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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

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

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

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

Do foreign aid transfers distort incentives and hurt growth? : theory and evidence from 75 aid-recipient countries

Oikonomidēs, Geōrgios; Kalyvitēs, Sarantēs; … - 2004

-seeking as opposed to productive activities. We construct a model of a small growing open economy that distinguishes two effects …

Persistent link: https://www.econbiz.de/10011402546

Pollution and resource extraction : do they matter for the dynamics of growth?

Oikonomidēs, Geōrgios; Philippopulos, Apostolēs - 2000

This paper shows that whether pollution occurs as a by-product of economic activity (which is supposed to be the case in DCs), or as resource extraction (which is supposed to be the case in LDCs), matters for the dynamics of the optimal growth-environment-policy link. The context is a dynamic...

Persistent link: https://www.econbiz.de/10009781642

Public providers, versus private providers, of public goods : a general equilibrium study of the role of the state

Oikonomidēs, Geōrgios; Philippopulos, Apostolēs; … - 2011

their costs. When the model is calibrated to match fiscal data from the UK economy, the main result is that, ceteris paribus …

Persistent link: https://www.econbiz.de/10009130257