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Newsletter 288 - 12/03/2021
fell by 0.6 percent QoQ and stood at 329.3 million euros. On an annual basis, NII fell by 2 percent... from 13.2 percent Q3, and from 16.7 percent in 2019.. 2 CPI falls by 1.3 pct YoY in February...) fell by 1.3 percent year-on-year (YoY) in February compared to a decline of 2 percent seen in January
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The allocation of labor resources in Greece and the EU-27
Agora.[2] By contrast, labour allocation in the private sector has seen quite a different trajectory... are highlighted in Figure 2. Figure 2 shows the underlying trend lines only, to avoid the up-and-down stories... Joseph Schumpeter, 1942, Capitalism, Socialism and Democracy. [2] 2020 real GDP has been depressed
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We can't ignore population shifts within the European Union
Agorawhether these differences are a cause of population movements in the EU more broadly.[2] In fact... or over 30 percent of the 2020 base. In contrast, the north-west is expected to lose 2 million people... (both books are available on Amazon.com). [2] The cycles may be changing in both countries
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Public sector capital stock in Greece and the Euro-19
Agoracapital stock have been done for OECD countries and a number of emerging and developing countries.[2... capital stock in real terms. Figure 2 shows the results for the balance sheet of a net nominal... to Eurostat. We see in Figure 2 that the relativities between Greece and the euro-19 are similar
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Where is Odysseus? Part 1 - Demographics
Agora.[2] It would be helpful if the Greek government could also present a long-run plan to the public... population.” Figure 2 shows the comparison of working-age populations (WAP) in the book (2011... tend to define the WAP as those between the ages of 15-75. We have now included 2 further cohorts
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Newsletter 334 - 08/04/2022
for April shipments in rubles. DEPA Commercial, which receives 2 billion cubic metres of natural gas... a fall of 2 points in the overall satisfaction levels with the centre-right administration compared... and the sovereign borrowing costs edging up by 2 percentage points. The PBO also noted that price
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Where is Odysseus? Part 3 - Participation
Agora” scenario restrains the recovery of the PR to 59½ percent.[2] If Greece were to approach the EU27 level... to be in the labor force (LF). This is shown in Figure 2. The baseline scenario for the labor force.... Recall, there are two reasons: 1. Slightly higher population and, 2. Slightly bigger WAP
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Newsletter 349 - 02/09/2022
. This emerges as a more divisive issue, with only 2 pct of ND voters agreeing that Mitsotakis should step... by Lithuania at 3.6 pct of GDP, but with a much smaller allocation of 2 billion euros. The largest nominal... to roughly 2 billion euros, jumping from 1.14 billion euros in August. The revenues
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Where is Odysseus? Part 6 - Potential real GDP
Agoraby the Greek government.[2] Our more-modest real GDP outlook for the long run is quite below that of the EU... productivity improvements must be pushed up mathematically, even to over 2 percent a year around the 2040s... these two diverging growth outlooks. Figure 2 graphs the comparison between the real GDP potential
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Reflections on Greece's balance of payments
Agora-investment balance of the government (the public sector). Figure 2 below shows the results... of the government in Figure 2. Financing the current account deficits. When a country runs a current account... banks. In 2008-Q1, the “restricted” Greek NII position[2] was a deficit of €-160 billion, or -68
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