Agora
Posts in Economy
Where is Odysseus? Part 1 - Demographics
In 2019, one of us wrote a book about the Greek economy called “The Macroeconomy of Greece. Odysseus’ Plan for the Long Journey Back to Debt Sustainability.” This book was published before the Covid Pandemic emerged. It was based on data through 2018.
Contributor: Bob Traa & Jens Bastian
Categories: Politics (385), Economy (328), Society (140), Greece (495)
How economic sanctions on Russia could affect Greek economy
The imposition of financial sanctions on Russian individuals and corporate entities in response to the invasion of Ukraine has put economic links with Russia in the spotlight, as governments and companies assess the potential impact of ceasing trade with Russia.
Contributor: Georgia Nakou
Categories: Economy (328), Greece (495)
The Parable of the Populists and the Contemplatives
Let us think of a factory that makes widgets that consumers like to buy. The management of the factory then sees an opportunity to buy a new piece of equipment, a machine, that can double widget production once it is operational.
Contributor: Bob Traa & Jens Bastian
Categories: Europe (281), Politics (385), Economy (328), Society (140)
The case for a general government balance sheet
Over the course of the past year we have drawn attention to the need for a general government balance sheet. One reason for this effort rests in the observation that today’s balance sheet of a government impacts future generations.
Contributor: Bob Traa & Jens Bastian
Categories: Europe (281), Economy (328), Greece (495)
Public sector capital stock in Greece and the Euro-19
Capital is a key input in the production function of a country’s economy. It makes another crucial factor, namely labor, more productive if such capital is efficient (quality) and sufficient (quantity).
Contributor: Bob Traa & Jens Bastian
Categories: Europe (281), Economy (328), Greece (495)