Omiros Pissarides

Banks play a key role and are inextricably linked to the outlook of the economy, mainly through supporting growth by providing financing to businesses and individuals. However, as demonstrated during ...

The award of this year’s Nobel Prize in economics to Acemoglu, Johnson and Robinson highlights a fundamental aspect of the global economy, notably inequality between countries. The three scientists ...

Cyprus’ credit rating was recently upgraded from Baa2 to A3 by Moody’s. The double upgrade reflects, firstly, the improvement in the country’s fiscal indicators. Public debt has fallen ...

The election, for the second time, of Donald Trump in the US signals important geopolitical changes and is expected to impact the global economy decisively. Currently, the US economy presents ...

A large number of countries are facing increasing problems with pension sustainability and adequacy. To address this challenge, some European countries have adopted a three-pillar framework, which is based on: ...

In a previous article, we referred to the economic challenges faced by the EU. Some analysts and reputable media express the view that Germany is currently the “sick man of ...

At present, global interest appears to be focused on geopolitical tensions in Ukraine and the Middle East and the evolution of interest rates in the US and eurozone, as well ...

The EU is currently undergoing a critical period, mainly due to economic stagnation, lagging behind the US and China in the field of technology and insufficient progress in the battle ...

Although Serbs have existed as a distinct ethnicity for centuries, contemporary Serbia is the result of the breakup of socialist Yugoslavia and subsequent wars. Yugoslavia was formed after the end ...

The role of the state in the field of investments is becoming increasingly important, as, over the coming decades, additional funds will be required for the purposes of: (a) tackling ...

Economic theory has its roots in antiquity. As early as the 18th century BC, the Babylonian King Hammurabi’s Code includes references to property rights, contracts, credit and economic justice. ...

In recent years, the Indian economy has been growing rapidly, while also gaining ground amid rising tensions between China and the US, as well as the EU. The underlying circumstances ...

The evaluations of international organisations, most recently the International Monetary Fund (IMF) and Fitch rating agency, confirm the satisfactory performance of the Cypriot economy. The growth rate reached 2.5 per cent ...

By Andreas Charalambous and Omiros Pissarides The US and the EU face common challenges, including escalating geopolitical turmoil, climate change, digital transition and taming inflation, while, at the same time, ...

Following successive interest rate hikes and the policy of gradual quantitative easing in the developed economies over the last two years, emerging macroeconomic conditions appear to be conducive for a ...

By Andreas Charalambous and Omiros Pissarides The EU has evolved relatively slowly and gradually over time, from a trade agreement between a small number of states in the 1950s, to ...

Egypt has traditionally attracted significant interest, due to its distinctive historical and cultural weight, the sheer size of the country’s area and population, its geopolitical location and its control ...

The main challenges currently facing the EU are sluggish growth, low levels of investment, slow adaptation of technology, tight labour markets, as well as over-reliance on conventional forms of energy ...

In recent decades, a number of factors have contributed to a containment in defence spending, including: (a) the end of the cold war which, unlike prior conflicts, was accomplished peacefully, (...

By Andreas Charalambous and Omiros Pissarides In recent decades, a number of factors have contributed to a containment in defence spending, including: (a) the end of the cold war which, ...

By Andreas Charalambous and Omiros Pissarides Cyprus’ performance in public finances is considered satisfactory, as reflected, among others, in the favourable evaluations of international organizations and rating agencies. As a ...

By Andreas Charalambous and Omiros Pissarides In most developed societies, we observe the establishment of institutions that aim at the wider social benefit, through the technocratic assessment of fiscal policies. ...

By Andreas Charalambous and Omiros Pissarides The calendar marked December 10, 2023 when, having just won the election based on an extreme “liberal” agenda, the economist Javier Milei entered the office of ...

By Andreas Charalambous and Omiros Pissarides In recent years, India has experienced strong economic growth. In 2023, its GDP grew by about 6.5 per cent and a similar performance is expected in 2024. ...