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Recent Posts
- What is the best option for Greece? Stay the course? Declare bankruptcy? Leave the Euro?
- Nicholas Economides interviewed on Bloomberg on the downgrade of Eurozone countries by S&P
- Lets take the deal and reform: we can only gain from this
- Yannis Ioannides interviewed by Bloomberg, “Taking Stock with Pimm Fox,” Thursday February 9, 2012
- Greece, the Eurozone, and the Debt Crisis
Founding members
Costas AzariadisWashington University at St. LouisHarris DellasUniversity of BernNicholas EconomidesNew York UniversityJohn GeanakoplosYale UniversityMichael Haliassos (Editor)Goethe University FrankfurtYannis Ioannides (Editor)Tufts UniversityCostas MeghirYale University and University College LondonChris PissaridesLondon School of EconomicsThanasis StengosUniversity of GuelphDimitri Vayanos (Editor)London School of EconomicsNikos VettasAthens University of Economics and BusinessOther Contributors
Michael ArghyrouUniversity of Cardiff
Jacques DelplaConseil d’Analyse Economique, Paris
Nikos GeorgantzisJaume I University and University of Granada
Dimitris HatzinikolaouUniversity of Ioannina
Chrysafis IordanoglouPanteion University
Pantelis KammasUniversity of Ioannina
Loukas KarabarbounisUniversity of Chicago
Yannis KatsoulakosAthens University of Economics and Business
Alexandros KontonikasUniversity of Glasgow
Andreas KoutrasIn Touch Capital Markets
Spyros PagratisAthens University of Economics and Business
Elias PapaioannouDartmouth College
Manolis PetrakisUniversity of Crete
Category Archives: Macroeconomics
What is the best option for Greece? Stay the course? Declare bankruptcy? Leave the Euro?
Nicholas Economides evaluates the options available to Greece: (A) accept the new agreeement with the lenders, receive €130 billion, and implement the PSI; (B) declare bankruptcy within the eurozone; and (C) decrare bankruptcy and leave the eurozone. He argues that option … Continue reading
Nicholas Economides interviewed on Bloomberg on the downgrade of Eurozone countries by S&P
S&P downgrades EU countries, Bloomberg TV interview January 13, 2012. In this interview, Nicholas Economides discusses the mass downgrade of EU countries by S&P. Although the countries’ downgrade was expected, the effect of the downgrade on the EFSF remains to … Continue reading
Lets take the deal and reform: we can only gain from this
In two articles published in Kathimerini on 12 February 2012, (a) Costas Meghir and (b) Michael Haliassos, Yannis Ioannides and Dimitri Vayanos argue that the incentives for the Eurozone to bail out Greece are waning as Italy is being shored … Continue reading
Posted in Banking and finance, Europe, Macroeconomics
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Greek Economists for Reform comment on Greece’s priorities for 2012
For its New Year’s edition, Kathimerini newspaper asked Greek Economists for Reform to propose specific actions that Greece should take in 2012 to improve its economy. Costas Azariadis and Yannis Ioannides urged Greeks to become more involved in civic society, … Continue reading
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
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
A Great Depression for Greece?
Costas Azariadis looks at the most recent “vital signs” of the Greek economy and argues that austerity measures without investment or market reform will not succeed in balancing the government budget. He finds that private economic activity has already dropped … Continue reading
Posted in Macroeconomics
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Greek wages and international competitiveness
Greece has had large external imbalances (current account, external official debt) because both the government and the households spent too much and saved too little; and spending fell disproportionately on foreign goods as the domestic goods were too expensive. This … Continue reading
Posted in Macroeconomics
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To Euro!
The article below, written by Yannis Ioannides and Chris Pissarides, is part of the ongoing discussion on this blog about the costs and benefits for Greece to continue being part of the Eurozone. The authors argue that Greece has a … Continue reading
Posted in Banking and finance, Europe, Macroeconomics, Public finance
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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