Browsing by Author "Zachariadis, Marios"

Now showing items 1-20 of 47

    • Article  

      Barriers to price convergence 

      Glushenkova, Marina; Kourtellos, Andros; Zachariadis, Marios (Wiley, 2018)
      This paper uncovers novel empirical patterns in the cross-country price mechanism using a nonlinear factor model and threshold regression analysis based on individual goods retail price data for a large panel of countries. ...
    • Article  

      Consumers’ updating and policy shocks: An empirical assessment of state dependencies 

      Geiger, Martin; Zachariadis, Marios (Cambridge University Press, 2022-12)
      We assess the impact of fiscal and monetary policy shocks on US survey-based consumer expectations within states of low and high public debt. Following an unexpected increase in government spending, consumption intentions ...
    • Article  

      A contribution to the empirics of welfare growth 

      Vrachimis, Konstantinos; Zachariadis, Marios (2013)
      This paper compares the determinants of economic growth and 'full' income growth. Our main result is that determinants may differ or have very different impact on welfare outcomes as compared to economic outcomes. Human ...
    • Article  

      A contribution to the empirics of welfare growth 

      Vrachimis, Konstantinos; Zachariadis, Marios (2010)
      This paper compares the determinants of economic growth and welfare growth. Our main result is that determinants may differ or have different impact on welfare outcomes as compared to economic outcomes. Human capital ...
    • Article  

      Cypriot LOP deviations before and after the Euro 

      Glushenkova, Marina; Zachariadis, Marios (2014)
      Did Cyprus become more integrated with Europe after adopting the euro? How did this process affect its prices relative to its European partners? Does the degree of integration relative to European Union (EU) economies ...
    • Article  

      Education Externalities on Longevity 

      Ricci, Francesco; Zachariadis, Marios (2013)
      We argue that education exerts positive external effects on health, beyond the standard internal effects documented in the literature. We implement an innovative approach to control for endogeneity and omitted variables ...
    • Article  

      Firms’ expectations and monetary policy shocks in the euro area 

      Eminidou, Snezana; Zachariadis, Marios (Elsevier, 2022-04)
      We investigate the impact of monetary policy shocks on firms’ selling price and production expectations utilizing a proxy structural vector autoregressive (SVAR) model for ten euro area economies during the period from ...
    • Article  

      Global versus local shocks in micro price dynamics 

      Andrade, Philippe; Zachariadis, Marios (2016)
      A number of recent papers point to the importance of distinguishing between the price reaction to macro and micro shocks. We emphasize instead the importance of distinguishing between global and local shocks. We exploit a ...
    • Working Paper  

      Global versus local shocks in micro price dynamics 

      Andrade, Philippe; Zachariadis, Marios (2012)
      A number of recent papers point to the importance of distinguishing between the price reaction to micro and macro shocks in order to reconcile the volatility of individual prices with the observed persistence of aggregate ...
    • Working Paper  

      Global versus local shocks in micro price dynamics 

      Andrade, Philippe; Zachariadis, Marios (2011)
      A number of recent papers point to the importance of distinguishing between the price reaction to micro and macro shocks in order to reconcile the volatility of individual prices with the observed persistence of aggregate ...
    • Article  

      How different are Monetary Unions to national economies according to prices? 

      Glushenkova, Marina; Zachariadis, Marios (Wiley, 2022-09)
      Not that different. Based on a unique dataset of semi-annual microeconomic price levels of goods and services across and within countries for 1990:1–2018:2, we show that time-series volatility and cross-sectional dispersion ...
    • Article  

      Immigration and international prices 

      Zachariadis, Marios (Elsevier, 2012-07)
      This paper considers the relation between immigration and prices in a number of countries across the world over the period from 1990 to 2006. Immigration is shown to have a negative impact on international relative prices. ...
    • Working Paper  

      Immigration and international prices 

      Zachariadis, Marios (2010-02)
      This paper considers the relation between immigration and prices for a large number of cities across the world over the period from 1990 to 2006. Aggregate immigration ratios are shown to have a negative impact on ...
    • Article  

      Immigration and international prices: An initial assessment 

      Zachariadis, Marios (2011-02)
      Using prices from a number of cities across the world during 1990-2006, this paper shows that there exists a negative impact of immigration on prices. The estimated absolute elasticity of prices with respect to immigration ...
    • Article  

      The importance of trade costs in deviations from the law-of-one-price: Estimates based on the direction of trade 

      Inanc, Ozlem; Zachariadis, Marios (2012)
      The full impact of trade costs in segmenting product markets cannot be captured by considering aggregate prices or in the absence of information on the direction of trade. We address this problem by utilizing product-specific ...
    • Report  

      Inflation Expectations and Monetary Policy in Europe 

      Andreou, Elena; Eminidou, Snezana; Zachariadis, Marios (Social Science Research Network, 2016)
      We use monthly data across fifteen euro-area economies for the period 1985:1-2015:3 to obtain different monetary policy shocks pertaining to more versus less informed individuals. We then investigate how these affect ...
    • Article  

      Inflation Expectations and Monetary Policy Surprises 

      Eminidou, Snezana; Zachariadis, Marios; Andreou, Elena (Wiley, 2020-01)
      We estimate monetary policy surprises for European consumers over time, based on monetary policy changes that were unanticipated according to consumers’ stated beliefs. We find that such monetary policy surprises have the ...
    • Working Paper  

      Inflation expectations and monetary policy surprises 

      Andreou, Elena; Eminidou, Snezana; Zachariadis, Marios (2017-01)
      We use monthly data across fifteen euro-area economies for the period 1985:1-2015:3 to obtain monetary policy changes that can be regarded as surprises for different types of consumers. A novel feature of our empirical ...
    • Working Paper  

      International medical R&D spillovers 

      Papageorgiou, Chris; Savvides, Andreas; Zachariadis, Marios (2004)
      Does medical technology originating in countries close to the technology frontier have a significant impact on health outcomes in countries distant from this frontier? This paper considers a framework where lagging countries ...
    • Article  

      International medical technology diffusion 

      Papageorgiou, Chris; Savvides, Andreas; Zachariadis, Marios (2007)
      Does medical technology generated in frontier countries have a significant impact on health outcomes in the rest of the world? This paper considers a framework where non-frontier countries may benefit from medical innovation ...