Value innovation is the cornerstone of new market creation.
I am the Portuguese Council Chaired Professor of European Studies and Professor of Economics at INSEAD, a business school with campuses in Singapore, Abu Dhabi and Fontainebleau (France), a Senior Policy Scholar at the Center for Business and Public Policy at the McDonough School of Business (Georgetown University, USA) and a Research Fellow at the Center for Economic Policy Research (London, UK).
I have worked as an external consultant for major international organizations (IMF, World Bank, OECD, European Commission) as well as central banks (US Federal Reserve) and governments (UK government around entry decision in EMU).
My research interests are in the area of Macroeconomics with a focus on undertanding business cycles, the role of fiscal policy and the connections between volatility and growth. I am also interested in European integration and the euro. Electronic copies of some of my research papers can be downloaded in the Research section of this site.
At INSEAD I regularly teach a required course in the INSEAD MBA programme (Macroeconomics in the Global Economy) as well as different modules on macroeconomic trends, financial markets and exchange rates in Executive Education programmes.
I like to share my views on current economic trends by posting easy-to-read articles on my blog and via links in my Twitter account (below you can find samples of both). I have collected some of the recent media interviews and citations in the Press section of the site.
Getting out of a low inflation environment is proving much harder than what we thought.
Concerns about rising debt and asset prices driven by central bank liquidity are overstated.
When compared to other countries making the transition to developed economies, China’s slowdown looks normal.
Setting a higher target should move inflation expectations in the right direction and help the ECB reach that target.