Narrow search
Showing 1 - 10 of 186
Cover Image
Fiscal Deficits, Seigniorage and External Debt: The Case of Greece
Alogoskoufis, George; Christodoulakis, Nikos - C.E.P.R. Discussion Papers - 1990
This paper investigates the relation between the rise in external debt and fiscal developments in Greece. We use an … reduction in (non-interest) government expenditure. They also suggest that in the case of Greece there is no further scope for a … steady-state increase in seigniorage revenue. In fact, the inflation rate slightly exceeds the seigniorage-maximizing rate …
Persistent link: https://www.econbiz.de/10005791963
Cover Image
Sovereign Debt and Structural Reforms
Müller, Andreas; Storesletten, Kjetil; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2015
Motivated the European debt crisis, we construct a tractable theory of sovereign debt and structural reforms under limited commitment. The government of a sovereign country which has fallen into a recession of an uncertain duration issues one-period debt and can renege on its obligations by...
Persistent link: https://www.econbiz.de/10011276380
Cover Image
Comparisons of Business Cycles in Greece and the EC: Idiosyncracies and Regularities
Christodoulakis, Nikos; Dimelis, Sophia; Kollintzas, Tryphon - C.E.P.R. Discussion Papers - 1993
terms of trade. We take this evidence to suggest that the propagation mechanism for business cycles in Greece is fairly …
Persistent link: https://www.econbiz.de/10005498026
Cover Image
Competitiveness, Wage Adjustment and Macroeconomic Policy in a Small Open Economy
Alogoskoufis, George - C.E.P.R. Discussion Papers - 1987
, output and inflation, and is pivotal for the effects of macroeconomic policies. The model is estimated and tested for the … postwar period, and is used to assess the macroeconomic experience and policy options in Greece. …
Persistent link: https://www.econbiz.de/10005504264
Cover Image
Politics and investment: examining the territorial allocation of public investment in Greece
Psycharis, Yannis; Rodriguez-Pose, Andres; Tselios, Vassilis - C.E.P.R. Discussion Papers - 2015
in Greece. Using regional public investment data for 10 political periods (1975-2009), combined with electoral data by …
Persistent link: https://www.econbiz.de/10011168906
Cover Image
Structural Adjustment of the Greek Economy
Katseli, Louka Tarsitsa - C.E.P.R. Discussion Papers - 1990
This study analyses the likely pattern of structural adjustment of the Greek economy as economic integration proceeds, in light of the structural rigidities present in the commodity, capital and labour markets. The presence of such rigidities is attributed to `state corporatism', identified as...
Persistent link: https://www.econbiz.de/10005281280
Cover Image
Political Parties, Elections and Inflation in Greece
Alogoskoufis, George; Philippopoulos, Apostolis - C.E.P.R. Discussion Papers - 1991
We extend the `rational partisan model' of inflation and unemployment by introducing inflation and unemployment … dynamics. We investigate the case of Greece, which has had a polarized political system and a problem of persistently high … inflation in the last two decades. High inflation can be attributed to the failure of political parties to precommit to price …
Persistent link: https://www.econbiz.de/10005281339
Cover Image
Making a Voluntary Greek Debt Exchange Work
Gulati, Mitu; Zettelmeyer, Jeromin - C.E.P.R. Discussion Papers - 2012
Within the next few months, the Greek government, is supposed to persuade private creditors holding about EUR 200bn in its bonds to voluntarily exchange their existing bonds for new bonds that pay roughly 50 percent less. This may work with large creditors whose failure to participate in a debt...
Persistent link: https://www.econbiz.de/10011083320
Cover Image
The Greek Debt Restructuring: An Autopsy
Gulati, Mitu; Trebesch, Christoph; Zettelmeyer, Jeromin - C.E.P.R. Discussion Papers - 2013
of the restructuring left money on the table from the perspective of Greece, created a large risk for European taxpayers …
Persistent link: https://www.econbiz.de/10011084095
Cover Image
Public investment and regional growth and convergence: Evidence from Greece
Psycharis, Yannis; Rodriguez-Pose, Andres; Tselios, Vassilis - C.E.P.R. Discussion Papers - 2012
in Greece. Using a new database of public expenditure per region for the period 1978-2007, it proposes a model which … public investment in each region. Finally, the impact of different types of public investment in Greece is mediated by …
Persistent link: https://www.econbiz.de/10011084166