Georgios Alogoskoufis
George Alogoskoufis | |
|---|---|
 | |
| Greek Minister of Economy and Finance | |
| Professor of Economics at the Athens University of Economics and Business | |
Georgios Alogoskoufis (Greek: Γιώργος Αλογοσκούφης) (born October 17 1955[1]) is a Greek politician and member of the New Democracy and currently Minister for Economy and Finance.
Background, academic and political career
George Alogoskoufis was born in Athens on October 17, 1955.[1]
He obtained an MSc in Economics in 1978 and a PhD in Economics in 1981 from the London School of Economics. He was a Lecturer and Reader at the University of London (Birkbeck, den se xalase) from 1984 to 1992 and holds an academic position in Economics at the Athens University of Economics and Business as a (Full) Professor.
He was also an Advisor to the European Commission (1989-1990), Advisor to the World Bank (1991-1992) and to other international economic organisations, a Research Fellow at the Centre for Labour Economics at the London School of Economics (1981-82) and at the Centre for Economic Policy Research in London (1985-2001).
His PhD. thesis was awarded the Sayers Prize of the London University for 1981.
Alogoskoufis was first elected to parliament in the 1996 parliamentary election as a State MP; in the 2000 parliamentary election, he was elected as an MP from the Athens A constituency.[1] Following the victory of New Democracy in the 2004 parliamentary election, Alogoskoufis became Minister for Economy and Finance in the government of Prime Minister Kostas Karamanlis on March 10 2004.[2]
He is married with three children.[1]
The economic policy mix applied under the leadership of Alogoskoufis
In the period in which Alogoskoufis served as the minister for Economy and Finance, he actuated a series of economic structural reforms and fiscal adjustment to contain budget deficits, which, although unpopular, have managed to slash Greece's budget deficit to 2.6% of the gross domestic product and safeguard performance of the economy. In the same period of time, Greece's gross domestic product has grown with a 4%, maintaining one of the highest growth rates in the Eurozone. Although unemployment has fallen from 11% to 9% in the period between 2004 and 2007, it remains one of the highest in Europe. [3] [4] [5].
During 2004 – 2007:
-Corporate and personal income taxes were reduced and the tax system was simplified with the tax reform [6].
-Investment and entrepreneurship were given a major boost in all regions of the country with the new Investment Incentives Law and the effective use of EU funds[7].
-The construction of public infrastructure and the provision of qualitative services to citizens were facilitated with the new framework for Public-Private Partnerships [8].
-Greece’s outward looking economy was enhanced with a new integrated exports policy [9].
-The competitiveness of the Greek economy was improved with a series of successful privatizations [10].
Academic work
George Alogoskoufis is the author of four books and has published widely in macroeconomics, international monetary economics, and public economics, published in international academic journals including the American Economic Review, the Journal of Political Economy, the Journal of Monetary Economics, the European Economic Review, Economica, the Journal of the Japanese and International Economies, Economic Journal and the Economic Policy.
His 2002 book, The Drachma: From the Phoenix to the Euro (co-written with S, Lazaretou) has been awarded a prize from the Athens Academy.[citation needed]
He has given invited lectures in universities in Europe, the US and Japan and has presented papers in a number of academic conferences worldwide[11].
List of selected publications
“Unanticipated Money, Output and Prices in Greece”, European Economic Review, 1982.[12] “The Labour Market in an Equilibrium Business Cycle Model”, Journal of Monetary Economics, 1983.[12]
“A Test of Price Sluggishness in the Simple Rational Expectations Model: U.K. 1950-1980”, The Economic Journal, 1983.[12]
“Macroeconomic Policy and Aggregate Fluctuations in a Semi-industrialized Economy: Greece 1951-1980”, European Economic Review, 1985.[12]
“Aggregate Employment and Intertemporal Substitution in the UK”, The Economic Journal, 1987.[12]
“On Intertemporal Substitution and Aggregate Labour Supply”, The Journal of Political Economy, 1987.[12]
“Wage Setting and Unemployment Persistence in Europe, Japan and the USA”, European Economic Review, 1988.[12]
“On the Persistence of Unemployment”, Economic Policy, 1988 (with Alan Manning).[12] “Monetary, Nominal Income and Exchange Rate Targets in a Small Open Economy”, European Economic Review, 1989.[12]
“Monetary Policy and the Informational Implications of the Phillips Curve”, Economica, 1990.[12] “Traded Goods, Competitiveness and Aggregate Fluctuations in the United Kingdom”, The Economic Journal, 1990.[12]
“The Phillips Curve and the Lucas Critique: Evidence from Exchange Rate Regimes”, American Economic Review, 1991 (with Ron Smith).[12]
“On Budgetary Policies, Growth and External Deficits in Interdependent Economies”, Journal of the Japanese and International Economies, 1991 (with Rick van der Ploeg).
“Tests of alternative wage employment bargaining models with an application to the UK aggregate labour market”, European Economic Review, 1991.[12]
“Inflationary expectations, political parties and the exchange rate regime: Greece 1958-1989”, European Journal of Political Economy, 1992.[12]
“Monetary Accommodation, Exchange Rate Regimes and Inflation Persistence”, Economic Journal, 1992.[12]
“Wage Inflation, Electoral Uncertainty and the Exchange Rate Regime: Theory and UK Evidence”, The Economic Journal, 1992.
“On Inflation, Unemployment and the Optimal Exchange Rate Regime”, in Handbook of International Macroeconomics, (editor R. van der Ploeg), Blackwell, Oxford, 1994.[12]
“Money and Endogenous Growth”, Journal of Money, Credit and Banking, 1994.[12]
“The Two Faces of Janus: Institutions, Policy Regimes and Macroeconomic Performance in Greece”, Economic Policy, 1995.[12]
“External Constraints on Macroeconomic Policy: The European Experience”, Centre for Economic Policy Research, 1991 (with Loucas Papademos and Richard Portes).[12]
“The crisis of economic policy”, Published by Kritiki Publications and the Athens Institute of Economic Policy Studies, Athens, 1994.
“Unemployment: Choices for Europe (Monitoring European Integration 5)”, Centre for Economic Policy Research, 1995.
“The Drachma: From the Phoenix to the Euro”, Published by Athinaiki Oikonomiki and the Athens Institute of Economic Policy Studies, Athens, 1997 (in cooperation with Sophia Lazaretou).
Awards and honorary distinctions
His PhD. thesis was awarded the R. S. Sayers Prize of the London University for 1981.
References
- ^ a b c d Curriculum Vitae at Hellenic Parliament website.
- ^ "New FinMin Alogoskoufis unveils priorities, goals", Athens News Agency, March 11, 2004.
- ^ "The Minister of Sound" Article about G. Alogoskoufis in the Belgian newspaper European Voice, published by the Economist Group.
- ^ "Rising prosperity brings feel-good factor" Article in the Financial Times on the Greek economy.
- ^ "With little fanfare, Greece has become one of Europe's best-performing economies and stock markets" Article in Forbes on the Greek economy.
- ^ [1]Corporate and personal income taxes reduction
- ^ [2]EU Commissioner for Regional Policy remarks on investments policy
- ^ [3]List of PuPlic Private Partnership projects
- ^ [4]Facts about Greek exports
- ^ [5]Table of Privatization revenues
- ^ Search Results: Alogoskoufis
- ^ a b c d e f g h i j k l m n o p q r s Pdf version of the publications.