor Castro; Fredj Jawadi; Ricardo M. Sousa. "How does monetary policy respond to the dynamics of the shadow banking sector?". International Journal of Finance & Economics (2019): https://doi.org/10.1002/ijfe.1748.
    10.1002/ijfe.1748
  14. Luca Agnello; Vitor Castro; Gilles Dufrénot; Fredj Jawadi; Ricardo M. Sousa. "Unconventional monetary policy reaction functions: evidence from the US". Studies in Nonlinear Dynamics & Econometrics (2019): https://doi.org/10.1515/snde-2018-0088.
    10.1515/snde-2018-0088
  15. Luca Agnello; Vítor Castro; Ricardo M. Sousa. "A Competing Risks Tale on Successful and Unsuccessful Fiscal Consolidations". Journal of International Financial Markets, Institutions and Money (2019): 101148-101148. https://doi.org/10.1016/j.intfin.2019.101148.
    10.1016/j.intfin.2019.101148
  16. Vítor Castro; Rodrigo Martins. "Political and Institutional Determinants of Credit Booms". Oxford Bulletin of Economics and Statistics (2019): https://doi.org/10.1111/obes.12290.
    10.1111/obes.12290
  17. Luca Agnello; Vitor Castro; Ricardo M. Sousa. "The Housing Cycle: What Role for Mortgage Market Development and Housing Finance?". The Journal of Real Estate Finance and Economics (2019): https://doi.org/10.1007/s11146-019-09705-z.
    10.1007/s11146-019-09705-z
  18. AGNELLO, LUCA; CASTRO, VÍTOR; SOUSA, RICARDO M.. "The Legacy and the Tyranny of Time: Exit and Re-Entry of Sovereigns to International Capital Markets". Journal of Money, Credit and Banking 50 8 (2018): 1969-1994. http://dx.doi.org/10.1111/jmcb.12474.
    10.1111/jmcb.12474
  19. Luca Agnello; Vitor Castro; João Tovar Jalles; Ricardo M. Sousa. "The Impact of Fiscal Consolidation on Human Development". Journal of International Development (2018): https://doi.org/10.1002/jid.3309.
    10.1002/jid.3309
  20. Vítor Castro. "Functional components of public expenditure, fiscal consolidations, and economic activity". Economics & Politics (2018): https://doi.org/10.1111/ecpo.12104.
    10.1111/ecpo.12104
  21. Vitor Castro. "Pure, White and Deadly… Expensive: A Bitter Sweetness in Health Care Expenditure". Health Economics 26 12 (2017): 1644-1666. https://doi.org/10.1002/hec.3462.
    10.1002/hec.3462
  22. Agnello, L.; Castro, V.; Jalles, J.T.; Sousa, R.M.. "Financial stress and sovereign debt composition". Applied Economics Letters 23 9 (2016): 678-683. http://www.scopus.com/inward/record.url?eid=2-s2.0-84961206040&partnerID=MN8TOARS.
    10.1080/13504851.2015.1100241
  23. Agnello, L.; Castro, V.; Jalles, J.T.; Sousa, R.M.. "Income inequality, fiscal stimuli and political (in)stability". International Tax and Public Finance (2016): 1-28. http://www.scopus.com/inward/record.url?eid=2-s2.0-84994226537&partnerID=MN8TOARS.
    10.1007/s10797-016-9428-x
  24. Castro, V.; Martins, R.. "Are there political cycles hidden inside government expenditures?". Applied Economics Letters 23 1 (2016): 34-37. http://www.scopus.com/inward/record.url?eid=2-s2.0-84944159951&partnerID=MN8TOARS.
    10.1080/13504851.2015.1047084
  25. Agnello, L.; Castro, V.; Jalles, J.T.; Sousa, R.M.. "Fiscal consolidation and financial reforms". Applied Economics 47 34-35 (2015): 3740-3755. http://www.scopus.com/inward/record.url?eid=2-s2.0-84929032069&partnerID=MN8TOARS.
    10.1080/00036846.2015.1021457
  26. Agnello, L.; Castro, V.; Jalles, J.T.; Sousa, R.M.. "What determines the likelihood of structural reforms?". European Journal of Political Economy 37 (2015): 129-145. http://www.scopus.com/inward/record.url?eid=2-s2.0-84911904065&partnerID=MN8TOARS.
    10.1016/j.ejpoleco.2014.10.007
  27. Agnello, L.; Castro, V.; Sousa, R.M.. "Booms, Busts, and Normal Times in the Housing Market". Journal of Business and Economic Statistics 33 1 (2015): 25-45. http://www.scopus.com/inward/record.url?eid=2-s2.0-84921913689&partnerID=MN8TOARS.
    10.1080/07350015.2014.918545
  28. Agnello, L.; Castro, V.; Sousa, R.M.. "Is fiscal fatigue a threat to consolidation programmes?". Environment and Planning C: Government and Policy 33 4 (2015): 765-779. http://www.scopus.com/inward/record.url?eid=2-s2.0-84949982928&partnerID=MN8TOARS.
    10.1177/0263774X15597391
  29. Castro, V.. "The Portuguese business cycle: chronology and duration dependence". Empirical Economics 49 1 (2015): 325-342. http://www.scopus.com/inward/record.url?eid=2-s2.0-84937434535&partnerID=MN8TOARS.
    10.1007/s00181-014-0860-4
  30. Agnello, L.; Castro, V.; Jalles, J.T.; Sousa, R.M.. "Do debt crises boost financial reforms?". Applied Economics Letters 22 5 (2015): 356-360. http://www.scopus.com/inward/record.url?eid=2-s2.0-84918821692&partnerID=MN8TOARS.
    10.1080/13504851.2014.943878
  31. Agnello, L.; Castro, V.; Tovar Jalles, J.; Sousa, R.M.. "Fiscal adjustments, labour market flexibility and unemployment". Economics Letters 124 2 (2014): 231-235. http://www.scopus.com/inward/record.url?eid=2-s2.0-84902354850&partnerID=MN8TOARS.
    10.1016/j.econlet.2014.05.029
  32. Agnello, L.; Castro, V.; Sousa, R.M.. "What determines the duration of a fiscal consolidation program?". Journal of International Money and Finance 37 (2013): 113-134. http://www.scopus.com/inward/record.url?eid=2-s2.0-84880390033&partnerID=MN8TOARS.
    10.1016/j.jimonfin.2013.05.012
  33. Castro, V.. "The duration of business cycle expansions and contractions: Are there change-points in duration dependence?". Empirical Economics 44 2 (2013): 511-544. http://www.scopus.com/inward/record.url?eid=2-s2.0-84875224114&partnerID=MN8TOARS.
    10.1007/s00181-011-0544-2
  34. Castro, V.; Martins, R.. "Running for office again: Evidence from Portuguese municipal elections". Public Choice 156 3-4 (2013): 677-702. http://www.scopus.com/inward/record.url?eid=2-s2.0-84880511697&partnerID=MN8TOARS.
    10.1007/s11127-012-9922-3
  35. Castro, V.. "Macroeconomic determinants of the credit risk in the banking system: The case of the GIPSI". Economic Modelling 31 1 (2013): 672-683. http://www.scopus.com/inward/record.url?eid=2-s2.0-84873573416&partnerID=MN8TOARS.
    10.1016/j.econmod.2013.01.027
  36. Castro, V.; Martins, R.. "Is there duration dependence in Portuguese local governments' tenure?". European Journal of Political Economy 31 (2013): 26-39. http://www.scopus.com/inward/record.url?eid=2-s2.0-84876730729&partnerID=MN8TOARS.
    10.1016/j.ejpoleco.2013.03.004
  37. Agnello, L.; Castro, V.; Sousa, R.M.. "How does fiscal policy react to wealth composition and asset prices?". Journal of Macroeconomics 34 3 (2012): 874-890. http://www.scopus.com/inward/record.url?eid=2-s2.0-84865283310&partnerID=MN8TOARS.
    10.1016/j.jmacro.2012.04.001
  38. Castro, V.; Sousa, R.M.. "How do central banks react to wealth composition and asset prices?". Economic Modelling 29 3 (2012): 641-653. http://www.scopus.com/inward/record.url?eid=2-s2.0-84858724625&partnerID=MN8TOARS.
    10.1016/j.econmod.2012.01.006
  39. Castro, V.. "The impact of the European Union fiscal rules on economic growth". Journal of Macroeconomics 33 2 (2011): 313-326. http://www.scopus.com/inward/record.url?eid=2-s2.0-79953057037&partnerID=MN8TOARS.
    10.1016/j.jmacro.2010.09.003
  40. Castro, V.. "Can central banks' monetary policy be described by a linear (augmented) Taylor rule or by a nonlinear rule?". Journal of Financial Stability 7 4 (2011): 228-246. http://www.scopus.com/inward/record.url?eid=2-s2.0-80051908279&partnerID=MN8TOARS.
    10.1016/j.jfs.2010.06.002
  41. Castro, V.. "The duration of economic expansions and recessions: More than duration dependence". Journal of Macroeconomics 32 1 (2010): 347-365. http://www.scopus.com/inward/record.url?eid=2-s2.0-76349103965&partnerID=MN8TOARS.
    10.1016/j.jmacro.2009.06.006
  42. Soukiazis, E.; Castro, V.. "How the Maastricht criteria and the Stability and Growth Pact affected real convergence in the European union a panel data analysis". Journal of Policy Modeling 27 3 (2005): 385-399. http://www.scopus.com/inward/record.url?eid=2-s2.0-19044365020&partnerID=MN8TOARS.
    10.1016/j.jpolmod.2005.01.002
  43. Castro, V.; Veiga, F.J.. "Political business cycles and inflation stabilization". Economics Letters 83 1 (2004): 1-6. http://www.scopus.com/inward/record.url?eid=2-s2.0-1342311690&partnerID=MN8TOARS.
    10.1016/j.econlet.2003.07.016
Distinctions

Award

2019 Prémio Pedro Pita Barros 2018