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Incentives to work and performance in the public sector

Oikonomidēs, Geōrgios; Philippopulos, Apostolēs; … - 2015

productive efficiency, in the public sector. We focus on reforms aiming to establish parity between work conditions in the public …

Persistent link: https://www.econbiz.de/10010477149

Are user fees really regressive?

Oikonomidēs, Geōrgios; Philippopulos, Apostolēs - 2012

by the Ramsey government not only increases aggregate efficiency, but it also decreases inequality. This result is in … contrast to common view and policy practice. -- user fees ; Ramsey taxation ; efficiency ; inequality …

Persistent link: https://www.econbiz.de/10009571131

The role of government in anti-social redistributive activities

Angelopoulos, Konstantinos (contributor); … - 2005

government share in GDP; and as a measure of government efficiency, we construct an index by following the methodology of Afonso … efficiency. Specifically, while a larger size of government is bad for incentives when one ignores efficiency, the results change … drastically when government efficiency is also taken into account. Only when our measure of size exceeds our measure of efficiency …

Persistent link: https://www.econbiz.de/10002746122

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

Oikonomidēs, Geōrgios; Philippopulos, Apostolēs; … - 2011

providers cannot beat private providers in terms of aggregate efficiency. We finally design a transfer scheme that can make a …

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

Rent-seeking competition from state coffers : a calibrated DSGE model of the euro area

Angelopoulos, Konstantinos (contributor); … - 2006

This paper incorporates an uncoordinated struggle for extra fiscal favors into an otherwise standard Dynamic Stochastic General Equilibrium model. This reflects the popular belief that interest groups compete for privileged transfers and tax treatment at the expense of the general public...

Persistent link: https://www.econbiz.de/10003300952

Monetary union, even higher integration, or back to national currencies?

Oikonomidēs, Geōrgios; Philippopulos, Apostolēs; … - 2016

This paper quantifies the welfare differences among a monetary union, flexible exchange rates (economic disintegration) and a monetary plus fiscal transfer union (higher economic integration). The vehicle of analysis is a medium-scale New Keynesian DSGE model consisting of two heterogeneous...

Persistent link: https://www.econbiz.de/10011430977

On the composition of public spending and taxes

Oikonomidēs, Geōrgios; Park, Hyun; Philippopulos, … - 2015

This paper studies the implications of changes in the fiscal (spending-tax) policy mix when all categories of spending and taxes are according to their functional breakdown. In so doing, we build a general equilibrium OLG model which naturally incorporates the main functional categories of...

Persistent link: https://www.econbiz.de/10011342332

Smells like fiscal policy? : assessing the potential effectiveness of the ECB's OMT program

Hristov, Nikolay; Hülsewig, Oliver; Siemsen, Thomas; … - 2014

This paper explores the potential effectiveness of the ECBś Outright Monetary Transaction (OMT) program in safeguarding an appropriate monetary policy transmission. Since the program aims at manipulating bank lending rates by conducting sovereign bond purchases on secondary markets, a stable...

Persistent link: https://www.econbiz.de/10010246072

Unexpected loan losses and bank capital in an estimated DSGE model of the Euro area

Hristov, Nikolay; Hülsewig, Oliver - 2016

We develop a stylized DSGE model in which banks face capital regulation and their loan portfolios are subject to non-diversifiable losses due to aggregate shocks. The framework is used to explore the importance of the interaction between macroeconomic conditions, credit default and bank...

Persistent link: https://www.econbiz.de/10011557772

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 efficacy of the various policy measures taken, at national and EU level, to cushion the economic effects of the pandemic shock. The paper attempts to give quantitative answers to...

Persistent link: https://www.econbiz.de/10012650611