Monokroussos, P. (2014) “Full coverage of projected financing gap possible up to at least 2020, without recourse to a new aid package from official lender“, Greece Macro Monitor, Eurobank Global Markets Research, 18 June. In their latest reviews of Greece’s economic adjustment programs, both the European Commission and the IMF project a financing gap in the general government accounts to arise in the second semester of next year, amounting …Read More
Responding to the Unemployment Challenge, a Job Guarantee Proposal for Greece
Antonopoulos, R. Adam, S., Kim, K., Masterson, T. & Papadimitriou, D. (2014) “Responding to the Unemployment Challenge, a Job Guarantee Proposal for Greece“, Research Project Report, Levy Economics Institute, Απρίλιος. This report presents the findings from a study undertaken by the Levy Institute in 2013 in collaboration with the Observatory of Economic and Social Developments of the Labour Institute of the Greek General Confederation of Labour. It uses as …Read More
European Economy: The Puzzle of the Missing Greek Exports
Böwer, U., Michou, V. & Ungerer, C. (2014) “European Economy: The Puzzle of the Missing Greek Exports“, Economic Papers 518, European Commission, June 2014. Why is Greece such a surprisingly closed economy? We employ a gravity model of trade to explain the appallingly poor export performance of Greece and argue that weak institutional quality accounts for a large part of this shortfall. Using a rich dataset of bilateral value-added …Read More
Party Euroscepticism in Greece during the Financial Crisis, the Cases of SYRIZA and Chrysi Avgi
Zikos, A. (2013) “Party Euroscepticism in Greece during the Financial Crisis, the Cases of SYRIZA and Chrysi Avgi”, National and Kapodestrian University of Athens, June. The study at hand deals with the issue of Greek parties’ Euroscepticism during the period of the financial crisis. Through the case studies of SYRIZA and Chrysi-Avgi, i.e. two parties with diametrically different positions with regard to the integration of Europe and not only, …Read More
Greece Taps The Market
Horne, J. P. (2014) “Greece Taps The Market“, The European Institute. The Greek government borrowed on the international bond market last week, the first time in over four years.[1] The bond issue comes just five years after Greece’s severe economic and financial crisis had become an existential threat to the euro itself. The fact that Greece was able to borrow €3 billion for five years at 4.75%, with orders …Read More
Is Deflation a Risk for Greece?
Anastasatos, T. & Stamatiou, T. (2014) “Is Deflation a Risk for Greece?, Economy and Markets, Eurobank Research, Vol. IX, Issue 3, April. Deflation is the occurrence of negative inflation, i.e. the situation in which prices of goods and services are falling in an economy. By contrast, disinflation is a slow-down in the inflation rate. In technical terms, deflation is considered to have occurred when CPI or the GDP deflator …Read More
The Informal Welfare State and the Family: Invisible Actors in the Greek Drama
Lyberaki, A. & Tinios, P. (2014) “The Informal Welfare State and the Family: Invisible Actors in the Greek Drama“. Political Studies Review, 12: 193–208. Are European welfare states, especially in the European periphery, ‘fair-weather systems’? Can they survive a sustained and deep crisis and still fulfil basic functions? This article argues that to answer these questions we must look at the interplay between ‘formal’ and ‘informal’, family-based, social protection. Social …Read More
Poverty and Inequality during the Great Recession in Greece
Matsaganis, M. & Leventi, C. (2014) “Poverty and Inequality during the Great Recession in Greece“. Political Studies Review, 12: 209–223. The severe economic crisis that has been affecting Greece since 2009 is having an unprecedented impact in terms of job and income losses, and is widely perceived to have a comparably significant effect in terms of greater inequality and increased poverty. This article provides an early assessment of whether (and …Read More
Southern Europe is suspicious: the evolution of trust in the EU
Bowles, J. (2014) “Southern Europe is suspicious: the evolution of trust in the EU“, Bruegel Think Tank, 14 May. Analysis of the eurozone crisis and its consequences has started to consider its social, as well as political and economic, dimensions. Bruegel analysis, for example, has considered distributional challenges, effects on poverty levels, social security systems, and changes in confidence towards political institutions. Academic economic research into the significance of …Read More
Fiscal multiplier, automatic stabilizers and public debt: A simulation exercise for Greece
Monokroussos, P. (2014) “Fiscal multiplier, automatic stabilizers and public debt: A simulation exercise for Greece“, Greece Macro Monitor, Eurobank Global Markets Research, 12 May. While a vast volume of theoretical and empirical work exists on the effects of fiscal policy on economic activity, the feedback effect from growth to fiscal aggregates, and in particular to government debt, has received less attention. This issue is becoming increasingly important in this …Read More