| My research output relates to macroeconomics, applied econometrics, and empirical finance. My prime interest is macroeconomic modelling. The analysis of dynamic macro-labour models with spillover effects, the evaluation of the inflation-unemployment tradeoff, and the identification of the factors which jointly drive these central macro variables are the focal points of my research. The theoretical and empirical models of our work draw a new line of research and the results 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. The Eurozone malaise is also examined under the Warrant Economics prism. For the revised versions of these studies see Working papers 1 and 3. Here is a brief presentation. I am currently a reader in the School of Economics and Finance at Queen Mary, University of London (CV). |
Marika Karanassou
| School of Economics and Finance, Queen Mary, University of London, Mile End Road, London E1 4NS, email: m.karanassou@qmul.ac.uk |
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