Showing 1 - 10 of 85
programme (2012-14) achieved progress towards recovery but this was fragile and was cancelled out by Greece's stand-off with her … lenders in the first half of 2015. The stand-off was one that predictably Greece could not win, due to the lack of a credible …
Persistent link: https://www.econbiz.de/10013010491
convergence and crisis with a specific focus on Greece. The paper extends the seminal Balassa-Samuelson model to include … productivity increases in Greece …
Persistent link: https://www.econbiz.de/10013012270
We study the long-term economic legacy of highly-skilled minorities a century after their wholesale expulsion. Using mass expulsions of Armenian and Greek communities of the Ottoman Empire in the early 20th century as a unique natural experiment of history, we show that districts with greater...
Persistent link: https://www.econbiz.de/10012964040
crisis in Greece. 61.9% of the experts surveyed were not in favour of Greece exiting the Eurozone in the course of the … Republic, Denmark, and Slovakia were in favour of Greece exiting the Eurozone. The share of experts who were in favour of … Greece staying in the Eurozone increased to 69.8% in October 2015. 72.4% of experts surveyed believed that the IMF should …
Persistent link: https://www.econbiz.de/10012992606
We shed light on the function, properties and optimal size of austerity using the standard sovereign debt model augmented to include incomplete information about credit risk. Austerity is defined as the shortfall of consumption from the level desired by a country and supported by its repayment...
Persistent link: https://www.econbiz.de/10013030311
We study central bank interventions in times of severe distress (mid-2010), using a unique bond-level dataset of ECB purchases of Greek sovereign debt. ECB bond buying had a large impact on the price of short and medium maturity bonds, resulting in a remarkable “twist” of the Greek yield...
Persistent link: https://www.econbiz.de/10012938010
Against the backdrop of the Greek three-act tragedy, we present a theoretical framework for studying Greece's recent … debt and currency crisis. The model is built on two essential blocks: first, erratic macroeconomic policymaking in Greece … macroeconomic policies in Greece are considered. The model's mechanism and assumptions allow either for a Grexit from the euro area …
Persistent link: https://www.econbiz.de/10012999786
Greece has reached a point where, under any plausible macroeconomic scenario, public debt will continue growing faster … solvency and closing the competitiveness gap. Yet we think Greece stands a better chance of accomplishing these goals from …
Persistent link: https://www.econbiz.de/10013117780
We compare reported job satisfaction with vignette evaluations of hypothetical jobs by using a British, Greek and Dutch data set, containing 95 randomly assigned vignettes. In order to test comparability of international data sets recently the method of anchoring vignettes has been introduced by...
Persistent link: https://www.econbiz.de/10013117782
The Target liabilities of the GIPS countries (Greece, Ireland, Portugal and Spain) amounted to 314 billion euros in …
Persistent link: https://www.econbiz.de/10013092688