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Economy & Public Policy

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Professor Dimitri Vayanos

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Dr Eleni Karagiannaki

Co-ordinated by Professor Dimitri Vayanos (Department of Finance) and Dr Eleni Karagiannaki (CASE), this is the largest of our clusters. One area of research here concerns Greece’s growth strategy, the interplay between market forces and government-provided incentives in driving the economy’s sectoral mix, and challenges arising from climate change and the green transition, AI and the digital transition, and demographics. Other areas include the labour market, addressing issues such as occupational segregation, skill shortages and brain drain, minimum wages and ‘good jobs’; corporate governance and business adaptation to change; health and education reforms; income inequalities and housing affordability.

 

Members

Research Projects

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The demand for skills in Greece: hiring, training and remuneration practices

This research project, conducted investigates the landscape of skills demand in Greece. In an era of rapid technological shifts and economic transformation, understanding the labour market’s skill requirements is crucial for shaping policy, education, and workforce strategies.

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Economic incentives and vaccination

The objective of this project is to examine the impact of market-driven economic incentives on vaccination uptake in a low-trust society, using Greece as a case study. 

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PKatsinas

Small and medium-scale international investors in housing in Athens and Thessaloniki

The project aims to analyse the role of small- and medium-scale investors and investment brokers, their reasons for investing in Athens and Thessaloniki, the effects the investments have on housing, and how housing financialisation unfolds in Greek cities.

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TheodorePanagiotidis

The impact of US tariff shocks on the Greek economy

This project aims to analyze the macroeconomic effects of global trade policy shocks on EU countries, using Terms-of Trade as a proxy, with a special focus on Greece. 

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Housing inequality shocks and democratic norms

This project seeks to contribute to our understanding around these issues by focusing on Greece’s Golden Visa scheme.

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The physical and transition risks of extreme weather events in Greece

The project investigates how extreme weather events and climate change affect Greece’s macroeconomy and public finances, how these effects spread across specific sectors and economic variables, and in turn investigates policy responses. Its core aim is to quantify economic losses (e.g., GDP impacts), fiscal costs, and implications for the debt burden, while also identifying the main transmission channels that turn climate shocks into broader macroeconomic and budgetary stress.

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Household health expenditure in Greece

The project aims to fill the evidence gap on household health expenditure in Greece by analysing its trends, composition, determinants, and the extent and inequality of financial hardship caused by health payments.

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Anchoring the Cloud: local ecosystem readiness for Data Centres in Greece

This project treats data centres not as isolated infrastructure assets but as potential catalysts for a broader local ecosystem — one capable of generating skilled employment, stimulating firm-level adoption of AI and cloud technologies, and anchoring Greece more firmly in the digital economy. 

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Kira Gartzou-Katsouyanni 200x200

Resort capitalism or smallholder tourism?
How the land distribution still shapes the politics of place in advanced economies

Our project aims to advance understanding about how the distribution of land influences the political economy of place in advanced democracies where agriculture is no longer the key sector of the economy.

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