Abstract
The views in this paper are those of the authors and do not necessarily reflect the views of the Banco de Portugal. Silva thanks the hospitality of the Banco de Portugal, where he wrote part of this paper, and acknowledges financial support from Banco de Portugal, FCT, NOVA FORUM, and Nova SBE Research Unit. We acknowledge financial support from ADEMU. This work was funded by FCT Fundacao para a Ciencia e Tecnologia (FCT PTDC/IIM-ECO/4825/2012, UID/ECO/00124/2013 and Social Sciences Data Lab, Project 22209), by POR Lisboa (LISBOA-01-0145-FEDER-007722 and Social Sciences Data Lab, Project 22209) and POR Norte (Social Sciences Data Lab, Project 22209)
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