Teresa Lloyd-Braga, Full Professor at Universidade Católica Portuguesa (UCP), Vice-Rector of UCP (November 2016-October 2020) and Academic Director of the MSc in Economics at Catolica Lisbon School of Business and Economics (CLSBE, 2011-2017). Holds a PhD in Economics (UCP-CLSBE, Portugal, 1996) and the undergraduate degree in Economics (UCP-CLSBE, Portugal, 1981). Her main area of research is Macroeconomic Dynamics, more specifically, Endogenous Business Cycles in closed and open economies. Her main research works center around the role of market distortions and fiscal policy rules for the existence of indeterminacy and multiple equilibria.