Publications
🖹 "Firms' Financing Dynamics Around Lumpy Capacity Adjustments",
with Christoph Goertz and John Tsoukalas,
European Economic Review, (forthcoming).
🖹 "Financial crises, firm-level shocks, and large downturns: Evidence from Greece",
with Stelios Giannoulakis,
International Journal of Finance and Economics, 2023, v. 28:2, pp.1549–1562.
🖹 "Investment Slumps During Financial Crises: The Real Effects of Credit Supply",
with Alexandros Fakos and Tiago Tavares,
Journal of Financial Economics, Volume 145, Issue 1, July 2022, Pages 29-44.
🖹 "Firm Dynamics by Age and Size Classes and the Choice of Size Measure",
with Stelios Giannoulakis,
Oxford Economic Papers, V. 74, Issue 4, October 2022, Pages 1077–1109.
🖹 "Measuring the Systemic Importance of Banks",
with Georgios Moratis,
Journal of Financial Stability, v. 51, pp. 1-16, 2021, 100878.
🖹 "Did the Financial Crisis affect the Market Valuation of Large Systemic U.S. Banks?",
with Georgios Bertsatos and Mike G. Tsionas,
Journal of Financial Stability, v. 32, pp. 115–123, 2017.
🖹 "A dynamic model of bank valuation",
with Georgios Bertsatos,
Economics Letters, vol. 145, pp. 15-18, 2016.
🖹 "Estimating computer depreciation using online auction data",
with Christos Antonopoulos,
Economics of Innovation and New Technology, vol. 20(2), pp. 183-204, 2011.
🖹 "The contribution of Information and Communication Technology investments to Greek economic growth: An analytical growth accounting framework",
with Christos Antonopoulos,
Information Economics and Policy, vol. 21(3), pp. 171-191, 2009.
🖹 "Persistence of business cycles in multisector real business cycle models",
with Jess Benhabib and Roberto Perli,
International Journal of Economic Theory, vol. 2(3-4), pages 181-197, 2006.
🖹 "Capital Quality Improvement and The Sources of Economic Growth in the Euro Area",
with Focco Vijselaar,
Economic Policy, Vol. 20, No. 42, pp. 267-306, April 2005.
🖹 "Patterns of Plant Adjustment",
Journal of Monetary Economics, March 2004, vol. 51:2, pp. 425-450.
🖹 "Quantifying Embodied Technological Change",
with Daniel Wilson,
Review of Economic Dynamics, January 2004, vol. 7, no.1, pp. 1-26. (Lead Article).
🖹 "On the Cyclicality of Schooling: Theory and Evidence",
with Harris Dellas,
Oxford Economic Papers, 55, 2003, pp. 148-172.
🖹 "Business Cycles and Investment in Human Capital: International Evidence on Higher Education",
with Antonio Spilimbergo,
Carnegie-Rochester Series on Economic Policy, vol. 52, June 2000, pp. 221-256.
🖹 "News about News: Information Arrival and Irreversible Investment",
with Allan Drazen,
Macroeconomic Dynamics, vol. 3:3, September 1999.
🖹 "A New Look at Firm Market Value, Investment, and Adjustment Costs",
with Steven Barnett,
Review of Economics and Statistics, vol. 81:2, May 1999, pp. 250-260.
🖹 "Non-linear Response of Firm Investment to Q: Testing a Model of Convex and Non-convex Adjustment Costs",
with Steven Barnett,
Journal of Monetary Economics, vol. 42:2, October 1998, pp. 261-288.
🖹 "Human Capital Formation and Business Cycle Persistence",
with Roberto Perli,
Journal of Monetary Economics, vol. 42:1, August 1998, pp. 67-92.
🖹 "Irreversible Capital and the Stock Market Response to Shocks in Profitability",
International Economic Review, vol. 38, no. 2, May 1997, pp. 351-380.
🖹 "Investment Under Uncertain Market Conditions",
Review of Economics and Statistics, vol. 77, no. 3, August 1995, pp. 455-69.
🖹 "A Note on Competitive Investment Under Uncertainty: Comment",
American Economic Review, September 1994, pp. 1107-12.
Pieces in books
🕮 "Greek Economic Growth: Past and Future",
(with Nikolaos Leounakis), in Greece and the Euro, ed. G. Alogoskoufis and K. Featherstone (e:book of conference volume), 2021.
🕮 "Financing energy investments",
(in Greek), Proceedings of the Academy of Athens Conference on Energy in Greece, (Academy of Athens: Athens 2016)
🕮 "Financing investment in Greece",
(in Greek), in Competitiveness for growth: Policy proposals, ed. M. Massourakis and C. Gortsos , Hellenic Association of Banks: Athens 2014
🕮 "Financing Investment in Europe: The crisis and the future",
(with Timo Vallila), (in Greek), in From the International Crisis to the Crisis of the Eurozone and of Greece: What will the Future Bring?”, ed. N. Karamouzis and G. Hardouvelis, (Livanis : Athens 2011)
🕮 "Economic Policy for Welfare and Equity",
(in Greek), in The Greek Economy : Crucial Issues of Economic Policy, ed. T. Yiannitsis, (The Historical Archives of Alpha Bank on the Greek Economy: Athens 2008)
🕮 "Statistical needs and methodological tools for the analysis of the impact of Information and Communication Technologies to the Greek Economy",
(in Greek), in Economic Policy Studies- The New Economy, ed. K. Gatsios, Y. Katsoulacos, and N. Vettas, (Athens 2005)
🕮 "The Greek Labor Market: Discussion",
in Greece's Economic Performance and Prospects, ed. Ralph C. Bryant, Nicholas G. Garganas, and George S. Tavlas, (Bank of Greece and the Brookings Institution: Athens 2001)