Category Archives: Labour market

Two priorities for return to growth and prosperity

Costas Meghir argues that reforming the judiciary and the labor market should constitute priorities for structural reform in Greece.  The reform of the judiciary should focus on the time it takes to resolve commercial disputes as well as on the … Continue reading

Posted in Justice, Labour market | 7 Comments

Prodigal Italy, Greece, Spain? A Letter to Northern Partners

Michael Haliassos presents a key dilemma in the current debate regarding the future of the Euro: to prolong support of debt refinancing to countries in the periphery, so as to signal to markets that Euro membership is a one-way street; … Continue reading

Posted in Banking and finance, Europe, General, Labour market, Macroeconomics, Press, Public finance, Public sector productivity | 1 Comment

Civic Capital(ism)

In a TEDx Academy talk that took place in the Benaki Museum, Athens, on October 10, 2011, Elias Papaioannou argues that the current economic crisis in Greece is driven by the lack of civic capital. Papaioannou starts his analysis reviewing … Continue reading

Posted in Economic development, Education, Europe, General, Labour market | Leave a comment

In the Greek crisis, debt is the lesser problem

Yannis Ioannides in two lectures, one given to Tufts University Alumni in Athens, September 28, 2011 (in Greek) with the title “In the Greek Crisis, The Debt is the Lesser Problem,”  and the second as part of a conference organized … Continue reading

Posted in Banking and finance, Europe, General, Labour market, Macroeconomics, Public sector productivity | Leave a comment

Determinants of Greece’s average unemployment rate

Using annual aggregate data from 15 OECD countries, we estimate the effects of the following policies on the “non-accelerating inflation rate of unemployment” (NAIRU): restrictions on firing, growth in government “productive” expenditure, growth in social security benefits, and lax immigration … Continue reading

Posted in Immigration, Labour market, Public finance | 1 Comment

Talk at the Economist conference: “Getting Greece back on track: how?”

In an invited talk at the 15th Economist Roundtable with the Government of Greece, Michael Haliassos and Dimitri Vayanos argued that the solution to the economic crisis in Greece lies in a series of deep reforms that will raise productivity. … Continue reading

Posted in Banking and finance, Justice, Labour market, Product market, Public sector productivity | 2 Comments

Lecture by Nobel-prize winner Chris Pissarides in Athens

Professor Chris Pissarides from the London School of Economics, winner of the Nobel prize in Economics in 2010, gave a lecture in Athens on Friday April 8, titled “The labor market in a modern economy: theory and lessons for economic … Continue reading

Posted in Labour market, Press, Product market | Leave a comment

Firm-level agreements are the right solution

Labor agreements reached at the level of individual firms are feasible in Greece only if they improve the terms that country- and industry-level agreements offer to workers. The memorandum between Greece and EU/IMF requires changing this system towards one where … Continue reading

Posted in Labour market | 9 Comments

Development is the only solution: seventeen proposals for a new development strategy

Is there a strategy that can free Greece from the grip of today’s unprecedented economic and social crisis and place her on a path of sustainable development and solid prosperity? The signers of this article believe that the answer is … Continue reading

Posted in Education, Healthcare, Labour market, Pensions, Product market, Public finance, Public sector productivity | Tagged | 37 Comments

The economic crisis in Greece: a time of reform and opportunity

This article explains the causes of the Greek crisis, as well as the key reforms that are needed to get Greece out of the crisis and make it prosperous. Reforms are on two main fronts: those designed to improve the … Continue reading

Posted in Education, Healthcare, Labour market, Pensions, Product market, Public finance, Public sector productivity | Tagged | 20 Comments