Outputs (23)

News, fiscal rules and the Keynesian multiplier in a DSGE model (2021)
Journal Article

We extend the standard Smets-Wouters (2007) medium-sized DSGE model to analyse the effects of news and the Keynesian multiplier. News is modelled in a novel way compared to the literature, as revisions of expectations regarding future fundamentals. N... Read More about News, fiscal rules and the Keynesian multiplier in a DSGE model.

Theory of Macroeconomic Policy (2020)
Book

Social Capital and the Status Externality (2020)
Journal Article

This paper investigates how the presence of social capital affects the externality arising from status-seeking preference as a parable for inefficient antagonistic behavior. It is assumed that the stock of social capital accumulates through the strat... Read More about Social Capital and the Status Externality.

Testing for causality between FDI and economic growth using heterogeneous panel data (2020)
Journal Article

The causal relationship between FDI inflows and growth is of great policy interest, yet the state of concrete knowledge on the issue is rather poor. Our contribution is to investigate the causal relationship between the ratio of FDI to GDP (FDIG) and... Read More about Testing for causality between FDI and economic growth using heterogeneous panel data.

Greece’s competitiveness: A survey and concluding remarks (2018)
Book Chapter

This chapter identifies the specialisation pattern of the Greek economy in the years prior to the crisis and analyses the various conceptual dimensions of competitiveness. Although Greece has experienced an increase in Unit Labour Costs (ULC), this c... Read More about Greece’s competitiveness: A survey and concluding remarks.

Political Economy Perspectives on the Greek Crisis (Ed. C Tsoukis) (2017)
Book

Offers an economic explanation to the failures of both the Greek economy as well as systemic failures of the euro architecture and the operations of EU authorities Brings together contributions from economists with a wide range of expertise Con... Read More about Political Economy Perspectives on the Greek Crisis (Ed. C Tsoukis).

The limits of austerity: The fiscal multiplier and the ‘debt Laffer curve’ (2017)
Book Chapter

We consider the maximum public debt-GDP ratio that is serviceable when one allows for the fiscal effects of the required primary surpluses (the ‘fiscal multiplier’). This simple but novel approach yields a debt Laffer Curve that defines the debt and... Read More about The limits of austerity: The fiscal multiplier and the ‘debt Laffer curve’.

Introduction (2017)
Book Chapter

Hybrid exponential-hyperbolic discounting and growth without commitment (2017)
Journal Article

We analyse the time-consistent intertemporal behaviour of an individual who discounts the future hyperbolically (HD) in the absence of commitment. In continuous-time, we extend Barro's (Quarterly Journal of Economics, Vol. 114 (1999), pp. 1125–1152)... Read More about Hybrid exponential-hyperbolic discounting and growth without commitment.

Identifying the robust economic, geographical and political determinants of FDI: an Extreme Bounds Analysis (2016)
Journal Article

Understanding what determines Foreign Direct Investment (FDI) inflows remains a primary concern of economists and policy makers; yet the uncertainty surrounding FDI theories and empirical approaches has created ambiguity regarding the determinants of... Read More about Identifying the robust economic, geographical and political determinants of FDI: an Extreme Bounds Analysis.

The welfare state, institutions and export performance (2015)
Journal Article

With a panel of 18 OECD countries, 1980–2005, we investigate the determinants of export performance, in particular the effects of the size of government and institutional features. In a model of endogenous extent of domestically-produced goods, gover... Read More about The welfare state, institutions and export performance.

Government size, institutions and export performance among OECD economies (2015)
Journal Article

With a panel of 18 OECD countries, 1980–2005, we investigate the determinants of export performance, in particular the effects of the size of government and institutional features. In a model of endogenous extent of domestically-produced goods, gover... Read More about Government size, institutions and export performance among OECD economies.

The growth–distribution nexus in a mixed regime of education with a status motive: On the macroeconomics of the welfare state (2015)
Journal Article

We develop a growth model with human capital accumulation to study the effects of status-driven motivation on individuals' choice between public or private education. This choice interacts with and exacerbates the effects of status, with implications... Read More about The growth–distribution nexus in a mixed regime of education with a status motive: On the macroeconomics of the welfare state.

Current accounts in the long run and the intertemporal approach: a panel data investigation (2015)
Journal Article

This paper is a theory-based study of the long-run determinants of the current account (CA). For many OECD economies after the Second World War, there has been more long-run variation in the CA data than is emphasised by a ‘Permanent Income’ version... Read More about Current accounts in the long run and the intertemporal approach: a panel data investigation.

Public Expenditures, Growth and Distribution in a Mixed Regime of Education with a Status Motive (2013)
Journal Article

This paper tackles the issue of growth, distribution, and the provision of public services in a growth model with human capital accumulation where heterogeneous individuals decide whether to attend a publicly funded education regime or a privately fu... Read More about Public Expenditures, Growth and Distribution in a Mixed Regime of Education with a Status Motive.

The economy of Greece (2013)
Book Chapter

Titles in the series: Africa South of the Sahara; Central and South-Eastern Europe; Eastern Europe, Russia and Central Asia; The Far East and Australasia; The Middle East and North Africa; South America, Central America and the Caribbean; ...

STATUS IN A CANONICAL MACRO MODEL: LABOUR SUPPLY, GROWTH AND INEQUALITY*: Status in Macro Models (2012)
Journal Article

We introduce status in a standard (‘canonical’) macro model of growth and distribution. Status is introduced in a flexible way that allows for intrinsic and extrinsic motivation, loss aversion, heterogeneity in motives and inequality aversion. We inc... Read More about STATUS IN A CANONICAL MACRO MODEL: LABOUR SUPPLY, GROWTH AND INEQUALITY*: Status in Macro Models.

Twin Deficits, Real Interest Rates and International Capital Mobility (2004)
Book Chapter

Selected papers presented at annual conferences and seminars organised by the UK Chapter of the International Economics and Finance Society (IEFS-UK).

The Genesis of the South-East Asian Crisis: The External Solvency of the Tiger Economies (2004)
Book Chapter

Selected papers presented at annual conferences and seminars organised by the UK Chapter of the International Economics and Finance Society (IEFS-UK).

Saving-Investment Cointegration Revisited: Implications for capital mobility, external solvency and the intertemporal approach (2004)
Book Chapter

Selected papers presented at annual conferences and seminars organised by the UK Chapter of the International Economics and Finance Society (IEFS-UK).

Social capital and the status externality
Presentation / Conference

The growth–distribution nexus in a mixed regime of education with a status motive: On the macroeconomics of the welfare state
Journal Article

The great transition: implications from environmental policy on the quality-quantity trade-off on children
Journal Article

We develop an overlapping-generations model with human capital accumulation and endogenous fertility containing a pollution externality. We study the effects of an environmental policy on individuals' quality-quantity trade-off on children. In a Malt... Read More about The great transition: implications from environmental policy on the quality-quantity trade-off on children.