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Marika Karanassou

Dr Marika Karanassou

Location: CB304

Research keywords:

  • Macroeconomics
  • Political Economy
  • Econometrics and Quantitative Methods

Marika Karanassou is a Reader in Economics at Queen Mary University of London, specialising in macroeconomic analysis.

Her research focuses on dynamic macro-labour models with spill over effects, the evaluation of the inflation-unemployment trade off, and the identification of the factors which jointly drive these central macro variables. The theoretical and empirical models of her work draw a new line of research and her results challenge the macroeconomic consensus on two major fronts: (i) the interplay of dynamics 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.

She also writes about the current state of the crisis-prone market economy in "Warrant Economics, Call-Put Policy Options and the Fallacies of Economic Theory". She further examines the Eurozone’s malaise under the institutional Call-Put Options prism.

Marika is a Research Fellow at IZA, Bonn, and a member of the Higher Education Academy. She received her PhD in economics from Birkbeck College, University of London, and her BSc from the Athens University of Economics and Business.


“Warrant Economics, Call-Put Policy Options and the Great Recession”, with J. Hatgioannides, Review of Political Economy, 2014, forthcoming.

"Spanish Regional Unemployment Revisited: The Role of Capital Accumulation", with R. Bande, Regional Studies, 2013, DOI: 10.1080/00343404.2013.779657

"Inequalities and Employment Sensitivities to the Falling Labour Share", with H. Sala, The Economic and Social Review, 2012, 43, 343-376.

"Phillips Curves and Unemployment Dynamics: A Critique and a Holistic Perspective", with H. Sala and D. J. Snower, Journal of Economic Surveys, 2010, 24, 1-51.

"Capital Accumulation and Unemployment: New Insights on the Nordic Experience", with H.Sala and P. F. Salvador, Cambridge Journal of Economics, 2008, 32, 977-1001.

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