The negotiating power of the unions and their role in wage determination depends on the level of centralization of the wage bargaining system, as well as on other institutional arrangements. In this study, we estimate a set of wage equations in order to study the employment effects of different...

This study outlines how investment activity evolved in Greece over the last decade and explores its momentum before and after the COVID-19 pandemic era. We concluded that the L-geometry of the 2009-2016 recession has been determined to a great extent by the fact that fresh investment was lower...

Over the last two years, the Greek residential property market has clearly re-entered an upwards course. The recovery dynamics in house prices accelerated further in the first nine months of 2019, with house prices rising by 7.4% y-o-y, creating equity gains for post-crisis investors and...

The paper tries to clarify whether the Greek drachma exchange rate movements could be better understood by incorporating the dynamics of the political environment. Greece could be considered as an ideal laboratory to examine the impact of the elections on the drachma exchange rate dynamics,...

An attempt is made to clarify the relationship between price fluctuations of two major assets in Greece, real estate and stocks. Two mechanisms have been proposed to interpret this relationship. The first one is well known as 'wealth effect', which claims that households with unanticipated gains...