Publications

Publications

• Debt targets and fiscal consolidation in a Euro Area HANK model, 2025,  

joint with X. Chen and S. Lazarakis. Forthcoming in Quantitative Economics.

[online appendix] [media coverage: article in oikonomikos tachydromos (in Greek)]

• Growth effects of fiscal policy: an application of the unobserved common factor model, 

joint with I. Kostarakos. Oxford Economic Papers.

[Supplementary Appendix]

• A machine learning approach to construct quarterly data on intangible investment for Eurozone,

joint with A. Alexopoulos. Economics Letters, vol. 231.

[Data] [Supplementary Appendix]

• Is Ireland the most Intangible Intensive Economy in Europe? A Growth Accounting Perspective.  

joint with I. Kostarakos and K. McQuinn. Review of Income and Wealth, vol. 70, 2, pp. 370-394.

[Summary in ESRI QEC Autumn 2023 Box A pp. 4-9] [slides from ESCoE conference on Economic Measurement 2022  here]

• Public debt consolidation and its distributional effects. 

     joint with S. Sakkas. The Manchester School, vol. 89,  No. S1, pp. 131-174.

     [earlier version: The (intertemporal) equity-efficiency trade-off of fiscal consolidation ]

• Predicting Default Risk under Asymmetric Binary Link Functions, 

     joint  with Y. Dendramis, E. Tzavalis and E. Athanasiou. International Journal of Forecasting, 36, 2, pp: 1039-1056. 

• Fiscal consolidation and its cross-country effects.

     joint with A.Philippopoulos and V.Vassilatos. Journal of Economic Dynamics and Control, 83, pp: 55-106. 

•  Fiscal consolidation in an open economy with sovereign premia and without monetary policy independence, [Appendix]

      joint with A.Philippopoulos and V.Vassilatos. International Journal of Central Banking, 13, 4, 259-306. 

• Monetary union, even higher integration, or back to national currencies?, [Appendix]

     joint G.Economides and A.Philippopoulos. CESifo Economic Studies, 62(2), pp. 232-255, 2016. 

 [cited by the German Council of Economic Experts 2018/19 Annual Report (link)]

• Optimal fiscal and monetary policy actions in a closed economy, 

    joint with A. Philippopoulos and V.Vassilatos. Economic Modelling, Volume 48, pp: 175-188, 2015. 

Publications in books

• How openness to trade rescued Irish economy, 

joint with K. McQuinn (In: Structural Reforms and Economic Growth in Europe. N. Campos, P.D. Grawe and Y. Ji (eds). Cambridge University Press  (Book).

[cited by the Irish Department of Finance (link), the Deputy Governor of Central Bank of Ireland (link), blog post in the LSE Business Review (link)]

• Incentives to work and performance in the public sector , 

joint with G.Economides and A.Philippopoulos. In: Public Sector Economics and the Need for Reforms. MIT Press, 2016 (Book).

• What drives the default risk and restructured loans, 

joint with Y. Dendramis, E. Tzavalis, E. Athanasiou. In: Money, Trade and Finance. I. Kokores, P. Pantelidis, T. Pelagidis, D. Yannelis (Eds). Springer Books (Book).