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The Hellenic Observatory research seminar
Inflation in Greece, a variable that crucially characterizes the international competitiveness of the economy, is one of the most important topics in the 'policy dialogue' between country authorities and the IMF. This is especially the case for an economy with weak international competitiveness as well as weak institutions and capacity, making it particularly difficult to control inflation. Greece cannot sustain inflation above its euro partners, since its international trade volume is heavily affected by inflation differentials between the country and those partners. This study adds to the relevant literature by attempting to explain inflation dynamics in Greece over the period 1981-2009. It uses three distinct approaches: the inflation persistent hypothesis, the identification of spillover effects among various sectors in the economy through a Vector Autoregressive Model (VAR) and the investigation of the domestic Balassa-Samuelson effect.
Nicholas Apergis is Professor in Economics, Department of Banking and Financial Management, University of Piraeus.
Dr Vassilis Monastiriotis is a Senior Lecturer in the Political Economy of South Eastern Europe and Acting Director of LSEE-Research on South Eastern Europe.
Speaker(s): |
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Date and Time: |
9 October 2012 at 6:00 pm |
Duration: | 1 hour 30 minutes |
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Venue: |
COW 1.11, |
Organised by: |
London School of Economics & Political Science |
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Tickets: |
Free |
Available from: |
This event is free and open to all with no ticket required. Entry is on a first come, first served basis. For any queries email Ioanna Antonopoulou on i.antonopoulou@lse.ac.uk| or call 020 7107 5326. You can also visit the Hellenic Observatory|. |
Additional Information: |
From time to time there are changes to event details so we strongly recommend that if you plan to attend this event you check the listing for this event on the LSE events website on the day of the event. |
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