NEWSLETTER - SPRING 2020

Newsletter of the Department of Economics
Spring 2020

Our lives changed abruptly since the beginning of March. The pandemic imposed a new way of life to which our country adapted successfully. The results have been a pleasant surprise not only for us living in Greece but worldwide. The advancement of values such as solidarity, protection of vulnerable groups, as well as personal responsibility signalled the new post-Covid era.

The former governor of the Bank of England, Mark Carney, wrote in a recent article in The Economist that “…. As our digital and local lives expand and our physical and global ones contract, this sea change will create and destroy value..”.

The Department of Economics adapted immediately to the digital performance of all its functions so that our students did not waste time and opportunities. All lectures after 11 March 2020 took place on-line using new technology tools. Most other functions, such as tutorials, Ph.D. vivas, governing council meetings, elections, administrative support were also performed on-line. The new skills we learnt will help us and our students to manage more efficiently our professional lives in the future and improve our productivity.

After our successful adaptation to the new conditions it is important to remain optimistic, flexible and persistent in order to achieve our goals of high-quality research and teaching that characterize our department and its staff. It is this quality that grants our department the first place among all other departments of economics in Greece in many international rankings (e.g. ideas.repec.org).

Professor Helen Louri
Head of the Department of Economics

In collaboration with the Foundation for Economic & Industrial Research (IOBE), the Department of Economics and its Laboratory of Economic Policy Studies (EMOP) organized the 2019 annual meeting of the Association of Southern-European Economic Theorists, ASSET 2019. The Department and EMOP are active members of ASSET since the early nineties. The conference took place from Friday October 25 to Sunday October 27, 2019 at the premises of the Athens University of Economics and was attended by more than 200 academics from all over the world. The plenary speakers where professors Evi Pappa (Universidad Carlos III, Spain) and Leeat Yariv (Princeton University, USA).

AUEB's Department of Economics invites its graduates to join the new platform alumni.aueb.gr

The External Evaluation of the Department of Economics was undertaken by ADIP (the HELLENIC QUALITY ASSURANCE AND ACCREDITATION AGENCY) on the 1st and 2nd of July 2019. The evaluation was conducted by Professor Chari Jannis Angelis (KTH Royal Institute of Technology), Professor Nikolaos Georgantzis (Burgundy School of Business), Associate Professor Vasileios Zervos (ISU and University of Strasbourg), Professor Ioannis Violaris (City Unity College Nicosia, Cyprus), and Mr Vasileios Samoutis (Economic Chamber of Greece). The Panel confirmed the very high standing of the Undergraduate Study Programme, where the Department attained "full compliance" in 10 out of 10 key Principles.

Professor Lars Peter Hansen was awarded an Honorary Doctorate by the Department of Economics of the Athens University of Economics and Business on May 28th, 2019. The ceremony took place at the Main Hall “Aula” at 18.30.
Bio

Welcome address by the Rector of the University, Professor Emmanouil Giakoumakis

Welcome address by the Head of the Department of Economics, Professor Eleni Louri

Presentation of Professor Lars Peter Hansen’s scientific work by the Professor of the Department of Economics, Tryphon Kollintzas

Conferment of Doctorate "Honoris Causa" on Professor Lars Peter Hansen

The Head of the Department, Professor Eleni Louri – Dendrinou reads the conferment resolution as adopted by the University’s Department of Economics

The Rector Professor Emmanouil Giakoumakis reads the Pronouncement

The Dean of the School of Economic Sciences, Associate Professor Anastasia Miaouli reads the award

Keynote speech delivered by Professor Hansen entitled “Uncertainty in Economics: Why Should We Care?”

The Department of Economics of the Athens University of Economics & Business (AUEB) pioneered in organising postgraduate studies in Economics in Greece since 1978, both at the Master’s and doctoral level. During its long history, the Department has trained highly-qualified economists, many of whom now hold academic and research positions in universities and research institutes or occupy high level managerial positions both in Greece and abroad.

The postgraduate programs of the Department are highly regarded and attract a large number of quality candidates every year. The Department offers:

• a full-time Master’s program MSc in Applied Economics and Finance
• a part-time Master’s program MSc in Applied Economics and Finance<
• a full-time Master’s program MSc in Business Economics with Analytics
  new program - expected soon
• a part-time Master’s program MSc in Business Economics with Analytics
  new program - expected soon
• Doctoral Program (Ph.D) in Economics

The Department of Economics also co-organises the following four inter-departmental Master’s Programs, jointly with the Department of International & European Economic Studies - DIEES.

• full-time MSc in Economics
• full-time MSc in Finance and Banking
• part-time MSc in Finance and Banking
• part-time MSc in Public Policy & Public Management

The flagship PhD program of the Department aims to prepare candidates wishing to pursue an academic or research-oriented career in the public and business sector. Our Department is a pioneer in organizing doctoral studies in Economics in Greece. Graduates of the Program are currently serving as faculty members at universities in Greece and abroad, and are employed at research institutes such as the Centre of Planning and Economic Research (KEPE), at the Hellenic Statistical Authority (ELSTAT), Bank of Greece, and Ministries as senior executives, in private banks and other public and private organizations.

Professor George Alogoskoufis was awarded the Certificate of Achievement of the journal Economica for his paper on “The Clash of Central Bankers with Labor Market Insiders, and the Persistence of Inflation and Unemployment” that was published in January 2018 and emerged as one of the journal's top downloaded recent papers.

Assistant Professor Spyros Pagratis received the Outstanding Teaching Performance Award of the Department of Economics for the undergraduate course in Corporate Finance, for the year 2018-2019. He also received the Teaching Excellence Award of MBA International for the elective graduate course in Corporate Finance, for the year 2018-2019.

Fabio Antoniou
Research Grant EL.ID.E.K., for research on “The Origins of State Capacity and its Implications on the Contemporary Economy and Economic Policy", 2020-2022.

Stylianos Arvanitis
Research Grant EL.ID.E.K., jointly with Nikolas Topaloglou, for research on “Statistical Tests for Stochastic Dominance and Stochastic Spanning and Applications in Finance and Economics”, 2020-2022.

Konstantinos Florios
Research Grant EL.ID.E.K., for research on “Heuristic and Exact Real-integer Optimization Methods in Discrete Choice Analysis (HEROIDA)”, 2020-2022.

Apostolis Philippopoulos
Research grant from the London School of Economics’ Hellenic Observatory, jointly with George Economides, for research on “Economic Growth in Greece: Barriers to, and Engines of, Growth”, 2019-2020.

Elias Tzavalis

• Researh Grant EL.ID.E.K., jointly with Dimitrios K. Christopoulos and Yannis Dendramis, for research on "Dealing with the Problem of Endogeneity in Threshold Models", 2020-2022.
• Research Grant by Alpha Bank, jointly with Konstantine Gatsios, and Yannis Dendramis, for research on "Modelling Credit Risk for Consumer and Small Business Loans", 2017-2020.

Fabio Antoniou joined the Economics Department of the Athens University of Economics and Business (AUEB) on January 2020. He received his Ph.D. in Economics from the Athens University of Economics and Business. He holds an MSc in Economics from the Economics Department of the University of Essex and a BA in Economics from the Department of Economics of the University of Athens. After the completion of his doctorate he worked at the University of Cyprus, at Humboldt University Berlin and at the University of Ioannina. His research focuses in Applied Microeconomic Theory (I.O., Public Economics, and International Trade). His recent work focuses on time inconsistency issues in storable good markets and on the design of mechanisms that promote efficiency in non-cooperative games with externalities. He has published in various journals, such as the RAND Journal of Economics, Economica, International Journal of Industrial Organization, Oxford Economic Papers, Environmental and Resource Economics, Southern Economic Journal etc.

Representative Publications:

• On The Strategic E¤ect of International Permits Trading on Local Pollution (with E.Kyriakopoulou), Environmental and Resource Economics (2019) Vol. 74 No 3: 1299-1329
• Strategic Inventories under Limited Commitment (with R. Fiocco), RAND Journal of Economics, (2019) Vol. 50, No 3: 695-729
• Destination vs. Origin-based Commodity Taxation in Large Open Economies with Un-employment (with P. Hatzipanayotou and N. Tsakiris), Economica (2019), Vol. 86,67-86.
• The Electiveness of Taxation and Feed-in Subsidies (with R. Strausz), Environmental and Resource Economics(2017) Vol.67, No 4: 925-940.Best Paper of the Year 2017 in ERE
• Asymmetric Price Adjustment: A ProducersíSide Approach (with R. Fiocco and D.Y.Guo), International Journal of Industrial Organization(2017) Vol.50: 335-360.
• On the Informational Superiority of Quantities over Prices in the Presence of an Exter-nality: a Non-parametric Model (with N. Tsakiris), Environmental and Resource Economics(2016) Vol. 65, No 1: 227-250 .

Yiannis Dendramis joined the Economics Department at the Athens University of Economics and business in September of 2018. He holds a Ph.d. and M.A. in economics, from the Athens University of Economics and Business, and a B.A. in mathematics from the National and Kapodistrian University of Athens.

He holds the Marie Sklodowska Curie, European research fellowship for the academic years 2016 to 2018. Previously, he has held tenure track position in the University of Cyprus, at the Department of Finance. Prior to that he has been a visiting Lecturer at Queen Mary University of London as well as a Postdoctoral research fellow. 

His research has been funded by the European Union, as well as Governmental and Private organizations. His current research and teaching interests are focused in the area of Finance with special emphasis on Econometric methodology (theory and practice).

His work has been published in journals such as: Journal of Economic Dynamics and Control, Journal of Banking and Finance, Journal of Empirical Finance and Journal of Forecasting.

Representative Publications:

• “Credit Risk Modelling Under Recessionary and Financially distressed Conditions”, with Elias Tzavalis and George Adraktas, (2017, forthcoming in Journal of Banking and Finance).
• “On the determinants of NPLs: Lessons from Greece’’, with Charalambakis, V. and E. Tzavalis, (2017, forthcoming in: The Greek Debt Crisis: A Political Economy Perspective, Palgrave Macmillan).
• “Shifts in Volatility Driven by Large Stock Market Shocks”, with George Kapetanios and Elias Tzavalis, Journal of Economic Dynamics and Control, 2015, 55, 130-147.
• “Level Shifts in Stock Returns Driven by Large Shocks”, with George Kapetanios and Elias Tzavalis, Journal of Empirical Finance, 2014, 29, 41-51.
• “Are Regime Sources of risk Priced in Asset Markets?”, with Elias Tzavalis and Kyriakos Chourdakis, Journal of Empirical Finance, 2014, 28, 151–170.
• “Forecasting VaR models under Different Volatility Processes and Distributions of Return Innovations”, with Elias Tzavalis and Giles Spungin, Journal of Forecasting, 2014, 33, 515-531.

Evangelos Dioikitopoulos joined the Economics Department of the Athens University of Economics and Business (AUEB) in the summer of 2018. He received his Ph.D. in economics from Athens University of Economics and Business. After the completion of his doctorate he worked at the University of Cyprus, Brunel University and King’s College London. He holds a Master of Research in Εconomics from the European University Institute in Florence, an MSc in International Economics from AUEB and a Bachelorʼs in Economics from the Aristotle University of Thessaloniki, where he graduated top 3rd of his class. His research focuses in the area of Growth Theory, Dynamic Optimal Taxation, Development, Demographics and Environmental Economics. His recent work belongs in the area of Behavioural Macroeconomics where he tries to explain the inequality epidemic through behavioural/cultural changes that occur during the stages of economic development. Last, he also works on Unified Growth Theory after his research visit in the department of economics of Brown University. In particular, he tries to explain the persistent effect of history, culture and economic thought on contemporary economic outcomes. This includes the effect of England enclosures movement during the Malthusian era on the emergence of industrialization, and the role of ancestry adjusted genetic diversity on stock market participation rate in US. To that end, he has scientific interest on economic history and history of economic thought. He has published in many leading peer-refereed journals, such as the Journal of Economic Dynamics and Control, Canadian Journal of Economics, Macroeconomic Dynamics and the Journal of Public Economic Theory.

Representative publications:

• "Dynamic Adjustment of Fiscal Policy under a Debt Crisis", single authored, forthcoming, Journal of Economic Dynamics and Control (2018).
• "Green Spending Reforms, Growth and Welfare with Endogenous Subjective Discounting", Macroeconomic Dynamics (2015), with E. Vella and S. Kalyvitis.
• "Optimal Fiscal Policy with Endogenous Time Preference", Journal of Public Economic Theory (2015), with S. Kalyvitis
• "Aging, Growth and the Allocation of Public Expenditures on Health and Education", single authored, Canadian Journal of Economics (2014).
• "Endogenous Time Preference and Public Policy:  Growth and Fiscal Implications" (with S.Kalyvitis), Macroeconomic Dynamics (2010).
• "Public Capital Maintenance and Congestion: Long-Run Growth and Fiscal Policies" (with S.Kalyvitis), Journal of Economic Dynamics and Control, December, (2008).

• Exact and approximate bounds for portfolio analysis, by Stelios Arvanitis (with Sofia Anyfantaki, Thierry Post, and Nikolas Topaloglou)
• Dealing with endogeneity in threshold models using copulas, by Elias Tzavalis (with Dimitris Christopoulos and Peter McAdam)

• 01-20: Ioannis Besis and Ioanna Sapfo Pepelasis, Incubated Early Stage Startuppers in Athens and their Initiatives during the Crisis (2010-2016)
• 02-20: George Alogoskoufis and Stelios Giannoulakis, Alternative Monetary Policy Rules in an Imperfectly Competitive Dynamic Stochastic General Equilibrium Model
• 03-20: Alexandros Botsis, Christoph Görtz and Plutarchos Sakellaris, Quantifying Qualitative Survey Data: New Insights on the (Ir)Rationality of Firms' Forecasts
• 04-20: Efthymios Argyropoulos, Nikolaos Elias, Dimitris Smyrnakis and Elias Tzavalis, Can Country-Specific Interest Rate Factors Explain the Forward Premium Anomaly?
• 05-20: Minghua Cheny, Konstantinos Serfes and Eleftherios Zacharias, Signaling product quality through prices in an oligopoly model with costly consumer search
• 06-20: George C. Bitros, Thinking ahead of the next big crash: Clues from Athens in classical times
• 07-20: Stelios Giannoulakis and Plutarchos Sakellaris„, Financial crises, firm-level shocks, and large downturns:Evidence from Greece
• 01-19: Ioanna Sapfo Pepelasis and Maria E. Vidali, An Empirical Model of Joint Stock Company Births, Greece: 1840-1939 
• 02-19: George D. Demopoulos and Nicholas A. Yannacopoulos, The Transfer Problem, Domestic Deflation and Unemployment in Currency Areas
• 03-19: George C. Bitros, Potential Output, Capital Input and U.S. Economic Growth
• 04-19: George C. Bitros, Demand Adjusted Capital Input and Potential Output in the Context of U.S. Economic Growth
• 05-19: Andriana Vlachou and Georgios Pantelias, Climate under Neoliberalism: The EU Emissions Trading System in crisis-ridden Greece
• 06-19: Tryfon Christou, Apostolis Philippopoulos and Vanghelis Vassilatos, Modeling Rent Seeking Activities: Quality of Institutions, Macroeconomic Performance, and the Economic Crisis
• 07-19: Maria Karadima and Helen Louri, Bank Competition, Concentration and Non-performing Loans in the Euro Area: An Intricate Relationship

This weekly seminar series is organized jointly by the Department of International and European Economic Studies and the Department of Economics of the Athens University of Economics and Business (AUEB).

Seminars are held on Thursdays, 3:30-4:45 pm in room A36, 3^rd floor, Antoniadou Building, Patission 76 (unless otherwise noted).

The following speakers were invited during the academic year 2019-20:

• Syropoulos, Constantinos, Drexel University, "On Trade and the Stability of (Armed) Peace"
• Francisco Nadal De Simone, Luxembourg School of Finance, University of Luxembourg, and Sacred Heart University, Luxemburg, "Measuring the Deadly Embrace: A First (Enveloping) Attempt"
• Aslanidis, Nektarios, Universitat Rovira I Virgili, "Commodity Market Integration in West Africa, 1840-1938"
• Lagakos, David, Department of Economics, University of California San Diego, "Why are Average Hours Worked Lower in Richer Countries?

Papers and Research Seminars Announcements are posted at
https://dept.aueb.gr/en/econ/content/research-seminar-series

George D. Demopoulos, Professor of Economics, Emeritus and European Chair Jean Monnet organizes at the Athens University of Economics and Business the very successful Jean Monnet Seminar Series for the last 23 academic years  (Spring semester) in the context of the activities of the European chair.  The Seminar has the following subject: “European Economic Integration and Public Policy”.

It is a weekly seminar, of 2 ½ hours duration, which takes place each Wednesday 19:00 - 21:00 (in the Amphitheatre Derigny) and in a weekly base welcomes an average number of 200 undergraduate and postgraduate students of the Department of Economic Science, of the Department of International and European Economic Studies of the Athens University of Economics and Business and of other Departments of Universities of the city of Athens and Pireaus.

The Seminar deals with current problems of the Greek, European and International economy, and with issues involving the operation of the EU Institutions and their prospects.

Many Professors of Greek Universities along with many distinguished executives of financial Institutions and executives of the European Committee (when they are found in Athens) are invited to give their lectures in the Seminar series in subjects that are mentioned before . A small introduction of the subject is given by Professor George Demopoulos who hosts the Seminar. In the end of the lecture of every invited speaker, the audience addresses the speaker with several questions on the relevant subject.

The students who participate in the 80% of the lectures of the Seminar Series, receive certification of their participation after the completion of the Series. The Seminar constitutes henceforth one important forum (in which Professors and researchers can present (in a simplified form) part of their research.

The weekly announcement of the Seminar is being sent out to Professors of similar Departments of our Universities, in scientific centers, and financial Institutions.

It must be noted that an Annual Report on the activities of the European Chair Jean Monnet (no. 97/0243) that Professor Emeritus George D. Demopoulos holds is submitted to the Directorate General for Education and Culture, European Commission, undersigned by the Rector of our University.

The program (in greek) of the academic year 2019-20 is available here.

The PhD candidates of the department of Economics can be found here.   

George Alogoskoufis

• Dynamic Macroeconomics, MIT Press, Cambridge MA (2019).
• “Greece and the Euro: A Mundellian Tragedy”, CGK Working Paper no. 2019-01, Fletcher School, Tufts University (April 2019) (also GreeSE Paper no.136, Hellenic Observatory, London School of Economics (May 2019).
• “Economic and Financial Asymmetries in the Euro Area” (with Laurent Jacque), CGK Working Paper no. 2019-02, Fletcher School, Tufts University (April 2019).
• “Η Ελλάδα και το Ευρώ: Από την Κρίση στην Ανάκαμψη”, Foreign Affairs: The Hellenic Edition, (Ιούνιος-Ιούλιος 2018), σελ. 60-69.
• “The Clash of Central Bankers with Labour Market Insiders, and the Persistence of Inflation and Unemployment”, Economica, 2018, Vol.85, no 337, 152-176.

Fabio Antoniou

• "On The Strategic Effect of International Permits Trading on Local Pollution (with E. Kyriakopoulou), Environmental and Resource Economics, 2019, 74 (3): 1299–1329.
• "Strategic Inventories under Limited Commitment" (with R. Fiocco) RAND Journal of Economics, 2019, 50 (3): 695-729.
• "Destination vs. Origin-based Commodity Taxation in Large Open Economies with Unemployment" (with P. Hatzipanayotou and N. Tsakiris), Economica, 2019, 86 (1): 67-86.

Stylianos Arvanitis

• "Stochastic Bounds for Reference Sets in Portfolio Analysis" (with Post,Th.and Topaloglou, N.), 2020, forthcoming in Management Science, https://ssrn.com/abstract=3181869.
• "Nonparametric Tests for Superior Predictive Ability" (with Karabati, S., Post,T. and Potì, V.), 2020. Available at SSRN: https://ssrn.com/abstract=3251944 or http://dx.doi.org/10.2139/ssrn.3251944.
• "Spanning analysis of stock market anomalies under Prospect Stochastic Dominance" (with Scaillet, O. and Topaloglou, N.), 2020, Swiss Finance Institute Research Paper No. 20-18. Available at SSRN: https://ssrn.com/abstract=3569755 or http://dx.doi.org/10.2139/ssrn.3569755.
• "On the limit theory of the Gaussian SQMLE in the EGARCH(1,1) model. J. Time Ser. Anal." (with Anyfantaki, S.),2020, 41: 341-350. doi:10.1111/jtsa.12494.
• “Spanning Tests for Markowitz Stochastic Dominance” (with Scaillet, O. and Topaloglou, N.), Journal of Econometrics, 2019, ISSN 0304-4076, https://doi.org/10.1016/j.jeconom.2019.12.005.
•  “Robust Optimization of Forecast Combinations” (with Post, T. and Karabatı, S.), International Journal of Forecasting, 2019, Vol. 35(3), 910-926.
• “Stable limit theory for the Gaussian QMLE in a non-stationary asymmetric GARCH model”, Statistics & Probability Letters, Vol. 145, 166-172.
• “Portfolio optimization based on stochastic dominance and empirical likelihood” (with Post, T. and Karabatı, S.), Journal of Econometrics, 2018, Vol. 206(1), 167-186.
• “Stochastic Spanning” (with Hallam, M., Post, T., and Topaloglou, N.), 2019, Journal of Business & Economic Statistics, 37(4), 573-585.
• “Mildly Explosive Autoregression Under Stationary Conditional Heteroskedasticity” (with Magdalinos, T.), Journal of Time Series Analysis, 2018, Vol. 39, 892-908.

Nicholas Baltas

• “Foreign direct investment in OECD countries: a special focus in the case of Greece” (with Tsionas, M. and Baltas, K.), Applied Economics, 2018, Vol. 50(52), 5579-5591.

Konstantinos Florios

• "A hyperplanes intersection simulated annealing algorithm for maximum score estimation", Econometrics and Statistics, 8 (2018), 37-55.
• "Εxact computation of censored least absolute deviations estimator" (with Bilias,Y.and Skouras, S.), Journal of Econometrics, 212 (2019), 584-606.

George Bitros

• “Demand Adjusted Capital Input and Potential Output in the Context of U.S. Economic Growth”, Journal of Economic Asymmetries, June 2020, Vol.21, Article e00140.
• “Σύντομη αναφορά στον Samuelson,” Ξενοφών, 68-78, 2019.
• Democracy and money: Lessons for today from Athens in classical times, in collaboration with Emmanouil M. L. Economou and Nicholas C. Kyriazis, Routledge, https://www.routledge.com/Democracy-and-Money-Lessons-for-Today-from-Athens-in-Classical-Times/Bitros-Economou-Kyriazis/p/book/9780367509170
• “Germany and Greece: A mapping of their great divide and its EU implications,” European Research Studies Journal, 2018, Vol. XXI, 14-42.
• “Monetary Policy, Market Structure and the Income Share in the U.S,” Open Economies Review, 2018, Vol. 29, 383-413.

Yiannis Dendramis

• “A similarity-based approach for macroeconomic forecasting” (with Kapetanios, G. and Marcellino, M.), 2020, Journal of the Royal Statistical Society: Series A (Statistics in Society).
• "Predicting default risk under asymmetric binary link functions” (with Tzavalis, E., Varthalitis, P. and Athanasiou, E.), 2020, International Journal of Forecasting,36(3), 1039-1056.
• “Understanding technology ownership to reveal adoption trends for energy efficiency measures in the Greek residential sector”( Spyridaki Niki-Artemis, Stavrakas, V. and Flamos, A), 2020, vol.140.
• “Credit Risk Modelling Under Recessionary and Financial distressed Conditions” (with Tzavalis, E. and Adraktas, G.), Journal of Banking and Finance, 2018, Vol. 91, 160-175.
• “On the determinants of NPLs: Lessons from Greece’’ (with Charalambakis, V. and Tzavalis, E.), The Greek Debt Crisis: A Political Economy Perspective, Palgrave Macmillan, 2018.

Evangelos Dioikitopoulos

• “Dynamic Status Effects, Savings and Income Inequality” (with Turnovsky, S. and Wendner, R.), 2020, International Economic Review.
• Roads to Prosperity without Environmental Poverty: The Role of Impatience and Fiscal Policy (with Karydas, C., Ghosh, S. and Vella, E., 2020, Economics Letters.
• “Dynamic adjustment of fiscal policy under a debt crisis”, Journal of Economic Dynamics and Control, 2018, Vol. 93(C), 260-276.
• Public Policy, Dynamic Status Preferences, and Wealth Inequality (with Turnovsky, S. and Wendner, R.), 2018, Journal of Public Economic Theory.

Christos Genakos

• “The European Framework for Regulating Telecommunications – a 25-year appraisal” (with Cave, M. and Valletti, T.), Review of Industrial Organization, 2019, Vol.55, 47-62.
• “Is Having an Expert Friend Enough? An Analysis of Consumer Switching Behaviour in Mobile Telephony” (with Costas Roumanias and Tommaso Valletti),submitted.
• “Competition and Pass-Through:Evidence from Isolated Markets” (with Mario Pagliero),CEPR,CEP,SSRN working papers,2019.
• “The Impact of Markup Regulation on Prices” (with Koutroumpis, P. and Pagliero, M.), Journal of Industrial Economics, 2018, Vol. 66(2), 239-300.
• “Leveraging Monopoly Power by Limiting Inter-operability: Theory and Evidence from Computer Markets” (with Kühn, K.-U. and Van Reenen, J.), Economica, 2018, Vol. 85(340), 873-902.
• “The Tale of the Two Greeces: Some Management Practices Lessons”, Managerial and Decision Economics, 2018, Vol. 39(8), 888-896.
• “Evaluating Market Consolidation in Mobile Communications” (with Valletti, T. and Verboven, F.), Economic Policy, 2018, Vol. 33(93), 45–100.

Ioannis Katselidis

• Institutions, Policy and the Labour Market: The Contribution of the Old Institutional Economics, Economic Thought (2019), 8 (2), 13-30.
• Classical and Pre-Marginalist Ideas on the Relationship between Economics and Psychology (with Stavros Drakopoulos), History of Economic Ideas (2019), XXVII (1), 43-63.

Ioannis Katsoulacos

• “Combining Cartel Penalties and Private Damage Actions: The Impact on Cartel Prices”, (with Evgenia Motchenkova and David Ulph), International Journal of Industrial Organization, 2020.
• “Penalising Cartels – A Spectrum of Regimes” (with Motchenkova, E. and Ulph, D.) Journal of Antitrust Enforcement, 2019.
• “Penalizing on the basis of the severity of the offence: A sophisticated revenue-based cartel penalty” (with E Motchenkova and D Ulph), Review of Industrial Organization, 2019.
• “The role of judicial review in developing evidentiary standards: the example of market analysis in Russian competition law enforcement” (with Avdasheva S. and Golovanova, S.), International Review of Law & Economics, 2019.
• “On the Choice of Legal Standards: a Positive Theory for Comparative Analysis”, European Journal of Law and Economics, 2019.
• “On the Concepts of Legal Standards and Substantive Standards (and how the latter influences the choice of the former)”, Journal of Antitrust Enforcement, 2019.
• “Antitrust Enforcement in Europe in the Last 25 Years: Developments and Challenges” (with Makri, G and Metsiou, E.), The Review of Industrial Organization, 2019.
• “Competition Policy and Labor Productivity Growth: Some new evidence” (with Benetatou K., K Kyriazidou and G Makri), Empirical Economics, 2019.
• “Public and private antitrust enforcement for cartels: should there be a common approach to sanctioning based on the overcharge rate?" (with Motchenkova E. and D Ulph), Journal of Contemporary Economics (Revista de Economia Contemporanea), 2019.
• “The Impact of Performance Measurement on the Selection of Performance Targets by Competition Authorities: the Russian Experience in an International Context” (with Avdasheva, S. and Golovaneva S. ). Public Performance and Management Review, 2018.
• “Optimal institutional structure of Competition Authorities under reputation maximization” a model and empirical evidence from the case of Russia” (with Avdasheva, S. and Golovaneva, S.), The Review of Industrial Organization, 2018.
• “The Deterrence Effects of Competition Policy”, with Adriaan Dierx, Fabienne Ilzkovitz and D Ulph, in "Ex Post Economic Evaluation of Competition Policy: The EU Experience". Edited by Adriaan Dierx, Fabienne Ilzkovitz, Wolters Kluwer, 2018.
• “A methodology for empirically measuring the extent of economic analysis & evidence and identifying the legal standards in Competition Law enforcement” (with Avdasheva, S. and Golovanova, S.), in Festschrift in Honour of Frederic Jenny, Concurrences Review, 2018.
• “Why an increase in anti-trust penalties may be self-defeating?” in Festschrift in Honour of Frederic Jenny, Concurrences Review, 2018.
• “Public and Private Antitrust Enforcement for Cartels: Should there be a Common Approach to Sanctioning Based on the Overcharge Rate?” (with Motchenkova, E. and Ulph, D.), CPI Antitrust Chronicle, 2018.

Tryphon Kollintzas

• “Market and Political Power Interactions in Greece: A Theory” (with Papageorgiou, D. and Vassilatos, V.), European Journal of Political Economy, 2018, Vol. 53, 59-83.
• “Market and Political Power Interactions in Greece: An Empirical Investigation” (with Papageorgiou, D., Tsionas, M. and Vassilatos, V.), IZA Journal of Labor Policy, 2018, Vol. 7(1).

Aikaterini Kyriazidou

• “Competition Policy and Labor Productivity Growth: Some new evidence,” (with Benetatou, K., Kasoulakos, Y. and Makri, G.), Empirical Economics, 2019, DOI: 10.1007/s00181-019-01656-x.
• “Panel Vector Autoregressions with Binary Data,” (with Honoré, B.), Chapter 8, in Tsionas, M. (eds.), “Panel Data Econometrics”, 2019.

Theodore Lianos

• “Steady State Economy at Optimal Population Size”, Journal of Population and Sustainability, 2019, Vol 3(1).
• “Περί Πλούτου και Σταθερής Οικονομίας”, Εκδ. Καστανιώτη. (Wealth and Steady-State Economy, Kastaniotis, 2018.
• “Η Πολιτική Οικονομία του Ησιόδου”, Οικονομικό Επιμελητήριο Ελλάδος. (The political Economy of Hesiod, Economic Chamber of Greece, 2018.
• “Overeducation of University Graduates: A voluntary and rational  choice of individuals - The case of three Greek Universities” (with Pseiridis, A. and Agiomirgianakis, G.), Theoretical Economic Letters, Vol. 8(11), 2018.
• “Is University Education an Investment or a Consumption Good in a Small Open Economy?” (with Pseiridis, A. and Agiomirgianakis, G.), Int. J. Education Economics and Development, 2018, Vol. 9(3).
• “Steady State Economy and Population”, South-East Europe Journal of Economics, 2018, Vol. 16(1).

Helen Louri

• “Are Banks Using Leverage to Target Return on Equity? Evidence from the US and the EU” (with Pagratis, S.and Karakatsani, E.), 2020, Oxford Economic Papers (forthcoming).
• “Economic policy uncertainty and NPLs: The moderating role of bank concentration” (with Karadima, M.), 2020, Finance Research Letters (forthcoming).
• “Reply to Remarks on Bank Competition and Convergence Dynamics” (with Karadima, M.), 2020, Journal of Risk and Financial Management, 13 (127), 1-6.
• “Bank competition and credit risk in euro area banking: Fragmentation and convergence dynamics” (with Karadima, M.), 2020, Journal of Risk and Financial Management, 13 (57), 1-28.
• “Bank competition and credit risk in the euro area, 2005-17: Is there evidence of convergence?” (with Karadima, M.), 2020, LEQS Papers 155, LSE.
• “Non-performing loans in the euro area: Does market power matter?” (with Karadima, M.), Bank of Greece Workimg Paper, 2019, no 271.
• “Financing economic activity in Greece: Past challenges and future prospects” (with Migiakis, P.), GreeSE Papers no 135, HO/EI, LSE, 2019.
• “Banking concentration and firm growth: The role of size, location and financial crisis” (with Dimelis, S. and Giotopoulos, I.), Bulletin of Economic Research, 2019, Vol 71(3), 428-438.
• “Bank lending margins in the euro area: funding conditions, fragmentation and ECB’s policies” (with Migiakis, P.), Review of Financial Economics, 2019, Vol 37(4), 482-505.
• “Non-performing loans in the euro area: Are core-periphery banking markets fragmented?” (with Anastasiou, D. and Tsionas, M.), International Journal of Finance and Economics, 2019, Vol. 24(1), 97-112.

Spyros Pagratis

• “Bank capital buffers in a dynamic model,” (with J. Mankart & A. Michaelides), 2020, Financial Management, 49: 473-502. https://doi.org/10.1111/fima.12253.
• “Limits to arbitrage and CDS-bond dynamics around the financial crisis,” (with G. Chalamandaris), 2019, Journal of Empirical Finance, 54: 213-235. https://doi.org/10.1016/j.jempfin.2019.10.003.
• “Are banks using leverage to target return on equity? Evidence from the US and the EU,” (with E. Louri & E. Karakatsani), 2019, Oxford Economic Papers. https://doi.org/10.1093/oep/gpz049.

Ioanna Sapfo Pepelasis

• “A break with the past? The shift from inward looking to internationally competitive and born global firms” (with Protogerou, A.), Managerial and Decision Economics, 2018.
• “Why leverage does not always deliver: Lessons from the performance of the top 50 industrial firms in Greece during the Great Depression” (with Zarkos, S. and  Aivalis, C.), Business History, 2018.

Apostolis Philippopoulos

• "Optimal tax policy under tax evasion" (with George Economides and Anastasios Rizos), International Tax and Public Finance, vol. 27, 339-362, 2020.
• "On the mix of government expenditures and tax revenues" (with George Economides, Hyun Park and Stelios Sakkas), forthcoming in Macroeconomic Dynamics, 2020.
• "Macroeconomic policy lessons for Greece from the debt crisis" (with George Economides and Dimitris Papageorgiou), CESifo Working Paper, Munich, no. 8188, April 2020.

Plutarchos Sakellaris

• "Quantifying Qualitative Survey Data: New Insights on the (Ir)Rationality of Firms' Forecasts" (with Botsis, A. and Görtz, C.), 2020, CESifo Working Paper Series 8148, CESifo.
• "Extensions of the Pesaran, Shin and Smith (2001) bounds testing procedure" (with Bertsatos, G. and Tsionas, M.).

Elias Tzavalis

• “Predicting Default Risk under Asymmetric Binary Link Functions”, (with Y. Dendramis, P.Varthalitis and E. Athanasiou), International Journal of Forecasting (2020), 36, 1039-1056.
• “Dealing with Endogeneity in Threshold Models using Copulas” (with Christopoulos, D. and McAdam, P.), Journal of Business & Economic Statistics, 2019, forthcoming.
• “Generalized Fixed-T Panel Unit Root Tests" (with Y. Karavias), Scandinavian Journal of Statistics (2019), 46, 1227-1251.
• “The Influence of Real Interest Rates and Risk Premium Effects on the Ability of the Nominal Term Structure to Forecast Inflation” (with Argyropoulos, E.), Quarterly Review of Economics and Finance, 2019, forthcoming.
• “Credit risk modelling under recessionary and financially distressed conditions” (with Dendramis, Y. and Adraktas, G.), Journal of banking and Finance, 2018, Vol. 91, 160-175.                                                 
• “Higher Order Expansions for Error Variance Matrix Estimates in the Gaussian AR(1) Linear Regression Model” (with Karavias, Y. and Symeonides, S.), Statistics and Probability Letters, 2018, Vol. 135, 54-59.

Vangelis Vassilatos​​​ 

• “Market and Political Power Interactions in Greece: An Empirical Investigation” (with Papageorgiou, D., Tsionas, M., and Kollintzas, T.), IZA Journal of Labor Policy, 2018, Vol 7(1), 1-43.
• “Market and Political Power Interactions in Greece: A Theory” (with Kollintzas, T. and. Papageorgiou, D.), European Journal of Political Economy, 2018, Vol. 53, 59-83.

Nikolaos Vettas

• “The impact of reforms on the sectors of tradable goods and services” (with Papadakis, M., Peppas, M., and Vassiliadis, M.), Economic Bulletin 46, Bank of Greece, 2019, forthcoming.
• “Economic crisis and export‐oriented entrepreneurship: Evidence from Greece” (with Giotopoulos, I.), Managerial and Decision Economics, 2018, Vol. 39(8).

Andriana Vlachou

• "The EU Emissions Trading System in crisis-ridden Greece: Climate under Neoliberalism", Review of Radical Political Economics, 2019, forthcoming (with G. Pantelias).
• “Ecological Challenges: A Marxist Response” in T. Burczak, R. Garnett, and R. McIntyre (eds.), Knowledge, Class, and Economics: Marxism without Guarantees, London and New York: Routledge, 2018, 485-501.
• “Appropriating Nature in Crisis-ridden Greece: Deepening Neoliberal Capitalism”, Part 2, (with Konstantinidis, C.) Capitalism, Nature, Socialism, 2018, Vol. 29(2), 108-121.

Editor: Helen Louri
Associate Editor: Spyros Pagratis
Prepared by: Fani Zervopoulou