The Department of Economics aims at maintaining research and teaching standards at the highest level. It covers a wide range of economic studies in micro-and macroeconomic analysis, corporate finance and financial markets, public and monetary economics, international and rural economics, industrial organization and strategy, economics of the environment and natural resources, economic history and relevant quantitative tools of mathematics, statistics and econometrics. 

The Department is the oldest Department of Economics in Greece with a pioneering role in organising postgraduate studies in Economics since 1978. Its priority has always been to bring together highly qualified academic staff and top quality students. Faculty members specialise in a wide range of topics in economics, with experience in some of the most internationally prominent universities and publications in top academic journals.

The undergraduate program attracts high quality students who, after successful completion of their studies, face excellent prospects for employment in  the private and public sector, including areas such as business administration, banking, finance and advisory services. Also, graduates of the program have solid foundations in economics and related tools that are normally required for admission to top graduate programs internationally.

The graduate programs of the Department are highly regarded and attract a large number of quality candidates every year.

The current newsletter offers an update of recent activities of the Department of Economics and its members, highlighting its continuing impact on both teaching and research in Economics.

Evangelos Vassilatos
Head of the Department of Economics
Athens University of Economics and Business

May 31, 2024

External Evaluation of the Department of Economics Alumni

The External Evaluation of the Department of Economics was undertaken by ADIP (the HELLENIC QUALITY ASSURANCE AND ACCREDITATION AGENCY) on the 1st and 2nd of July 2019. The evaluation was conducted by Professor Chari Jannis Angelis (KTH Royal Institute of Technology), Professor Nikolaos Georgantzis (Burgundy School of Business), Associate Professor Vasileios Zervos (ISU and University of Strasbourg), Professor Ioannis Violaris (City Unity College Nicosia, Cyprus), and Mr Vasileios Samoutis (Economic Chamber of Greece). The Panel confirmed the very high standing of the Undergraduate Study Programme, where the Department attained "full compliance" in 10 out of 10 key Principles.

AUEB's Department of Economics invites its graduates to join the new platform

Undergraduate Studies
Undergraduate Program

Τhe Undergraduate Courses Program includes 59 courses offered by the Department, including 19  Compulsory Courses offered by the Department and 93 Free Elective Courses offered by other Departments of the University. 18 Foreign Language Courses, as well as 6 courses taught in English for visiting students through the Erasmus Program are also offered.

The Bachelor's degree is obtained by those students who successfully complete 40 courses (19 Compulsory, 8 specialization courses out of the list of courses of the selected specialization, 9 elective courses -up to 3 offered by the other Departments and 4 Foreign Language Courses) and accumulate 240 ECTS. Courses can be passed either by examination, or by exemption, or by equivalence under the Erasmus programme. Students are required to successfully complete 4 courses (I, II, III, IV) of one of the three foreign language cycles offered by the University. Students do not receive a grade for these courses, but only the qualification "pass" or "fail".

Students may be exempted from foreign language courses by submitting a certified copy of the approved ASEP Language Certificates either by the issuing authority or by a lawyer.

The program of the Department of Economic Science offers three (3) specializations:

1. Economic Theory and Policy

2. Business Economics and Finance

3. International and European Economics

In order to indicate the specialization they choose, students must be successfully examined in 16 courses, of which 12 must be compulsory. These do not include Teaching and Pedagogical Adequacy, Foreign Languages and Practical Exercise. Further information can be found here

Presentation of the undergraduate program of the Departent of Economics

The Department of Economics participated in the online informational event held on March 14, 2024, for high school seniors, where the undergraduate programs of all Departments of AUEB were presented. Assistant Professor Petros Varthalitis presented the undergraduate program of the Department of Economics

The related video (in greek) is available below:


My BSc in Economics at AUEB provided invaluable benefits. Its quantitative curriculum equipped me with a strong technical foundation and honed my analytical skills, crucial in any specialization. The department’s internship scheme helped me to land my first internship at a global consulting firm, pivotal for my career progression. Overall, choosing to study here was a rewarding decision that I would make again.

- Kakatsios Evangelos, Project Finance Analyst at Piraeus Bank

The undergraduate program in Economic Science at the Athens University of Economics and Business (AUEB) has been an exceptional journey. The comprehensive curriculum, which covers a broad range of topics from microeconomics to econometrics, has provided me with a strong foundation in both theory and practical applications.The diverse and stimulating community at AUEB has enriched my personal and professional growth, making this program an outstanding choice for anyone pursuing a career in economics. I am so impressed with the quality of education that I am continuing my studies in the master's program at AUEB. I wholeheartedly recommend it.

- Ioannis Zannias, Postgraduate Student in Economics at Athens University of Economics and Business

During my four years as a undergraduate student in the Department of Economics, I had the opportunity to come into contact with a wide range of topics in economics. Furthermore, the variety of courses in the program, in combination with the professors, allowed me to understand the main economic issues and inspired me to explore this vast field  on my own. Last but not least, it helped me to improve my analytical skills and adopt a scientific way of thinking, which ultimately had a decisive impact on my personality.

- Konstantinos Vlachos, Postgraduate Student in Economics at Athens University of Economics and Business

Internship Programme

The Internship Program offered by the Department of Economics gives to students the opportunity to work in companies, organizations and banks in the Attica region, as well as other parts of the country.

The companies and organizations where students completed their internships during the academic year 2022-23, as well as during the winter semester of the academic year 2023-24, are available here.

The Program "Practical Training of the Athens University of Economics and Business" with Code OJPS 6004518 is implemented within the framework of the Operational Program "Human Resources and Social Cohesion 2021-2027". Alternatively, in case there are no ESF funds available in a certain period, interested parties can participate in the privately funded program "Self-financed Student Internship Project of AUEB".

In this program, funding is entirely provided by the company, which undertakes the obligation to deposit the amount related to the student's compensation and accident insurance into a bank account held by the Special Fund and Research Account of AUEB after the completion of the internship. Students can only participate once in the Department's Internship Program (either with ESF funds or with other resources). Further information about the evaluation of applications and the duration of the internship can be found here

Scientific Coordinator: Assistant Professor Eleftherios Zacharias,

Administrative Support: Antonios Roussos,


Under the auspices of the Erasmus+ Programme, the Department of Economics each year provides its students with the opportunity to spend part of their studies (Autumn Semester, Spring Semester, or Academic Year) in European Universities, with full recognition of their studies. 

The Department offers transparency in its curriculum and fair treatment to all its students by applying the rules of ECTS. It uses the ECTS documents, the Student's application form, the Learning agreement document and the Transcript of records ensuring academic recognition.

The students participating in the Erasmus+ Programme receive full credit for all academic work successfully carried out at any of the ECTS partner institutions and they will be able to transfer these academic credits from one participating institution to another on the basis of prior agreement on the content of study programs abroad between students and the institutions involved.

When students have successfully completed the study program previously agreed between the home and the host institutions and return to the home institution, credit transfer take place, and students continue their studies at the home institution without any loss of time or credit.

The Department of Economics has 58 active bilateral agreements  with European Universities within the framework of the Erasmus+ mobility program, and constantly expanding them in order to further enhance its international position and visibility. Further information can be found here

More than 50 students of our Department participate annually in the program and have attended courses in our partner institutions, while approximately 70 international students are welcomed annually to our Department and attend courses for one semester or for a full academic year.

Νew collaboration between the PhD program of the department and the PhD program of the University of Cyprus through the Erasmus program starting from the academic year 2024-25.
Professors E. Tzavalis and Evangelos Vasilatos are appointed as coordinators responsible for incoming students.

Academic Coordinator for 2023-2024: Assistant Professor Fabio Antoniou
Academic Coordinator for 2024-2025: Assistant Professor Petros Varthalitis
Erasmus+ Responsible Administrator : Anastasia-Othonia Mouriki, Special Technical & Laboratorial Personell


"Erasmus studies was the best experience I've had in my life. I decided to go to Istanbul because I wanted to practice my Turkish, to learn more about the country's culture and experience studying in Istanbul. Istanbul Technical University was beyond my expectations. The main campus, where my department was in, was so safe, organized, offered a lot of activities and the facilities and classrooms were great. The professors were also very kind, supportive and helpful and offering interesting but at the same time demanding lessons, with frequent assignments which were awakening the students' interest and motivating them to stay active in the course. Besides my studies, I had an amazing time in Istanbul. I made a lot of new friends, many of whom I met through the ESN community, explored the city and enjoyed the experience to the fullest. I would recommend to all students if they have the opportunity to participate in the Erasmus studies program."

-Tzagaraki FaniIstanbul Teknik Universitesi, Turkey (spring semester 2022-23)

"For me the Erasmus program was and will remain one of the most pleasant and exciting experiences of my life! The different cultures, the new way of life, the friendships and the everyday life of the university exceeded all my expectations!! I feel incredibly lucky that I was able to take part in the program because it will remain  in my memory forever. And what  wouldn't  I give to be able to return for one more day to the daily student life in Strasbourg! The excellent communication I had with the executives of our university made my entire integration process even smoother and easier."

Pappou Theodora–AnnaUniversity  of Strasbourg, France (fall semester 2023-24)

"Having spent a month back in Greece already, I still can't believe that my Erasmus experience is over. It was truly one of the most remarkable experiences of my life and one of the best decisions I've ever made. I didn't know then, when it all started, that I would end up finding a new place to call home and new people to call my family. Granada will always hold a special place in my heart, and I will cherish these memories forever."

- Siatopoulou DimitraUniversity of Granada, Spain (fall semester 2023-24)

"Celebrating the essence of discovery and cultural immersion, my semester abroad under the Erasmus+ program was nothing short of extraordinary and comes highly recommended. The city of Strasbourg, which is located at the crossroads of France and Germany, is captivating thanks to its beautiful architectural mix and kaleidoscope of cultural influences. The University of Strasbourg, organized and welcoming to all their exchange students, offered a variety of courses in French and English, creating a unique academic experience. Additionally, it places great importance on extracurricular activities, which students can sign up for at the beginning of the semester, ranging from athletics to activism. As for the process, the communication and support I received from AUEB were outstanding, with the Erasmus+ Office staff always available to assist and address any questions. Overall, I highly encourage others to undertake a semester abroad, as this experience was enriching and filled with experiences that left an indelible mark on my academic journey."

- Andrianopoulou EleniUniversity  of Strasbourg, France (fall semester 2023-24)

"I participated in the Erasmus program on the Spring semester of 2023 in Lisbon, Portugal. I can’t explain to you how happy I am to have participated and how much this changed my life in many different ways. Although I was scared at first, my curiosity and my desire to live in another country took the best of me and that’s how my journey begun. During my Erasmus I met other students from all over the world with whom I had so much fun. I also visited many places of unique beauty and lived according to the way of life of a culture much different from ours. At last, I was very lucky to study in Nova SBE which is one of the best universities for Economics and Business in Europe, something that enhanced my academic experience. This journey through Erasmus is something that I will never forget, and I strongly recommend it to everyone!!!"

- Psychogios Marios-Loukas, Nova School of Business and Economics – Universidade Nova de Lisboa, Portugal (spring  semester 2022-23)

"These few months were some of the best in my life. It was a nice experience living abroad and I combining my studies with fun. Barcelona is a well-structured city I fell in love with and I wish one day to go back. I made new friends all over the world and knew new civilisations. Erasmus is a good step if you are thinking to go abroad to work or to study because it gives you the opportunity to do this for a short time and see if you like it or not. The university was a little different from my country’s, but I tried my best too. Via Erasmus programme I went alone to a new country without knowing anyone and came back with many friends and full of experience. It was a beautiful trip that they will have in the bottom of my heart forever. Of course sometimes it was difficult   as for the University, the home, the friends and generally the life that was a little different than what I was used to in Greece, but it made me stronger  and more enthusiastic."

Ioannis TsioulosUniversitat Autonoma de Barcelona, Spain (fall semester 2023-2024)

Postgraduate Studies

The Department of Economics of the Athens University of Economics & Business (AUEB) pioneered in organising postgraduate studies in Economics in Greece since 1978, both at the Master’s and doctoral level. During its long history, the Department has trained highly-qualified economists, many of whom now hold academic and research positions in universities and research institutes or occupy high level managerial positions both in Greece and abroad.

The postgraduate programs of the Department are highly regarded and attract a large number of quality candidates every year. The Department offers full- time and part-time programs:

The flagship PhD program of the Department aims to prepare candidates wishing to pursue an academic or research-oriented career in the public and business sector. Our Department is a pioneer in organizing doctoral studies in Economics in Greece. Graduates of the Program are currently serving as faculty members at universities in Greece and abroad, and are employed at research institutes such as the Centre of Planning and Economic Research (KEPE), at the Hellenic Statistical Authority (ELSTAT), Bank of Greece, and Ministries as senior executives, in private banks and other public and private organizations.

Certification of the MSc in Economics by the Hellenic Authority for Higher Education with the highest score 10/10!

Τhe MSc in Economics program of AUEB received Accreditation from the Hellenic Authority of Higher Education (HAHE) with the highest score of 10/10! Based on the Report of the External Evaluation & Accreditation Committee, the MSc in Economics fully complies (10/10) with the principles of the HAHE Quality Standard for the Certification of Postgraduate Programs and the Principles and Guidelines for Quality Assurance in the European Area of ​​Higher Education (ESG), for study level 7 of the National and European Qualifications Framework.

The validity period of the certification is five years, from 20.12.2023 to 19.12.2028.

Accreditation Report 

The Graduate Programs (Masters Programs) of the Athens University of Economics and Business (OPA) hold top positions at the international level, according to the reputable international assessment body "Eduniversal Best Masters Rankings" for 2024. The said body ranked a total of 5,820 Graduate Programs from 153 countries worldwide for 2024.

The evaluation criteria of the "Eduniversal Best Masters Rankings 2024" include: a) the reputation of the programs, through the perspective of companies hiring personnel, b) the salary of the first employment after graduation, and c) the satisfaction of recent graduates, through satisfaction research conducted by Eduniversal.

The ranking of the MSc in Economics Program by scientific field - at the global level and at the level of Western Europe is presented in the following icon:

For more information: Eduniversal Masters Ranking 2024

Econometric Game

The Athens University of Economics and Business recently competed in the Econometric Game, also known as the World Championship in Econometrics, held in Amsterdam. This event gathers the brightest minds from 30 top universities worldwide to solve real-life cases. The AUEB team consisted of two students from the Department of Economics, Mr. Christos Mylonakis (MSc Student in Business Economics with Analytics) and Mr. George Malanos (PhD Student) as well as from the students Nasia Kalogirou and Anna Nalpantidi from the Department of Statistics. The team tackled the challenging task of estimating "Causal Effects in Education". This involvement underscores the commitment of the Department of Economics to academic excellence and its prominent position in the field of econometrics.

Recent PhDs
Chountas Konstantinos 13-09-23 Essays in Panel Data and Network Econometrics Kyriazidou, A.
Valaskas Konstantinos 13-12-23 Dynamic Optimization and Revenue Management: Capacity Constraints and Market Competition Vettas, N.
Tagaraki Theano-Maria 13-12-23 The Impact of  Intellectual Property Rights on Firms and Economic Growth Genakos, C..
Active Postdoctoral Researchers
Giannoulakis Stylianos Macroeconomic Implications of Firm Financing Constraints and Corrective Policy Responses Sakellaris, Pl.
Smyrnakis Dimitrios The Management of the Endogeneity Problem in Econometric Models Tzavalis, E.
Liontos Georgios Optimal Tax Policies in an Integrated World Philippopoulos,A.
Boultzis Ilias Intergenerational Conflict and Government Debt Philippopoulos,A.
Kanigaridis Nikolaos Analysis of Transmission Mechanisms of Policyshocks Across Alternative Policy Regimes in DSGE Models Vassilatos, E.
Papantonis Ioannis Financial Econometrics and Large and High Frequency Data Tzavalis, E.
PH.D. Candidates

The PhD candidates of the department of Economics can be found here.

Selected News and Announcemnts
Professors Emeriti

The University awarded the title of Emeritus Professor to Professors George Alogoskoufis, Apostolis Philippopoulos and Andriana Vlachou for their service in teaching, research and administration in the Department of Economics. Herebelow there is a brief curriculum vitae of the new Emeriti Professors.

Professor George Alogoskoufis received his bachelor’s degree from the National and Kapodistrian University of Athens (Department of Economics), his Master of Science (M.Sc.) in Economics, and his Doctor of Philosophy (Ph.D) in Economics from the London School of Economics. He was awarded the Sayers Prize by the University of London in 1981 for outstanding doctoral dissertation in Monetary Economics.

From 1984 to 1992, he was initially an Assistant Professor and later an Associate Professor at Birkbeck College, University of London. Subsequently, he served at the Department of Economics of the Athens University of Economics and Business as a Professor of Economics from 1990 until his retirement in August 2023. He is now Professor of Economics Emeritus at the Athens University of Economics and Business.

From September 1996 to October 2009, he was an elected member of the Hellenic Parliament. From March 2004 to December 2008, he served as Minister of Economy and Finance of the Hellenic Republic and represented Greece in the Eurogroup and the ECOFIN Council of the European Union.

He is a Research Associate at the Hellenic Observatory of the London School of Economics and Political Science and a Fellow of the European Economic Association. He has also served as a Research Fellow at the Centre for Economic Policy Research (CEPR), Advisor to the World Bank, President of the Institute of Economic Policy Studies (IMEP), and Research Officer at the Centre for Labour Economics, London School of Economics. Additionally, he has been President of the Council of Economic Advisers and Advisor to the European Commission on the One Market, One Money Program.

He has extensive teaching experience both at the undergraduate and postgraduate levels. He has also supervised numerous dissertations as part of the PhD program. 

His research and scholarly activity focus on areas of Macroeconomic Theory and Policy (Unemployment and Inflation, Economic), International Economics, as well as issues related to the European Economy and the problems and structure of the Greek Economy. His works and books have been honored with awards and distinctions. For example, in 2002, his book (with Sophia Lazaretou), "The Drachma: From Phoenicia to the Euro," a monetary and macroeconomic history of Greece from the 19th century to the adoption of the euro, was awarded by the Academy of Athens.

He has published extensively in top international academic journals such as The Journal of Political Economy, American Economic Review, Journal of Monetary Economics, The Economic Journal, European Economic Review, Economica, Economic Policy, Journal of Money, Credit and Banking, European Journal of Political Economy, and has served as a reviewer for many of them. He continues to be active in research and writing, with significant ongoing work.

Apostolis Philippopoulos is currently professor emeritus at the Department of Economics at the Athens University of Economics and Business (AUEB). He holds a PhD from Birkbeck College, University of London. He has taught at the University of Essex (1989-1996) and AUEB (1996-2023), and has also been a visiting professor at the Universities of Bern, Charles and Glasgow. He is a research fellow at CESifo in Munich and the Hellenic Observatory at the LSE. He currently serves as a member of the Hellenic Fiscal Council. He has published more than sixty research papers on macroeconomic theory and policy.

Professor Andriana Vlachou received her bachelor's degree from the Athens University of Economics and Business (Department of Economics), her Master of Science (MSc) in Agricultural and Resource Economics from the University of Massachusetts, Amherst, where she also completed her doctoral dissertation titled Dynamic Analysis of Energy Demand in U.S. Manufacturing during the 1970s.

She served at the Department of Economics of the Athens University of Economics and Business as an Adjunct Assistant Professor (1984-88), Assistant Professor (1990-1996), Associate Professor (1996-2016), and Full Professor (2016-2023) until her retirement in August 2023.

Additionally, she has been a Visiting Professor at the University of Massachusetts (Amherst) in 1992, 2000, and 2011, at the University of Massachusetts (Boston) in 2016, as well as a Visiting Professor at SOAS, University of London, in 1999, 2004, and 2011.

During her employment at the Athens University of Economics and Business, she has contributed significantly to teaching at both undergraduate and graduate levels, maintaining continuous research and scientific activity, as well as notable administrative work.

Her research focuses primarily on Economic Theory, Environmental and Natural Resource Economics, and Marxist Theory.

She has authored (often in collaboration) monographs and books such as Substitution Possibilities for Water Inputs in Selected Industries, Publication No. 121, Water Resources Center, University of Massachusetts, Amherst 1980, and The Socialist Transformation of China, Athens: Odysseas Editions for the Foundation for Mediterranean Studies, 1989, She has also edited volumes such as Contemporary Economic Theory: Radical Critiques of Neoliberalism, London: Macmillan 1999, and Economic Crisis and Greece, A. Vlachou, N. Theocharakis, D. Mylonakis, (eds.), Hellenic Political Economy Association (EEPO),  Athens: Gutenberg, 2011.

She has written or edited five textbooks, including Environment and Natural Resources: Economic Theory and Policy, Volume A, Kritiki Editions, Athens 2001, and the Political Economy of Capitalism, edited volume, Athens: Kritiki, 2009.

She has published numerous scientific articles in international academic journals such as Cambridge Journal of Economics, Energy Economics, Northeastern Journal of Agricultural and Resource Economics, Southern Economic Journal, Capitalism-Nature-Socialism, Rethinking Marxism, Journal of Energy and Development, Journal of Policy Modeling, Energy Policy, Environmetrics, Science & Society, Review of International Political Economy, and Review of Radical Political Economics. Finally, she has served as a reviewer for journals such as Cambridge Journal of Economics, Capitalism-Nature-Socialism, Review of Radical Political Economics, Energy Economics, Energy, Environmental Values, Ecological Economics and others.

Recent Recruits

Ioannis Kospentaris joined the Department of Economics of the Athens University of Economics and Business in July 2023 as an Assistant Professor of Macroeconomics. He completed his PhD in Economics at the University of California, Los Angeles (UCLA) in 2018 and during the period 2018-2023 he was an assistant professor at Virginia Commonwealth University (VCU) in Virginia, USA. His research interests focus on theoretical and applied Macroeconomics, with applications in labor markets, financial markets, and economic policy. His articles have been published in international scientific journals such as Review of Economic Dynamics, Journal of Economic Theory, and European Economic Review.

Awards and Distinctions

For the fifth consecutive year, on February 14, 2024, the Awards Ceremony for Outstanding Teaching Performance for the academic year 2022-2023 took place at the "Miltiadis Evert" Amphitheater in the Technopolis of the Municipality of Athens.

Associate Professor Evangelos Dioikitopoulos received the Outstanding Teaching Performance Award of the Department of Economics for the undergraduate course in Introduction to Economic Analysis II, for the academic year 2022-2023.

The Rector of the Athens University of Economics and Business, Professor Dimitris Bourantonis, commented on the event, saying: "The tradition of excellence is ingrained in AUEB. Through evaluation processes of the institution's teaching staff, we reward quality, consistency, and dedication to educational work. At the same time, we promote noble competition by rewarding the efforts of members of the academic community who have succeeded in gaining admission to higher education."

Assistant Professor Fabio Antoniou received the Outstanding Teaching Performance Award for the postgraduate course in Business Finance and Strategic Business Decisions, for the academic year 2021-22.

Professor Stylianos Arvanitis received the Research Prize of the Department of Economics, for his paper on Generalized Stochastic Arbritrage Opportunities, published in the Management Science, for the academic year 2023-2024.

He also received the Outstanding Teaching Performance Award for the postgraduate course in Mathematical Economics, for the academic year 2021-22.

Professor Plutarchos Sakellaris received the Research Prize of the Department of Economics, for his paper on Firms' Financing Dynamics Around Lumpy Capacity Adjustments, published in the European Economic Review, for the academic year 2023-2024.

Assistant Professor Ioannis Kospentaris received the Research Prize of the Department of Economics, for his paper on Worker Mobility and UI Extensions, published in the European Economic Review, for the academic year 2023-2024.

Assistant Professor Vassilis Sarantides received the Research Prize of the Department of Economics, for his paper on Historical Pathogen Prevelance and the Radius of Trust, published in the European Economic Review, for the academic year 2023-2024.

Professor Εlias Tzavalis received the Research Prize of the Department of Economics, for his paper on Exploring Okun's Law Asymmetry: An Endogenous Threshold Logistic Smouth Transition Regression Approach, published in the Oxford Bulletin of Economics and Statistics, for the academic year 2023-2024.

He also received the Outstanding Teaching Performance Award for the postgraduate course in Market Analysis and Portfolio Management, for the academic year 2022-23.

Research Grants

Angelos Alexopoulos

  • Research Grant as Principal Investigator by Hellenic Foundation for Research and Innovation (H.F.R.I) for the project "Fraud Detection in Public revenue".

Fabio Antoniou

  • Research Grant EL.ID.E.K., for research on "The Origins of State Capacity and its Implications on the Contemporary Economy and Economic Policy", 2020-2022.
  • Research Grant Drasi I, for research on "International Spillovers and Environmental Regulation".

Stylianos Arvanitis

  • Research Grant EL.ID.E.K., jointly with Nikolas Topaloglou, for research on “Statistical Tests for Stochastic Dominance and Stochastic Spanning and Applications in Finance and Economics”, 2020-2022.

Yiannis Dendramis

  • Research grant from HFRI (ELIDEK) under National Recovery and Resilience Plan (Greece 2.0) Action: Project Number: 015536, title: High Dimensional Econometric Modelling with Applications to Macroeoconomic and Financial Data.

Ioannis Kospentaris

  • Research Grant Drasi I of academic year 2023-24, for research on Applications of Search and Matching Models.

Efthymia Kyriakopoulou

  • Δράση Ι: Housing Investment Decisions: Sustainability, Preferences, and Peer effects. "Greening of Taxes", European Commission and EY.

Plutarchos Sakellaris

  • Research Grant from ΕΛΙΔΕΚ (Hellenic Foundation for Research and Innovation ) under the 4th Call for Action “Science and Society”- Emblematic Action – “Interventions to address the economic and social effects of the COVID-19 pandemic” (project ID: FISCALCONS 05007). The project was ranked first among the proposals submitted for the Call. Duration: November 2021-May 2023.

Elias Tzavalis

  • Research grant from ΕΛΙΔΕΚ-HFRI (Hellenic Foundation for Research and Innovation) under National Recovery and Resilience Plan (Greece 2.0) Action: Project Number: 015536, title: High Dimensional Econometric Modelling with Applications to Macroeconomic and Financial Data.

Petros Varthalitis

  • Research Grant as Principal Investigator by Hellenic Foundation for Research and Innovation (H.F.R.I) Sub-action 1, Funding new researchers-RRF: Basic Research Financing on "Intangible leaders and laggards in European Union and Eurozone: A general equilibrium analysis", 2023-2025.
Newspaper Articles and Interviews

George Alogoskoufis

  • How Can Economic Growth be Accelerated, TA NEA, March 9, 2024.

Τhe fourth cycle of globalization, the cycle of ‘liberalization’, lasted from the early 1980s until the international financial crisis of 2008-2009. This article discusses the necessary reforms for an acceleration of Greece's sluggish recent and prospective economic growth.

  • High Time for Difficult and Beneficial Reforms in Greece, To Vima, December 31, 2024.

The rapid recovery of the Greek economy from the deep recession of 2020 caused by the pandemic was a positive development. However, for the next few years all international organizations expect a significant slowdown in the rate of economic growth. In the medium term, the problem of strengthening the economic recovery by improving the international competitiveness of the Greek economy, as well as the problem of the more rapid de-escalation of the ratio of public debt to GDP, constitute the two biggest challenges of economic policy. This article discusses how this can be achieved.

  • Cycles of Globalization and the Greek Economy, Policy Journal, October-November 2023.

The term globalization refers to the free inter-connectedness and inter-dependence of individuals, businesses, and countries around the world. Globalization is driven by developments in technology, communications, trade, the movement of people, and international politics. It is a complex and multifaceted phenomenon that has shaped the modern world in many ways. Historically, globalization has experienced four major cycles in the last two centuries. The first, the cycle of industrialization, emerged in the 19th century, after the end of the Napoleonic wars. The second cycle, that of protectionism, lasted from 1914 to 1945. The third round of globalization began hesitantly after World War II, within the framework of the Bretton Woods system of fixed exchange rates and managed trade liberalization. The “globalization slowdown”, or slowbalization, that followed the global financial crisis was characterized by a slower expansion of cross-border lending and trade, and it is a new cycle that continues to this day. In its two hundred years since independence, modern Greece has been affected by all four cycles of globalization. This paper discusses how and prospects for the future.

  • The Biggest Risk for the Economy is Complacency, TA NEA, October 27, 2023.

This article discusses the risks of policy complacency for the Greek economy and suggests the areas where reforms ought to be pursued.

Fabio Antoniou

George Bitros

Efthymia Kyriakopoulou

  • Brief non-technical summary of my article "Urban Transport Policies and Net Zero Emissions in the EU" (coauthored with Rob Hart and Tingmingke Lu, forthcoming in Annual Reviews of Resource Economics) in OΠΑ News-Το Βήμα της Κυριακής. The article highlights the significant contribution of road transportation to greenhouse gas emissions and atmospheric pollution, particularly in urban areas, and discusses a number of policies that can be used to address these challenges. 

Elias Tzavalis

Petros Varthalitis

  • Intangible investment and overall growth in Ireland, joint with I. Kostarakos, 2023, article at Economic and Social Research Institute Series, Quarterly Economic Commentary, Autumn 2023.
Events and Conferences Highlights
22th Conference on Research on Economic Theory and Econometrics

AUEB’s Department of Economics supports the organization of the 22nd Conference on Research on Economic Theory and Econometrics (CRETE) at the Milos Conference Center - George Eliopoulos, Greece, July 10-14, 2024. CRETE is an annual conference covering an assortment of themes on economic theory and econometrics. The most important aspiration of this event is to support the assembly of different groups of people, seniors and juniors from Greece and abroad. The first meeting took place in 2002 and it has been successfully organized ever since for the last 22 years.

For more information click here.

2nd Athens Winter Econ Meeting

The Department of Economics of the Athens University of Economics and Business organized the 2nd Athens Winter Econ Meeting on December 22, 2023.

Organizing committee: Myrto Kalouptsidi, (Harvard University), Theodore Papageorgiou (Boston College), Manolis Galenianos (Royal Holloway), Christos Genakos (Cambridge University), Ioannis Kospentaris (Athens University of Economics and Business

For more information click here.

Easter Workshop on “The nexus between fiscal and monetary policies in general equilibrium”

The Department of Economics of the Athens University of Economics and Business co-organised the Easter Workshop on “The nexus between fiscal and monetary policies in general equilibrium”, April 1-5, 2024.

Aim: This workshop was aimed at economists who work at Central Banks, Ministries of Finance and other policy institutions. But it was also aimed at advanced PhD students and post-doc researchers who work on this area. The workshop covered micro-founded macroeconomic models and computational applications using Matlab and DYNARE. The key idea was to start with a simple well-known model and then add step-by-step the main macroeconomic (fiscal and monetary) policies in a unified general equilibrium framework.       


  • Baseline laboratory: the neoclassical growth model with fiscal policy
  • Adding nominal fixities and interest rate policy (New Keynesian model)
  • Adding private banks, the central bank and quantitative monetary policies
  • The above in an open economy  
  • What is different in the Eurosystem

Instructors: The core lectures were given by Professor Apostolis Philippopoulos, while specific topics and computational applications were taught by Vassiliki Dimakopoulou (National University of Athens and IOBE), George Economides (AUEB), Dimitris Papageorgiou (Bank of Greece) and Petros Varthalitis (AUEB).

For more information click here.

International Conference on Endogeneity, VARs and Large Data Econometrics

The Department of Economics of the Athens University of Economics and Business with the Financial Support of Hellenic Foundation for Research and Innovation organized the 

International Conference on Endogeneity, VARs and Large Data Econometrics on July 7, 2023.

Organizing committee: Dimitris Christopoulos,  Athens University of Economics and Business, Department of International and European Economic Studies, Yiannis Dendramis and Elias Tzavalis, Athens University of Economics and Business, Department of Economics. 

For more information click here.

    Organization of Workshops and Conferences

    Fabio Antoniou

    • Workshop "On the origins of state capacity and its implications on the contemporary economy and economic policy" responsible for the section "Industrial Organization Theory Workshop", 23-24 October 2023, Athens. . The workshop was funded by HFRI.

    Yiannis Dendramis

    • International Conference on Endogeneity, VARs and Large Data Econometrics, July 2023, Athens University of Economics and Business, Athens, Greece.

    Ioannis Kospentaris

    Apostolis Philippopoulos

    • During 1-5 April 2024, he taught a Workshop on "Fiscal and monetary policies in general equilibrium", co-organized by the Bank of Greece and the Department of Economics of Athens University of Economics and Business.

    Plutarchos Sakellaris

    Elias Tzavalis

    Refereed  Publications of Staff Members

    George Alogoskoufis

    Fabio Antoniou

    Stylianos Arvanitis

    • Spanning Analysis of Stock Market Anomalies under Prospect Stochastic Dominance (with Scaillet, O. and Topaloglou, N.), 2023, Management Science. (published online 20/10/23).
    • Generalized Stochastic Arbitrage Opportunities (with Post, T.), 2023, Management Science. (published online 15/09/23).
    •  Mild Explocivity, Persistent Homology and Cryptocurrencies' Bubbles: An Empirical Exercise (with Detsis, M.), 2024,  AIMS Mathematics 9, no. 1 (2024): 896-917. (published online 4/12/23)
    •  Stochastic Arbitrage Opportunities: Set Estimation and Statistical Testing (with Post, T.), 2024, Mathematics, 12(4), 608.

    George Bitros

    Yiannis Dendramis

    Κonstantinos Gkravas

    • Asymmetries in post-war monetary arrangements in Europe: From Bretton Woods to the Euro Area (with Alogoskoufis, G. and Jacque, L.), The Journal of Economic Asymmetries, 28, 2023.

    Ioannis Kospentaris

      Efthymia Kyriakopoulou

      • The Zoom City: working from home, urban productivity and land use (with Picard, P.), 2023, Journal of Economic Geography, 23:1397-1437.

      Theodore Lianos

      Apostolis Philippopoulos

      • Can Central Banks do the Unpleasant Job that Governments Should Do? (with Dimakopoulou, V., Economides, G. and Vassilatos, V.), 2024, accepted for publication in European Economic Review.
      • On the Provision of Excludable Public Goods: General Taxes or User Prices? (with Economides, G,), 2024, accepted for publication in Scottish Journal of Political Economy.

      Plutarchos Sakellaris

      Vassilis Sarantides

      • Historical Pathogen Prevalence and the Radius of Trust (with Kammas, P.), European Economic Review, 2024, vol.162.
      • Investing in the Roots of your Political Ancestors (Kammas, P. and Poulima, M.) International Tax and Public Finance, 2024.

      Anastasios Tassiopoulos

      • Whither Greece? Productivity before and after the Subprime Crisis (with Tsionas, M., Vidali, M. and Leledakis, G.), 2023, Theoretical Economics Letters, 13, 1780-1801. doi: 10.4236/tel.2023.137103.

      Petros Varthalitis

      • Is Ireland the most Intangible Intensive Economy in Europe? A Growth Accounting Perspective, joint with I.Kostarakos and K.McQuinn, Review of Income and Wealth, 2023.
      • A Machine Learning Approach to Construct Quarterly Data on Intangible Investment for Eurozone, joint with A. Alexopoulos, Economics Letters, vol. 231, 2023.
      Books - Book Chapters

      George Alogoskoufis

      • Alogoskoufis, G. (2023), Constantine Karamanlis and the Post-War Development of the Greek Economy, Ch. 8, in Arvanitopoulos, C. (ed), Karamanlis: Politics as Creativity, Eurasia Publications, Athens (in Greek).

      George Bitros

      • George C. Bitros, 2023. The battle of Salamis and the future of democracy, in Emmanouil M.L. Economou, Nicholas C. Kyriazis, Athanasios Platias (Eds), Democracy in Times of Crises: Challenges, Problems and Policy Proposals. Springer, pp.93-114.

      Yiannis Dendramis

      • Avgeri I. Dendramis Y. Louri H., 2023. Common bank supervision and profitability convergence in the EU, Encyclopedia of Monetary Policy, Financial Markets and Banking.

      Ioannis Katselidis

      • Economics and Psychology: An Uneasy History (with Drakopoulos), London and New York: Routledge, 2024.
      • Strategies Fostering Equity and Social Justice in the Labour Market: A Brief Review, in Marques, J. (ed.), Encyclopedia of Diversity, Equity, Inclusion and Spirituality, Springer, Cham, 2024.

      Efthymia Kyriakopoulou

      • Scientific Editing of Environmental and Natural Resource Economics: A Contemporary Approach, Jonathan Harris, Brian Roach—International Student Edition, 5th Edition. Scientific Editing in the Greek Edition, published by Tziolas Edition.

      Theodore Lianos

      • Population, Environment and Welfare: A Difficalt Conversation, 2024, in: Rosano, M., The Routledge Handbook of Sustainability, Education and Thinking in the 21st Century, Taylor and Francis, (under publication).
      • The Future of Capitalism, Palgrave MacMillan (under publication).

      Andrianna Vlachou

      • Karl Marx: A Critical View on Economic Policy" in S. Drakopoulos and I. Katselidis (ed.), Economic Policy and the History of Economic Thought, London: Routledge, 2023, pp. 89-108,  (with C. Konstantinidis).
      Recent Invited Talks

      Angelos Alexopoulos

      • A machine learning approach to construct quarterly data on intangible investment of Eurozone (co-author Petros Varthalitis), Invited Talk in WIPO-Luiss 1st Global INTAN-Invest Conference, Rome, May 2024.
      • A machine learning approach to construct quarterly data on intangible investment of Eurozone (co-author Petros Varthalitis), Invited Talk in the Bank of Greece, May 2024.
      • A network and machine learning approach to detect VAT fraud (co-author Petros Varthalitis), Invited talk at Research Center Complexity Science Hub, Vienna, Austria, June 2024.

      George Alogoskoufis

      • 50 Years after the Restoration of Democracy. What have we Learned about the Economy, Invited talk at the Delphi Economic Forum, Delphi, April 10, 2024.
      • The Economy 50 Years after the Restoration of Democracy, Invited talk in the National Bank of Greece/Hellenic Observatory and Kathimerini conference 50 Years after the Restoration of Democracy, Athens, March 1, 2024.
      • Productivity, Reforms and Economic Growth, invited talk at the presentation of the Annual Productivity Report, Centre for Planning and Economic Research, Athens, December 14, 2023.
      • The Greek Economy: Medium Term Prospects and the Urgency of Structural Reforms, Invited talk at the Hellenic Observatory public event on The Economic Challenges for the New Greek Government, London, October 5, 2023.

      Angelos Angelopoulos

      • A Consolidation of the Neoclassical Macroeconomic Competitive General Equilibrium Theory via Keynesianism, University of Crete, Department of Economics,Rethymno, September 2023.
      • A Consolidation of the Neoclassical Macroeconomic Competitive General Equilibrium Theory via Keynesianism, University of Ioannina, Department of Economics, Ioannina, March 2023.

      Fabio Antoniou

      • Seminar at Roma III University.

      Stylianos Arvanitis

      • University of Ioannina, Department of Economics, May 2023.

      Yiannis Dendramis

      • Conference on: Interventions to address the economic and social consequences of the COVID-19 pandemic, AUEB, Athens, Greece, Paper presentation: Time Varying Three Pass Regression Filter.

      Konstantinos Gravas

      • Speech, by invitation, at the "International Risk Management Conference" organized by Deutsche Telekom’s Risk Management team. Title of the speech: "From the Euro Crisis to the ‘Polycrisis’ — Lessons for (and from) Greece".

      Ioannis Kospentaris

      • University of Cyprus.
      • University of Mannheim.

      Efthymia Kyriakopoulou

      • The Swedish National Road and Transport Research Institute, Stockholm.
      • Seminar Series, Jönköping International Business School, Sweden.
      • Urban Lab Seminars, Uppsala University, Sweden.

      Plutarchos Sakellaris

      •  Cyprus University of Technology.

      Vassilis Sarantides

      • Historical pathogen prevalence and the radius of trust, Prague University of Economics and Business, November 2023, Prague, Czech Republic.
      Refereed Publications of PhDs, PhD Candidates, Postdoctoral Researchers

      Stelios Giannoulakis

      • “The Effectiveness of Borrower-based Macroprudential Policies: a Cross-country Analysis using an Integrated Micro-Macro Simulation Model” (with M. Forletta, M. Gross, and E. Tereanu), European Central Bank Working Paper Series, 2023, No. 2795-2023.
      • “Unanticipated Inflation, Unemployment Persistence and the New Keynesian Phillips Curve” (with G. Alogoskoufis), Athens University of Economics and Business Working Paper Series, 2023, No. 11-2023 (submitted for publication).

      Konstantinos Giakas

      Dimitris Smyrnakis

      • "Predicting Future Exchange Rate Changes Based on Interest Rates and Holding-Period Returns Differentials Net of Risk Premium Effects" (with Elias, N. and Tzavalis, E.), 2022, International Review of Economics and Finance, 2022,79(C): pp. 694-715.
      • "Can Country-Specific Interest Rate Factors Explain the Forward Premium Anomaly?" (with Argyropoulos, E., Elias, N. and Tzavalis, E.), Journal of Economics and Finance, 2021, 45(2): pp. 252-269.
      Recent Conference Presentations

      George Alogoskoufis

      Angelos Angelopoulos

      • A Consolidation of the Neoclassical Macroeconomic Competitive General Equilibrium Theory via Keynesianism, SAET (Society of Advancemnet of Economic Theory), Paris, July 2023.

      Fabio Antoniou

      • 21st Conference on Research on Economic Theory and Econometrics, Tinos July 10-14, 2023.

      Stylianos Arvanitis

      • CFE 2023

      Yiannis Dendramis

      • International Association for Applied Economectrics, 2023, Oslo Norway. Paper presentation: Time Varying Three Pass Regression Filter.

      Konstantinos Giakas

      • A DSGE Model for the European Unemployment Persistence, 7th International Conference on Applied Theory, Macro and Empirical Finance (AMEF), 10-11 April 2023, Thessaloniki, Greece.

      Stelios Giannoulakis

      • 5th ECB-IMF Macroprudential Policy and Research Conference, European Cen- tral Bank and International Monetary Fund, 17-18 October 2023 (Frankfurt am Main, Germany).
      •  21st International Conference of Labour Statisticians: the Centenary, 11-20 Oc- tober 2023 (Geneva, Switzerland).
      •  21st Conference on Research on Economic Theory and Econometrics (CRETE), Greece, 10-14 July 2023 (Naxos, Greece).

      Konstantinos Gravas

      • From the Euro Crisis to the ‘Polycrisis’ - Lessons for (and from) Greece, International Risk Management Conference organized by Deutsche Telekom’s Risk Management team. 

      Ioannis Katselidis

      • "Joan Robinson on Economic Philosophy and Methodology", 23rd Conference of Greek Historians of Economic Thought,  University of Thessaly, Department of Economics, June 16-17, 2023.

      Efthymia Kyriakopoulou

      • 2nd Athens Winter Econ Meeting, AUEB.

      Ioannis Kospentaris

      • Barcelona Summer Forum, CRETE, 2nd Athens Winter Econ Meeting.

      Plutarchos Sakellaris

      • Delphi Economic Forum, April 10-13, 2024

      Vassilis Sarantides

      • "Votes for women" on the edge of urbanization, 7th International Conference on The Political Economy of Democracy and Dictatorship, February 2024, Muenster, Germany.

      Petros Varthalitis

      • 17th annual Dynare conference, 19th-20th October 2023, Central Bank of Malta, Malta.
      • 20th Conference on Research on Economic Theory and Econometrics (CRETE), Tinos, Greece.
      Research Seminars

      This weekly seminar series is organized jointly by the Department of International and European Economic Studies and the Department of Economics of the Athens University of Economics and Business (AUEB).

      Seminars are held on Thursdays, 3:30-4:45 pm in room A36, 3rd floor, Antoniadou Building, Patission 76 (unless otherwise noted).

      Papers and Research Seminars Announcements are posted at

      Recent Working Papers

      The Working Papers in this series circulate mainly for early presentation and discussion, as well as for the information of the Academic Community and all interested in our current research activity.

      Working Papers are posted at

      Editor: Evangelos Vassilatos
      Associate Editor: Vassilis Sarantides
      Prepared by: Fani Zervopoulou