Cost consolidation in the highly fragmented and inefficient Greek health care system was necessary. However, policies introduced were partly formed in a context of insufficient information. Expenditure data from a consumption point of view were lacking and the depth of the political and...

This paper uses the current economic crisis to highlight the importance of ethical cultivation in the educational process relating – not exclusively – to economists' vocation. To do this, the author borrowed ideas from ancient Greek philosophy, as well as some very recent real-life examples.

Empirical studies find that fluctuations in output and other macroeconomic aggregates are positively related across countries. Economic theory focuses on two main explanations: common shocks and common transmission mechanisms. In this paper, we conduct an empirical analysis of the international...