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Miguel Faria e Castro

Economic Policy Advisor

Education

Ph.D. Economics
New York University
2017

M.Res. Economics
Universidade Nova de Lisboa
2011

B.A. Economics
Universidade Nova de Lisboa
2009

Contact Info

Fax: (314) 444-8731

Research Division
Federal Reserve Bank of St. Louis
P.O. Box 442
St. Louis, MO 63166-0442

For media inquiries, contact:
Shera Dalin
mediainquiries@stls.frb.org
Phone: (314) 444-3911

Miguel Faria e Castro

Economic Policy Advisor




Review Articles

"Pandemic Labor Force Participation and Net Worth Fluctuations"
with  Samuel Jordan-Wood
Federal Reserve Bank of St. Louis Review, First Quarter 2024
https://doi.org/10.20955/r.106.40-58


Economic Synopses Articles

"“Stress Testing” Banks on Commercial Real Estate"
with  Samuel Jordan-Wood
Federal Reserve Bank of St. Louis Economic Synopses, 2023, No. 26
https://doi.org/10.20955/es.2023.26

"Commercial Real Estate: Where Are the Financial Risks?"
with  Samuel Jordan-Wood
Federal Reserve Bank of St. Louis Economic Synopses, 2023, No. 22
https://doi.org/10.20955/es.2023.22

"Loan Evergreening: Recent Evidence from the U.S."
with  Pascal Paul and Juan M. Sánchez
Federal Reserve Bank of St. Louis Economic Synopses, 2022, No. 26
https://doi.org/10.20955/es.2022.26

"Asset Returns and Labor Force Participation During COVID-19"
Federal Reserve Bank of St. Louis Economic Synopses, 2022, No. 1
https://doi.org/10.20955/es.2022.1

"The COVID Retirement Boom"
Federal Reserve Bank of St. Louis Economic Synopses, 2021, No. 25
https://doi.org/10.20955/es.2021.25

"Mortgage Forbearance and Economic Recovery from the Pandemic"
with  Olivia Wilkinson
Federal Reserve Bank of St. Louis Economic Synopses, 2021, No. 19
https://doi.org/10.20955/es.2021.19

"Is the COVID-19 Pandemic a Supply or a Demand Shock?"
with  Pedro Brinca and  Joao B. Duarte
Federal Reserve Bank of St. Louis Economic Synopses, 2020, No. 31
https://doi.org/10.20955/es.2020.31

"Fiscal Policy and COVID-19: Insights from a Quantitative Model"
Federal Reserve Bank of St. Louis Economic Synopses, 2020, No. 8
https://doi.org/10.20955/es.2020.8

"Can Countercyclical Capital Buffers Help Prevent a Financial Crisis?"
Federal Reserve Bank of St. Louis Economic Synopses, 2019, No. 15
https://doi.org/10.20955/es.2019.15

"Rising Interest Rates, the Deficit, and Public Debt"
Federal Reserve Bank of St. Louis Economic Synopses, 2018, No. 28
https://doi.org/10.20955/es.2018.28

"What Are the Fiscal Costs of a (Great) Recession?"
Federal Reserve Bank of St. Louis Economic Synopses, 2018, No. 22
https://doi.org/10.20955/es.2018.22


FRED Blog Posts

"Comparing household assets across the wealth distribution"
FRED Blog, April 4, 2024

"Federal Reserve remittances to the US Treasury"
FRED Blog, November 20, 2023

"Real returns on major asset classes since the start of the pandemic"
FRED Blog, October 27, 2022

"The dollar and euro exchange rates break even"
FRED Blog, August 4, 2022

"The declining labor force"
FRED Blog, March 10, 2022

"Household debt meets corporate debt"
FRED Blog, April 30, 2020

"Gauging returns and risk in the bond market"
FRED Blog, September 5, 2019

"Are firms too attached to bonds?"
FRED Blog, July 15, 2019

"Is the financial sector becoming more productive?"
FRED Blog, March 25, 2019

"Paying interest on excess reserves"
FRED Blog, June 18, 2018

"The cost of owing"
FRED Blog, March 26, 2018


Regional Economist Articles

"Rising Rates Impact Borrowing Costs for the U.S. Government, Too"
with  Asha Bharadwaj
Federal Reserve Bank of St. Louis The Regional Economist, Third Quarter 2018, Vol. 26, No. 3


On the Economy Blog Posts

Commercial Real Estate Exposure and Bank Stock Returns
On the Economy, April 9, 2024

The Fed’s Remittances to the Treasury: Explaining the 'Deferred Asset'
On the Economy, November 21, 2023

Excess Retirements Continue despite Ebbing COVID-19 Pandemic
On the Economy, June 22, 2023

Retirements, Net Worth, and the Fall and Rise of Labor Force Participation
On the Economy, January 5, 2023

How Changing Interest Rates Affect Variable-Rate Loans to U.S. Firms
On the Economy, August 16, 2022

The Evolution of Household Net Worth during COVID-19
On the Economy, November 18, 2021

The Comovement between Credit Spreads, Corporate Debt and Liquid Assets in Recent Crises
On the Economy, November 9, 2021

Domestic Debt Before and After the Pandemic Recession
On the Economy, September 30, 2021

Credit Spreads during the Financial Crisis and COVID-19
On the Economy, February 8, 2021

The Effects of Extra Unemployment Benefits on Household Delinquencies
On the Economy, August 18, 2020

Corporate Bond Spreads and the Pandemic IV: Liquidity Buffers
On the Economy, June 12, 2020

Corporate Bond Spreads and the Pandemic III: Variance across Sectors and Firms
On the Economy, May 11, 2020

Corporate Bond Spreads and the Pandemic II: Heterogeneity across Sectors
On the Economy, April 14, 2020

Corporate Bond Spreads and the Pandemic
On the Economy, April 9, 2020

Back-of-the-Envelope Estimates of Next Quarter’s Unemployment Rate
On the Economy, March 24, 2020

Domestic Debt Before and After the Great Recession
On the Economy, October 16, 2018

Fed Payments to Treasury and Rising Interest Rates
On the Economy, September 4, 2018

How Risky Are Government Intervention Programs?
On the Economy, August 7, 2018