Vítor Castro

Education
Dates	September 2005 – March 2009
Title of qualification awarded	PhD in Economics.
Dissertation thesis	“Growth, Cycles and Macroeconomic Policy in the European Union”.
Name of the Institution	University of Warwick (UK) – URL: http://www.warwick.ac.uk

Dates	September 1999 – January 2003
Title of qualification awarded	MsC in Economic Policy.
Dissertation thesis	“The Delay in the Implementation of Inflation Stabilization Programmes as a Result of Conflicts of Interest”.
Name of the Institution	University of Minho (Portugal) – URL: http://www.uminho.pt

Dates	September 1995 – July 1999
Title of qualification awarded	Undergraduate Degree in Economics.
Name of the Institution	University of Minho (Portugal) – URL: http://www.uminho.pt

Work experience
Dates	May 2009 – Present
Occupation or position held	Assistant Professor
Main activities and responsibilities	Teaching Calculus, Econometrics and Applied Econometrics to the undergraduate course in Economics. Teaching Intermediate Econometrics to the Master’s Course in Economics. Teaching Quantitative Methods and Statistics to the undergraduate course in Sociology.
Name and address of employer	Faculty of Economics, University of Coimbra (URL: http://www.uc.pt/feuc), Av. Dias da Silva, 165, 3004-512 Coimbra, Portugal.

Dates	January 2003 – May 2009
Occupation or position held	Assistant
Main activities and responsibilities	Teaching Mathematics, Statistics and Econometrics to the undergraduate courses in Economics and Management.
Name and address of employer	Faculty of Economics, University of Coimbra (URL: http://www.uc.pt/feuc), Av. Dias da Silva, 165, 3004-512 Coimbra, Portugal.

Dates	October 2001 – January 2003
Occupation or position held	Teaching Assistant
Main activities and responsibilities	Teaching Mathematics to the undergraduate courses in Economics and Management.
Name and address of employer	Faculty of Economics, University of Coimbra (URL: http://www.uc.pt/feuc), Av. Dias da Silva, 165, 3004-512 Coimbra, Portugal.

Dates	December 2000 – September 2001
Occupation or position held	Research Assistant
Main activities and responsibilities	Assisting in the bibliographical research and in the database construction under the project: “Timing, performance, and causes of failure of inflation stabilization plans”.
Name and address of employer	Economic Policy Research Unit (N.I.P.E.), University of Minho (URL: http://www3.eeg.uminho.pt/economia/nipe/) Campus de Gualtar, 4710-057 Braga, Portugal.

Dates	September 1999 – August 2000
Occupation or position held	Research Assistant
Main activities and responsibilities	Assisting in the bibliographical research, database construction and in the elaboration of reports under the project: “The demand for university degrees and the transition of graduate students to the labour market”.
Name and address of employer	Applied Microeconomics Research Unit (N.I.M.A.), University of Minho,Campus de Gualtar, 4710-057 Braga, Portugal.

Teaching
Academic year 2011-2012
Subject (semester)	Calculus (2º semester)
Course	Undergraduate course in Economics
No. classes and hours/week	3 classes; 6 hours/week

Subject (semester)	Econometrics (2º semester)
Course	Undergraduate course in Economics
No. classes and hours/week	3 classes; 6 hours/week

Subject (semester)	Intermediate Econometrics (1º semester)
Course	Master’s course in Economics
No. classes and hours/week	1 classes; 3 hours/week

Subject (semester)	Applied Econometrics (1º semestre)
Course	Undergraduate course in Economics
No. classes and hours/week	1 class; 2 hours/week

Subject (semester)	Quantitative Methods and Statistics (1º semester)
Course	Undergraduate course in Sociology
No. classes and hours/week	1 class; 2 hours/week

Academic year 2010-2011
Subject (semester)	Calculus (2º semester)
Course	Undergraduate course in Economics
No. classes and hours/week	3 classes; 6 hours/week

Subject (semester)	Econometrics (2º semester)
Course	Undergraduate course in Economics
No. classes and hours/week	2 classes; 4 hours/week

Subject (semester)	Intermediate Econometrics (1º semester)
Course	Master’s course in Economics
No. classes and hours/week	2 classes; 6 hours/week

Subject (semester)	Applied Econometrics (1º semestre)
Course	Undergraduate course in Economics
No. classes and hours/week	1 class; 2 hours/week

Subject (semester)	Quantitative Methods and Statistics (1º semester)
Course	Undergraduate course in Sociology
No. classes and hours/week	2 classes; 4 hours/week

*Academic year 2009-2010*
Subject (semester)	Calculus (2º semestre)
Course	Undergraduate course in Economics
No. classes and hours/week	4 classes; 8 hours/week

Subject (semester)	Econometrics (2º semester)
Course	Undergraduate course in Economics
No. classes and hours/week	2 classes; 4 hours/week

Subject (semester)	Intermediate Econometrics (1º semester)
Course	Master’s course in Economics
No. classes and hours/week	2 classes; 4 hours/week

Subject (semester)	Applied Econometrics (1º semestre)
Course	Undergraduate course in Economics
No. classes and hours/week	1 classes; 2 hours/week

Subject (semester)	Quantitative Methods and Statistics (1º semester)
Course	Undergraduate course in Sociology
No. classes and hours/week	1 class; 2 hours/week

Academic year 2008-2009
Subject (semester)	Calculus (2º semestre)
Course	Undergraduate course in Economics
No. classes and hours/week	7 classes; 14 hours/week

Subject (semester)	Econometrics (2º semester)
Course	Undergraduate course in Economics
No. classes and hours/week	2 classes; 4 hours/week

*Sep. 2005 – Jan. 2009*	On leave preparing the PhD

Academic year 2004-2005
Subject (semester)	Mathematics (2º semester)
Course	Undergraduate courses in Economics and in Management
No. classes and hours/week	3 classes; 9 hours/week

Subject (semester)	Mathematics (1º semester)
Course	Undergraduate courses in Economics and in Management
No. classes and hours/week	3 classes; 9 hours/week

*Academic year 2003-2004*
Subject (semester)	Econometrics (2º semester)
Course	Undergraduate course in Economics
No. classes and hours/week	3 classes; 6 hours/week

Subject (semester)	Statistics (2º semester)
Course	Undergraduate course in Management
No. classes and hours/week	2 classes; 6 hours/week

Subject (semester)	Statistics (1º semester)
Course	Undergraduate course in Economics
No. classes and hours/week	2 classes; 6 hours/week

Academic year 2002-2003
Subject (semester)	Mathematics (2º semester)
Course	Undergraduate courses in Economics and in Management
No. classes and hours/week	3 classes; 9 hours/week

Subject (semester)	Mathematics (1º semester)
Course	Undergraduate courses in Economics and in Management
No. classes and hours/week	3 classes; 9 hours/week

Academic year 2001-2002
Subject (semester)	Mathematics (2º semester)
Course	Undergraduate courses in Economics and in Management
No. classes and hours/week	3 classes; 9 hours/week

Subject (semester)	Mathematics (2º semester)
Course	Undergraduate courses in Economics and in Management
No. classes and hours/week	3 classes; 9 hours/week

Other activities
Dates	December 2008 – Present
Activity or position	Integrated Researcher
Institution	Economic Policies Research Unit (N.I.P.E.), University of Minho, Portugal (URL: http://www3.eeg.uminho.pt/economia/nipe/).

Dates	Julho 2009 – Present
Activity or position	Research Collaborator
Institution	Group of Financial and Monetary Studies (GEMF), Faculty of Economics, University of Coimbra, Portugal (URL: http://www4.fe.uc.pt/gemf/).

Dates	July 2003 – June 2009
Activity or position	Research Collaborator
Institution	Centre of Studies about the European Union (CEUNEUROP), Faculty of Economics, University of Coimbra, Portugal.

Dates	October 2001 – December 2008
Activity or position	Research Collaborator
Institution	Economic Policies Research Unit (N.I.P.E.), University of Minho, Portugal (URL: http://www3.eeg.uminho.pt/economia/nipe/).

Dates	January 2005 – May 2005
Activity or position	Member of the local organization of the 4^th Annual Conference of the European Economics and Finance Society on Economic and Financial Issues in an Enlarged Europe (19-22 May, 2005).
Institution	Faculty of Economics, University of Coimbra, Portugal.

Dates	October 2002 – July 2004
Activity or position	Organizer of the CEUNEUROP Seminars.
Institution	Faculty of Economics, University of Coimbra, Portugal.

Dates	December 2001 – January 2002
Activity or position	Collaboration in a Mathematics course for foreign students.
Institution	Faculty of Economics, University of Coimbra, Portugal.

Courses and training
Dates	29th June 2011 – 1tstJuly 2011
Course or training	NIPE Summer School on Duration Analysis
Lecturer	Professor Nicholas Kiefer (Cornell University, USA)
Institution providing the course	Economic Policy Research Unit (N.I.P.E.), University of Minho, Braga, Portugal

Dates	18^th March 2011 – 19^th March 2011
Course or training	GEMF Spring Course on Applied Labor Econometrics
Lecturer	Professor Thomas Lemieux (University of British Columbia, Canada)
Institution providing the course	GEMF, Faculty of Economics, University of Coimbra, Portugal

Dates	16^th June 2010 – 18^th June 2010
Course or training	NIPE Summer School on Regression Analysis with Discrete and Censored Dependent Variables
Lecturer	Professor Colin Cameron (University of California – Davis, USA)
Institution providing the course	Economic Policy Research Unit (N.I.P.E.), University of Minho, Braga, Portugal.

Dates	25^th March 2010 – 26^th March 2010
Course or training	GEMF Spring Course on Applied Time Series Econometrics
Lecturer	Professor Helmut Lütkepohl (European University Institute, Florence, Italy)
Institution providing the course	GEMF, Faculty of Economics, University of Coimbra, Portugal.

Dates	29^th June 2009 – 2^nd July 2009
Course or training	NIPE Summer School on Empirical Strategies
Lecturer	Professor Joshua Angrist (Massachusetts Institute of Technology, USA)
Institution providing the course	Economic Policy Research Unit (N.I.P.E.), University of Minho, Braga, Portugal.

Dates	30^th June 2008 – 2^nd July 2008
Course or training	NIPE Summer School on Bayesian Econometrics
Lecturer	Professor James Hamilton (University of California, USA)
Institution providing the course	Economic Policy Research Unit (N.I.P.E.), University of Minho, Braga, Portugal.

Dates	2^nd May 2007 – 4^th May 2007
Course or training	Course on Panel Time Series
Lecturer	Professor Ron Smith (Birkbeck College, London)
Institution providing the course	Centre for Microdata Methods and Practice (CEMMAP), Institute for Fiscal Studies (IFS), University College of London, London, UK.

Dates	29^th June 2006 – 30^th June 2006
Course or training	NIPE Summer School on Topics in Program Evaluation
Lecturer	Professor Jefferey M. Wooldridge (Michigan State University, USA)
Institution providing the course	Economic Policy Research Unit (N.I.P.E.), University of Minho, Braga, Portugal.

Dates	22^nd May 2005 – 25^th May 2006.
Course or training	Course on Panel Data Models
Lecturer	Professor Wiji Arulampalam (University of Warwick, UK)
Institution providing the course	Department of Economics, University of Warwick, UK.

Dates	30^th June 2005 – 1^st July 2005
Course or training	NIPE Summer School on Dynamic Panel Data Analysis
Lecturer	Professor Frank Windmeijer (University College of London, UK)
Institution providing the course	Economic Policy Research Unit (N.I.P.E.), University of Minho, Braga, Portugal.

Scientific Research
Thesis	Castro, Vítor (2008), Growth, Cycles and Macroeconomic Policy in the European Union. University of Warwick, UK. Dissertation to obtain the degree of PhD in Economics. Thesis supervised by Prof. Jennifer Smith (University of Warwick, UK) and Prof. Natalie Chen (University of Warwick, UK). Castro, Vítor (2003), The delay on the implementation of inflation stabilization programmes as a result of conflicts of interest. University of Minho, Portugal. Dissertation to obtain the Master’s degree in Economic Policy, supervised by Prof. Francisco José Veiga (University of Minho, Portugal).

Articles Published in Journals with Referee	Agnello, Luca, Castro, Vítor and Sousa, Ricardo M. (2012). How Does Fiscal Policy React to Wealth Composition and Asset Prices? Journal of Macroeconomics, forthcoming. Castro, Vitor and Martins, Rodrigo (2012). Running for office again: evidence from Portuguese municipal elections. Public Choice, forthcoming. Castro, Vitor and Sousa, Ricardo M. (2012). How Do Central Banks React to Wealth Composition and Asset Prices? Economic Modelling, 29(3), 641-653. Castro, Vítor (2012). The duration of business cycle expansions and contractions: Are there change-points in duration dependence? Empirical Economics, forthcoming. Castro, Vítor (2011). Can central banks' monetary policy be described by a linear (augmented) Taylor rule or by a nonlinear rule? Journal of Financial Stability, 7 (4), 228-246. Castro, Vítor (2011). The impact of the European Union fiscal rules on economic growth. Journal of Macroeconomics, 33(2), 313-326. Castro, Vítor (2010). The duration of economic expansions and recessions: More than duration dependence. Journal of Macroeconomics, 32 (1), 347-365. Soukiazis, Elias and Castro, Vítor (2005). 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), 385-399. Castro, Vítor and Veiga, Francisco J. (2004). “Political Business Cycles and Inflation Stabilization.” Economics Letters, 83 (1), 1-6. Cardoso, Ana Rute; Sousa, Ricardo; Castro, Vítor; and Ferreira, Priscila (2000). Profile of low-paid workers and firms in Portugal. Economia, Vol. XXIV, January-May-October, 53-66, Catholic University, Lisbon.

Working-Papers	Agnello, Luca, Castro, Vítor and Sousa, Ricardo M. (2011). How Does Fiscal Policy React to Wealth Composition and Asset Prices? NIPE Working Paper, WP 23/2011, University of Minho, Portugal (available at http://www3.eeg.uminho.pt/economia/nipe/docs/2011/NIPE_WP_23_2011.pdf). Castro, Vítor (2011). The Portuguese Stock Market Cycle: Chronology and Duration Dependence. NIPE Working Paper, WP 13/2011, University of Minho, Portugal (available at http://www3.eeg.uminho.pt/economia/nipe/docs/2011/NIPE_WP_13_2011.pdf). Castro, Vítor (2011). The Portuguese Business Cycle: Chronology and Duration Dependence. NIPE Working Paper, WP 11/2011, University of Minho, Portugal (available at http://www3.eeg.uminho.pt/economia/nipe/docs/2011/NIPE_WP_11_2011.pdf). Castro, Vítor and Martins, Rodrigo (2011). Mayors’ Reelection Choice and the Economy: Evidence from Portugal. NIPE Working Paper, WP 6/2011, University of Minho, Portugal (available at http://www3.eeg.uminho.pt/economia/nipe/docs/2011/NIPE_WP_06_2011.pdf). Castro, Vítor and Sousa, Ricardo M. (2010). "How Do Central Banks React to Wealth Composition and Asset Prices?", NIPE Working Paper, WP 26/2010, University of Minho, Portugal (available at http://www3.eeg.uminho.pt/economia/nipe/docs/2010/NIPE_WP_26_2010.pdf). Castro, Vítor (2010). The duration of business cycle expansions and contractions: Are there change-points in duration dependence? NIPE Working Paper, WP 24/2010, University of Minho, Portugal (available at http://www3.eeg.uminho.pt/economia/nipe/docs/2010/NIPE_WP_24_2010.pdf). Castro, Vítor (2008). Are Central Banks following a linear or nonlinear (augmented) Taylor rule? The Warwick Economics Research Paper Series (TWERPS), Working-Paper No. 872 (available at http://www2.warwick.ac.uk/fac/soc/economics/research/papers/). Castro, Vítor (2008). The duration of economic expansions and recessions: More than duration dependence. The Warwick Economics Research Paper Series (TWERPS), Working-Paper No. 860 (available at http://www2.warwick.ac.uk/fac/soc/economics/research/papers/). Castro, Vítor (2007). The causes of excessive deficits in the European Union. The Warwick Economics Research Paper Series (TWERPS), Working-Paper No. 805 (available at http://www2.warwick.ac.uk/fac/soc/economics/research/papers/). Castro, Vítor (2007). The impact of the European Union fiscal rules on economic growth. The Warwick Economics Research Paper Series (TWERPS), Working-Paper No. 794 (available at http://www2.warwick.ac.uk/fac/soc/economics/research/papers/). Revised and resubmitted to the Journal of Macroeconomics. Soukiazis, Elias and Castro, Vítor (2004). How the Maastricht rules affected the convergence process in the European Union: a panel data analysis. CEUNEUROP Discussion-Paper, No.24 (April), Faculty of Economics, University of Coimbra, Portugal. Castro, Vítor (2003). Causes of delays on inflation stabilization: theoretical and empirical approach. GEMF Working Paper, No. 5/2003, Faculty of Economics, University of Coimbra, Portugal (available at http://gemf.fe.uc.pt). Castro, Vítor (2003). The Impact of Conflicts of Interest on Inflation Stabilization. NIPE Working Paper, No. 8/2003, University of Minho, Portugal (available at http://www3.eeg.uminho.pt/economia/nipe/docs/2003/NIPE_WP_8_2003.pdf). Soukiazis, Elias and Castro, Vítor (2003). The Impact of the Maastricht Criteria and the Stability Pact on Growth and Unemployment in Europe. CEUNEUROP Discussion-Paper, No.15 (July), Faculty of Economics, University of Coimbra, Portugal. Castro, Vítor and Veiga, Francisco J. (2002). Political Business Cycles and Inflation Stabilization.” NIPE Working-Paper, No. 9/2002, University of Minho, Portugal (available at http://www3.eeg.uminho.pt/economia/nipe/docs/2002/NIPE_WP_9_2002.pdf).

Work in Progress	Fiscal Policy, Wealth Composition and Asset Prices (with Ricardo Sousa and Luca Agnello) Is there duration dependence in Mayors’ tenure? (with Rodrigo Martins) Sovereign Spreads: Are markets discriminating against the PIIGS? (with Maria João Delgado and Pedro Bação) Business Cycles: Chronology and Duration Dependence.

Research Interests	Macroeconomics: Economic Growth, Fiscal Policy, European Union Economy, Monetary Policy, Inflation Stabilization Econometrics: Panel Data Models, Models for Discrete Choice, Duration Models, Nonlinear Models.

Participations in Conferences and Seminars
Conference/Seminar	The 2011 Annual Meeting of the Association of Southern European Economic Theorists (ASSET)..
Venue and Date	University of Évora, Évora, Portugal; 27th-29th October 2011.
Paper presented	How does Fiscal Policy react to Wealth Composition and Asset Prices.

Conference/Seminar	The 5th Annual Meeting of the Portuguese Economic Journal (PEJ).
Venue and Date	University of Aveiro, Aveiro, Portugal; 8th-9th July 2011.
Paper presented	The Portuguese Business Cycle: Chronology and Duration Dependence.

Conference/Seminar	The 2011 Meeting of the Swiss Society of Economics and Statistics (SSES).
Venue and Date	University of Lucerne, Lucerne, Switzerland; 9th-10th June 2011.
Paper presented	How Do Central Banks React to Wealth Composition and Asset Prices?

Conference/Seminar	The 2011 Meeting of the European Public Choice Society.
Venue and Date	University of Rennes 1, Rennes, France; 28thApril-1st May 2011.
Paper presented	Mayors’ Reelection Choice and the Economy: Evidence from Portugal.

Conference/Seminar	6th Eurostat Colloquium on Modern Tools for Business Cycle Analysis.
Venue and Date	Eurostat, Luxembourg; 26-29^th September 2010.
Paper presented	The duration of business cycle expansions and contractions: Are there change-points in duration dependence?

Conference/Seminar	GEMF Seminars.
Venue and Date	Faculty of Economics, University of Coimbra; 22^nd September 2010.
Paper presented	The duration of business cycle expansions and contractions: Are there change-points in duration dependence?

Conference/Seminar	Macroeconomics Workshops.
Venue and Date	Department of Economics, University of Warwick, UK, 30^th September 2008.
Paper presented	Are central banks following a linear or nonlinear (augmented) Taylor rule?

Conference/Seminar	10^th International Network for Economic Research (INFER) Annual Conference.
Venue and Date	University of Évora, Portugal, 19^th-21^st September 2008.
Paper presented	Are central banks following a linear or nonlinear (augmented) Taylor rule?

Conference/Seminar	Macroeconomics Workshops.
Venue and Date	Department of Economics, University of Warwick, UK, 20^th May 2008.
Paper presented	The duration of economic expansions and recessions: More than duration dependence.

Conference/Seminar	International Network for Economic Research (INFER) Workshop on Integration and Globalization: Challenges for Developed and Developing Countries.
Venue and Date	Faculty of Economics, University of Coimbra, Portugal, 29^th and 30^th June 2007.
Paper presented	The impact of the European Union fiscal rules on economic growth

Conference/Seminar	Seminar to upgrade from the MPhil/PhD to a PhD in Economics.
Venue and Date	Department of Economics, University of Warwick, UK, 5^th December 2006.
Paper presented	European Union Economic Performance: The impact of the European Union fiscal policy rules on economic growth.

Conference/Seminar	Economics Seminars.
Venue and Date	Economics Department, University of Aveiro, Portugal, 7^th May 2004.
Paper presented	How the Maastricht Criteria and the Stability and Growth Pact affected the convergence process in the European Union: a panel data analysis.

Conference/Seminar	International Conference on Economic Policies in the New Millennium.
Venue and Date	Faculty of Economics, University of Coimbra, Portugal, 16^th and 17^th April 2004.
Paper presented	How the Maastricht Criteria and the Stability and Growth Pact affected the convergence process in the European Union: a panel data analysis.

Conference/Seminar	CEUNEUROP Seminars
Venue and Date	Faculty of Economics, University of Coimbra, Portugal, 28^th May 2003.
Paper presented	The Impact of the Stability Pact on Growth and Unemployment.

Conference/Seminar	Economics Seminars
Venue and Date	Economics Department, University of Aveiro, Portugal, 29^th April 2003.
Paper presented	The delay on the implementation of inflation stabilization programmes as a result of conflicts of interest.

Conference/Seminar	CEUNEUROP Seminars
Venue and Date	Faculty of Economics, University of Coimbra, Portugal, 13^th December 2002.
Paper presented	Political Business Cycles and Inflation Stabilization.

Conference/Seminar	CEUNEUROP Seminars
Venue and Date	Faculty of Economics, University of Coimbra, Portugal, 23^rd November 2001.
Paper presented	Profile of low-paid worker and firm in Portugal.

Examiner in Masters’ VIVAs
Masters (Instituition)	Financial Economics (Faculdade de Economia, Universidade de Coimbra – Feb. 2011).
Candidate’s Name	Maria João Lopes Delgado
Thesis	Sovereign spreads: Are markets discriminating against the PIGS?

Masters (Instituition)	Financial Economics (Faculdade de Economia, Universidade de Coimbra – Feb. 2010).
Candidate’s Name	Roberto Plácido Maia
Thesis	Investimento Directo Estrangeiro: Uma análise sobre a influência dos ratings soberanos.

Referee for Journals	Computational Statistics and Data Analysis; Economic Systems; Empirical Economics; Public Choice.

Personal skills and competences
Mother tongue	Portuguese

Other language(s)
Self-assessment		Understanding				Speaking				Writing
European level (*)		Listening		Reading		Spoken interaction		Spoken production
English		C2	Proficient user	C2	Proficient user	C1	Proficient user	C1	Proficient user	C2	Proficient user
French		B1	Independent user	B2	Independent user	A2	Basic user	A2	Basic user	A2	Basic user
Spanish		B2	Independent user	C1	Proficient user	A2	Basic user	A2	Basic user	A2	Basic user
	(*) Common European Framework of Reference for Languages

Other skills and competences	Experience with the econometrics packages: EVIEWS, LIMDEP, MICROFIT, GRETL, JMULTI, RATS, STATA, and TSP. Total score of 790 (percentile 89^th, maximum of 800) in the Quantitative part of the Graduate Record Examinations (GRE), September 2004. Total score of 270 (maximum of 300) in the Test of English as a Foreign Language (TOEFL), October 2004.

Additional information
Scholarships	January 2006-December 2008: Scholarship SFRH/BD/21500/2005 from the Portuguese Foundation for Science and Technology.

Awards	Academic years of 1996/1997, 1997/1998 and 1998/1999: Merit Study Award sponsored by the University of Minho to the best students of the undergraduate course in Economics at the University of Minho.