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An Application of a Johansen Cointegration Test and a Vector Error Correction, (VEC) Model to Test the Granger Causality between General Government Revenues and General Government...
Guirguis, Michel - 2018
returns of general government revenues and general government total expenditures of Greece. We have applied a Vector Error …
Persistent link: https://www.econbiz.de/10012910719
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Application of the Multiplier Effect to Test the Relationship of Total Injections and Withdrawals of the Greek Economy
Guirguis, Michel - 2019
The multiplier effect of rise in incomes and employment is in equilibrium in a free market economy when total injections, (J), equal total withdrawals, (W). When injections do not equal withdrawals, then, there is disequilibrium in the economy. Withdrawals consist of net saving, net taxes and...
Persistent link: https://www.econbiz.de/10012890741
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Output Gap, Inflationary or Deflationary Gap. Evidence from the Greek Economy by Testing the Relationship Between General Government Expenditure and GDP
Guirguis, Michel - 2019
According to the IMF subject information, output gap for advanced economies and specifically Greece is calculated as … regressive taxes, progressive taxes and proportional taxes. Greece has a positive output gap in 2007 of 10.042%. For the same … year, Greece had a structural budget deficit of -10.846%. In 2013, the output gap of Greece was -10.650 %, which means that …
Persistent link: https://www.econbiz.de/10012890743
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Illiquid Market and Credit Derivatives. Evidence from the Greek Market by Testing the Credit Derivatives Swap, CDS Spread Points
Guirguis, Michel - 2019
Credit derivative swap of the Greek market is a financial instrument the value of which is derived from an underlying market value incorporating the credit risk of a bond or a loan. They are used to hedge, to speculate on the spreads through arbitrage. The premium that is incorporated in the...
Persistent link: https://www.econbiz.de/10012890759
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Eliminating Time Lag and Bandwagon Effects in the Business Cycle. Evidence from the Greek Economy
Guirguis, Michel - 2019
The business cycle may be caused due to changes in monetary policy of interest rates, fiscal policy, changes in real wages, consumers and suppliers confidence of demand and supply and inventory cycles. This article examines and eliminates time lags and bandwagon effects in the business cycle of...
Persistent link: https://www.econbiz.de/10012890762
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Application of the Accelerator Theory to Test the Relationship of Total Governments Investments and Gross Domestic Product, GDP, of the Greek Economy
Guirguis, Michel - 2021
In this article, we apply the accelerator theory to test the relationship of Gross domestic product, GDP, and total government investments of the Greek economy. In other words, how an increase in national income measured by the GDP affect total government investments in an aggregate level. The...
Persistent link: https://www.econbiz.de/10013234487
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Measuring Indebtedness of Greece, Italy, Portugal and Spain, (GIPS), in Terms of General Government Net Lending/borrowing, General Government Net Debt, Current Account Balance, Tot...
Guirguis, Michel - 2019
This article measures the total government indebtedness, total investment and gross national savings of Greece, Italy …
Persistent link: https://www.econbiz.de/10012894969
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The Effects of the Spread Risk in Terms of Basis Points From Changes in the Market Prices of Callable Bond Future Due to Credit Risk : Evidence From the Twist Effect of the Yield C...
Guirguis, Michel - 2021
spread risk in Greece. We find that the spread risk widens as the default risk of the callable bond future increase …
Persistent link: https://www.econbiz.de/10013232222
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The Effect of the Law of Diminishing Marginal Returns in Consumption : A Greek Christian Orthodox Approach
Guirguis, Michel - 2021
In this article, we are going to explain and illustrate through examples the effects of integrating the Greek Christian Orthodox religion with the national income, and the marginal utility of the households. Marginal utility is very important concepts in Economics, as it is related to the...
Persistent link: https://www.econbiz.de/10013232224