Marika Karanassou

Research Fellow

Queen Mary, University of London

m.karanassou@qmul.ac.uk

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Research Interests

Marika Karanassou is a reader in Economics at Queen Mary University of London. She has published, among others, in the Cambridge Journal of Economics, Economic Journal, European Economic Review, and the Journal of Economic Surveys.

The analysis of dynamic macro-labour models with spillover effects and the evaluation of the inflation-unemployment tradeoff are the focal points of her research. The theoretical and empirical models of her work challenge the macroeconomic consensus on two major fronts: (i) the interplay of frictions and growth in labour market models questions the prevailing wisdom of the natural rate of unemployment, and (ii) the existence of a downward-sloping Phillips curve points against the classical dichotomy doctrine.

In parallel, an assessment of the market economy and the current crisis is put forward in
our thesis of "Warrant Economics, Call-Put Policy Options and the Fallacies of Economic
Theory". It is explained how Call-Put policy options unwind to a double-sided options trade:
a 'heads-I-win, tails-you-loose' corporatist strategy.

Marika Karanassou joined IZA as a Research Fellow in September 2000.

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IZA Publications

IZA Discussion Paper No. 10978

Should the Rich Be Taxed More? The Fiscal Inequality Coefficient

John Hatgioannides, Marika Karanassou, Hector Sala

published in: Journal of Economic Issues, 2019, 53 (3), 881-889.

IZA Discussion Paper No. 7244

Distributional Consequences of Capital Accumulation, Globalisation and Financialisation in the US

Marika Karanassou, Hector Sala

published in: Economic and Social Review, 2020, 51 (2), 275-303.

IZA Discussion Paper No. 6251

Warrant Economics, Call-Put Policy Options and the Fallacies of Economic Theory

John Hatgioannides, Marika Karanassou

IZA Discussion Paper No. 5838

The NRU and the Evolution of Regional Disparities in Spanish Unemployment

Roberto Bande, Marika Karanassou

published in: Urban Studies, 2013, 50 (10), 2044–2062

IZA Discussion Paper No. 5796

Inequality and Employment Sensitivities to the Falling Labour Share

Marika Karanassou, Hector Sala

published in: Economic and Social Review, 2012, 43 (3), 343-376

IZA Discussion Paper No. 5092

The Wage-Productivity Gap Revisited: Is the Labour Share Neutral to Employment?

Marika Karanassou, Hector Sala

published as 'The Role of the Wage-Productivity Gap in Economic Activity' in: International Review of Applied Economics, 2014, 28 (4), 436-459

IZA Discussion Paper No. 5012

Spanish Regional Unemployment Revisited: The Role of Capital Accumulation

Roberto Bande, Marika Karanassou

published in: Regional Studies, 2014, 48 (11), 1863 - 1883

IZA Discussion Paper No. 4299

Productivity Growth and the Phillips Curve: A Reassessment of the US Experience

Marika Karanassou, Hector Sala

published in: Bulletin of Economic Research, 2012, 64 (3), 344–366

IZA Discussion Paper No. 4252

The US Inflation-Unemployment Tradeoff: Methodological Issues and Further Evidence

Marika Karanassou, Hector Sala

published as 'The US Inflation-Unemployment Trade-off Revisited: New Evidence for Policy Making' in: Journal of Policy Modeling, 2010, 32 (6), 758-777

IZA Discussion Paper No. 3924

Labour Market Dynamics in Australia: What Drives Unemployment?

Marika Karanassou, Hector Sala

published in: Economic Record, 2010, 86 (273), 185-209

IZA Discussion Paper No. 3712

The Rise and Fall of Spanish Unemployment: A Chain Reaction Theory Perspective

Marika Karanassou, Hector Sala

published in: Philip Arestis and Malcolm Sawyer (eds.), International Papers in Political Economy, Palgrave-Macmillan, 2009

IZA Discussion Paper No. 3066

Capital Accumulation and Unemployment: New Insights on the Nordic Experience

Marika Karanassou, Hector Sala, Pablo F. Salvador

published in: Cambridge Journal of Economics, 2008, 32 (6), 977-1001