Marika Karanassou
Research Fellow

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Karanassou Marika Karanassou is a reader in Economics at Queen Mary University of London. She has published, among others, in the Cambridge Journal of Economics, Economic Journal, European Economic Review, and the Journal of Economic Surveys.

The analysis of dynamic macro-labour models with spillover effects and the evaluation of the inflation-unemployment tradeoff are the focal points of her research. The theoretical and empirical models of her work challenge the macroeconomic consensus on two major fronts: (i) the interplay of frictions and growth in labour market models questions the prevailing wisdom of the natural rate of unemployment, and (ii) the existence of a downward-sloping Phillips curve points against the classical dichotomy doctrine.

In parallel, an assessment of the market economy and the current crisis is put forward in
our thesis of "Warrant Economics, Call-Put Policy Options and the Fallacies of Economic
Theory". It is explained how Call-Put policy options unwind to a double-sided options trade:
a 'heads-I-win, tails-you-loose' corporatist strategy.

Marika Karanassou joined IZA as a Research Fellow in September 2000.
  Email | CV | Homepage
 
IZA Discussion Papers:
No. Author(s)
Title
10978  John Hatgioannides
Marika Karanassou
Hector Sala
Should the Rich Be Taxed More? The Fiscal Inequality Coefficient
7244  Marika Karanassou
Hector Sala
Distributional Consequences of Capital Accumulation, Globalisation and Financialisation in the US
6251  John Hatgioannides
Marika Karanassou
Warrant Economics, Call-Put Policy Options and the Fallacies of Economic Theory
(forthcoming as 'Warrant Economics, Call-Put Policy Options, and the Great Recession' in: Review of Political Economy, 2015)
5838  Roberto Bande
Marika Karanassou
The NRU and the Evolution of Regional Disparities in Spanish Unemployment
(published online before print in: Urban Studies, 2013, February 25, 2013 )
5796  Marika Karanassou
Hector Sala
Inequality and Employment Sensitivities to the Falling Labour Share
(published in: Economic and Social Review, 2012, 43 (3), 343-376)
5092  Marika Karanassou
Hector Sala
The Wage-Productivity Gap Revisited: Is the Labour Share Neutral to Employment?
(published as 'The Role of the Wage-Productivity Gap in Economic Activity' in: International Review of Applied Economics, 2014, 28 (4), 436-459)
5012  Roberto Bande
Marika Karanassou
Spanish Regional Unemployment Revisited: The Role of Capital Accumulation
(published in: Regional Studies, 2013)
4299  Marika Karanassou
Hector Sala
Productivity Growth and the Phillips Curve: A Reassessment of the US Experience
(published in: Bulletin of Economic Research, 2012, 64 (3), 344366)
4252  Marika Karanassou
Hector Sala
The US Inflation-Unemployment Tradeoff: Methodological Issues and Further Evidence
(published as 'The US Inflation-Unemployment Trade-off Revisited: New Evidence for Policy Making' in: Journal of Policy Modeling, 2010, 32 (6), 758-777)
3924  Marika Karanassou
Hector Sala
Labour Market Dynamics in Australia: What Drives Unemployment?
(published in: Economic Record, 2010, 86 (273), 185-209)
3712  Marika Karanassou
Hector Sala
The Rise and Fall of Spanish Unemployment: A Chain Reaction Theory Perspective
(published in: Philip Arestis and Malcolm Sawyer (eds.), International Papers in Political Economy, Palgrave-Macmillan, 2009)
3066  Marika Karanassou
Hector Sala
Pablo F. Salvador
Capital Accumulation and Unemployment: New Insights on the Nordic Experience
(published in: Cambridge Journal of Economics, 2008, 32 (6), 977-1001)
2900  Marika Karanassou
Hector Sala
Dennis J. Snower
The Evolution of Inflation and Unemployment: Explaining the Roaring Nineties
(published in: Australian Economic Papers, 2008, 47 (4), 334-354)
2600  Marika Karanassou
Dennis J. Snower
Inflation Persistence and the Phillips Curve Revisited
2593  Roberto Bande
Marika Karanassou
Labour Market Flexibility and Regional Unemployment Rate Dynamics: Spain 1980-1995
(published in: Papers in Regional Science, 2009, 88(1), 181-207)
2480  Marika Karanassou
Hector Sala
Dennis J. Snower
The Macroeconomics of the Labor Market: Three Fundamental Views
(published in: Portuguese Economic Journal, 2007, 6 (3), 151-180)
2397  Marika Karanassou
Hector Sala
Pablo F. Salvador
The (Ir)relevance of the NRU for Policy Making: The Case of Denmark
(published in: Scottish Journal of Political Economy, 2008, 55 (3), 369-392)
2265  Marika Karanassou
Hector Sala
Dennis J. Snower
Phillips Curves and Unemployment Dynamics: A Critique and a Holistic Perspective
(published: Journal of Economic Surveys, 2010, 24 (1), 1-51)
899 
This paper has repeatedly been among the Top 10 monthly downloads. 
Marika Karanassou
Hector Sala
Dennis J. Snower
Unemployment in the European Union: Institutions, Prices, and Growth
876 
This paper has repeatedly been among the Top 10 monthly downloads. 
Marika Karanassou
Hector Sala
Dennis J. Snower
The European Phillips Curve: Does the NAIRU Exist?
(published in: Applied Economics Quarterly, 2003, 49 (2), 93-121)
645  Marika Karanassou
Hector Sala
Dennis J. Snower
Long-Run Inflation-Unemployment Dynamics: The Spanish Phillips Curve and Economic Policy
(published in: Journal of Policy Modeling, 2008, 30 (2), 279-300)
636  Marika Karanassou
Hector Sala
Dennis J. Snower
A Reappraisal of the Inflation-Unemployment Tradeoff
(published in: European Journal of Political Economy, 2005, 21 (1), 1-32)
635 
This paper has repeatedly been among the Top 10 monthly downloads. 
Dennis J. Snower
Marika Karanassou
An Anatomy of the Phillips Curve
531 
This paper has repeatedly been among the Top 10 monthly downloads. 
Marika Karanassou
Hector Sala
Dennis J. Snower
Unemployment in the European Union: A Dynamic Reappraisal
(published in: Economic Modelling, 2003, 20 (2), 237-273)
530  Marika Karanassou
Dennis J. Snower
Unemployment Invariance
(published in: German Economic Review, 2004, 5 (3), 297-317)
127  Marika Karanassou
Dennis J. Snower
Characteristics of Unemployment Dynamics: The Chain Reaction Approach
75  Brian Henry
Marika Karanassou
Dennis J. Snower
Adjustment Dynamics and the Natural Rate: An Account of UK Unemployment
(published in: Oxford Economic Papers, 52 (2000), 178-203)
 

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