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Fiscal Policy with an Informal Sector
Dellas, Harris; Malliaropulos, Dimitris; Papageorgiou, … - 2022
particular tax– policy on economic activity and tax revenue. We add an informal sector to the Bank of Greece DSGE model and use … the actual package of fiscal consolidation implemented in Greece over the period 2010–2015 to evaluate the role of the … underground economy seems to have been a key factor in Greece’s failure to achieve orderly debt consolidation while avoiding …
Persistent link: https://www.econbiz.de/10014078167
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Déjà Vu? The Greek Crisis Experience, the 2010s Versus the 1930s. Lessons from History
Lazaretou, Sophia; Chouliarakis, George - 2022
The past Greek crisis experience is more or less terra incognita. In all historical empirical studies Greece is … which to assess the policy choices and constraints that Greece faces today, with the ultimate aim to draw policy lessons …
Persistent link: https://www.econbiz.de/10014079032
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Markups and Fiscal Policy : Analytical Framework and an Empirical Investigation
Chronis, Panagiotis; Christou, Georgios - 2022
The paper focuses on the effects of fiscal policy on the industry-specific profit margin of a sector of an economy. This is a deviation from the existing literature, which focuses mainly on the effects of fiscal policy on the profit margin of the economy as a whole. In this work the price cost...
Persistent link: https://www.econbiz.de/10014078430
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Corruption and Tax Evasion : Reflections on Greek Tragedy
Palivos, Theodore; Litina, Anastasia - 2022
We provide empirical support and a theoretical explanation for the vicious circle of political corruption and tax evasion in which countries often fall into. We address this issue in the context of a model with two distinct groups of agents: citizens and politicians. Citizens decide the fraction...
Persistent link: https://www.econbiz.de/10014078958
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Modeling Distortionary Taxation
Chronis, Panagiotis - 2023
There has been a lot of discussion recently regarding the macroeconomic consequences of a distortionary taxation system. However the way this distortionary taxation scheme or instrument is modeled in macroeconomic analysis, as well as the ability of these models to capture the effects implied by...
Persistent link: https://www.econbiz.de/10014260616
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Investment Strategy and Greek Shipping Earnings : Exploring the Pre & Post 'Ordering-Frenzy' Period
Bragoudakis, Zacharias - 2018
The influx of shipping receipts from the world's leading fleet has been critical for the development of the Greek economy. Following the fateful September of 2008, the range and speed of the shift in direction of the freight rates, combined with the general economic and credit climate, have had...
Persistent link: https://www.econbiz.de/10012926358
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Investment Strategy and Greek Shipping Earnings : Exploring the Pre & Post 'Ordering-Frenzy' Period
Bragoudakis, Zacharias - 2018
The influx of shipping receipts from the world's leading fleet has been critical for the development of the Greek economy. Following the fateful September of 2008, the range and speed of the shift in direction of the freight rates, combined with the general economic and credit climate, have had...
Persistent link: https://www.econbiz.de/10012938212
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Public and private liquidity during crises times : evidence from Emergency Liquidity Assistance (ELA) to Greek banks
Kotidis, Antonis; Malliaropulos, Dimitris; Papaioannou, … - 2022
In a surprise move during a crisis, the ECB excluded Greek Government Bonds from the set of eligible collateral in monetary policy operations. In turn, Greek banks turned to Emergency Liquidity Assistance (ELA) to meet their funding needs. ELA replenished losses from all funding sources,...
Persistent link: https://www.econbiz.de/10014239355
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Disrupted Lending Relationship and Borrower's Strategic Default : Evidence from the Tourism Industry During the Greek Economic Crisis
Malliaropulos, Dimitris; Avramidis, Panagiotis; … - 2022
Using a sample of bank loans to firms operating in the tourism industry for the period 2010-2015, and regional variation of tourism activities to identify the strategic defaulted firms, we examine the impact of Greek banks consolidation on the firms’ payment behavior. We show that a...
Persistent link: https://www.econbiz.de/10014078069
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Asymmetric Price Adjustment and the Effects of Structural Reforms in a Low Income Environment : The Case of the Gasoline Market in Greece
Sideris, Dimitrios; Bragoudakis, Zacharias - 2022
The pricing mechanism in the gasoline market has often been the subject of public debate inGreece during the crisis years. Inefficient pricing could imply oligopolistic practices in themarket and losses to consumers’ welfare in a period characterised by a dramatic fall inconsumers’ income...
Persistent link: https://www.econbiz.de/10014078076