Tag Archives: economy

Coordination problems, perverse incentives and the key to Greek recovery: the Greek banking system

Greek banks, like their international peers, have not simply faced the unfortunate consequences of an externally imposed crisis. Coordination problems and perverse incentives in the banking sector, often exacerbated by short-termism in government policies and objectives, led to perpetuation of … Continue reading

Posted in Banking and finance | Tagged | 6 Comments

Congratulations to Chris Pissarides for the 2010 Nobel prize in Economics!

We wish to congratulate our colleague, friend, and co-founder of this blog, Chris Pissarides from the London School of Economics for the Nobel Prize in Economics that he received on October 11, 2010. Chris was cited by the Nobel Committee for his path-breaking work on labour markets. Together with Nobel prize co-laureates Peter Diamond from the Massachusetts Institute of Technology and Dale Mortensen from Northwestern University, they developed a new way of thinking about labour markets that emphasizes the role of search, both by workers for jobs and by employers for workers. Their work has led to a much richer understanding of labour markets, unemployment, and public policy. Continue reading

Posted in General | Tagged | 5 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

Panel discussion on the Greek financial crisis

On Friday night, 24/9/2010, at the end of a two-day academic conference on “Household Finance,” organized by professors L. Guiso, M. Haliassos, G. Hardouvelis, and T. Jappelli under the auspices of the Frankfurt-based Center for Financial Studies, a panel discussion … Continue reading

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Financial Times article: “Greek reforms can yet stave off default”

This article, written by Costas Meghir, Dimitri Vayanos and Nikos Vettas, argues that default can be avoided through an ambitious and feasible program of reforms. A more in-depth analysis of these reforms is in our article “The economic crisis in … Continue reading

Posted in Press | Tagged | 4 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

Welcome

This blog publishes articles by leading academic economists on issues relevant to economic policy and reforms in Greece. The crisis in Greece is also a time of opportunity: ambitious reforms can be undertaken that will not only stave off bankruptcy, … Continue reading

Posted in General | Tagged | 10 Comments