Omiros Pissarides

The relationship between wage levels in the broader public sector and economic growth is of particular interest. Academic literature confirms the view that comparatively low wages increase the risk of ...

Citizens’ lack of trust in public institutions is increasing, especially in developed economies, including Cyprus.  The quality of institutions is a key determinant of prosperity, as highlighted, among others, by ...

After a year of intense volatility, the world economy enters 2026 with a complex mix of challenges and opportunities. Most economists expect that growth will remain moderate by historical standards, around 2.4 ...

The United Nations climate change conference, known as COP30, recently held in Brazil, was a landmark one. It was the tenth since the Paris Conference, in which a binding agreement ...

The regulation of digital assets has become a global priority, as governments and supervisory authorities attempt to balance innovation in payments and blockchain applications with the need to safeguard financial ...

Fighting bureaucracy, as a prerequisite for enhancing economic growth, is among the top priorities of many countries. In the US and Argentina, the approach is radical, characterised by large-scale horizontal ...

Following the global financial crisis of 2008, several European countries – Portugal, Italy, Ireland, Greece and Spain – faced high public debt, weak economic growth and fragile banking sectors. These vulnerabilities led to ...

During the week of October 13-19, the annual meetings of the International Monetary Fund (IMF) and the World Bank took place, with discussions primarily focused on long-term global economic challenges ...

Foreign direct investment (FDI) is a key driver of economic growth, technological advancement, productivity increase and international competitiveness. For small countries like Cyprus, it offers essential capital, specialised knowledge and ...

Currently, a controversial discussion is taking place concerning the EU budgetary framework for the period 2028-2034. This topic will certainly be a key priority in the coming months, which coincide ...

Efforts to broker peace between Russia and Ukraine have so far been unsuccessful, but if there were an end to the war, what would that look like for Ukraine? It ...

In a recent article, we discussed the short-term effects of President Trump’s economic policies on global equity and bond markets. Today, we will try to analyse the long-term effects, ...

In modern economies, which are characterised by complexity and continuous change, information plays a vital role in resource allocation and price developments. Analysts and professionals base their perceptions and actions ...

The EU is currently facing adverse shocks that reflect inherent weaknesses, including: (a) the difficulty in building consensus and promoting unified positions, (b) an over-dependence on the US, especially on ...

President Trump’s announcement in April of sweeping tariffs – starting at a base rate of 10 per cent for all countries and escalating for China and specific product categories – triggered immediate ...

The availability of data regarding the performance of the Turkish Cypriot economy is limited. However, should efforts to resolve the Cyprus problem intensify, the economic dimension will prove to be ...

Gold has taken centre stage in recent economic developments, as its value has risen steeply. Since the beginning of 2024, gold prices have increased by more than 60 per cent, reflecting the ...

The agreement on the withdrawal of the United Kingdom from the European Union, effective from February 1, 2020, left a strong political and economic imprint on the EU and, an even deeper ...

Although recent global economic developments, including the imposition of trade tariffs and geopolitical uncertainties, are not expected to have significant immediate impact on the Cypriot economy, they nevertheless pose risks ...

The Trump administration’s trade policies continue to monopolise attention. The implications are multidimensional. Among other things, they affect the course of the dollar, as well as the exchange rates ...

Culture is a crucial, but underestimated, factor in socio-economic progress. It influences the perceptions of national authorities and citizens and defines their approach to addressing challenges and interactions with the ...

ALTHOUGH the adoption of an aggressive policy of imposing high tariffs by the United States featured prominently in President Trump’s campaign agenda, the scope of the actual measures has ...

The ongoing discussion on the unfreezing of first-time appointments in the public sector, including local authorities, is crucial, taking into account the size of the public payroll and its broader ...

Most assessments of the developments and prospects of the EU are unfortunately negative. The EU is increasingly criticised for its inflexible policy decision making framework, excessive bureaucracy, inability to play ...