Publications 2016-2018
This paper analyses the implications of monetary policy for the dynamic behaviour of inflation, in a ‘natural’ rate model characterized by endogenous unemployment persistence. We present evidence for the main industrial economies that suggests that inflation displays persistence which is of the same order of magnitude as the persistence of deviations of unemployment from its ‘natural’ rate. We provide a theoretical explanation of this fact based on a model of the dynamic interactions between central bankers and labour market insiders. The clash in the objectives of central bankers and labour market insiders is what causes both inflation and unemployment to display the same persistence in this model. The analysis suggests that inflation persistence could be addressed in a welfare‐improving way, if central banks adopted monetary policy rules that targeted unanticipated changes in unemployment rates instead of deviations of unemployment from its ‘natural’ rate.
Original Working Paper Series
Past Activities
2014
The Constantine G. Karamanlis Chair in Hellenic & European Studies Annual Lecture
Greece, A Nation at the Forefront:
Illegal Migration, Refugees, Terrorism and the New Security Challenges of the 21st Centurygiven by His Excellency, Vassilis Kikilias
Hellenic Minister for Public Order and Citizen Protection
Thursday, 30 October 2014
The Fletcher School of Law and Diplomacy, Tufts University
From Grexit to Grecovery; Is the euro-crisis over?
given by
Mr. Alexandros Tourkolias
Chief Executive Officer, National Bank of Greece
Tuesday, 14 October 2014
The Fletcher School of Law and Diplomacy, Tufts University
The United States and Greece
given by
Ambassador David D. Pearce
Current U.S. Ambassador to Greece
Friday, 10 October 2014
The Fletcher School of Law and Diplomacy, Tufts University
Tufts Daily article
2012
The Constantine G. Karamanlis Chair in Hellenic & European Studies Annual Lecture
“The Greek Economy at a Crossroads”
November 27, 2012
The Fletcher School, Tufts University
2011
The 10th Anniversary of The Constantine G. Karamanlis Chair in Hellenic and European Studies
International Workshop
“A World of Crisis and Shifting Geopolitics: Greece, the Eastern Mediterranean and Europe”
October 28, 2011
The Fletcher School, Tufts University
2010
The Constantine G. Karamanlis Chair in Hellenic & European Studies Annual Lecture
“American economists and Greek post-war reconstruction, 1944-53: Any lessons for the present?”
December 1, 2010
The Fletcher School, Tufts University
2009
“Small States in World War II: The Greek Example”
GEORGE TH.MAVROGORDATOS
Constantine Karamanlis Professor of Hellenic and Southeastern European Studies
The Constantine Karamanlis Chair Annual Lecture
October 22, 2009
The Fletcher School, Tufts University
Javier Solana visiting the Fletcher School at the chair’s invitation, October 2009.
2008
DIMITRIS KERIDIS
Professor of International Politics,
University of Macedonia, Greece
November 24, 2008
The Fletcher School, Tufts University
2005
“Spreading Democracy East and the Euro-Atlantic Partnership”
DIMITRIS KERIDIS
Constantine Karamanlis Professor of Hellenic and Southeastern European Studies
The Constantine Karamanlis Chair Annual Lecture
December 8, 2005
The Fletcher School, Tufts University
Courses Offered before 2016
-
- Spring 2011 -DHP P285: South-Eastern Europe in the World Economy, Michalis Psalidopoulos
- Fall 2010 -EIB E270: History of Financial Turbulence and Crises, Michalis Psalidopoulos
- Spring 2010 – DHP P218: Religion and Nationalism, G. Mavrogordatos
- Fall 2009 – DHP P213: Charismatic Leadership and International Relations, G. Mavrogordatos
- Spring 2009 – DHP P285: The Geopolitics of the Wider South Eastern Europe and Black Sea Region Alexandros Yannis
- Fall 2008 – DHP P281: European Union Foreign Policy: Theory and Practice, Alexandros Yannis
- Spring 2008 – DHP D283: The USA, Turkey, and Greece: Past, Present, and Future, Kostas Lavdas
- Fall 2007 – DHP P283: Europeanization and the Domestic Impact of Europea Integration, Kostas Lavdas – DHP P284 State, Nationalism and Ideology: The Case of Southern Europe, Kostas Lavdas
- Fall 2006 – DHP P286m: Political Violence and Ethnicity (1/2 cr), Dimitris Keridis
– DHP P212: Democracy, Democratization and Nation-Building, Dimitris Keridis - Spring 2006 – DHP P212m Democracy and Democratization (1/2 cr), Dimitris Keridis
– DHP P287m European Security: History, Politics and Institutions (1/2 cr), Dimitris Keridis - Fall 2005 – DHP P285: Greek-Turkish Relations in the Era of Globalization: From Rivalry to Partnership?, Dimitris Keridis
– DHP P286: War and the Politics of Ethnicity and Democracy: The Case of Southeastern Europe, Dimitris Keridis - Spring 2005 – DHP P282: The Return of Diasporas: Ethno-national networks, multi-cultural societies and global threats, George Prevelakis
- Fall 2004 – DHP P283: European Enlargement Geoplitics: Greece, Turkey, Cyprus andthe Balkins, George Prevelakis
- Spring 2004 – DHP P284: Modern Greece: Europeanization’s Geopolitical Miracle or Eastern Question’s Lesser Evil?, George Prevelakis
– DHP P289 France: The Focus of European Uncertainties, George Prevelakis - Fall 2003 – DHP P287: Balkan Geopolitics, George Prevelakis
- Spring 2003 – None at Fletcher
- Fall 2002 – DHP P285 Southeastern Europe in Perspective, Thanos Veremis
– DHP P288: Greece and its Neighbors, Thanos Veremis - Spring 2002 – DHP P286: The Foreign Policies of the European Union’s Mediterranean States, Thanos Veremis
- Fall 2001 – DHP P285: Southeastern Europe in Perspective, Thanos Veremis
– DHP P288 Greece and its Neighbors, Thanos Veremis