Past Issues

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Volume 13 | Number 2 | December 2019

The social protection system in Cyprus: Recent initiatives and labour market implications
Louis N. Christofides and Christos Koutsampelas

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Greek Abstract

The impact of foreign demand on Cyprus house prices
Nektarios A. Michail and George Thucydides

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Full Article
Greek Abstract

The Impact of the Minimum Wage on Wages and Work in Cyprus
Pandelis Mitsis

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Greek Abstract

The issue of fixed book pricing: Evidence based on the Greek experience
Alexandra Kontolaimou, Prodromos-Ioannis Prodromidis and Ioanna Konstantakopoulou

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Greek Abstract

Volume 13 | Number 1 | June 2019

Special issue in memory of Professor Panos Pashardes (1949 - 2017)
Cyprus Economic Policy Review Editor (2007 - 2016)

Full Article

Volume 12 | Number 2 |December 2018

Financial knowledge among university students and implications for personal debt and fraudulent investments
Panayiotis C. Andreou and Dennis Philip

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Greek Abstract

Forecasting economic activity in sectors of the Cypriot economy
Nicoletta Pashourtidou, Christos Papamichael and Charalampos Karagiannakis

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Greek Abstract

Does Housing Wealth Affect Consumption? The Case of Cyprus
Nektarios A. Michail and George Thucydides

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Greek Abstract

Factors Affecting Housing Prices: International Evidence
Christos S. Savva

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Greek Abstract

Volume 12 | Number 1 |June 2018

Does Balance Sheet Strength Drive the Investment Cycle? Evidence from Pre - and Post Crisis Cyprus
Sophia Chen Yinqiu Lu

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Greek Abstract

Sectoral linkages and economic crisis: An input-output analysis of the Cypriot economy
Elias Giannakis and Theofanis P. Mamuneas

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Greek Abstract

Non-standard employment in Cyprus: Trends and policy responses
Christos Koutsampelas

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Greek Abstract

Scoring rules for simple forecasting models: The case of Cyprus GDP and its sectors
Elena Andreou and Andros Kourtellos

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Volume 11 | Number 2 |December 2017

Factors affecting the productivity of European Economies

Elena Ketteni, Theofanis Mamuneas and Panos Pashardes

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Full Article
Greek Abstract

Growth after Crisis in Europe
An Interdependence of Macroeconomic and Structural Policies
Roumeen Islam

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Greek Abstract

Wage Dynamics Network: SME Credit Constraints in Cyprus During the Period 2010-2013 and Effects on Employment, Wages and Prices
Charalambos P. Charalambous and Marios C. Polemidiotis

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Greek Abstract

In-Depth Assessment of the Energy Efficiency Potential in Cyprus
Theodoros Zachariadis, Apostolos Michopoulos, Yannis Vougiouklakis, Benjamin Struss, Katerina Piripitsi and Christodoulos Ellinopoulos

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Volume 11 \| Number 1 \|June 2017
Brexit: Implications for Europe Christopher Pissarides	Abstract Full Article Greek Abstract
Low Socioeconomic Status Students in Higher Education: Entry, Academic Attainment and Earnings Expectations Maria Eliophotou and Nicoletta Pashourtidou	Abstract Full Article Greek Abstract
Preferences for Redistribution in Cyprus Andros Kourtellos and Kyriakos Petrou	Abstract Full Article Greek Abstract
Modelling house price volatility states in Cyprus with switching ARCH models Christos S. Savva and Nektarios A. Michail	Abstract Full Article Greek Abstract
Volume 10 \| Number 2 \|December 2016
A Decade Long Economic Crisis: Cyprus versus Greece Gikas A. Hardouvelis and Ioannis Gkionis	Abstract Full Article Greek Abstract
Fiscal Federalism: Public Goods, Transfers, and Common Pools Jurgen von Hagen	Abstract Full Article Greek Abstract
The Role of Survey Data in the Construction of Short-term GDP Growth Forecasts Christos Papamichael and Nicoletta Pashourtidou	Abstract Full Article Greek Abstract
Integrating and Assessing Economic Evidence under Cyprus Competition Law: Case Comment on the Cyprus Commission for the Protection of Competition Decision No. 42/2014 Stephanie Theodotou and Sofronis Clerides	Abstract Full Article Greek Abstract
Proposal for a Green Tax Reform in Cyprus Theodoros Zachariadis	Abstract Full Article Greek Abstract

Volume 10 \| Number 1 \|June 2016
The Cypriot GMI Scheme and Comparisons with other European Countries Christos Koutsampelas	Abstract Full Article Greek Abstract
Recent trends in the Cypriot Electronic Communications Sector Sofronis Clerides and Charalampos Karagiannakis	Abstract Full Article Greek Abstract
Comparisons of Productivity among European Sectors and Cyprus: The Case of Tourism Sector Theofanis Mamuneas and Elena Ketteni	Abstract Full Article Greek Abstract
Estimates of Public, Housing and Other Private Sectors Net Capital Stocks for the Cyprus Economy: 1995Q1-2015Q4 Nektarios A. Michail and Marios C. Polemidiotis	Abstract Full Article Greek Abstract Data Appendix
The Output Gap in Cyprus and EU-28 Alexandros Polycarpou	Abstract Full Article Greek Abstract

Volume 9 \| Number 2 \| December 2015
How Can Cyprus Meet Its Energy and Climate Policy Commitments? The Importance of a Carbon Tax Theodoros Zachariadis	Abstract Full Article Greek Abstract
The Cyprus Adjustment Programme - Necessity or Wrong Medicine Andreas Charalambous	Abstract Full Article Greek Abstract
What Policy Innovation for Youth in the Era Prolonged Austerity? The Case of Greece Maria Petmesidou and Periklis Polyzoidis	Abstract Full Article Greek Abstract
House Price Dynamics and the Reaction to Macroeconomic Changes: The Case of Cyprus Christos S. Savva	Abstract Full Article Greek Abstract

Volume 9 \| Number 1 \| June 2015
Macroeconomic Influences on Cyprus House Prices: 2006Q1-2014Q2 Petros Sivitanides	Abstract Full Article Greek Abstract
Multilateral Comparisons of Productivity among European Countries Theofanis Mamuneas and Elena Ketteni	Abstract Full Article Greek Abstract
Credit Risk Measurement in Financial Institutions: Going Beyond Regulatory Compliance Marios N. Kyriacou	Abstract Full Article Greek Abstract
The State and the Future of Cyprus Macroeconomic Forecasting Elena Andreou and Andros Kourtellos	Abstract Full Article Greek Abstract

Volume 8 \| Number 2 \| December 2014
The Collapse of the Cypriot Banking System: A Bird's Eye View Sofronis Clerides	Abstract Full Article Greek Abstract
Testing the Waters for GeSY: Patients' Opinion of Cost-sharing Arrangements in the Public Health Care System in Cyprus Mamas Theodorou	Abstract Full Article Greek Abstract
Law-of-One-Price Deviations Before and After the Euro: The Case of Cyprus Marina Glushenkova and Marios Zachariadis	Abstract Full Article Greek Abstract
Uncertainty Shocks in Eurozone Periphery Countries and Germany Panagiotis E. Petrakis, Dionysis G. Valsamis and Pantelis C. Kostis	Abstract Full Article Greek Abstract

*Environmental Tax Reform at Times of Economic Crisis*
Environmental Fiscal Reforms in Europe and their Prospects for Cyprus - Some Introductory Remarks Theodoros Zachariadis	Full Article Greek Abstract
Environmental Taxation Within the European Union Manfred Rosenstock	Abstract Full Article
How an Environmental Fiscal Reform Can Contribute to a Green Economy with Jobs, Welfare and a Clean Environment? Policy Lessons Kai Schlegelmilch	Abstract Full Article
Ireland's Carbon Tax in the Context of the Fiscal Crisis Frank Convery, Louise Dunne and Deirdre Joyce	Abstract Full Article

Volume 8 \| Number 1 \| June 2014
Governance, Growth and the Recent Economic Crisis: The Case of Greece and Cyprus Vassilis T. Rapanos and Georgia Kaplanoglou	Abstract Full Article Greek Abstract
The Effect of Energy Efficiency Policies on the Medium-Term Energy Outlook of Cyprus Theodoros Zachariadis	Abstract Full Article Greek Abstract
Public vs Private: Electricity and Telecommunications in Europe Charalampos Karagiannakis, Elena Ketteni, Theofanis P. Mamuneas and Panos Pashardes	Abstract Full Article Greek Abstract
(When) Does Austerity Work? On the Conditional Link between Fiscal Austerity and Debt Sustainability Vassilis Monastiriotis	Abstract Full Article Greek Abstract
The Effects of Fiscal Consolidation on Macroeconomic Indicators in Cyprus Nicoletta Pashourtidou, Christos S. Savva and Nicolas Syrichas	Abstract Full Article Greek Abstract

Volume 7 \| Number 2 \| December 2013
Output Loss from the Banking Crisis in Cyprus Panos Pashardes and Nicoletta Pashourtidou	Abstract Full Article
The Slow Growth and Sudden Demise of Supplementary Pension Provision in Cyprus Bernard H Casey and Panayiotis Yiallouros	Abstract Full Article
Greece in Recession: Economic Predictions, Mispredictions, Forecast Suggestions and Policy Recommendations Athanasios Petralias, Sotirios Petros and Prodromos Prodromidis	Abstract Full Article
Productivity in Cyprus Charalampos Karagiannakis, Elena Ketteni and Theofanis Mamuneas	Abstract Full Article

Volume 7 \| Number 1 \| June 2013
The Cyprus Debt: Perfect Crisis and a Way Forward Stavros A. Zenios	Abstract Full Article
The Distributional Consequences of the Cypriot Crisis Christos Koutsampelas and Alexandros Polycarpou	Abstract Full Article
ICT and Energy Use: Patterns of Substitutability and Complementarity in Production Elena Ketteni, Theofanis Mamuneas and Panos Pashardes	Abstract Full Article
Tax Reform in the Cypriot Road Transport Sector Adamos Adamou and Sofronis Clerides	Abstract Full Article

Volume 6 \| Number 2 \| December 2012
Public Statements on Sovereign Yield Spreads: the Greek Case Panagiotis Petrakis, Emmanuel Papadakis and Nikoleta Daniilopoulou	Abstract Full Article
Analysis of Household Expenditure on Education in Cyprus Sofia N. Andreou	Abstract Full Article
Second Annual Symposium on the Cypriot Economy
Banking Crisis in Cyprus and in the Eurozone Alexander Michaelides	Abstract Full Article
The Cypriot Pension System: Adequacy and Sustainability Philippos Mannaris	Abstract Full Article
Cypriot Mortality and Pension Benefits Andreas Milidonis	Abstract Full Article
Growth Accounting: A European Comparison Theofanis Mamuneas and Elena Ketteni	Abstract Full Article
Competition, Productivity and Competitiveness: Theory, Evidence, and an Agenda for Cyprus Sofronis Clerides	Abstract Full Article

Volume 6 \| Number 1 \| June 2012
Emissions-Based Vehicle Tax Reform for Cyprus: A Simulation Analysis Tryfonas Christodoulou, Sofronis Clerides	Abstract Full Article
Climate Change in Cyprus: Impacts and Adaptation Policies Theodoros Zachariadis	Abstract Full Article
Banks' Domestic & Cross-border M&As: Where Can They Go Wrong? George Mountis	Abstract Full Article
Aspects of Elderly Poverty in Cyprus Christos Koutsampelas	Abstract Full Article

Volume 5 \| Number 2 \| December 2011
The Cypriot Pension System: Issues and Reform Options Alejandro Sergio Simone	Abstract Full Article
Social Transfers and Income Distribution in Cyprus Christos Koutsampelas	Abstract Full Article
The Borrowing Behaviour of Households: Evidence from the Cyprus Family Expenditure Surveys Sofia N. Andreou	Abstract Full Article
Special Section: A First Annual Symposium on the Cypriot Economy
Introductory Remarks to First Annual Symposium on the Cypriot Economy Alexander Michaelides	Full Article
The Cyprus Economy: Reform or Shrink Panos Pashardes	Abstract Full Article
Discussion on "The Cyprus Economy: Reform or Shrink" Symeon Matsis	Full Article
The Labour Market in Cyprus: Is it as Flexible as we Claim? Louis N. Christofides	Full Article
Discussion on "The Labour Market in Cyprus: Is it as Flexible as we Claim?" Andreas Pavlikas	Full Article
The Banking System in Cyprus: Time to Rethink the Business Model?Constantinos Stephanou	Full Article
Discussion on "The Banking System in Cyprus: Time to Rethink the Business Model?" Marios Clerides	Full Article

Volume 5 \| Number 1 \| June 2011
Big Banks in Small Countries: The Case of Cyprus Constantinos Stephanou	Abstract Full Article
Poverty and Labour Market Participation of Public Assistance Recipients in Cyprus Panos Pashardes and Alexandros Polycarpou	Abstract Full Article
The Resource Curse and Fiscal Policy Leonor Countinho	Abstract Full Article
An Analysis of Firms' Expectations about Activity and Employment Nicoletta Pashourtidou and Andreas Tsiaklis	Abstract Full Article

Volume 4 \| Number 2 \| December 2010
Cyprus External Competitiveness Assessment Valentina Flamini	Abstract Full Article
Evaluation of Cyprus´ Electricity Generation Planning Using Mean-Variance Portfolio Theory Neoklis Rodoulis	Abstract Full Article
Structural Weaknesses in the Economy of Cyprus: How Do We Score Relative to the EU15? Louis N. Christofides and Maria Michael	Abstract Full Article
Economic Effects of Climate Change on Scarcity Costs and Residential Water Prices in Cyprus Theodoros Zachariadis	Abstract Full Article

Volume 4 \| Number 1 \| June 2010
Cost and Value of Health Care in Cyprus Maria Andreou, Panos Pashardes and Nicoletta Pashourtidou	Abstract Full Article
Retail Fuel Price Response to Oil Price Shocks in EU Countries Sofronis Clerides	Abstract Full Article
Business and Consumer Surveys in Cyprus Nicoletta Pashourtidou and Andreas Tsiaklis	Abstract Full Article
Immigration in Cyprus: An Analysis of the Determinants Panayiotis Gregoriou, Zenon Kontolemis and Maria Matsi	Abstract Full Article
Short Contributions - Comments Crisis, Threats and Ways Out for the Greek Economy Nicos Christodoulakis	Abstract Full Article

Volume 3 \| Number 2 \| December 2009
Tourism, Development and Growth: International Evidence and Lessons for Cyprus Adamos Adamou and Sofronis Clerides	Abstract Full Article
Unemployment in Cyprus: Comparison between Two Alternative measurement Methods George Kyriacou, Marios Louca and Michalis Ktoris	Abstract Full Article
Income Inequality, Poverty and the Impact of the Pension Reform Maria Andreou and Panos Pashardes	Abstract Full Article
Determining the Labour-Market Areas of Cyprus from the 2001 Commuting Flows Pródromos-Ioánnis K. Prodromídis	Abstract Full Article
Recent Policy Challenges through the Lens of Economic Forecasts Athanasios Orphanides	Abstract Full Article

Volume 3 \| Number 1 \| June 2009
Factors Affecting House Prices in Cyprus: 1988-2008 Panos Pashardes and Christos S. Savva	Abstract Full Article
The Financial Crisis and the Banking System in Cyprus Marios Clerides and Constantinos Stephanou	Abstract Full Article
The Impact of Immigration on Unemployment, Labour Force Participation and Part-time Employment in Cyprus Louis N. Christofides, Sofronis Clerides, Costas Hadjiyiannis, Michael S. Michael and Marios Stephanides	Abstract Full Article
The Composition of Government Revenues in Cyprus, 2002 - 2008 Polyvios S. Eliofotou	Abstract Full Article
Irrigration Water Pricing in Southern Europe and Cyprus: The effects of the EU Common Agricultural Policy and the Water Framework Directive Christos Zoumides and Theodoros Zachariadis	Abstract Full Article
Central Bank Independence and Economic Performance Athanasios Anastasiou	Abstract Full Article

Volume 2 \| Number 2 \| December 2008
Improving the Investment Performance of Public Pension Funds: Lessons for the Social Insurance Fund of Cyprus from the Experience of Four OECD Countries Gregorio Impavido, Ronan O´Connor and Dimitri Vittas	Abstract Full Article
Income Tax Evasion, Inequality and Poverty Panos Pashardes and Alexandros Polycarpou	Abstract Full Article
Road to Nowhere: An Assessment of Social Costs from the Use of Cars in Cypriot Cities Theodoros Zachariadi	Abstract Full Article
Monetary Policy Strategy and the Euro: Lessons from Cyprus George Syrichas	Abstract Full Article
Immigration and Wage Flexibility in Cyprus and the Adjustment in EMU Polyvios S. Eliofotou	Abstract Full Article

Volume 2 \| Number 1 \| June 2008
The Labour Market and the Euro Christopher A. Pissarides	Abstract Full Article
Financial Markets in the Euro Area: Realising the Full Benefits of Integration Klaus Regling and Max Watson	Abstract Full Article
Cyprus: An Optimum Optimorum? Michael Artis	Abstract Full Article
Spain and Portugal in the Euro Area: Lessons for Cyprus Carlos Martinez-Mongay	Abstract Full Article
Can Cyprus Cope Inside the EMU? Panikos Constantinou, Andreas Charalambous and Les Manison	Abstract Full Article

Volume 1 \| Number 2 \| December 2007
Why Child Poverty in Cyprus is so Low Panos Pashardes	Abstract Full Article
The Efficiency of Cypriot Commercial Banks: A Comparison with Greece and the UK Christos S. Savva	Abstract Full Article
The Impact of Foreign Workers on the Labour Market of Cyprus Louis N. Christofides, Sofronis Clerides, Costas Hadjiyiannis and Michael S. Michael	Abstract Full Article
Tourism in Cyprus: Recent Trends and Lessons from the Tourist Satisfaction Survey Sofronis Clerides and Nicoletta Pashourtidou	Abstract Full Article

Volume 1 \| Number 1 \| June 2007
Addressing the Macroeconomic Consequences of Aging in Cyprus: The Case for Pension Reform Alexander W. Hoffmaister, Mario Catalán and Jaime Guajardo	Abstract Full Article
Energy Policy in Cyprus: Outlook and ajor Challenges Theodoros Zachariades	Abstract Full Article
Public Debt Management and Debt Market Development in Cyprus: Evolution, Current Challenges and Policy Options Constantinos Stephanou and Dimitri Vittas	Abstract Full Article
Income Inequality in Cyprus Soteroula Hajispyrou and Nadia Nicolaidou	Abstract Full Article