António Afonso

António Afonso is a Full Professor at the School of Economics and Management (ISEG), University of Lisbon. His research focuses on fiscal policy, monetary economics, and public finance, with a particular emphasis on sovereign risk, fiscal sustainability, and macroeconomic dynamics. He has held leadership roles in academic programs, including coordinating the Master in Monetary and Financial Economics. His work spans empirical analyses of policy interactions, debt dynamics, and institutional impacts on economic outcomes.

Key research areas include the interplay between fiscal and monetary policies in the Eurozone, the effects of geopolitical risks on government debt markets, and the determinants of fiscal sustainability across countries. He has published extensively in top journals such as the Journal of International Money and Finance and Economic Change and Restructuring, addressing topics like energy price volatility, unemployment trends, and financial inclusion in developing economies.

• Teaching: Courses include Advanced Macroeconomics, Public Finance, and Monetary Policy Analysis.
• Labs/Teams: Active in ISEG's research units: Data Lab, Futures Lab, Policy Lab, and XLAB.

Prof. Afonso has supervised over 30 Ph.D. and Master’s students, guiding research on fiscal consolidation, sovereign credit ratings, and the macroeconomic effects of unconventional monetary policies. His work frequently highlights the importance of institutional design and policy coordination in achieving sustainable economic outcomes.