Recent Faculty Publications in Refereed Journals

Bilias I. , D. Georgarakos and M. Haliassos, “Has greated stock market participation increased wealth inequality in the US?”, accepted for publication in Review of Income and Wealth

Blavoukos S. with S. Dellepiane-Avellaneda, N. Hardiman, and G. Pagoulatos, 2018, ‘Economic Vulnerability in the Eurozone Periphery: An Emerging-Market Perspective’, Studies in Comparative International Development (vol. 53:2, pp. 239-260)

Blavoukos S., D. Bourantonis and J. Galariotis, 2017, ‘In quest of a single European Union voice in the United Nations General Assembly: The politics of Resolution 65/276’, Cooperation and Conflict (vol. 52: 4, pp. 451-468)

Blavoukos S., D. Bourantonis, J. Galariotis, and M. Gianniou, 2016, ‘The European Union's visibility and coherence at the United Nations General Assembly’, Global Affairs (vol. 2:1, pp. 35-45)

Christodoulakis N. and V. Sarantides, 2016, “External asymmetries in the euro area and the role of foreign direct investment”, The World Economy

Christodoulakis N., 2015,  “Greek Crisis in perspective”. Chapter 14 in Banking Crises (Edited by Garett Jones).  Publisher: Perspectives from The New Palgrave Dictionary.

Christopoulos, D. and P. McAdam (2019), “Efficiency, Inefficiency and the MENA Frontier”, Macroeconomic Dynamics, vol.23(2), 489-521.

Bournakis, I., D. Christopoulos, and S. Mallick (2018), “Identifying and Measuring the Growth Effect of Knowledge Spillovers at Industry-level: Evidence from OECD Countries”, Economic Inquiry, vol. 56(2), 1028-1046.

Christopoulos, D. and P. McAdam (2017), On the Persistence of Cross-Country Inequality Measure”, Journal of Money Credit and Banking, vol. 49(1), 255-265.

Christopoulos, D. and P. McAdam (2017), “Do Financial Reforms Help Stabilize Inequality?” Journal of International Money and Finance, vol. 70(1), 45-61.

Demos A. and S. Anyfantaki, 2016, “Estimation and Properties of a Time-Varying EGARCH(1,1) in Mean Model”, Econometric Reviews 35, 293-310.

Demos A. and S. Arvanitis, 2016, “On the Validity of Edgeworth Expansions and Moment Approximations for Three Indirect Inference Estimators”, Journal of Econometric Methods, forthcoming

Economides G. and Moutos T., 2016,  “Can Minimum Wages Raise Workers’ Incomes in the Long Run?”, Journal of Public Economic Theory, accepted for publication.

Economides G. and K. Angelopoulos, 2016, “Public Good Provision with Robust Decision Making”, Oxford Economic papers, accepted for publication.

Economides G., A. Philippopoulos and P. Varthalitis, 2016, “Monetary union, even higher integration, or back to national currencies?”, CESifo Economic Studies, accepted for publication.

Hatzipanayotou P., “Vertical Fiscal Externalities and the Fiscal gap in a Federation with Variable Factor Supplies”, (with N. Tsakiris and M. S. Michael), CESifo Economic Studies, forthcoming.

Hatzipanayotou P., “Destination vs. Origin-based Commodity Taxation in Large Open Economies with Unemployment”, (with F. Antoniou and N. Tsakiris), 2019, Economica 86, 67-86.

Hatzipanayotou P., “The Efficiency of Decentralized Environmental Policies under Global Pollution and Tradable Emission Permits”, 2018, (with M. S. Michael and N. Tsakiris), Journal of Public Economic Theory 20 (4), 541-556.

Hatzipanayotou P.,“Welfare Ranking of Environmental Policies in the Presence of Capital Mobility and Cross-border Pollution", (with M. S. Michael and N. Tsakiris), 2017, Southern Economic Journal, 84 (1), 317-336.

Hatzipanayotou P., “Tradable Permits vs. Ecological Dumping”, (with F. Antoniou and P. Koundouri), 2014, Oxford Economic Papers 66 (1), 188-208.

Hatzipanayotou P., “Cross-border Pollution, Public Pollution Abatement and Capital Tax Competition”, 2014, (with C. Hadjiyiannis and M.S. Michael), Journal of International Trade and Economic Development 23 (2), 155-178.

Hatzipanayotou P., “Cross-border Pollution and Integrated Reforms of Trade and Environmental Tax Policies in Large Economies”, 2014, (with M.S. Michael and N. Tsakiris), Environmental and Resource Economics 58, 563-578.

Hatzipanayotou P.,  M.S. Michael and S. Lahiri, 2015, “Piecemeal Reform of Domestic Taxes towards Uniformity in the Presence of Pollution: with and without a Revenue Constraint”, Journal of Public Economic Theory 17, 174-195.

Karydis G., "Επιχειρήματα οικονομικής αποτελεσματικότητας κατά την εφαρμογή του άρθρου 102 της ΣΛΕΕ: Οικονομική προσέγγιση versus ασφάλεια δικαίου" (Ελληνική Επιθεώρηση Ευρωπαϊκού Δικαίου, 1/2016, τόμος 36, σελ. 1)

Karydis G., "Η εισφορά υπέρ ΕΛΚΕ των Α.Ε.Ι των μελών ΔΕΠ πλήρους απασχόλησης επί των εισοδημάτων τους από ελευθέριο επάγγελμα-επιχειρηματική δραστηριότητα , υπό το φώς των περί κρατικών ενισχύσεων διατάξεων του ενωσιακού δικαίου" (ΔΕΕ 3/2017, σελ. 288-299) .

Karydis G., 'Η άμυνα κατά της απόφασης ανάκτησης των παράνομων ενισχύσεων ενώπιον των "ενωσιακών" δικαστηρίων' (Νομικό Βήμα Τόμος 65 - Τεύχος 10, 2017, σελ. 2226).

Karydis G., "Κανονιστική Ρύθμιση τιμών και κανόνες ενωσιακού δικαίου περί θεμελιωδών ελευθεριών και ανταγωνισμού" (Ευρωπαϊκό Δίκαιο -ΕυΔικ. 2019, Τεύχος 2, σελ. 140).

Karydis G., "Ο μηχανισμός της ΣΟΕΣ (CETA) για την επίλυση επενδυτικών διαφορών υπό το φως της γνωμοδότησης 1/17 του Δικαστηρίου Ε. Ε", υπό δημοσίευση σε Ευρωπαϊκό Δίκαιο - ΕυΔικ. 2019

Karydis G. “Το δικαίωμα πρόσβασης των τρίτων στα έγγραφα του διοικητικού φακέλου σε υποθέσεις ανταγωνισμού και  κρατικών ενισχύσεων: Διαφάνεια  Vs  αποτελεσματικότητα ελέγχου”, Δίκαιο Επιχειρήσεων και Εταιριών, 6/2015, σελ. 595-607.

Katsimi Μ. and G. Zoega, 2016, "European Integration and the Feldstein-Horioka Puzzle", Oxford Bulletin of Economics and Statistics, forthcoming

Konstantinou P., «State-Dependent Effects on Voter Turnout: The Case of US House Elections (with C. Roumanias and T. Panagiotidis), Quarterly Review of Economics and Finance, forthcoming.

Konstantinou P., “Heterogeneous Monetary Policy Transmission in the Housing Market”, (with M. Christidou and C. Roumanias) Review of Economic Analysis, 10(1), 2018, 75-96.

Konstantinou P., “Inequality, demographics and the housing wealth effect: Panel quantile regression evidence for the US”, (with G. Bampinas and T. Panagiotidis), Finance Research Letters, 23, 2017, 19-22.

Konstantinou P., "Investigating Persistence in the US Mutual Fund Market: A Mobility Approach",( Drakos, K., Giannacopoulos, N) Review of Economic Analysis, 2015, 7: 54-83

Koundouri P., and Benedicte Rulleau, Valuing water: Selected Applications, editorial introduction to special issue, Water Resources Economics,, available online 22 November, 2018

Koundouri P., Catarina Roseta-Palma and Nikolaos Englezos (2017), "Out of Sight, Not Out of Mind: Developments in Economic Models of Groundwater Management", International Review of Environmental and Resource Economics: Vol. 11: No. 1, pp 55-96.

Osiel González Dávila, Koundouri P., Theologos Pantelidis, Andreas Papandreou, Do agents' characteristics affect their valuation of ‘common pool’ resources? A full-preference ranking analysis for the value of sustainable river basin management, Science of The Total Environment, Volume 575, 1 January 2017, Pages 1462-1469, Elsevier, ISSN 0048-9697,

Stella Apostolaki, Koundouri P.,, Nikitas Pittis. Using a systemic approach to address the requirement for Integrated Water Resource Management within the Water Framework Directive. Science of the Total Environment, 2019, forthcoming.

Stella Apostolaki, Stella Tsani, Koundouri P., Policies and prices for achieving full water cost recovery: An overview of Adige, Ebro and Evrotas Rivers. Resources, Special Issue Natural Resources Policy and Economics for Sustainable Development: Theory and Application, 2019, forthcoming.

Apostolaki, Ebun Akinsete, Stella Tsani, Koundouri P., Nikittas Pittis and Eleftherios Levantis. Assessing the Effectiveness of the WFD as a Tool to Address Different Levels of Water Scarcity Based on Two Case Studies of the Mediterranean Region. Water, Special Issue Economics of Water Resources Management, 2019, doi: 10.3390/w11040840

Koundouri P., Stella Tsani, Nikittas Pittis, Eleftherios Levantis, Socio-Economic Measures for Achieving Total Water Cost Recovery: A Brief Analysis with Illustration from the Evrotas River Basin, Greece. Environmental Analysis and Ecology Studies, 2019, doi: 10.31031/EAES.2019.05.000610

Ebun Akinsete, Stella Apostolaki, Nikos Chatzistamoulou, Koundouri P., and Stella Tsani. The Link between Ecosystem Services and Human Wellbeing in the Implementation of the European Water Framework Directive: Assessing Four River Basins in Europe" has been published in Water, Special Issue Economics of Water Resources Management. Water 2019, 11, 508; doi:10.3390/w11030508

Ker Rault, Ph., Koundouri, P., Akinsete, E., Ludwig, R., Huber-Garcia, V., Tsani, S., Acuna, V., Kalogianni. E., Luttik, J., Kasper Kok, K., Skoulikidis, N., Jochen Froebrick, J., (2018) Down scaling of Climate Change scenarii to river basin level: a transdisciplinary methodology applied to Evrotas river basin, Greece. Science of the Total Environment,  660 · December 2018 

Lucas Bretschger, Barbara Buchner, Carlo Carraro, Koundouri P., Xepapadeas A.,, 2014. "FEEM and CMCC Annual Convention, Review of Environment, Energy and Economics - Re3, Fondazione Eni Enrico Mattei, December 2017.

Fabio Zagonari, Stella Tsani, Sotiris Mavrikis, Koundouri P., (2018) Common environment policies in different sustainability paradigms: Evidence from the Baltic, Adriatic and Black Seas, Frontiers in Marine Science, DOI: 10.3389/fmars.2018.00216. Available at SSRN:

Tsani, S. and Koundouri P., (2018). "A methodological note for the development of integrated aquaculture production models". Frontiers in Marine Science, Vol 4, 2018. DOI: 10.3389/fmars.2017.00406, ISSN: 2296-7745.

Datry T, Singer G, Sauquet E, Jorda-Capdevilla D, Von Schiller D, Subbington R, Magand C, Pařil P, Miliša M, Acuña V, Alves M, Augeard B, Brunke M, Cid N, Csabai Z, England J, Froebrich J, Koundouri P, Lamouroux N, Martí E, Morais M, Munné A, Mutz M, Pesic V, Previšić A, Reynaud A, Robinson C, Sadler J, Skoulikidis N, Terrier B, Tockner K, Vesely D, Zoppini A (2017) Science and Management of Intermittent Rivers and Ephemeral Streams (SMIRES). Research Ideas and Outcomes , 2017. e21774.

A. Pistocchi, A. Udias, B. Grizzetti, E. Gelati, Koundouri P., R. Ludwig, A. Papandreou, I. Souliotis (2017). An integrated assessment framework for the analysis of multiple pressures in aquatic ecosystems and the appraisal of management options. Vol. 575, pp 1477-1488. Science of the Total Environment.
ISSN 0048-9697,

Koundouri P. and N.Pittis, N. Englezos, A. Papandreou, P. Samartzis, 2016. "Climate Change Policy under Uncertainty and Ambigiouty: Theory with Policy Relevant Policy Implications". Review of Environmental Economics and Policy (REEP) journal, forthcoming.

Koundouri P. and N. Kourogenis, N. Pittis, P. Samartzis, 2016, "Factor models of stock returns: GARCH Errors versus Time" - Varying Betas. Journal of Forecasting, doi: 10.1002/for.2387.

Koundouri P. and N. Kourogenis, N. Pittis 2016. "Statistical modeling of stock returns: Explanatory or descriptive? A historical survey with some methodological reflections". Journal of Economic Surveys, 30 (1), 149-164.

Koundouri P.," Research Advances on Ground Water Economics". Invited Paper in International Review of Environmental and Resource Economics, forthcoming 2017

Koundouri P., "Valuation of Marine Ecosystems". Oxford Research Encyclopedia of Environmental Science, forthcoming, 2016.

Remoundou, K., Diaz-Simal, P., Koundouri, P., & Rulleau, B. (2015). "Valuing climate change mitigation: A choice experiment on a coastal and marine ecosystem". Ecosystem Services, 11, 87-94.

Saul Torres-Ortega, Pedro Diaz-Simal, Amerissa Giannouli, Kyriaki Remoundou, Cristina Izaguirre, Koundouri P., "Assessing costs and damages reduction of climate change adaptation measures in coastal areas: application to the case study of Santander Bay". Journal of Coastal Research. forthcoming 2016.

Koundouri P., and Davila, O., Pantelides, T., Papandreou, A., "The Value of River Ecosystems: Method and Application". Special Issue: Towards a Multiple and Emerging Stressors Footprint on European Rivers. Science of the Total Environment. forthcoming 2016.

Koundouri P. and Souliotis I., "The Economic Value of Restoration based on the Ecosystem Services Approach", Science of the Total Environment, forthcoming, 2016.

Koundouri P. (co-author), 2016, "The governance of Multi-Use Platforms at Sea for energy production and aquaculture; obstacles and challenges for policy makers". Special Issue Phoebe Koundouri ed. ‘Sustainable Management of Marine Resources under Uncertainty: Economic, Environmental and Social Aspects‘. Sustainability, 2016, 8(4), 333; doi:10.3390/su8040333

Koundouri P. (co-author), 2016, "Participatory design of Multi-Use Platforms at Sea". Special Issue Phoebe Koundouri ed. ‘Sustainable Management of Marine Resources under Uncertainty: Economic, Environmental and Social Aspects‘. Sustainability. 2016, 8(2), 127; doi:10.3390/su8020127

Koundouri P. and Giannouli A., 2015, "Blue Growth and Economics", Frontiers in Marine Science, Ocean Engineering Technology, and Solutions for the Blue Economy. 2:94. doi:10.3389/fmars.2015.00094

Zanuttigh, B., Angelelli, E., Kortenhaus, A., Koca, K., Krontira, Y., & Koundouri, P., 2015, "A methodology for multi-criteria design of multi-use offshore platforms for marine renewable energy harvesting.", Renewable Energy, 85, 1271-1289.

Koundouri, P. and Rault, P. K., Pergamalis, V., Skianis, V., & Souliotis, I., 2015, "Development of an integrated methodology for the sustainable environmental and socio-economic management of river ecosystems." Science of The Total Environment, Vol.540 (1), January 2016, 90-100.

Koundouri, P. and Reppas, D., Souliotis, I., 2015, "A retrospective on The Allocation of Energy Resource by William D. Nordhaus. Invited paper in William Nordhaus Symposium", Journal of Natural Resources Policy Research. Volume 7, Issue 2-3, 173-176, 2015.

Koundouri P. (co-author), 2015, "Managing the effects of multiple stressors on aquatic ecosystems under water scarcity. The GLOBAQUA project." Science of the Total Environment, Volumes 503–504, 15 January 2015, 3–9. DOI: 10.1016/j.scitotenv.2014.06.0820

Milliou C, M. Alipranti and E. Petrakis, “On Vertical Relations and the Timing of Technology Adoption,”, Journal of Economic Behavior and Organization, 120, 2015, 117-129.

Moutos T. and Pechlivanos L., “Rent Seeking in a Time of Austerity: Greece”,  CESifo DICE Report,13(3), October 2015, pp. 38-43

Dellepiane-Avellaneda, S., Hardiman, N., Pagoulatos, G. & Blavoukos, S., 2018. Pathways from the European Periphery: Lessons from the Political Economy of Development. Studies in Comparative International Development, 53(2), p. 239–260.

Pagoulatos, G., 2017. Greece: Searching for Light at the End of the Tunnel. Intereconomics: Review of European Economic Policy, March-April , 52(2), pp. 66-67.

Pliakos A., Le premier renvoi préjudiciel de la Cour constitutionnelle allemande à la CJUE: un pas en avant, deux en arrière ? Revue de l’Union Européenne, 2015, pp. 41-50.  

Pliakos A. and G. Anagnostaras, “Fundamental Rights and the New Battle over Legal and Judicial Supremacy: Lessons from Melloni”, Yearbook of European Law, 2015, pp.1-30.

Pliakos A., “Προς μια Ευρωπαϊκή Ένωση της αλληλεγγύης”, Foreign Affairs (Greek Edition), 2015, σελ. 28-38.

Pliakos A.,  “Η αρχή της μη νομισματικής χρηματοδότησης των ελλειμμάτων των κρατών μελών κατά το Ευρωπαϊκό Σύνταγμα”, Νομικό Βήμα 2016,  σελ. 13-22.

Tsakloglou P. and F. Figari, A. Paulus, H. Sutherland, G. Verbist and F. Zantomio, “Removing homeownership bias in taxation: The distributional effects of including net imputed rent in taxable income”, Fiscal Studies, forthcoming

Tsakloglou P. and C. Koutsampelas, "The progressivity of public education in Greece: Empirical findings and policy implications", Education Economics 23, 2015, pp 596-611

V. Manoussi, A. Xepapadeas and J. Emmerling, 2019, “Climate Engineering under Deep Uncertainty,”  2019, Journal of Economic Dynamics and Control, 94, 207-224.

W. Brock and A. Xepapadeas, 2018, “Regional Climate Change Policy under Positive Feedbacks and Strategic Interactions”, 2018, Environmental and Resource Economics,

I. Baltas, A. Xepapadeas, A. Yannacopoulos, “Robust Control of Parabolic Stochastic Partial Differential Equations under Model Uncertainty”, European Journal of Control,

N. Baltas, A. Xepapadeas and A. Yannacopoulos, 2018, “Robust Portfolio Decisions for Financial Institutions”, Journal of Dynamics and Games, doi:10.3934/jdg.2018006.

D. Graas, A. Xepapadeas and A. de Zeeuw, 2017, “Optimal Management of Ecosystem Services with Pollution Traps: The Lake Model Revisited”, Journal of the Association of Environmental and Resource Economists, 4,

Y. Petrohilos-Andrianos and A. Xepapadeas, 2017, “Resource Harvesting Regulation and Enforcement: An Evolutionary Approach”, Research in Economics, 71, 2, 236-253.

E. Petracou, A. Xepapadeas and A. Yannacopoulos “Climate Change and Environmentally Induced Migration across Regions: Cooperative and Non-cooperative Solutions”, Homo Oeconomicus, doi:10.1007/s41412-017-0038-3.

W. Brock and A. Xepapadeas, 2017 “Climate Change Policy under Polar Amplification”, European Economic Review, 94, 263-282.  

A. Xepapadeas  and A. Yannacopoulos, 2016, “Spatial Growth with Exogenous Saving Rates”, Journal of Mathematical Economics, 67, 125-137.

K. Nyborg, A. Xepapadeas, et al., 2016, “Social Norms as Solutions” , Science, 354, October 2016.

E. Kyriakopoulou and A. Xepapadeas, 2016, “Atmospheric Pollution in Rapidly Growing Industrial Cities: Spatial Policies and Land Use Patterns” (, Journal of Economic Geography, doi:10.1093/jeg/lbw018.

Y. Petrohilos-Andrianos and A. Xepapadeas, 20176,“On the Evolution of Compliance and Regulation with Tax Evading Agents”, Journal of Dynamics and Games, 3, 231-260.

S. Levin and A. Xepapadeas, 2016, “Transboundary Capital and Pollution Flows and the Emergence of Regional Inequalities”, Discrete and Continuous Dynamical System – Series B,

Xepapadeas A., “Dynamic Games with Nature: Designing Policy under Ambiguity,” 2015, Strategic Behavior and the Environment, 5: 175-213.

Xepapadeas A. and V. Manoussi, 2015, “Cooperation and Competition in Climate Change Policies: Mitigation and Climate Engineering when Countries are Asymmetric”, Environmental and Resource Economics, DOI 10.1007/s10640-015-9956-3.

Xepapadeas A. and S. Levin, “Transboundary Capital and Pollution Flows and the Emergence of Regional Inequalities”, Discrete and Continuous Dynamical System – Series B, forthcoming.

Xepapadeas A. and G. Vardas, “Managing Interacting Populations under Time Scale Separation”, Natural Resource Modelling, forthcoming.