Proa?o, C.R. & B. Lojak (2020), Animal Spirits, Risk Premia and Monetary Policy at the Zero Lower Bound, Journal of Economic Behavior and Organization, 171, 221-233. Link

Dr?ger, L. & C.R. Proa?o (2020), Cross-Border Banking and Macroprudential Policies in Asymmetric Currency Unions. Macroeconomic Dynamics, 24(2), 255-290. Link

Mateane, L. & C.R. Proa?o (2020), Does Monetary Policy React Asymmetrically to Exchange Rate Misalignments? Evidence for South Africa. Empirical Economics, 58(4), 1639-1658. Link

Strohsal, T., Proa?o, C.R. & J. Wolters (2019), Characterizing the Financial Cycle: Evidence from the Frequency Domain. Journal of Banking and Finance, 106, 568-591, Sep. Link

Strohsal, T., Proa?o, C.R. & J.Wolters (2018), Assessing the Cross-Country Interaction of Financial Cycles: Evidence from a Multivariate Spectral Analysis of the US and the UK. Empirical Economics, 57(2), 385-398. Link

Proa?o, C.R. & A. Tarassow (2018), Evaluating the Predicting Power of Ordered Probit Models for Multiple Business Cycle Phases in the U.S. and Japan. Journal of the Japanese and International Economies, 50, 60-71, Dec. Link

Charpe, M., Flaschel, P. and C.R. Proa?o (2018), Long-phased Marx-Goodwin profit- and wages queeze cycles in wage-led economies. Economic Issues, 23(1), 55-66. Link

Flaschel, P., Charpe, M., Galanis, G., C.R. Proa?o & R. Veneziani (2018), Macroeconomic and Stock Market Interactions with Endogenous Aggregate Sentiment Dynamics. Journal of Economic Dynamics and Control. 91, 237-25