Category Archives: Public sector productivity

Greek Economists for Reform comment on Greece’s priorities for 2012

For its New Year’s edition, Kathimerini newspaper asked Greek Economists for Reform to propose specific actions that Greece should take in 2012 to improve its economy. Costas Azariadis and Yannis Ioannides urged Greeks to become more involved in civic society, … Continue reading

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

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

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

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Don’t kill the patient through medicine overdose!

The Greek National Council on Research and Technology, the highest-level independent advisory body to the Ministry of Education on matters relating to research infrastructure and funding, has issued a statement regarding the current Greek situation. The main point is this: … Continue reading

Posted in Education, Europe, Public sector productivity | 1 Comment

White Paper: “Greece: The way forward”

On 14-15 October 2011, a group of senior policy makers, practitioners and academics met at the London Business School to exchange views on the reforms that Greece should undertake to exit the crisis. The discussion focused mainly on four areas: … Continue reading

Posted in Banking and finance, Healthcare, Justice, Public finance, Public sector productivity | 9 Comments

An institutional bailout plan for Greece

Greece’s bailout plan is failing to meet some of its key objectives. This article argues that the ECB/EU/IMF “troika” should be wary of focusing on short-term goals, such as monthly tax revenues and privatization proceeds, and instead strive for an … Continue reading

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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

The injustice of the justice system

A key missing element of the ongoing fiscal adjustment and reform program in Greece is the re-engineering of the anachronistic, slow, and unfair legal system. Drawing from a large body of research, I argue that improving the institutional environment protecting … Continue reading

Posted in Banking and finance, Justice, Public sector productivity | 2 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