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INFER 2021, 23rd Annual Conference

ISEG, September 8-10, 2021,

Lisbon, Portugal


Organized by

INFER – International Network for Economic Research,

UECE – Research Unit on Complexity and Economics

REM – Research in Economics and Mathematics,

ISEG – Lisbon School of Economics and Management, Universidade de Lisboa


Deadline for paper submission: June 14, 2021


Conference Objectives


The INFER Annual Conference is the main annual event of the International Network for Economic Research. The INFER Annual Conference provides a great opportunity for members and non-members of INFER alike to exchange ideas and to discuss results from recent economic research.


Conference Topics


The INFER Annual Conference is open to contributions from all areas of economic research. However, we especially encourage submissions related to the following topics:

·            Agricultural and Agri-tech economics

·            Banking and Finance

·            Bounded Rationality in Economics and Finance

·            Commodities and Financial Markets

·            Development Economics

·            Economic Asymmetries

·            Economic History and History of Economic Thought

·            Emerging Market Economies and Globalization

·            Entrepreneurship

·            Environmental Economics

·            Experimental Economics 

·            Financial and Debt Crisis

·            Financial Economics and Asset Pricing

·            Fiscal Policy and Public Finance

·            Growth and Business Cycles

·            Health and Public Policy

·            Housing Economics

·            Industrial Economics and Innovation

·            Industrial Organisation 

·            International Economics and Trade

·            Labour Economics

·            Macroeconomics and Monetary Policy

·            Public Economics, Regulation and Competition Analysis

·            Public policy and Economic inequality

·            Regional Economics and Economic Geography

·            Sport Economics and Olympic Games

·            Urban and Regional Economics 

·            Wine Economics


Keynote Speakers


Carlo Favero (Bocconi University; CEPR)

Volker Vieland (Institute for Monetary and Financial Stability, Goethe University Frankfurt)

Marco Vivarelli (Università Cattolica del Sacro Cuore)



Please access the program here.


Conference photos in here.



The Annual Conference is open to economists, including both young and experienced researchers, post-doctoral students and professionals from business, government, and nongovernmental institutions. Participants are also encouraged to organize special sessions (with the guidance of the Scientific Committee).


Special Issue

There will be a World Economy special issue on New Challenges for Economic and Financial Integration, collecting selected excellent papers presented at the INFER Annual Conference this year.



The 2021 Annual Conference is jointly organized by INFER (International Network for Economic Research) and REM (Research in Economics and Mathematics), ISEG – Lisbon School of Economics and Management of the Universidade de Lisboa.


INFER is a non-profit international scientific organization that stimulates research and research networking in all fields of economics through international workshops and conferences.



REM is a research consortium of ISEG, School of Economics and Management of the Universidade de Lisboa, founded in 2017, aggregating two research centers: CEMAPRE and UECE. REM produces theoretical and applied research, mainly in Economics and in Mathematics, and also in inter-disciplinary areas.



ISEG is one of the top prestigious and experienced business and economics schools based in Portugal, and one of the three top-ranked providers in these fields of education at undergraduate, graduate and executive training levels. Website:


Submission of Papers

Only full papers may be submitted for the INFER Annual Conference (this applies to both general sessions and special sessions). Papers must be in English and must include a cover page with the following information:

·            An abstract of up to 500 words, with JEL classification and no more than 5 keywords

·            Authors’ full name and affiliation

·            Contact details for the corresponding author, such as address, phone and e-mail


Papers should be submitted electronically as pdf-files to the Annual Conference organizers via Conference Maker at the following website:


                   Deadline for paper submission: June 14, 2021.


Authors are allowed to submit more than one paper. All submitted papers will be peer reviewed according to a quality and fast referee process. Authors will be notified whether their paper is accepted for presentation at the conference not later than June 30, 2021.


Paper presenters are expected to discuss one other paper during the conference. The discussant assignments will be made by the conference organizers at a later stage. As the conference intends to strengthen the INFER network, participation is welcome even without paper contribution.


Conference fees


Onsite event – per person 

240 EUR for INFER members  

300 EUR for non-INFER members


Online (presenting and non-presenting)  

0 EUR for INFER members  

50 EUR for non-INFER members  


Special Sessions

The conference will host a number of special sessions focusing on specific topics. These sessions may be organized by INFER scholars as well as by other conference attendees who send their proposals to the Organizing Committee. Special sessions will have discussants distributed among presenters of the same session.

The deadline for the Special Sessions submission: May 31, 2021.


Details on these special sessions (JEL codes, submission procedure, etc.) are available on the conference website:

INFER Prizes and Awards

In order to stimulate research activities by INFER members, at the INFER Annual Conference there are three prizes and awards to presenters (500 euros each):

·            Young Economist Award, to researchers younger than 32 years.

·            INFER Research Prize, to the best paper.

·            INFER Policy Research Award, to the best policy paper.


The procedure for applying to these prizes and awards will be specified in due course at the website of the INFER Annual Conference:

Publication Opportunities

The conference offers publication opportunities to the authors of research papers. In particular, the authors of high quality research papers will be invited to submit them to special issues.


The procedure for submitting the papers to these journals will be specified in due course.

Papers presented at the workshop are welcome at the INFER WP Series.


Papers presented at the workshop are also welcome to be included at REM WP Series ( Please send them after the workshop to

Registration and Registration Fee

Registration and payment until August 5, 2021.


The registration fee will be, as usual for the INFER Annual Conference, in the range of 300 euros.


The registration fee includes all lunches, drinks, social events and the Conference Dinner. It does not include travel and accommodation expenses. All participants to the conference have to register. Please note that paper submission is not regarded as a registration.


Please register and pay the registration fee on the INFER website ( Payment can be done via PayPal on the website. Note that you can use the same website to become an INFER member. You will receive a confirmation e-mail. (a few days after your registration). Alternatively, payment can be done by bank transfer (details will be listed on the conference website). If you have any questions, please contact Dr. Christian

Oberst (

Important Dates

·            Deadline for paper submission: May 31, 2021

·            Deadline for notification of paper acceptance: June 30, 2021

·            Deadline for registration and payment: July 31, 2021

·            Conference: September 8-10, 2021

Scientific Committee

Antonio Afonso (Univ of Lisbon, Portugal), Christian A. Oberst (German Economic Institute, Cologne, Germany), Pedro André Cerqueira (Univ of Coimbra, Portugal), Josep-Maria Arauzo Carod (Universitat Rovira I Virgili, Spain), Dimitrios Asteriou (Oxford Brookes University, UK), Florina-Cristina Badarau (Univ Bordeaux, France),  Sophie Brana (Univ Bordeaux, France), Inmaculada Martínez-Zarzoso (Univ of Göttingen, Germany), Usha Nair (Georgia University, USA), Christian Richter (Business School of Economics at Coventry University in Egypt); Helena Sanz-Morales (Vrije Universiteit Brussel, Belgium), Francisco Serranito (Univ Paris 13, France), Elias Soukiazis (Univ of Coimbra, Portugal), Andrea Stoian (The Bucharest University of Economic Studies, Romania), Michael Stierle (European Commission, Belgium),Kiril Tochkov (Christian University of Texas, USA), Camelia Turcu (Univ Orleans, France), Jan Van Hove (KU Leuven, Belgium), Cândida Ferreira (UECE; REM; ISEG/UL), João Jalles (UECE; REM; ISEG/UL), José Alves (UECE; REM; ISEG/UL), José Carlos Coelho (UECE; REM; ISEG/UL), Paulo Bstos (UECE; REM; ISEG/UL), Peter Claeys (Vrije Universiteit Brussel); Piotr Stanek (Cracow University of Economics), Isabel Proença (CEMAPRE; REM; ISEG/UL), Patrícia Melo (UECE; REM; ISEG/UL), Joana Pais (UECE; REM; ISEG/UL), Sandra Maximiano (UECE; REM; ISEG/UL), Luis Costa (UECE; REM; ISEG/UL), Immaculada Martinez-Zarzoso (Gottingen University), Alexandro Kontonikas (Essex Business School), Hubert Kempf (École Normale Supérieure Paris-Saclay).

Local Organization Committee

António Afonso, Chair (UECE; REM; ISEG/UL):

Cândida Ferreira (UECE; REM; ISEG/UL):

João Jalles (UECE; REM; ISEG/UL):

José Alves (UECE; REM; ISEG/UL):

José Carlos Coelho (UECE; REM; ISEG/UL):

Josep-Maria Arauzo Carod (Universitat Rovira I Virgili, Spain),

Camelia Turcu (INFER, University of Orléans):  or

Christian Oberst (INFER; German Economic Institute): or



Sandra Araújo (UECE).

Contact Information

Rua Miguel Lupi, 20, 1249-078 Lisboa, Portugal
phone: (+351) 213 925 912
fax: (+351) 213 971 196


Location and travel

The workshop takes place at the ISEG – Lisbon School of Economics and Management, Rua Miguel Lupi, 20, 1249-078 Lisboa, Portugal

The Conference will be held at the Instituto Superior de Economia e Gestao da Universidade de Lisboa. The main address is Rua do Quelhas, 6, 1200-781 Lisbon (see maps below).

All rooms are located in the Quelhas 6 building, also known as the Convento das Inglesinhas, a 17th century building overlooking the rest of the campus [lat. N38o42’35.734”, long. W9o09’27.184”].

Participants without mobility problems are advised to use the main entrance at Rua das Francesinhas [lat. N38o42’37.588”, long. W9o09’17.129”], by the Francesinhas 2 building, and climb the outdoor stairs, on the left-hand side, to Quelhas 6. Participants with mobility problems may use either the car-park entrance at Rua Miguel Lupi [lat. N38o42’39.229”, long. W9o09’21.672”] or the one at Rua do Quelhas [lat. N38o42’34.607”, long. W9o09’20.671”].


Participants are responsible for their travel and accommodation arrangements. The enrolment fee does not cover accommodation. Please make your reservations as soon as possible. A  complete  list  of  hotels  can  be  found  at  Lisbon  Official  Tourism Website:

Information on the health status requirements to enter Portugal:

Hotel suggestions:


Besides a vast array of opportunities on AirBnB, and a large number of hostels, the following is a list of hotels conference participants have used in the past. The closest areas to the conference site are Santos, Estrela, Lapa, Príncipe Real, Chiado, Bairro Alto, and Cais do Sodré.

York House Hotel Lisboa

As Janelas Verdes

Lisbon Sao Bento Hotel

Memmo Príncipe Real

Bairro Alto Hotel

Hotel da Estrela

Casa de São Mamede

Hotel Dom Carlos (Park or Liberty)


How to get from the Airport to the City

Lisbon's main airport is 10 km (6 mi) from the conference venue at ISEG - Lisbon School of Economics & Management, Universidade de Lisboa.

Taxis are the easiest way to get into the city center and are available outside the airport. The journey to city center takes about 20 minutes. All of the taxis have digital meters and must run them. The cost of getting from the airport to the (city center) is about 15 euros daytime. Most taxis do not accept credit cards. It is not necessary to tip taxi drivers. You can queue for taxis outside the arrivals exit. Transportation with Uber, Bolt and Free Now are also available in the city.

You may alternatively take the Metro (subway). It may be quicker and will certainly be cheaper. The Airport station is on the red line, taking you to Saldanha station in just 15 minutes and to the city center Baixa-Chiado station (a change of line is needed) in about 25 minutes. You can buy the one-way ticket for 1.50 euros or the daily pass for 6 euros, allowing you to use the Metro, buses, trams, funiculars, elevator and trains). Both types of ticket are issued on rechargeable cards so do not throw them away.

Lisbon Metro website:

The Metro stations closest to ISEG are either Rato (yellow line) or Cais do Sodré (green line). Then, you may prefer a nice 20 minute walk or to catch a bus. At Rato you have either 706 (heading towards Cais do Sodré) or 727 and at Cais do Sodré you have 706 (heading towards Est. Sta. Apolónia). In any case, you should leave the bus at the Assembleia da República (the Parliament) stop.

Lisbon Carris (bus, tram, funiculars and elevator)


The Santos train station, on the Lisbon-Cascais suburban line, is only a 10 minute walking away from ISEG. The 706 bus also stops there on its way from Cais do Sodré to Assembleia da República.

Tips on Travel

Visa: Non EU citizens and citizens from countries without VISA waive must require a VISA to come to Lisbon.

Money: The currency used in Portugal is Euro. Portugal has an extensive network of ATM machines and most restaurants, hotels, shops and museums accept credit cards.

Electricity: The electrical current in Portugal is 220 volts, 50 cycles alternating current (AC); wall outlets take Continental-type plugs round prongs.


About UECE

UECE – Research Unit on Complexity and Economics, it is the main economics research centre of ISEG, and a part of the consortium REM – Research in Economics and Mathematics. UECE produces research, both theoretical and applied, mainly in economics, but also in the sciences of complexity and in inter-disciplinary areas.

The main UECE goals are:

·            Promoting research on dynamical systems and on complexity, with an emphasis on economic applications, and also on other economic fields, such as game theory and macroeconomics;

·            Developing new statistical methods applied to economics;

·            Studying the consequences of dynamic, non-linear and complex systems in what concerns economic analysis and forecasting;

·            Organizing seminars, conferences and other events to disseminate scientific results;

·            Participating in international research networks and promoting participation of researchers in international congresses and conferences;

Promoting and publishing papers, working papers and other documents to stimulate research in these recent economic theory areas.


About ISEG

Founded in 1911, ISEG is a research-oriented institution, whose mission is to instruct capable business and economics students and to train the most skilled managers and mathematicians, providing each with cutting edge knowledge in the corresponding areas of interest. ISEG is one of the top prestigious and experienced business and economics schools based in Portugal, one of the three top-ranked providers in these fields of education at undergraduate, graduate and executive training levels.

ISEG distinguishes itself from its competition through a clear focus on top quality research and teaching, and through an intense relationship with the most important public and private Portuguese Institutions and Corporations as well as with the development of long-term relationships between ISEG and its alumni. Its facilities were totally renovated recently providing a top-quality and stimulating academic environment to the personal and professional development of future managers and economists.

ISEG is located in the city centre just next to the Portuguese Parliament and facing the Tejo river. It is also in walking distance of The National Museum of Ancient Art, the bearer of the most important collection of arts in Portugal.


About Lisbon


Lisbon is the capital and largest city of Portugal. It is also the seat of the district of Lisbon and capital of the Lisbon region. Its municipality has a population of 564,477 in 84.8 km2, while the Lisbon Metropolitan Area in total has around 2.8 million inhabitants. Due to its economic output, standard of living, and market size, the Grande


Lisboa (Greater Lisbon) subregion is considered the second most important financial and economic center of the Iberian Peninsula. The Lisbon region is the wealthiest region in Portugal and it is well above the European Union's GDP per capita average – it produces 45% of the Portuguese GDP. It is also the political center of the country, as seat of government and residence of the Head of State.


Lisbon was under Roman rule from 205 BC, when it was already a 1000 year old town. Julius Caesar made it a municipium called Felicitas Julia, adding to the name Olissipo. Ruled by a series of Germanic tribes from the 5th century, it was captured by Moors in the 8th century. In 1147, the Crusaders under Afonso Henriques reconquered the city for the Christians and since then it has been a major political, economic and cultural center of Portugal. Unlike most capital cities, Lisbon's status as the capital of Portugal has never been granted or confirmed officially – by statute or in written form. Its position as the capital has formed through constitutional convention, making its position as de facto capital a part of the Constitution of Portugal.


Lisbon hosts two agencies of the European Union, namely, the European Monitoring Centre for Drugs and Drug Addiction (EMCDDA) and the European Maritime Safety Agency (EMSA). The Community of Portuguese Language Countries (CPLP), is also headquartered in Lisbon.


The municipal holiday is June 13, St. Anthony's Day.