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The ECB's policy, the recovery fund and the importance of trust : the case of Greece
Dimakopoulou, Vasiliki; Oikonomidēs, Geōrgios; … - 2021
This paper, using a microfounded macroeconomic model that embeds the key features of the Greek economy, studies the … ECB, like the PEPP, for the Greek economy? Do they help the real economy and, if yes, by how much? What would have …
Persistent link: https://www.econbiz.de/10012650611
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Macroeconomic policy lessons for Greece from the debt crisis
Oikonomidēs, Geōrgios; Papageorgiou, Dimitris; … - 2020
been vital to the Greek economy. …
Persistent link: https://www.econbiz.de/10012195896
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Can central banks do the unpleasant job that governments should do?
Dimakopoulou, Vasiliki; Oikonomidēs, Geōrgios; … - 2023
economy and fiscal policy remains active, there is no room left for further quasi-fiscal actions by the ECB; there will be …
Persistent link: https://www.econbiz.de/10014331713
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Economic growth and endogenous fiscal policy : in search of a data consistent general equilibrium model
Malley, James R.; Philippopulos, Apostolēs - 2000
to react to the state of the economy, is rejected. …
Persistent link: https://www.econbiz.de/10009781505
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To react or not? : fiscal policy, volatility and welfare in the EU-3
Malley, James R. (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003495749
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Monetary union, even higher integration, or back to national currencies?
Oikonomidēs, Geōrgios; Philippopulos, Apostolēs; … - 2016
This paper quantifies the welfare differences among a monetary union, flexible exchange rates (economic disintegration) and a monetary plus fiscal transfer union (higher economic integration). The vehicle of analysis is a medium-scale New Keynesian DSGE model consisting of two heterogeneous...
Persistent link: https://www.econbiz.de/10011430977
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Optimal fiscal action in an economy with sovereign Premia and without monetary independence : an application to Italy
Philippopulos, Apostolēs; Varthalitis, Petros; … - 2013
We welfare rank various tax-spending policies. The setup is a New Keynesian model of a semi-small open economy … economy 2001-2011. We compute various optimized state-contingent tax-spending policy rules when the policy aim is shock …
Persistent link: https://www.econbiz.de/10009731213
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Fiscal consolidation and its cross-country effects
Philippopulos, Apostolēs; Varthalitis, Petros; … - 2016
We build a new Keynesian DSGE model consisting of two heterogeneous countries participating in a monetary union. We study how public debt consolidation in a country with high debt (like Italy) affects welfare in a country with solid public finances (like Germany). Our results show that debt...
Persistent link: https://www.econbiz.de/10011515282
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Electoral uncertainty, fiscal policies & growth : theory and evidence from Germany, the UK and the US
Oikonomidēs, Geōrgios; Malley, James R.; … - 2003
In this paper we study the link between elections, fiscal policy and economic growth/fluctuations. The set-up is a dynamic stochastic general equilibrium model of growth and endogenously chosen fiscal policy, in which two political parties can alternate in power. The party in office chooses...
Persistent link: https://www.econbiz.de/10011511068