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Publications

This section contains original papers written exclusively for the Crisis Observatory. The Observatory hosted three different publication series: opinion articles, policy papers, and research papers. Access to the Crisis Observatory papers is free.

Education and wage inequalities in Greece: access to higher education and its effects on income

The educational system in Greece has always been at the center of public discourse, not only for the shortcomings of its design, but also for the quality of the education offered. In this context, during the last decades, the rise in wage inequalities had led the literature to investigate the existence of a possible causal relationship between the level of education and income inequality. The present paper by Pery Bazoti examines the …Read More

Public Discourses and Attitudes in Greece during the Crisis: Framing the Role of the European Union, Germany and National Governments

The new book “Public Discourses and Attitudes in Greece during the Crisis: Framing the Role of the European Union, Germany and National Governments” edited by Dimitris Katsikas, Assistant Professor at the National and Kapodistrian University of Athens and Head of the Crisis Observatory, was published in December 2019. The book is part of Routledge’s study series “Routledge Advances in European Politics”. Based in part on  the analytical ideas, data and findings …Read More

Structural Changes in Fiscal Policy under the Crisis: Institutional Framework and Economic Outcomes

The study investigates the fiscal reforms in the areas of Public Finances Management, meaning the management of the creation, approval, and execution of the government budget as well as the reforms in the pension system and the healthcare system since these two areas proved not only to be the primary source of fiscal destabilization for Greece due to their large deficits but also stand for almost 75% of the public expenses. …Read More

Policy Brief: The European Banking Union

The decade of the economic crisis has highlighted in the most apparent way the flaws and weaknesses in the original architecture of the Economic and Monetary Union as well as the need for decisive reforms. In this effort, the European Banking Union constitutes one of the most ambitious projects of the European Union with the intention of establishing a single system of banking supervision and resolution based on a common …Read More

Reforms in Public Administration under the crisis: Overview, Description, Evaluation

The weaknesses of public administration were considered an important factor in the outburst of the recent economic crisis in Greece. In this spirit, administrative reforms were an integral part of the economic adjustment programmes, with the aim and ambition to deal with long-lasting inefficiencies. Under the adverse circumstances of budgetary contraction, public administration served as both the tool and the object of an ambitious reform agenda, the results of which …Read More

The impact of the monetary policy of the ECB on credit provision of European economies through the mortgage credit channel

The monetary authority, which in the case of the European Economic and Monetary Union (EMU) is the European Central Bank (ECB), has among other things, the obligation to determine the monetary policy, aiming to influence basic parameters of the economy like the level of prices. In this paper the author tries to identify the impact of the monetary policy of the ECB on credit provision of European economies through the …Read More

Participation of Dr. Katsikas, Head of the Crisis Observatory, in the 2nd International Conference “Europe in Discourse”

Dr. Katsikas, Head of the Crisis Observatory participated in the 2nd International Conference “Europe in Discourse”, whose headline theme for 2018 was “Agendas of Reform”. The Conference took place on September 21-23 in Athens, Greece. Dr. Katsikas organized a thematic panel on the “Framing the Crisis: Public Discourses and Attitudes on EU and Germany in Greece during the Crisis”. He also participated in the panel as a speaker; his presentation …Read More

“Structural Reforms in Greece during the Crisis: 2010-2014. Overview, Evaluation and Policy Proposals”

A new report entitled “Structural Reforms in Greece during the Crisis: 2010-2014. Overview, Evaluation and Policy Proposals”, has just been published by the Crisis Observatory. The report is the outcome of the research programme “The Political Economy of Structural Reforms in Greece”, which was assigned to the Crisis Observatory by the Bank of Greece. The report was coordinated and edited by Dimitris Katsikas (Head of the Crisis Observatory). The researchers …Read More

Greek Crisis: The End Game and Beyond

The three main protagonists in the Greek economic crisis, the Greek government, the IMF and the Eurozone partners ignored known lessons of how to deal with debt problems and committed policy errors that unnecessarily prolonged the crisis. This short note by Constantine Michalopoulos discusses the options for debt relief and restoration of creditworthiness at the end of the third bailout, which is soon approaching, and makes recommendations for Greek government …Read More

Employment protection legislation (EPL) in Greece (2010-2017)

The present article by Dr. Giannis Dendrinos aims at offering a critical overview of the major institutional initiatives in the field of employment protection legislation (EPL) during the recent economic adjustment programs in Greece (2010-2017). Furthermore, in the context of the European debate about the role and impact of employment protection legislation, the article investigates if these reforms constitute a well defined change of labour protection model in Greece as …Read More