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Beyond Rising Unemployment: Unemployment Risk, Crisis and Regional Adjustments in Greece

Monastiriotis, V. and Martelli, A., (2013), “Beyond Rising Unemployment: Unemployment Risk, Crisis and Regional Adjustments in Greece”, Hellenic Observatory Papers on Greece and Southeast Europe, GreeSE Paper No.80, December. The remarkable rise in unemployment in Greece has in a way overshadowed the substantial differentiation, across regions, in terms of regional unemployment and labour market adjustment. This paper examines the geography of these dynamics using probit regressions of unemployment risk and …Read More

New Evidence on the Remedies of the Greek Sovereign Debt Problem

Apergis, N. and Cooray, A., (2013), “New Evidence on the Remedies of the Greek Sovereign Debt Problem”, Hellenic Observatory Papers on Greece and Southeast Europe, GreeSE Paper No.79, November. The goal of the present paper is to investigate not only the dynamics of the Greek public debt, but also what are the appropriate measures required for achieving fiscal consolidation. The empirical estimation is carried out using a macroeconomic dataset spanning …Read More

Flat Income Tax Rates. A Fresh Start?

Karavitis, N., (2013), “Flat Income Tax Rates. A Fresh Start?”, Foundation for Economic and Industrial Research, July. The aim of the report is to contribute to the public discourse on flat income tax rates. Apart from the description of the functions, forms and effects of taxation in general, the report proceeds deeper in the analysis of the characteristics of the Greek taxation system, presenting the ongoing 2013 income tax reform. …Read More

The Greek paradox

Karamouzi, E., (2013), “The Greek paradox”. In LSE, The Crisis of EU Enlargement, London: LSE !deas. In recent years, Greece’s place in the EU has been ferociously debated as Athens’ financial and economic woes continue to trouble the stability of the euro and rattle the Eurozone markets. Contemporary press and European political elites alike engage in a seemingly endless blame game over the political origins of the Greek financial crisis. …Read More

Social Issues in Focus: New Generation Research on a Changing Greece

Fokas, Ε., Bozhilova, D., Vraniali, E., Prasopoulou E. and Chalari, A., (2013), Social Issues in Focus: New Generation Research on a Changing Greece, Athens: KERKYRA Publications SA – Economia Publishing. An LSE Collection of five papers of postdoc students of the “A.C. Laskaridis Post-Doctoral Fellowship”. The introduction of the current volume is written by Prof. Kevin Featherstone (Eleftherios Venizelos Professor of Contemporary Greek Studies and Professor of European Politics at …Read More

On graduation from fiscal procyclicality

Frankel, J., Vegh, C. and Vuletin, G., (2013), “On graduation from fiscal procyclicality”, Journal of Development Economics, 100(1):32-47. In the past, industrial countries have tended to pursue countercyclical or, at worst, acyclical fiscal policy. In sharp contrast, emerging and developing countries have followed procyclical fiscal policy, thus exacerbating the underlying business cycle. We show that, over the last decade, about a third of the developing world has been able to …Read More

State Crisis and Civil Consciousness in Greece

Marangudakis, M.,  Rontos, K. and Xenitidou, M., (2013), “State Crisis and Civil Consciousness in Greece”, Hellenic Observatory Papers on Greece and Southeast Europe, GreeSE Paper No.77, October. This is a sociological study of the self in modern Greece. Based upon a pilot study of social and political attitudes in Greece today, the study probes the sources of the moral self and of the internalized cosmological and ontological principles in Greece …Read More

Greek Fiscal Crisis and Repercussions for the Property Market

Vlamis, P., (2013), “Greek Fiscal Crisis and Repercussions for the Property Market”, Hellenic Observatory Papers on Greece and Southeast Europe, GreeSE Paper No.76, September. The aim of the paper is to present a review of the fiscal imbalances and debt crisis in Greece and identify the possible links with the recent developments in the Greek property market. We follow a non-technical approach to discuss a number of factors that have …Read More

Greece in Recession: Economic predictions, mispredictions and policy implications

Petralias, A., Petros, S. and Prodromidis, P., (2013), “Greece in Recession: Economic predictions, mispredictions and policy implications”, Hellenic Observatory Papers on Greece and Southeast Europe, GreeSE Paper No.75, September. We look into the available macroeconomic figures and the predictions made about the recession in Greece by international organizations, Greek research centers, and the Greek government; and suggest that the predictions regarding the decline in real GDP in recent years were …Read More

A Panacea for all Times? The German Stability Culture as Strategic Political Resource

Howarth, David, Rommerskirchen, Charlotte, (2013), “A Panacea for all Times? The German Stability Culture as Strategic Political Resource”, West European Politics, Vol. 36, Issue 4, August 2013, p.p. 750-770 The German Stability Culture is frequently pointed to in the literature as the source of the country’s low inflation policies and, at the European Union level, the design of Economic and Monetary Union (EMU). In Germany, the term was regularly wielded …Read More