005 Σχολή Οικονομικών Επιστημών και Διοίκησης / Faculty of Economics and Management
Collections in this community
Recent Submissions
-
Article
Technical change and macroeconomic resilience to sectoral shocks
(Elsevier B.V., 2025-01-10)The technological advances experienced by many economies during the last decades have fundamentally reshaped production functions. How do such changes affect the transmission of sectoral supply-side shocks to the gross ...
-
Article
The effects of Digitalization on Production
(Elsevier, 2025-01-10)How does digitalization transform the macroeconomic production function? Using a model where firms can choose their technology, we find that sectors with more digital capital exhibit a higher elasticity of substitution ...
-
Article
How different are Monetary Unions to national economies according to prices?
(Wiley, 2024-01)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 ...
-
Master Thesis Open Access
Brain drain: causes, effects & factors affecting it
(2024-05-27)
-
Article
Identifying preferences when households are financially constrained
(Elsevier, 2023-12)This paper shows that utilizing information on the extensive margin of financially constrained households can narrow down the set of admissible preferences in a large class of macroeconomic models. Estimates based on Spanish ...
-
Article
Liquidity risk, market power and the informational effects of policy
(Elsevier, 2023-05)Using a structural approach, we combine bidding data from open market operations with macroeconomic information to recover the latent distribution of liquidity risk across financial institutions in Chile and how it is ...
-
Article
Public debt and state-dependent effects of fiscal policy in the euro area
(2023-02)We investigate public debt related state dependencies of fiscal policy shocks for fifteen euro area economies during the period from 2000:Q1 to 2019:Q4. Our estimated impulse response functions suggest that the impact of ...
-
Article
Non-linearities in International Prices
(2023-08)We consider multiple sources of non-linearity in good-level law-of-one-price deviations across the globe using a structural model that accounts for previously omitted variables and allows estimation of good-level convergence ...
-
Article
How different are Monetary Unions to national economies according to prices?
(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
Understanding post-Crisis price deviations in Europe: Disintegration or mere adjustment?
(Springer, 2020-03)The paper investigates the process of European integration using law of one price (LOP) deviations for a large number of individual goods and services during the recent Crisis. We find that the degree of integration of ...
-
Article
Which banks smooth and at what price?
(Elsevier, 2020-12)By adjusting lending, banks can smooth the macroeconomic impact of deposit fluctuations. This may, however, lead to extended periods of disproportionately high lending relative to deposit intake and, under certain conditions, ...
-
Article
Consumers’ updating and policy shocks: An empirical assessment of state dependencies
(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
Measuring the Welfare Costs of Racial Discrimination in the Labor Market
(2023-04)We find that the conditional wage-gap for non-whites is negatively related to gross domestic product per worker across the US. To explain this, we develop a model linking unequal access to employment with the wage gap, ...
-
Article
Firms’ expectations and monetary policy shocks in the euro area
(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 ...
-
Working Paper Open Access
Multiple Regimes in the Preferences for Redistribution
(2023-08-29)This paper provides novel evidence of nonlinearities in the formation of preferences for redistribution by uncovering evidence of multiple regimes consistent with the presence of multiple equilibria and multiple steady ...
-
Working Paper Open Access
The Role of Social Interactions in Preferences for Redistribution
(2022-05-30)This paper investigates the role of social influences in preferences for redistribution using data from the General Social Survey. We employ social interaction models with a socioeconomic network structure and intertemporal ...
-
Article
Inflation Expectations and Monetary Policy Surprises
(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 Open Access
Risk management optimization for sovereign debt restructuring
(Journal of Globalization and Development, Vol. 6(2), pp. 181–213, Feb. 2016.; The Wharton School Financial Institutions Centre No. 14-10., 2015-12)Debt restructuring is one of the policy tools available for resolving sovereign debt crises and, while unorthodox, it is not uncommon. We propose a scenario analysis for debt sustainability and integrate it with scenario ...
-
Working Paper Open Access
A Political Capital Asset Pricing Model
(The Wharton Financial Institutions Center. The Wharton School, University of Pennsylvania, PA, 2019-03)We construct a bivariate factor of political stability and economic policy confidence, and show that it commands a significant premium of up to 15% per annum, in the global, developed, and emerging markets, robust to ICAPM, ...
-
Report Open Access
Entrepreneurship in Cyprus
(2019)Entrepreneurship is a core driver of economic growth and societal prosperity, as it fosters the innovation necessary for exploiting new opportunities, enhancing productivity, increasing employment opportunities and providing ...
RSS 1.0