Publications

PUblications BY TOPIC

ECONOMIC POLICY AND MACROECONOMICS:

1. The Pass Through of Monetary Policy to Euro Area Bank Interest Rates (2025) German Economic Review 26 (2), 131-192 (with K. Louca) link to paper

2. Inflation expectations and house prices in the euro area (2024) Economic Analysis and Policy, 85, 383-391  (with K. Louca) link to paper

3. Examining the behaviour of inflation to supply and demand shocks using an MS-VAR model (2024) Economic Modelling, 141, 106901 (with D. Koursaros and C.S. Savva) link to paper

4. To Create or to Redistribute? That is the Question (2024) The BE Journal of Macroeconomics (with D. Koursaros, C.S. Savva, and N. Papadopoulou)

5. Wages and Inflation in the Euro Area (2024) CESifo Economic Studies (with K. Louca)

6. Sales and promotions and the great recession deflation (2023) Empirical Economics (with D. Koursaros, N. Papadopoulou, and C.S. Savva). 

7. The relationship between shipping freight rates and inflation in the Euro Area (2022), International Economics, 172, 40-49 (with K.D. Melas, and L. Cleanthous). link to paper

8. Can monetary policy affect bank behaviour? Evidence from bank credit standards, (2022), CESifo Economic Studies, 68(2), 184-199 (with D. Koursaros).  link to paper

9. Bank lending rates and the remuneration for risk: evidence from portfolio and loan level data (2022), European Central Bank Working Paper Series No 2753 (with A. Durrani, J. Metzler, and J.G. Werner). 

10. Sales and promotions and the great recession deflation (2022), Empirical Economics, 64(1), 349-392 (with D. Koursaros, Papadopoulou, N., and C.S. Savva). link to paper

11. Tell me where to stop: thresholds in the bank lending and output growth relationship (2021), Empirical Economics, Vol. 60(4), pp. 1845-1873 (with C.S. Savva and D. Koursaros). link to paper

12. Are central banks to blame? Monetary policy and bank lending behaviour (2021), Bulletin of Economic Research, Vol. 73(4), pp. 762-779. (wi/th C.S. Savva and D. Koursaros). link to paper

13. Stock returns are not always from the same distribution: Evidence from the Great Recession (2020), Investment Management and Financial Innovations, 17(3), 189-204. doi:10.21511/imfi.17(3).2020.15 (with Marina Magidou) link to paper

14. Examining the Time-Variation of Inflation Persistence in Ten Euro Area Countries,  Journal of Policy Modeling, link to paper

15. What if they had not gone negative? A counterfactual assessment of negative interest rates (2019), Oxford Bulletin of Economics and Statistics, 81(1), pp. 1-19, Lead Article. link to paper

16. Examining the stability of Okun’s coefficient (2019), Bulletin of Economic Research, 71(3), pp. 240-256. link to paper

17. Stock market efficiency 2000-2014: the role of the Great Recession (2019), International Journal of Banking, Accounting and Finance, 10(2), 162-180. link to paper

18. Business investment in EU countries (2018), European Central Bank Occasional Paper Series No. 215, October 2018 (with M. Banbura, M. Albani, G. Ambrocio, D. Bursian, G. Buss, J. de Winter, C. Giordano, P. Júlio, J. Le Roux, M. Lozej, C. Martinez-Carrascal, P. Meinen, D. Papageorgiou, S. Pool, R. Ravnik, M. Tóth, G. Zevi, M. Gavura, S. Malthe-Thagaard, J. Maria, L. San Juan). link to paper

19. The effects of fiscal policy on business confidence. Economics and Business Letters (2018), 7(2), pp.76-83 (with C.S. Savva and D. Koursaros). link to paper

20. Size Effects of Fiscal Policy and Business Confidence in the Euro Area (2017), International Journal of Financial Studies, 5(4), p.26 (with C.S. Savva and D. Koursaros). link to paper

MARITIME ECONOMICS:

1. Measuring the impact of port congestion on containership freight rates (2025) Maritime Transport Research, 8, 100130 (with K.D. Melas) link to paper

2. Baltic dry index forecasting using a neuro-fuzzy inference system (2025) Journal of Economics and Finance, 1-28 (with I Atsalaki, GS Atsalakis, and K.D. Melas) link to paper

3. Trade uncertainty, economic policy uncertainty and the cost of trade (2024) German Economic Review, 26 (1), 15-33  (with K. Louca and D. Melas) link to paper

4. Can commodity prices predict stock market returns? The case of dry bulk shipping companies (2024) Journal of Shipping and Trade (with K.D. Melas)

5. Containership New-Building Orders and Freight Rate Shocks: A ‘Wait and See’ Perspective (2023) Asian Journal of Shipping and Logistics (with K.D. Melas)

6. Determinants of Ship Management Revenues: The Case of Cyprus (2023), Economies, 11(7) (with K.D. Melas and K.G. Louka)  link to paper

7. Geopolitical risk and the LNG-LPG trade, (2022) Peace Economics, Peace Science and Public Policy, 28(3), 243-265 (with K.D. Melas)  link to paper

8. Buy together, but recycle alone: Sentiment-driven herding behavior in oceanic dry bulk shipping (2022), Review of Behavioral Finance, 15(4), 534-549 (with K.D. Melas)  link to paper

9. Covid-19 and the energy trade: Evidence from tanker trade routes, Asian Journal of Shipping and Logistics, 38(2), 51-60 (with K.D. Melas)  link to paper

10. Sentiment-Augmented Supply and Demand Equations for the Dry Bulk Shipping Market, Economies, Vol. 9(4), pp. 171. (with K.D. Melas)  link to paper

11. How long do we keep up with the Joneses? Herding time horizons in the dry bulk shipping markets, Asian Journal of Shipping and Logistics, (2021), Vol. 37(2), pp. 184-191 (with K.D. Melas)  link to paper

12. The relationship between commodity prices and freight rates in the dry bulk shipping segment: A threshold regression approach, Maritime Transport Research, (2021), Vol. 2, 100025 (with K.D. Melas)  link to paper

13. The relationship between container shipping trade and real GDP growth: A Panel Vector Autoregressive approach, Economics Bulletin, 41(2) link to paper

14. Quantifying the relationship between seaborne trade and shipping freight rates: A Bayesian vector autoregressive approach (2020), Maritime Transport Research, Vol. 1, 100001 https://doi.org/10.1016/j.martra.2020.100001 (with K.D. Melas) link to paper

15. Market Interactions between agricultural commodities and the dry bulk shipping market, Asian Journal of Shipping and Logistics, Vol. 37(1), March 2021, pp. 73-81,  (with K.D. Melas). link to paper

16. Shipping markets in turmoil: an analysis of the Covid-19 outbreak and its implications (2020), Transportation Research Interdisciplinary Perspectives, Vol. 7, September 2020, 100178 (with K.D. Melas) link to paper

17. World economic growth and seaborne trade volume: Quantifying the relationship (2020), Transportation Research Interdisciplinary Perspectives, Vol.4, March 2020, 100108 link to paper

18. A cointegrating stock trading strategy: application to listed tanker shipping companies (2019), Journal of Shipping and Trade 4 (1), pp. 9 (with K.D. Melas). link to paper

INTERNATIONAL ECONOMICS:

1. Inflation in Transit: The Freight-PPI Connection (2025), Economics Letters (with K.D. Melas)

2. The GBPUSD Exchange Rate Over the Last 50 Years (2025) Manchester School

3. LNG Carriers’ Discharge Waiting Time and Energy Inflation (2024) Commodities, 3 (4), 462-471, (with S. Karamperidis and K.D. Melas)

4. Oil prices and the euro exchange rate (2024) International Economics and Economic Policy, 21 (4), 969-983 (with K.G. Louca) link to paper

5. Volatility Spillovers among the Major Commodities: A Review (2024) Journal of Risk & Financial Management, 17 (8), 365 (with K.D. Melas, A. Faitatzoglou, A. Artemiou) link to paper

6. Liquefied Natural Gas Prices and Their Relationship with a Country’s Energy Mix: A Case Study for Greece (2023), Energies, 16(22), 7554 (with C. Bentsos, D. Koursaros, K.G. Louka, and K. D. Melas). link to paper

7. A reply to “Estimating a bilateral J-curve between the UK and the euro area: An asymmetric analysis”, (2021), Manchester School, 89(6), 658-661 link to paper

8. The impact of conflict on the exchange rate of developing economies, (2021), Review of Development Economics, Vol. 25(2), pp. 916-930. link to paper

9. Convergence of consumption patterns in the European Union (2020), Empirical Economics, 58, pp. 979-994. link to paper

10. Anthropogenic greenhouse gas concentrations and global temperature: A smooth-transition analysis (2019), Springer Nature Applied Sciences, 1:707, July 2019 (with C.S. Savva, D. Koursaros, and T. Zachariadis) link to paper

11. Real Effects of Banking Crises: Imports of Capital Goods by Developing Countries (2018), Review of Development Economics, 22(3), pp. 1343-1359 (with A. Savvides). link to paper

12. Estimating a bilateral J-Curve between the UK and the EU (2018), Manchester School, 86(6), pp. 757-769. link to paper

Publications Related to the Cypriot Economy (peer-reviewed):

1. Are agents Ricardian? Evidence from the CBC survey (2024) Economics Bulletin (with T. Kallenos and I. Evangelou)

2. The Cyprus Stock Exchange as a leading indicator, (2023), Cyprus Economic Policy Review, 17(1), pp. 1-11 (with C.S. Savva)  link to paper

3. Missed payments, renegotiations, and household consumption, (2022), South-Eastern Europe Journal of Economics, 20(1), 31-50 (with K.G. Louca). link to paper

4. Estimating the Mortage Default Probability in Cyprus: Evidence using micro data, (2022), Cyprus Economic Policy Review, 16(1), pp. 1-11 (with S. Antoniou, I. Evangelou, and T. Kallenos) link to paper

5. Electricity consumption and economic activity in Cyprus using an asymmetric cointegration technique, (2021), Cyprus Economic Policy Review, 15(2), pp. 26-41 (with C.S. Savva) link to paper

6. Public Debt Thresholds: An Analysis for Cyprus (2021), Cyprus Economic Policy Review, 15(1), 75-85 (with C.S. Savva). link to paper

7. Income and Wealth Inequality in Cyprus: Empirical evidence from the Household Finance and Consumption Survey (2020), Cyprus Economic Policy Review, 14(2), 50-60 (with I. Evangelou and R. Hadjicharalambous). link to paper

8. What determines bank lending standards in Cyprus? (2020), Cyprus Economic Policy Review, 14(1), 16-26 (with C.S. Savva). link to paper

9. The impact of foreign demand on Cyprus house prices (2019), Cyprus Economic Policy Review, 13(2), 48-71 (with G. Thucydides). link to paper

10. Determinants of Non-Performing Loans in Cyprus: A Bayesian VAR approach (2019), Economics Research Center Economic Policy Papers, (with C.S. Savva). link to paper

11. Credit, House Prices and the Macroeconomy in Cyprus (2019), South Eastern Europe Journal of Economics, 17(1), 33-55 (with L. Cleanthous and E. Eracleous). link to paper

12. Does Housing Wealth Affect Consumption? The Case of Cyprus (2018), Cyprus Economic Policy Review, 12(2), 67-86 (with G. Thucydides). link to paper

13. Modelling house price volatility states in Cyprus with switching ARCH models (2017), Cyprus Economic Policy Review, 11(1), 69-82 (with C.S. Savva). link to paper

14. Quarterly estimates of the capital stock in Cyprus: 1995Q1-2015Q4 (2016), Cyprus Economic Policy Review, 10(1), 71-85  (with M.C. Polemidiotis). link to paper