Category Archives: General

Prodigal Italy, Greece, Spain? A Letter to Northern Partners

Michael Haliassos presents a key dilemma in the current debate regarding the future of the Euro: to prolong support of debt refinancing to countries in the periphery, so as to signal to markets that Euro membership is a one-way street; … Continue reading

Posted in Banking and finance, Europe, General, Labour market, Macroeconomics, Press, Public finance, Public sector productivity | 1 Comment

Euro versus Drachma: A Televised Debate

On December 12, 2011, the Greek TV station ‘SKAI’ broadcast a debate between seven Greek economists on whether Greece should stay with the Euro or switch to a new Drachma. The debate was aired a second time on December 15. … Continue reading

Posted in Banking and finance, Economic development, Europe, General, Macroeconomics, Product market, Public finance | 5 Comments

Civic Capital(ism)

In a TEDx Academy talk that took place in the Benaki Museum, Athens, on October 10, 2011, Elias Papaioannou argues that the current economic crisis in Greece is driven by the lack of civic capital. Papaioannou starts his analysis reviewing … Continue reading

Posted in Economic development, Education, Europe, General, Labour market | Leave a comment

In support of the appointment of Lucas Papademos as Greek PM

We welcome the selection of Prof. Lucas Papademos as Greek Prime Minister at this most critical moment. Greece’s greatest need at this dreadful juncture is confidence in the ability of its government and its people to overcome the deep economic … Continue reading

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Greek Economists for Reform comment on Greece’s political turmoil in the foreign media

Radio interview of Yannis Ioannides at Bloomberg Radio News on Friday 4/11/2011. The interview covers the issues pertaining to the Greek crisis while the debate on the vote of confidence was going on in the Hellenic Parliament. TV interview of … Continue reading

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Feature: Greece and the Euro

The dramatic events of the past week have brought again into question Greece’s participation in the Eurozone. Will Greece manage to stay in the Eurozone or will it have to exit? Should Greece seek to exit? More generally, what are … Continue reading

Posted in Banking and finance, Europe, General, Macroeconomics | 2 Comments

To Euro or not to Euro?

In two interviews with Hurriyet Daily News (Oct. 11) and The Saint Louis Post-Dispatch (Nov.4), Costas Azariadis advocates a suspension of all interest payments on Greek debt and a return to the drachma as a stopgap measure that will buy … Continue reading

Posted in Banking and finance, Europe, General, Macroeconomics | 33 Comments

In the Greek crisis, debt is the lesser problem

Yannis Ioannides in two lectures, one given to Tufts University Alumni in Athens, September 28, 2011 (in Greek) with the title “In the Greek Crisis, The Debt is the Lesser Problem,”  and the second as part of a conference organized … Continue reading

Posted in Banking and finance, Europe, General, Labour market, Macroeconomics, Public sector productivity | Leave a comment

Congratulations to Chris Pissarides for the 2010 Nobel prize in Economics!

We wish to congratulate our colleague, friend, and co-founder of this blog, Chris Pissarides from the London School of Economics for the Nobel Prize in Economics that he received on October 11, 2010. Chris was cited by the Nobel Committee for his path-breaking work on labour markets. Together with Nobel prize co-laureates Peter Diamond from the Massachusetts Institute of Technology and Dale Mortensen from Northwestern University, they developed a new way of thinking about labour markets that emphasizes the role of search, both by workers for jobs and by employers for workers. Their work has led to a much richer understanding of labour markets, unemployment, and public policy. Continue reading

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Welcome

This blog publishes articles by leading academic economists on issues relevant to economic policy and reforms in Greece. The crisis in Greece is also a time of opportunity: ambitious reforms can be undertaken that will not only stave off bankruptcy, … Continue reading

Posted in General | Tagged | 7 Comments