the crisis in greece · 1 the crisis in greece academic articles and policy papers on the greek...

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The Crisis in Greece

Academic Articles and Policy Papers on the Greek Crisis and its impact on the Eurozone Crisis (2010-2011)

SUMMER 2010

(Source) Centre for Economic Policy Research: 1) Completing the Eurozone Rescue: What More Needs to Be

Done? By: Richard Baldwin, Daniel Gros and Luc Laeven June 2010

http://www.voxeu.org/reports/EZ_Rescue.pdf

(Source) The Hellenic Observatory European Institute London School of Economics & Political Science:

1) Rethinking Public Financial Management and Budgeting in Greece: time to reboot?

By: Efi Vraniali July 2010 http://www2.lse.ac.uk/europeanInstitute/research/hellenicObservatory/pdf/GreeSE/GreeSE37.pdf

2) The Greek Paradox of Falling Competiveness and Weak

Institutions in a High GDP Growth Rate Context (1995-2008): By: Theodore Pelagidis August 2010 http://www2.lse.ac.uk/europeanInstitute/research/hellenicObservatory/pdf/GreeSE/GreeSE38.pdf

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AUTUMN 2010 (Source) Greekeconomistsforreform.com: 1) Is Greece Relying Too Much on Taxes to Adjust?

By: Loukas Karabarbounis

September 9th, 2010

http://greekeconomistsforreform.com/wp-content/uploads/Karabarbounis_GER1.pdf

2) Coordination Problems, Perverse Incentives and the Key to Greek Recovery: The Greek Banking System

By: Spyros Pagratis

October 28th, 2010

http://greekeconomistsforreform.com/wp-content/uploads/Greek-banks-28-10-2010.pdf

3) The EMU Sovereign-Debt Crisis: A Call And An Opportunity for a Greek Supply-Side Revolution

By: Michael G. Arghyrou and Alexandros Kontonikas

November 2010

http://greekeconomistsforreform.com/wp-content/uploads/Summary-for-GEfR_revised.pdf


4) Privatization in the Name of ‘Europe’: analyzing the telecoms privatization in Greece from a ‘discursive institutionalist’ perspective

By: Christos Dimas November 2010 http://www2.lse.ac.uk/europeanInstitute/research/hellenicObservatory/pdf/GreeSE/GreeSE41.pdf

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WINTER 2010 (Source) Harvard Business Review: 1) The Euro in Crisis: Decision Time at the European Central Bank

By: Gunnar Trumbull, Dante Roscini and Diane Choi

December 11th, 2010

http://hbr.org/product/the-euro-in-crisis-decision-time-at-the-european-c/an/711049-PDF-ENG?Ntt=Greek%2520Crisis

(Subscription Needed)

(Source) Peter G. Peterson Institute for International Economics:

1) How Europe Can Muddle Through Its Crisis

By: Jacob Funk Kirkegaard

December 2010

http://www.iie.com/publications/pb/pb10-27.pdf

WINTER 2011

(Source) Greekeconomistsforreform.com:

1) Trichet Bonds To Resolve the European Sovereign Debt Problem

By: Nicholas Economides and Roy C. Smith

January 2011

http://greekeconomistsforreform.com/wp-content/uploads/Economides-Smith_Trichet_Bonds.pdf

2) Firm-level agreements are the right solution

By: Costas Meghir and Dimitri Vayanos

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January 2011

http://greekeconomistsforreform.com/wp-content/uploads/OPED-CMDV-blog-English.pdf


1) Characteristics of inflation in Greece: Mean Spillover Effects among CPI Components

By: Nicholas Apergis January 2011 http://www2.lse.ac.uk/europeanInstitute/research/hellenicObservatory/pdf/GreeSE/GreeSE43.pdf 2) Regional Distribution and Spatial Impact of FDI in Greece:

evidence from firm-level data By: Vassilis Monastiriotis and Jacob A. Jordaan February 2011 http://www2.lse.ac.uk/europeanInstitute/research/hellenicObservatory/pdf/GreeSE/GreeSE44.pdf (Source) Greekeconomistsforreform.com:

3) Eurobonds and European Policy Coordination: The View from the German Financial Sector

By: Michael Haliassos, Christian Knoll, and Jan Krahnen

February 10th, 2011

http://greekeconomistsforreform.com/wp-content/uploads/Eurobonds_Haliassos-Knoll-Krahnen.pdf

SPRING 2011

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1) The Injustice of the Justice System

By: Elias Papaioannou

March 2011

http://greekeconomistsforreform.com/wp‐content/uploads/injustice_Papaioannou.pdf


1) Greek Politics in the Era of Economic Crisis: Reassessing Causes and Effects

By: Christos Lyrintzis March 2011 http://www2.lse.ac.uk/europeanInstitute/research/hellenicObservatory/pdf/GreeSE/GreeSE45.pdf 2) Politics, Labor, Regulation, and Performance: lessons from the

privatization of OTE By: George Pagoulatos and Nikolaos Zahariadis April 2011 http://www2.lse.ac.uk/europeanInstitute/research/hellenicObservatory/pdf/GreeSE/GreeSE46.pdfril 2011 (Source) Harvard Business Review: 1) The Greek Crisis or Tragedy?

By: Dante Roscini, Jonathan Schlefer and Konstantinos Dimitriou

April 5th, 2011

http://hbr.org/product/the-greek-crisis-tragedy-or-opportunity/an/711088-PDF-ENG?Ntt=Greek%2520Crisis

(Subscription Needed)

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1) Η Αγορά Εργασίας στη Σύγχρονη Οικονοµία: Θεωρία και ∆ιδάγµατα για την Οικονοµική Πολιτική

By: Chris Pissarides

April 8th, 2011

http://greekeconomistsforreform.com/wp-content/uploads/pissarides-megaro-mousikis.pdf


1) Electoral Misgovernance Cycles: Evidence from wildfires and tax evasion in Greece and elsewhere

By: Spyros Skouras and Nicos Christodoulakis May 2011 http://www2.lse.ac.uk/europeanInstitute/research/hellenicObservatory/pdf/GreeSE/GreeSE47.pdf SUMMER 2011 (Source) The Hellenic Observatory European Institute London School of Economics & Political Science: 1) The Greek Fiscal Crisis and the Role of Fiscal Governance By: Georgia Kaplanoglou and Vassilis T. Rapanos June 2011 http://www2.lse.ac.uk/europeanInstitute/research/hellenicObservatory/pdf/GreeSE/GreeSE48.pdf (Source) Friedrich Ebert Stiftung – International Policy Analysis:

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1) Greece – a year in crisis: Examining the Social and Political Impact of an Unprecedented Austerity Programme By: Nick Malkoutzis June 2011 http://library.fes.de/pdf-files/id/ipa/08208.pdf (Source) European Council on Foreign Relations: 1) What Does Germany Think About Europe? By: Ulrike Guerot and Jacqueline Henard June 2011 http://www.ecfr.eu/page/-/ECFR36_GERMANY.pdf

(Source) Centre for European Reform: 1) Eurozone debt crisis: to restructure or not? By: Philip Whyte June 1st, 2011 http://www.cer.org.uk/publications/archive/bulletin-article/2011/eurozone-debt-crisis-restructure-or-not (Source) Le Monde Diplomatique (English Edition): 1) To reclaim Europe, first define it By: Chris J. Bickerton June 7th, 2011 http://mondediplo.com/blogs/to-reclaim-europe-first-define-it (Source) Open Democracy – Free thinking for the World: 1) Facing the Greek crisis: it’s the politics, stupid

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By: Takis S. Pappas June 11th, 2011

http://www.opendemocracy.net/printpdf/59935

(Source) The Centre for European Policy Studies:

1) Debt Reduction without a (messy) default By: Daniel Gros, Thomas Mayer June 23rd, 2011 http://www.ceps.be/book/debt-reduction-without-messy-default (Source) Open Democracy – Free thinking for the World: 1) Greece’s exit from the eurozone: a poisoned chalise By: Dionyssis G. Dimitrakopoulos June 28th, 2011 http://www.opendemocracy.net/printpdf/60187

(Source) The Hellenic Observatory European Institute London School of Economics & Political Science: 1) The Greek crisis in focus: Austerity, Recession and paths to

Recovery By: Vassilis Monastiriotis July 2011 http://www2.lse.ac.uk/europeanInstitute/research/hellenicObservatory/pdf/GreeSE/GreeSE%20Special%20Issue.pdf (Source) Le Monde Diplomatique (English Edition): 1) Europe’s wakeup call By: Serge Halimi

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July 2011

http://mondediplo.com/2011/07/01europe


1) An Evaluation of the French Proposal for a restructuring of Greek debt

By: Christian Kopf July 1st, 2011 http://www.ceps.be/book/evaluation‐french‐proposal‐restructuring‐greek‐debt

2) History repeating itself: From the Argentine default to the Greek

tragedy? By: Cinzia Alcidi, Alessandro Giovannini and Daniel Gros July 1st, 2011 http://www.ceps.be/book/history‐repeating‐itself‐argentine‐default‐greek‐tragedy

(Source) European Policy Centre:

1) The EU budget in an era of austerity: setting the example or compensating for national spending cuts?

By: Elisa Molino and Fabian Zuleeg July 7th-8th, 2011 http://www.epc.eu/documents/uploads/pub_1341_bugdet.pdf (Source) The Hellenic Observatory European Institute London School of Economics & Political Science: 1) Without purpose and strategy? A spatio-functional analysis of the

regional allocation of public investment in Greece By: Vassilis Monastiriotis and Yiannis Psycharis

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August 2011

http://www2.lse.ac.uk/europeanInstitute/research/hellenicObservatory/pdf/GreeSE/GreeSE49.pdf


1) August 2011: What to do when the euro crisis reaches the core By: Daniel Gros, Thomas Mayer August 18th, 2011 http://www.ceps.be/book/august-2011-what-do-when-euro-crisis-reaches-core

2) The Eurozone Debt Crisis: From its origins to a way forward By: Diego Valiante August 19th, 2011 http://www.ceps.be/book/eurozone‐debt‐crisis‐its‐origins‐way‐forward AUTUMN 2011 (Source) The Federal Trust for Education & Research:

1) Federal Union Now By: Andrew Duff September 2011 http://www.fedtrust.co.uk/admin/uploads/federal-union-now-book.pdf (Source) Friedrich Ebert Stiftung – International Policy Analysis: 1) Young Greeks and the Crisis: The Danger of Losing a

Generation

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By: Nick Malkoutzis September 2011 http://library.fes.de/pdf-files/id/ipa/08465.pdf

(Source) IRIS – Institut de Relations Internationales et Strategiques (in French):

1) La crise financiere et la faiblesse des politiques face aux forces du marche

By: Philippe Hugon September 2011 http://www.iris-france.org/docs/kfm_docs/docs/2011-09-crise-financiere.pdf (Source) The Hellenic Observatory European Institute London School of Economics & Political Science: 1) A Reflection of History: Fluctuations in Greek Sovereign Risk

between 1914 and 1929 By: Olga Christodoulaki, Haeran Cho and Piotr Fryzlewicz

September 2011

http://www2.lse.ac.uk/europeanInstitute/research/hellenicObservatory/pdf/GreeSE/GreeSE50.pdf

(Source) Centre for Economic Policy Research:

1) Public Debts: Nuts, Bolts and Worries

By: Barry Eichengreen, Robert Feldman, Jeffrey Liebman, Jurgen von Hagen and Charles Wyplosz

September 2011

http://www.cepr.org/pubs/books/cepr/Geneva13.pdf


1) Yes, but… - defining a vision after the Karlsruhe verdict

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By: Janis A. Emmanouilidis and Fabian Zuleeg September 7th, 2011 http://www.epc.eu/documents/uploads/pub_1330_defining_a_vision_after_the_karlsruhe_verdict.pdf (Source) The Centre for European Policy Studies: 1) Can Greece ‘grow solvent’? By: Daniel Gros, Thomas Barnebeck Andersen and Mikkel Barslund September 8th, 2011 http://www.ceps.eu/ceps/download/6012 (Source) Bruegel – The Brussels-based think tank: 1) Greece: quo vadis? By: Zsolt Darvas September 16th, 2011

http://www.bruegel.org/publications/publication-detail/publication/605-greece-quo-vadis/

(Source) Centre for European Reform:

1) The euro: Reaching the endgame?

By: Simon Tilford

September 19th, 2011

http://centreforeuropeanreform.blogspot.com/2011/09/euro-reaching-endgame.html

(Source) Project Syndicate – A World of Ideas:

1) Decision Time for the Eurozone By: Yannos Papantoniou

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http://www.project-syndicate.org/commentary/papantoniou1/English

(Source) Bruegel – The Brussels-based think tank:

1) Testimony on the European debt and financial crisis By: Nicolas Veron September 23rd, 2011

http://www.bruegel.org/download/parent/613-testimony-on-the-european-debt-and-financial-crisis/file/1473-testimony-on-the-european-debt-and-financial-crisis/


1) Sticking to the rules will not rescue the eurozone

By: Philip Whyte


http://www.cer.org.uk/publications/archive/bulletin-article/2011/sticking-rules-will-not-rescue-eurozone


1) Debt Reduction without Default By: Daniel Gros and Thomas Mayer September 28th, 2011

http://www.ceps.eu/ceps/download/6123


1) Sustainability of Greek Public Debt By: William R. Cline October 2011

http://www.iie.com/publications/pb/pb11-15.pdf

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(Source) Centre for Economic Policy Research:

1) Resolving the Eurozone crisis: Time for conditional Eurobonds

By: John Muellbauer

October 2011

http://www.cepr.org/pubs/PolicyInsights/PolicyInsight59.pdf

(Source) IRIS – Institut de Relations Internationales et Strategiques (in French):

1) L’Euro est-il un echec?

By: Michel Devoluy

October 2011

http://www.iris-france.org/docs/kfm_docs/docs/actualit-europenne-n47.pdf


1) Eurozone crisis: Higher inflation is part of the answer

By: Simon Tilford

October 3rd, 2011

http://centreforeuropeanreform.blogspot.com/2011/10/eurozone-crisis-higher-inflation-is.html

(Source) Council on Foreign Relations:

1) Waiting on the Eurozone By: Christopher Alessi

October 4th, 2011

http://www.cfr.org/eu/waiting-eurozone/p26110


1) A Liquid Europe

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By: Daniel Gros

October 5th, 2011

http://www.project-syndicate.org/commentary/gros27/English


1) A Path through Europe’s Minefield

By: George Soros

October 12th, 2011

http://www.project-syndicate.org/commentary/soros73/English

(Source) Open Democracy – Free thinking for the World:

1) Greece’s failed state and Europe’s response

By: Takis S. Pappas

October 13th, 2011



1) The ECB: Using a Crisis to Maximize Leverage


October 14th, 2011

http://www.piie.com/realtime/?p=2447

(Source) E - International Relations:

1) The Children of Riots: Society, Violence and the Youth in Greece By: Ioannis Tellidis October 17th, 2011

http://www.e-ir.info/?p=14742&article2pdf=1


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1) A Three-Pillar Firepower to Solve the European Sovereign Crisis: A last chance!

By: Rym Ayadi

October 21st, 2011



1) Three Ways to Save the Eurozone

By: Jean Pisani-Ferry

October 21st, 2011

http://www.projectsyndicate.org/commentary/pisaniferry17/English


1) Cutting four Gordian knots: A preliminary assessment of the first round of summits

By: Janis A. Emmanouilidis

October 24th, 2011

http://www.epc.eu/documents/uploads/pub_1356_post-summit_analysis_-_24_october_2011.pdf


1) Eurozone Bank Recapitalizations: Pouring water into a leaky bucket

By: Paul de Grauwe

October 24th, 2011



1) The complex end of a summit marathon

By: Janis A. Emmanouilidis

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October 27th, 2011

http://www.epc.eu/documents/uploads/pub_1360_the_complex_end_of_a_summit_marathon.pdf


1) The Euro Area Crisis: Origin, Current Status, and European and US Responses


October 27th, 2011

http://www.iie.com/publications/testimony/kirkegaard20111027.pdf


1) Greece, the Eurozone and the Debt Crisis

By: Yannis Ioannides

October 28th, 2011

http://GreekEconomistsforReform.com/wp-content/uploads/Ioannides-Presentation-Fletcher-Oct-28-11.pdf

(Source) Vox - Research-based policy analysis and commentary from leading economists:

1) The Eurozone needs exit rules

By: Christian Fahrholz and Cezary Wojcik

October 31st, 2011

http://www.voxeu.org/index.php?q=node/7184

(Source) Friedrich Ebert Stiftung – International Policy Analysis:

1) The Greek Crisis and the Politics of Uncertainty

By: Nick Malkoutzis

November 2011

http://library.fes.de/pdf-files/id/ipa/08570.pdf

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(Source) Le Monde Diplomatique (English Edition):

1) Piraeus workers can’t pay, won’t pay

By: Ed Emery

November 2011

http://mondediplo.com/2011/11/07greece

(Source) Friedrich Ebert Stiftung – International Policy Analysis:

1) Contours of a Political Union: Recalibrating European Economic and Monetary Union through More Integration

By: Bjorn Hacker

November 2011

http://library.fes.de/pdf-files/id/ipa/08675.pdf


1) Speculative Attacks within or outside a Monetary Union: Default versus Inflation (what to do today)

By: Daniel Gros

November 2011

http://www.ceps.be/ceps/download/6359


1) What kind of fiscal union?

By: Benedicta Marzinotto, Andre Sapir and Guntram B. Wolff

November 2011

http://www.bruegel.org/download/parent/646-what-kind-of-fiscal-union/file/1510-what-kind-of-fiscal-union/


1) What Can and Cannot Be Done about Rating Agencies

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By: Nicolas Veron

November 2011

http://www.piie.com/publications/pb/pb11‐21.pdf


1) Why stricter rules threaten the eurozone

By: Simon Tilford and Philip Whyte

November 2011

http://www.cer.org.uk/sites/default/files/publications/attachments/pdf/2011/essay_eurozone_9nov11-4084.pdf


1) The Greek Demos vs. the Greek Demons

By: Shahin Vallee and Guntram B. Wolff

November 3rd, 2011

http://www.bruegel.org/publications/publication-detail/publication/634-the-greek-demos-vs-the-greek-demons/

2) Greece after the referendum By: Zsolt Darvas November 3rd, 2011 http://www.bruegel.org/publications/publication-detail/publication/635-greece-after-the-referendum/ (Source) Project Syndicate – A World of Ideas: 1) The Revolt of the Debtors By: Daniel Gros November 3rd, 2011 http://www.project-syndicate.org/commentary/gros29/English

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(Source) European Policy Centre: 1) Eurozone exits no longer taboo By: Janis A. Emmanouilidis November 4th, 2011 http://www.epc.eu/documents/uploads/pub_1362_eurozone_exits_no_longer_taboo.pdf (Source) Council on Foreign Relations: 1) Greece’s Risky Eurozone Maneuver By: Christopher Alessi November 4th, 2011 http://www.cfr.org/greece/greeces-risky-eurozonemaneuver/p26411 (Source) Vox - Research-based policy analysis and commentary from leading economists: 1) The Greek revolt: Good news for Europe By: Charles Wyplosz November 4th, 2011 http://www.voxeu.org/index.php?q=node/7222 (Source) Greekeconomistsforreform.com: 1) Greece and the Euro By: Harris Dellas November 5th, 2011 http://GreekEconomistsforReform.com/wp-content/uploads/Greece-and-the-Euro_Dellas.pdf (Source) Project Syndicate – A World of Ideas:

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1) Angela Merkel’s Vision Thing By: Joseph S. Nye November 7th, 2011 http://www.project-syndicate.org/commentary/nye100/English 2) Europe’s Darkness at Noon By: Barry Eichengreen November 8th, 2011 http://www.project-syndicate.org/commentary/eichengreen36/English 3) Europe’s Next Nightmare By: Dani Rodrik November 9th, 2011 http://www.project-syndicate.org/commentary/rodrik63/English 4) Down with the Eurozone By: Nouriel Roubini November 11th, 2011 http://www.project-syndicate.org/commentary/roubini44/English (Source) The Centre for European Policy Studies: 1) What’s wrong with technocrats? By: Marco Incerti November 15th, 2011 http://www.ceps.be/ceps/download/6355 2) Who cares about the survival of the eurozone? By: Paul de Grauwe

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November 16th, 2011 http://www.ceps.be/ceps/download/6358 (Source) Bruegel – The Brussels-based think tank: 1) Will the euro survive 2012? By: Zsolt Darvas November 18th, 2011 http://www.bruegel.org/download/parent/652-will-the-euro-survive-2012/file/1520-will-the-euro-survive-2012/ (Source) Peter G. Peterson Institute for International Economics: 1) The Failed Political Economy of the Euro Crisis By: Anders Aslund November 18th, 2011 http://www.piie.com/realtime/?p=2515 (Source) Bruegel – The Brussels-based think tank: 1) The end-game is debt sustainability By: Benedicta Marzinotto November 21st, 2011 http://www.bruegel.org/download/parent/645-the-end-game-is-debt-sustainability/file/1509-the-end-game-is-debt-sustainability/ (Source) Greekeconomistsforreform.com: 1) To Euro! By: Yannis Ioannides and Chris Pissarides November 21st, 2011

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http://greekeconomistsforreform.com/public-finance/to-euro/


1) Rethinking Europe’s democratic crisis By: Paulina Tambakaki November 24th, 2011 http://www.opendemocracy.net/printpdf/62808 (Source) Bruegel – The Brussels-based think tank: 1) Eurozone is on the way to fiscal union By: Jean Pisani-Ferry November 28th, 2011 http://www.bruegel.org/download/parent/650-eurozone-is-on-the-way-to-fiscal-union/file/1517-eurozone-is-on-the-way-to-fiscal-union/ (Source) Vox - Research-based policy analysis and commentary from leading economists: 1) Why the ECB refuses to be a Lender of Last Resort By: Paul de Grauwe November 28th, 2011 http://www.voxeu.org/index.php?q=node/7352 2) Can austerity be self-deafeating? By: Daniel Gros November 29th, 2011 http://www.voxeu.org/index.php?q=node/7360 3) Greece: The way forward

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By: Michael G. Jacobides , Richard Portes and Dimitri Vayanos

November 30th, 2011

http://www.voxeu.org/index.php?q=node/7363

WINTER 2011

(Source) Le Monde Diplomatique (English Edition):

1) Greece in chaos

By: Noelle Burgi

December 2011

http://mondediplo.com/2011/12/03greece


1) The recapitalization of Greek banks

By: Peter Dalianes and Dimitri Vayanos

December 3rd, 2011

http://greekeconomistsforreform.com/wp-content/uploads/Dalianes_Vayanos_recapitalization.pdf


1) A Greek tragedy: the making of the Greek and Euro-Atlantic ruling classes

By: Vassilis K. Fouskas

December 5th, 2011



1) Stepping into the abyss?

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By: Janis A. Emmanouilidis and Fabian Zuleeg

December 5th, 2011

http://www.epc.eu/documents/uploads/pub_1375_stapping_into_the_abyss.pdf


1) A Great Depression for Greece?

By: C. Azariadis

December 7th, 2011

http://greekeconomistsforreform.com/macroeconomics/a-great-depression-for-greece/#more-1097


1) Time is up for awkward customer, Greece

By: George Begos

December 13th, 2011



1) The Worst and the Best of Austerity

By: Jean Pisani-Ferry

December 15th, 2011

http://www.project-syndicate.org/commentary/pisaniferry18/English


1) The Enduring Popularity of the Euro throughout the Crisis

By: Felix Roth, Lars Jonung and Felicitas Nowak-Lehmann D.

December 15th, 2011

http://www.ceps.be/ceps/download/6512

the crisis in greece · 1 the crisis in greece academic articles and policy papers on the greek...

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