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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

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

Protectionism and economic growth : causal evidence from the first era of globalization

Potrafke, Niklas; Ruthardt, Fabian; Wüthrich, Kaspar - 2020

protectionist government stimulated the economy in the short-run by increasing government expenditure. …

Persistent link: https://www.econbiz.de/10012387616

Elections, fiscal policy and growth : revisiting the mechanism

Oikonomidēs, Geōrgios; Philippopulos, Apostolēs; … - 2002

This short paper reconsiders the popular result that the lower the probability of getting reelected, the stronger the incumbent politicians incentive to follow short-sighted, inefficient policies. The set-up is a general equilibrium model of endogenous growth and optimal fiscal policy, in which...

Persistent link: https://www.econbiz.de/10011409401

Ideologically-charged terminology : austerity, fiscal consolidation, and sustainable governance

Gründler, Klaus; Potrafke, Niklas - 2019

Scholars have been active in investigating causes and consequences of austerity policies. We examine how economists use the term "austerity" in scientific studies and measure austerity in empirical analyses. The sample includes around 3,500 journal articles published in the top 400 journals...

Persistent link: https://www.econbiz.de/10011997341

Fiscal rules : historical, modern, and sub-national growth effects

Gründler, Klaus; Potrafke, Niklas - 2020

We examine how fiscal rules influence economic growth. The results show that constitutional fiscal rules promoted growth from the Industrial Revolution until World War II (1789-1950) and also increased modern economic growth (1985-2015). To address selection on unobservables, we conduct a...

Persistent link: https://www.econbiz.de/10012219378

The effects of climate change on a small open economy

Oikonomidēs, Geōrgios; Xepapadeas, Anastasios - 2019

We investigate the impact of climate change on the macroeconomic performance of a small open economy. The setup is a … new Keynesian dynamic stochastic general equilibrium model of a small open economy without monetary policy independence in … which a climate module that interacts with the economy has been incorporated. The model is solved numerically using common …

Persistent link: https://www.econbiz.de/10011992335

Corruption and economic growth : new empirical evidence

Gründler, Klaus; Potrafke, Niklas - 2019

The nexus between corruption and economic growth has been examined for a long time. Many empirical studies measured corruption by the reversed Transparency International’s Perception of Corruption Index (CPI) and ignored that the CPI was not comparable over time. The CPI is comparable over...

Persistent link: https://www.econbiz.de/10012064480

Structural reforms and income inequality : who benefits from market-oriented reforms?

Gründler, Klaus; Potrafke, Niklas; Wochner, Timo - 2020

We examine how structural reforms relate to income inequality. We employ many indicators of structural reforms and use data for market and net income inequality. The dataset includes up to 135 countries since 1960. The results do not suggest that market-oriented structural reforms were...

Persistent link: https://www.econbiz.de/10012154916

Smaller public sectors in the Euro area : aggregate and distributional implications

Oikonomidēs, Geōrgios; Papageorgiou, Dimitris; … - 2012

In this paper, we study the aggregate and distributional implications of a smaller public sector in the euro area. By a smaller public sector, we mean a reduction in public debt and/or cuts in public spending, when such changes in fiscal policy are accommodated by adjustment in various taxes....

Persistent link: https://www.econbiz.de/10009631662