Category Archives: Macroeconomics

The euro’s leverage of competitiveness and its significance for the contrasting economic performance of Germany and Greece

Thanos Skouras, Professor Emeritus at the Athens University of Economics and Business revisits the notion of competitiveness with a view to its historical roots, draws a distinction between “essential” and “apparent” competitiveness, and applies the concepts to a discussion of Greece’s … Continue reading

Posted in General, Labour market, Macroeconomics, Political economy, Product market, Public sector productivity, Uncategorized | 2 Comments

Lower VAT can tackle tax evasion

Nikolaos Artavanis (Isenberg School of Management – UMass Amherst) argues, in a timely article given the current proposed increases in VAT, that VAT increases do not go hand in hand with tax revenue increases in the presence of tax evasion … Continue reading

Posted in Macroeconomics, Public finance | 1 Comment

The solution for the Greek sovereign debt

Nicholas Economides, Stern School of Business, NYU We are at the most critical phase of the negotiation, and it is imperative that Greece signs an agreement with the Europeans avoiding bankruptcy and the disaster of the New Drachma. The government … Continue reading

Posted in Macroeconomics, Public finance, Uncategorized | 1 Comment

Europe will benefit from Greece being given a fresh start

On January 22, 2015, the Financial Times have published a letter signed by eighteen economists, including Nobel Laureates Joseph Stiglitz and Chris Pissarides (GEfR founding member). The letter argues that Europe will benefit from Greece being given a fresh start. … Continue reading

Posted in Banking and finance, Economic development, Europe, General, Macroeconomics, Political economy, Press, Public finance, Uncategorized | Leave a comment

Grexit is now less dangerous for the Eurozone

In a full-page interview in the Greek newspaper “Kathimerini” on Sunday, January 11, 2015, Michael Haliassos describes where the Greek adjustment program of the past five years has gone wrong, and why Greece has no room for creating further uncertainties … Continue reading

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Challenges for the New Greek Government

Article of Costas Meghir (Douglas A. Warner III Professor of Economics, Yale University)   in Greek.

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How To Solve The Greek Public Debt Problem

How To Solve The Greek Public Debt Problem In an article in ESTIA, Prof. Nicholas Economides discusses how issuing new bonds and using the moneys exclusively for investment will solve the Greek sovereign debt problem. Additionally he proposes reducing interest … Continue reading

Posted in Banking and finance, Economic research, Europe, Macroeconomics, Public finance | Tagged , , , , | 1 Comment

Looking Beyond the Greek Crisis

Transcript of presentation delivered at the conference Growth and Employment in Europe Session. Panel I By Yannis M. Ioannides Megaron, Athens, May 12, 2014 Organized by Lucas Papademos Slides Introduction I want to start by comparing the evolution of Greek … Continue reading

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The Fiscal Crisis is a Crisis in Trust

The sources of the fiscal crisis have been different, but the prescribed measures amount to two: achieve budget surpluses to start reducing the size of the debt, and undertake the necessary reforms to create or boost the productive base, so … Continue reading

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Bank of Greece: Selection of New Governor

Στο άρθρο αυτό ο Ηλίας Παπαϊωάννου περιγράφει μία απλή πρόταση για την επιλογή της διοίκησης της Τράπεζας της Ελλάδος, μέσω ενός ανοικτού διεθνούς διαγωνισμού με ανεξάρτητους κριτές-αξιολογητές υπό την εποπτεία μίας ad hoc ανεξάρτητης και διεθνώς αναγνωρισμένης επιτροπής αξιολόγησης. Περισσότερα … Continue reading

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