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 have been
focal points in 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 revised
versions of these studies see Working papers 1 and 3.

Here are brief p
resentations of Warrant Economics and Eurozone: The Untold Economics.

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