Professur für Makroökonomik und Finanzmärkte
 
 

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Research: Downloadable Papers


This page lists working or published papers (in working paper format) that can be downloaded as pdf files. You will need Acrobat software to open and print these files.

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"Household Debt and Social Interactions"
Dimitris Georgarakos, Michael Haliassos and Giacomo Pasini
Working Paper, March 2012 version

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"Differences in Portfolios Across Countries: Economic Environment or Household Characteristics?"
Dimitris Christelis, Dimitris Georgarakos, and Michael Haliassos
Forthcoming in The Review of Economics and Statistics

November 2011 final version. (Previous title: Economic Integration and Mature Portfolios)

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"Financial Advisors: A Case of Babysitters?"
Andreas Hackethal, Michael Haliassos, and Tullio Jappelli
Published in Journal of Banking and Finance, 36(2), 2012, Pages 509-24.

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"Trust, Sociability, and Stock Market Participation"
Dimitris Georgarakos and Giacomo Pasini
Published in Review of Finance, 15(4), 2011, pp. 693-725.

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"Stockholding: Participation, Location, and Spillovers"
Dimitris Christelis, Dimitris Georgarakos, and Michael Haliassos
Published in Journal of Banking and Finance, 35, 2011, pp. 1918–30.

 
 

"Portfolio Inertia and Stock Market Fluctuations"
Yannis Bilias, Dimitris Georgarakos, and Michael Haliassos
Published in Journal of Money, Credit and Banking, 42(4), 2010, pp. 715-42.

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"Credit Card Debt Puzzles and Debt Revolvers for Self-Control"
Carol C. Bertaut, Michael Haliassos, and Michael Reiter
Published in Review of Finance, 13(4), 2009, pp. 657-92.

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"Equity Culture and the Distribution of Wealth"
Yannis Bilias, Dimitris Georgarakos, and Michael Haliassos
Working Paper, October 2009 version

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"Household Portfolios"
Michael Haliassos
Published in The New Palgrave Dictionary of Economics, Eds. Steven N. Durlauf and Lawrence E. Blume, Palgrave Macmillan, 2008, and in The New Palgrave Dictionary of Economics Online, Palgrave Macmillan.

 

"Credit Cards: Facts and Theories"
Carol Bertaut and Michael Haliassos
Published in G. Bertola, R. Disney and C. Grant (Eds.), The Economics of Consumer Credit, MIT Press, 2006, pp. 181-238.

 

"Stockholding in Europe: Where Do We Stand and Where Do We Go?"
Luigi Guiso, Michael Haliassos, and Tullio Jappelli
Published in Economic Policy, April 2003, pp. 117-164

 

"Portfolio Choice and Liquidity Constraints"
Michael Haliassos and Alexander Michaelides
Published in International Economic Review, 44, 2003, pp. 143-78

 

"Stockholding: Recent Lessons from Theory and Computations"
Michael Haliassos
Published in Guiso, L., M. Haliassos, and T. Jappelli (Eds.), Stockholding in Europe, Palgrave Macmillan Publishers, pp. 30-51, 2002

 

"Household Portfolios: An International Comparison"
Luigi Guiso, Michael Haliassos, and Tullio Jappelli
Published in Guiso, L., M. Haliassos, and T. Jappelli (Eds.), Household Portfolios, Cambridge, MA: MIT Press, 2002, pp. 1-24

 

"Calibration and Computation of Household Portfolio Models"
Michael Haliassos and Alexander Michaelides
Published in Guiso, L., M. Haliassos, and T. Jappelli (Eds.), Household Portfolios, Cambridge, MA: MIT Press, 2002, pp. 55-102

 

"Equity Culture and Household Behavior"
Michael Haliassos and Christis Hassapis
Published in Oxford Economic Papers, vol. 54, October 2002, pp. 719-45

 

"Borrowing Constraints, Portfolio Choice, and Precautionary Motives"
Michael Haliassos and Christis Hassapis
Published in Kontoghiorghes, E., B. Rustem and S. Siokos (Eds.), Computational Methods in Decision-making, Economics and Finance (Volume 1: Optimization Models), Kluwer Publishers Applied Optimization Series, vol. 74, 2002, pp. 183-210

 

"Non-expected Utility, Saving, and Portfolios"
Michael Haliassos and Christis Hassapis
Published in The Economic Journal, vol. 110, January 2001, pp. 69-102

 

"Precautionary Portfolio Behavior from a Life-cycle Perspective"
Carol C. Bertaut and Michael Haliassos
Published in Journal of Economic Dynamics and Control, 21, 1997, pp. 1511-42

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"Why Do So Few Hold Stocks?"
Michael Haliassos and Carol C. Bertaut
Published in The Economic Journal, 105, 1995, pp. 1110-29

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"The Macroeconomics of Government Finance"
Michael Haliassos and James Tobin
Published in The Handbook of Monetary Economics, volume 2, 1990, pp. 889-959

 

Policy Pieces

See http://www.greekeconomistsforreform.org

 

 

Technical Reports on the Cyprus Survey of Consumer Finances

Papers on assets and liabilities of Cyprus households, and comparisons across Survey waves.

Link to Papers