CRETE 2022

The 20th Conference on Research on Economic Theory and Econometrics

Tinos, July 11-15, 2022



Conference on Research on Economic Theory and Econometrics

The Conference

The conference

CRETE is an annual conference covering various areas of economic theory and econometrics. The program includes lectures in selected areas by senior invited faculty, as well as paper presentations by advanced PhD students and more junior faculty. The first meeting took place in 2002 and the series has since been successfully continued each summer for the past 20 years.

CRETE 2022

The 20th Conference on Research on Economic Theory and Econometrics will be held at Tinos, from Monday July 11 through Friday July 15, 2022.

The program includes talks by Eugenio Miravete (Univ. of Texas at Austin), Anders Rahbek (Univ. of Copenhagen), Patrick Rey (Toulouse School of Economics), Costis Daskalakis (MIT), John Geanakoplos (Yale), Michael Haliassos (Goethe Univ. Frankfurt), Loukas Karabarbounis (Univ. of Minnesota) and Philip Oreopoulos (Univ. of Toronto) among many other distinguished presenters.

The financial support of our sponsors is gratefully acknowledged, as well as the hospitality of the Cultural Foundation of Tinos. The meeting is organized with the support of the Economics Department of the Athens University of Economics and Business and of the Foundation for Economic & Industrial Research (IOBE).

CRETE 2022

Organizing Committee

Organizing Committee

Costas Azariadis Washington University, St. Louis

Harris Dellas University of Bern

Yannis Ioannides Tufts University

Emmanuel Petrakis University of Crete

Dimitri Vayanos London School of Economics

Nikos Vettas Αthens University of Economics and Business and
Foundation for Economic & Industrial Research (IOBE)


Click here to download the conference program in pdf format.

12:30 – 13:00 Registration and welcome

13:00 – 15:30

Parallel Session A: Micro-finance Chair: Christos Cabolis (IMD)

Georgios Panos (Univ. of Glasgow) “Growing up with finance: Special economic zoning and household finances in China” [with Dongni Duan (Univ. of Glasgow)] - [Slides]

Veni Arakelian (Piraeus Bank) “And Pythia said: "Buy not sell"; An analysis of analyst recommendations betting on sparsity” [with Mike Tsionas (Lancaster Univ.)] - [Slides]

Frago Kourandi (Univ. of Athens) “Systematic risk and exchange-rate exposure of pair arbitrage portfolios” [with Athanasios Andrikopoulos (Hull Univ.)] - [Slides]

Stefanos Delikouras (Univ. of Miami) “Asset pricing with and without garbage: The overlooked triple-hypothesis problem” [with George Korniotis (Univ. of Miami)] - [Slides]

Parallel Session B: Macroeconomics Chair: Vanghelis Vassilatos (AUEB-Econ)

Despoina Balouktsi (Goethe Univ. Frankfurt) “Population density and the local economy pre-and post-pandemic breakout” - [Slides]

Stylianos Tsiaras (Swiss Finance Institute – EPFL) “Active and passive (un)conventional monetary and fiscal policies for debt stability” [with Luisa Lambertini (Swiss Finance Institute – EPFL) and Gleb Kurovskiy (Swiss Finance Institute – EPFL)] - [Slides]

Nikolaos Sarris (AUEB-DIEES) “Capacity constraints on renewable resources: modeling through a Green Ramsey model” - [Slides]

Paraskevi Tzika (Univ. of Cyprus) “Macroeconomic implications of economic policy uncertainty: Evidence from Cyprus” [with Elena Andreou (Univ. of Cyprus) and George Syrichas (Univ. of Cyprus)] - [Slides]

15:30 – 16:00 Coffee break

16:00 – 18:30

Parallel Session A: Environmental economics Chair: Efthymia Kyriakopoulou (Swedish Univ. of Agricultural Sciences and AUEB-Econ)

Effrosyni Diamantoudi (Concordia Univ.) “International environmental agreements with emission, abatement and adaptation choices” [with Eftichios Sartzetakis (Univ. of Macedonia) and Stefania Strantza (Vanier College)]

Ioannis Branikas (Univ. of Oregon) “The response of local corporate sustainability to environmental disasters: Evidence from wildfires” [with Gabriel Buchbinder (South Carolina DHEC), Yugang Ding (Guangdong Univ.) and Nan Li (Univ. of Toronto)] - [Slides]

Angeliki Theophilopoulou (Brunel Univ.) “Climate change and income inequality. An empirical analysis” [with Haroon Mumtaz (Queen Mary University London)] - [Slides]

Fotis Kalantzis (European Investment Bank) “Are EU firms climate-ready? An investigation of motivations and barriers to climate strategies” [with Sofia Dominguez (EIB and UNCTAD)] - [Slides]

Maria Arvaniti (Univ. of Bologna) “Self-enforcing climate coalitions for farsighted countries: integrated analysis of heterogeneous countries” [with Sareh Vosooghi (Oxford) and Frederick van der Ploeg (Oxford)] - [Slides]

Parallel Session B: Econometrics and methods Chair: Ekaterini Kyriazidou (New York Univ., Abu Dhabi)

Alexandros Louka (AUEB-Econ and IOBE) “Tabu search for maximum score estimator computation” [with Kostas Florios (AUEB) and Yannis Bilias (AUEB)] - [Slides]

Alexandros Paraskevopoulos (Univ. of Piraeus) “Explicit and compact representations of the one-sided Green's function and the solution of linear difference equations with variable coefficients” [with Menelaos Karanasos (Brunel Univ.)]

Tassos Magdalinos (Univ. of Southampton) “Uniform and distribution-free inference with general autoregressive processes” [with Katerina Petrova (Univ. Pompeu Fabra)]

Andros Kourtellos (Univ. of Cyprus and Univ. of Chicago) “Social threshold regression” [with A. Konstantinidi (Univ. of Cyprus) and Y. Sun (Univ. of Guelph)] - [Slides]


9:00 – 9:15 Welcome

9:15 – 10:30 Finance Lectures Chair: Harris Dellas (Univ. of Bern)

Michael Haliassos (Goethe Univ. Frankfurt) “Wealth inequality: Opportunity or unfairness?” [with Thomas Jansson (Sveriges Riksbank) and Yigitcan Karabulut (Frankfurt School of Finance and Management)] - [Slides]

Dimitris Malliaropulos (Bank of Greece and Univ. of Piraeus) “A global monetary policy factor in sovereign bond yields” [with Petros Migiakis (Bank of Greece)] - [Slides]

10:30 – 10:50 Coffee break

10:50 – 12:50

Parallel Session A: Health economics Chair: Evangelia Chalioti (Yale)

Andriana Bellou (Univ. of Montreal) “The long-run impacts of adolescent drinking: evidence from zero tolerance laws” [with Joshua Lewis (Univ. de Montréal) and Tatiana Abboud (Univ. de Montréal)] - [Slides]

Dimitrios Minos (King's College London) “Corruption and population health” [with Ilias Kyriopoulos (LSE) and Sotiris Vandoros (KCL)] - [Slides]

Panagiotis Margaris (Concordia Univ.) “Can wealth buy health: A model of pecuniary and non-pecuniary investments in health” - [Slides]

Vassilis Sarantides (AUEB-Econ) “Subnational democritisation and the Mexican drug war” [with Luis Alfredo Sanchez Andalco (Univ. of Sheffield)] - [Slides]

Parallel Session B: Macro and related Chair: Nikolas Topaloglou (AUEB-DIEES)

Dimitris Georgarakos (ECB) “The effects of macroeconomic uncertainty on household spending” [with Olivier Coibion (UT Austin and NBER), Yuriy Gorodnichenko (UC Berkeley and NBER), Geoff Kenny (ECB) and Michael Weber (Univ. of Chicago and NBER)] - [Slides]

Kyriakos Neanidis (Univ. of Manchester) “The currency composition channel of monetary policy and the role of macroprudential regulation” [with Christos S. Savva (Cyprus Univ. of Technology)] - [Slides]

Petros Varthalitis (AUEB-Econ) “A two country HANK model of Eurozone” [with Xiaoshan Chen (Univ. of Durham) and Spyros Lazarakis (Univ. of Lancaster)] - [Slides]

Maria Demetriadou (Univ. of Cyprus) “The effects of macroeconomic uncertainty on key economic and financial indicators in Cyprus” [with Elena Andreou (Univ. of Cyprus)] - [Slides]

12:50 – 13:50 Lunch break

13:50 – 16:50

Parallel Session A: Covid-19, income distribution and policy effects Chair: Margarita Katsimi (AUEB-DIEES)

Dimitris Christelis (Univ. of Glasgow) “The Covid-19 crisis and consumption: Survey evidence from six EU countries” [with D. Georgarakos (ECB), T. Jappelli (Univ. of Naples) and G. Kenny (ECB)] - [Slides]

Panagiotis Konstantinou (AUEB-DIEES) “The regional effects of fiscal adjustment plans” - [Slides]

Plutarchos Sakellaris (AUEB-Econ) “Heterogeneity in the marginal propensity to consume before and during the COVID-19 pandemic: Evidence from a lottery and administrative data” - [Slides]

Athanasios Andrikopoulos (Univ. of Hull) “Capital inflow liberalization and bank credit risk” [with Kexin Li (Jinan Univ.), Zhongfei Chen (Jinan Univ.) and Youwei Li (Hull Univ.)] - [Slides]

Iordanis Petsas (Univ. of Scranton) “Work, leisure, and the Monday blue: Does culture matter?” [with Jinghan Cai (Univ. of Scranton) and Fengyun Li (Renmin Univ. of China)] - [Slides]

Parallel Session B: Micro theory and applications Chair: Valanta Milliou (AUEB-DIEES)

George Georgiadis (Northwestern Univ.) “Optimal feedback in contracting” [with Jeff Ely and Luis Rayo] - [Slides]

Dimitrios Xefteris (Univ. of Cyprus) “Voting in shareholders meetings” [with Laurent Bouton (Georgetown University), Aniol Llorente-Saguer (Queen Mary, London), and Antonin Mace (Paris School of Economics)] - [Slides]

Alexandros Gelastopoulos (Univ. of Southern Denmark) “Sequential choice and self-reinforcing rankings” [with Pantelis Analytis (Univ. of Southern Denmark), Francesco Cerigioni (Univ. Pompeu Fabra) and Hrvoje Stojic (Barcelona School of Economics)] - [Slides]

Georgios Angelis (Aix-Marseille School of Economics) “A network foundation of the matching function” [with Yann Bramoulle (Aix-Marseille School of Economics and CNRS)] - [Slides]

Efthymios Athanasiou (The New Economic School, Moscow) “Binary public decisions with a status quo: A novel characterization of the unanimity mechanism” [with Giacomo Valletta (EDHEC Business School, Lille)] - [Slides]

Rodrigo Velez (Texas A&M) “Empirical strategy-proofness” [with Alexander L. Brown (Texas A&M)] - [Slides]


9:00 – 11:00

Parallel Session A: Macro and finance Chair: Plutarchos Sakellaris (AUEB-Econ)

Spyros Skouras (AUEB-DIEES) “High resolution cross-sectional stock return dynamics” - [Slides]

Emile Marin (UC Davis) “Capital controls and free trade agreements” [with Simon Lloyd (Bank of England)] - [Slides]

Haroon Mumtaz (Queen Mary Univ. of London) “Short-run taxes and long-run growth” [with James Cloyne (Univ. of California Davis), Joseba Martinez (London Business School and CEPR) and Paolo Surico (London Business School and CEPR)] - [Slides]

Nikolaos Artavanis (Virginia Tech.) “Cross-subsidization of bad credit in a lending crisis” [with Brian Lee (Columbia), Stavros Panageas (UCLA) and Margarita Tsoutsoura (Cornell)] - [Slides]

Parallel Session B: Industrial organization Chair: Giorgos Stamatopoulos (Univ. of Crete)

Christos Genakos (Cambridge and AUEB-Econ) “The effect of competition and price dispersion on search behavior” [with Blair Lyu (Cambridge) and Mario Pagliero (Univ. of Turin and CERP)] - [Slides]

Sofronis Clerides (Univ. of Cyprus) “Store expensiveness and consumer saving: Insights from a new decomposition of price dispersion” [with Pascal Courty (Univ. of Victoria) and Yupei Ma (Univ. of British Columbia)] - [Slides]

Philippos Louis (Univ. of Cyprus) “Feedback and competition in reverse procurement auctions” [with Niklas Klarnskou (CRH) and Wouter Passtoors (CRH)] - [Slides]

Emmanuel Petrakis (Univ. of Crete) “Procompetitive mergers to monopoly: A general equilibrium perspective” [with Diego Moreno (Univ. Carlos III-Madrid)] - [Slides]

11:00 – 13:00 Lectures on markets and investment Chair: Nikos Vettas (AUEB-Econ and IOBE)

Eugenio Miravete (Univ. of Texas at Austin) “Robust pass-through estimation in discrete choice models” [with Katja Seim (Yale) and Jeff Thurk (Univ. of Georgia)]

Patrick Rey (Toulouse School of Economics) “Consumer search and choice overload” [with Volker Nocke (Univ. of Mannheim)] - [Slides]

Dimitri Vayanos (LSE) “Passive investing and the rise of mega-firms” [with Hao Jiang (Michigan State Univ.) and Lu Zheng (Univ. of California-Irvine)] - [Slides]

13:00 – 13:15 Coffee break

13:15 – 14:00 Michael Magdalinos Lecture Chair: Costas Azariadis (Washington Univ., St. Louis)

Loukas Karabarbounis (Univ. of Minnesota) “The macroeconomics of the Greek depression” [with Gabriel Chodorow-Reich (Harvard) and Rohan Kekre (Chicago Booth)] - [Slides]

14:00 – 15:00 Lunch break

15:00 – 17:00

Parallel Session A: Labor economics Chair: Philip Oreopoulos (Univ. of Toronto)

Myrto Oikonomou (IMF) “Migration search and skill heterogeneity” - [Slides]

Konstantina Maragkou (Cambridge) “Parental investments in private tuition, student test scores and educational outcomes” [with Cheti Nicoletti (Univ. of York and Univ. of Essex) and Birgitta Rabe (Univ. of Essex)] - [Slides]

Philip Oreopoulos (Univ. of Toronto) “A helping hand goes a long way: Long-term effects of counselling and support to workfare program participants” [with Gustavo J. Bobonis (Univ. of Toronto), Aneta Bonikowska (Statistics Canada), W. Craig Riddell (Univ. of British Columbia) and Steven P. Ryan (Univ. of Toronto)] - [Slides]

Rigissa Megalokonomou (Univ. of Queensland) “Same-gender peer role models in education” [with Sofoklis Goulas (Stanford University) and Bhagya Gunawardena (University of Queensland)] - [Slides]

Parallel Session B: Microeconomic theory and finance Chair: Marina-Selini Katsaiti (Agricultural Univ. of Athens)

Efstathios Avdis (Univ. of Alberta) “Risk seekers, muted: trade, noise, and the rationalizing effect of market impact on convex preferences” - [Slides]

Costas Cavounidis (Warwick) “Subcontracting away strategic uncertainty - Contracts straight from the horse's mouth” [with Hyungmin Park (Warwick)] - [Slides]

Spyros Galanis (Durham Univ.) “Information aggregation under ambiguity: Theory and experimental evidence” [with Christos Ioannou (Univ. Paris 1 Pantheon) and Stelios Kotronis (City Univ. of London)] - [Slides]

Nikolas Tsakas (Univ. of Cyprus) “Information aggregation by council” [with Dimitrios Xefteris (Univ. of Cyprus)] - [Slides]

Parallel Session C: Applied microeconomics Chair: Christos Genakos (Cambridge and AUEB-Econ)

Stella Papadokonstantaki (Washington Univ., St. Louis) “Competition and VAT pass-through: Evidence from the Greek islands” [with Lydia Dimitrakopoulou (Vienna Univ.), Christos Genakos (Cambridge and AUEB) and Themistoklis Kampouris (Univ. of Athens)] - [Slides]

Louiza Bartzoka (Imperial College London) “Credit constraints and the distributional effects of the refinancing channel” - [Slides]

Konstantinos Chountas (AUEB-Econ) “Unpacking the birth order effects” [with Wifag Adnan (New York Univ., Abu Dhabi), Aikaterini Kyriazidou (New York Univ., Abu Dhabi) and Tetyana Surovtseva (New York Univ., Abu Dhabi)] - [Slides]

Eleni Kyrkopoulou (AUEB-Econ) “Social policy gone bad educationally: Unintended peer effects from transferred students” [with Christos Genakos (Cambridge and AUEB-Econ)] - [Slides]


9:15 –11:15

Parallel Session A: Public economics and policy Chair: Claire Economidou (Univ. of Piraeus)

Christos Kotsogiannis (Univ. of Exeter) “Optimal VAT threshold(s)” [with Alessandro Di Nola (Univ. of Konstantina) and Konstantinos Serfes (Drexel Univ.)] - [Slides]

Anastasios Karantounias (Federal Reserve Bank of Atlanta) “A general theory of tax-smoothing” - [Slides]

Theodora Kosma (Bank of Greece) “Price changes and large shocks: price setting in Greece during the crisis” [with Huw Dixon (Cardiff Business School) and Pavlos Petroulas (Bank of Greece)] - [Slides]

Dimitris Petmezas (Durham University) “Local boy does good: CEO birthplace identity and corporate social responsibility” [with Zicheng Lei (King’s College London), P. Raghavendra Rau (Cambridge) and Chen Yang (Durham Univ.)] - [Slides]

Parallel Session B: Econometrics Chair: Katerina Petrova (Univ. Pompeu Fabra)

Vassilis Hajivassiliou (LSE) “Simultaneously incoherent and incomplete (SII) dynamic LDV models: With an application to quantifying financing constraints and a firm’s decision and ability to innovate” [with Frederique Savignac (Banque de France)] - [Slides]

Menelaos Karanasos (Brunel Univ.) “Constrained QML estimation for multivariate asymmetric MEM with spillovers: The importance of matrix inequalities” [with Yongdeng Xu (Cardiff Business School) and Stavroula Yfanti (Loughborough Univ.)] - [Slides]

Eleni Aristodemou (Univ. of Cyprus) “Binary response dynamic panel data models with switching dependence” - [Slides]

11:15 – 11:45 Coffee break

11:45 –12:45 Emmanuel Drandakis Lecture Chair: Gikas Hardouvelis (Univ. of Piraeus and National Bank of Greece)

John Geanakoplos (Yale) “A theory of market crashes: 15 Lessons”

12:45 – 14:15

Parallel Session A: History, trade and growth Chair: Anna Hardman (Tufts)

Argyris Sakalis (Univ. of Sheffield) “Land distribution and economic development in a pre-industrial economy: Evidence from Greece, 1881-1907” [with Pantelis Kammas (AUEB-Econ) and Vassilis Sarantides (AUEB-Econ)]

Sotiris Kampanelis (Cardiff Business School) “Cultural transmission, ancient trade routes, and contemporary economic activity: Evidence from Australia” [with Aldo Elizalde (Queen’s Univ. Belfast)] - [Slides]

Parallel Session B: Micro-finance Chair: Nikolas Topaloglou (AUEB-DIEES)

Mara Vidali (Agricultural Univ. of Athens) “Monetary policy and the real interest rate” [with George Bitros (AUEB-Econ)] - [Slides]

Evgenia Passari (Université Paris-Dauphine) “Financial remittances and gender inequality” [with Dimitrios Minos (King's College London)]

Konstantinos Serfes (Drexel Univ.) “Fintech and bank competition: The role of screening technology and collateral requirements” [with Kejia Wu (Federal Reserve Bank of Philadelphia) and Panagiotis Avramidis (Alba Graduate Business School)] - [Slides]

Parallel Session C: Macroeconomics and finance Chair: Nikitas Konstantinidis (IE Univ., Madrid)

Stavroula Yfanti (Loughborough Univ.) “Corporate credit risk counter-cyclical interdependence: A systematic analysis of cross-border and cross-sector correlation dynamics” [with Menelaos Karanasos (Brunel Univ.), Constantin Zopounidis (Technical Univ. of Crete and Audencia Business School) and Apostolos Christopoulos (Univ. of Aegean)] - [Slides]

Andreas Tryphonides (Univ. of Cyprus) “Digitalization and resilience to disaggregate shocks” [with Florentine Schwark (Humboldt Univ. of Berlin)] - [Slides]

Nikitas Konstantinidis (IE Univ., Madrid) “Local ownership of IMF conditionality programs: Conceptualization, measurement, and validation” [with Bernhard Reinsberg (Univ. of Glasgow)] - [Slides]

14:15 – 15:15 Lunch break

15:15 –17:45

Parallel Session A: Markets and competition Chair: Emmanuel Petrakis (Univ. of Crete)

Christos Constantatos (Univ. of Macedonia) “Optimal two-part tariffs with downstream uncertainty” [with Ioannis Pinopoulos (Univ. of Athens)] - [Slides]

Konstantinos Papadopoulos (Aristotle Univ. of Thessaloniki) “Countervailing power in a vertical market experiment” [with Manfred Konigstein (Univ. of Erfurt)] - [Slides]

Konstantinos Valaskas (AUEB-Econ and IOBE) “Dynamic pricing and capacity constraints under demand uncertainty” [with Nikos Vettas (AUEB-Econ and IOBE)]

Panagiotis Fotis (Hellenic Competition Commission) “On the effectiveness of settlement procedure in the presence of partial ownerships” [with Markos Tselekounis (Univ. of Pireaus)] - [Slides]

Alecos Papadopoulos (AUEB-Econ) “Did the depression changed the structure of production in Greece? Before-and-after snapshots of sectoral production functions” [with Alexandros Louka (AUEB-Econ and IOBE), Michalis Vassiliadis (IOBE) and Nikos Vettas (AUEB and IOBE)] - [Slides]

Parallel Session B: Policy and evaluation Chair: Rodrigo Velez (Texas A&M)

Anastasia Zervou (Texas A&M) “Heterogeneous labour market response to monetary policy: small versus large firms

Costas Roumanias (AUEB-DIEES) “Political violence in crisis-ridden Greece: Evidence from the far right and the far” [with Lamprini Rori (EUI and Univ. of Exeter) and Vasiliki Georgiadou (Panteion Univ.)]

Yota Deli (Univ. College Dublin) “Education and credit: A Matthew effect” [with Manthos Delis (Montpellier Business School), José-Luis Peydró (Imperial College London and Univ. Pompeu Fabra) and Adele Whelan (Trinity College Dublin)] - [Slides]

Vassiliki-Eirini Dimakopoulou (AUEB-Econ) “A non-admitted role of central banks: Debt-dependent quantitative monetary policies” [with George Economides (AUEB), Apostolis Philippopoulos (AUEB) and Petros Varthalitis (AUEB)] - [Slides]

Parallel Session C: Modelling and policy evaluation Chair: Konstantinos Peppas (IOBE)

Dimitrios Zaverdas (AUEB-Econ) “Production function estimation controlling for endogenous productivity disruptions” [with Plutarchos Sakellaris (AUEB-Econ)] - [Slides]

Magdalini Tofini (Univ. of Cyprus) “Forecasting the European GDP using MIDAS models: The role of survey and financial indicators” [with Elena Andreou (Univ. of Cyprus)] - [Slides]

Panagiotis Veneris (Univ. of Liverpool) “Credit crunches with recursive preferences” [with Oliver de Groot (Univ. of Liverpool)] - [Slides]

Michalis Papazoglou (Univ. of Ioannina) “Structural reforms during the Greek economic adjustment programme: The amalgamation of municipalities” [with Nikolaos Benos (Univ. of Ioannina), Maurizio Conti (Univ. of Genova), Massimiliano Ferraresi (EIB) and Stylianos Karagiannis (European Training Foundation)] - [Slides]

Andreas Vasilatos (AUEB-DIEES) “Twin deficits and market liberalizations” [with Panagiotis Konstantinou (AUEB-DIEES)] - [Slides]


9:00 – 11:00

Parallel Session A: Information and strategies Chair: Petros Dellaportas (UCL and AUEB-Statistics)

Marta Grzeskiewicz (UCL) “Revealed preference inverse reinforcement learning in a consumer environment” [with Petros Dellaportas (UCL and AUEB-Statistics)]

Miguel Herculano (University of Nottingham) “Investor sentiment and global economic conditions” [with Eva Lütkebohmert (Univ. of Freiburg)] - [Slides]

Panagiotis Kyriazis (Northwestern) “The signaling role of leaders in global games” [with Edmund Lou (Northwestern Univ.)] - [Slides]

Parallel Session B: Policy evaluation Chair: Christos Kotsogiannis (Univ. of Exeter)

Sotiris Georganas (City Univ. of London) “The ignorance trap: who falls prey to expert-defying populism and why” [with Theodore Alysandratos (Heidelberg), Aris Boukouras (Leicester), Zacharias Maniadis (Cyprus) and Alina Velias (LSE & AUEB)]

Alice Mesnard (City Univ. of London) “Temporary foreign work permits: Honing the tools to defeat human smuggling” [with Emmanuelle Auriol (Toulouse School of Economics) and Tiffanie Perrault (Univ. de Montreal)] - [Slides]

Evangelos Dioikitopoulos (AUEB-Econ) “Economic materialism, cultural change, and the transition towards sustained growth” [with Dimitrios Varvarigos (Univ. of Leicester)]

Panagiotis Barkas (LSE and ELIAMEP) “Financial and macroeconomic drivers of bank profitability: Evidence from Greek systemic banks during 2009-2019” [with Theodore Kounadeas (LSE)] - [Slides]

Parallel Session C: Macroeconomics and finance Chair: George Dotsis (Univ. of Athens)

Manolis Chatzikonstantinou (Georgetown Univ., Qatar) “Information technology, global goliaths and asset returns” - [Slides]

Sarah Mouabbi (Banque de France) “Debt-stabilizing properties of GDP-linked securities: A macro-finance perspective” [with Jean-Paul Renne (Univ. of Lausanne) and Jean-Guillaume Sahuc (Banque de France)] - [Slides]

Ioannis Souropanis (Univ. of Groningen) “Forecasting realized volatility with wavelet decomposition” - [Slides]

Anastasios Megaritis (Keele Univ.) “On Minsky moments on commodity markets” [with George Dotsis (Univ. of Athens), Athanasios Triantafyllou (Univ. of Essex) and Alexandros Sarris (Univ. of Athens)] - [Slides]

11:00 – 11:30 Coffee break

11:30 –12:30 Games and learning Lecture Chair: Amedeo Odoni (MIT)

Costis Daskalakis (MIT) “What does it take to be a good fisherman?” [with Yeshwanth Cherapanamjeri (UC Berkeley), Andrew Ilyas (MIT) and Manolis Zampetakis (UC Berkeley)] - [Slides]

12:30 – 15:00

Parallel Session A: Policy and evaluation Chair: Vally Koubi (Univ. of Bern)

Themistoklis Kampouris (Univ. of Athens - MSc) “VAT changes and voting: Evidence from the Greek islands” [with Christos Genakos (Cambridge and AUEB-Econ), Mario Pagliero (Univ. of Turin) and Costas Roumanias (AUEB-DIEES)] - [Slides]

Filippos Petroulakis (Bank of Greece) “Did COVID-19 induce a reallocation wave?” [with Agostino Consolo (ECB)] - [Slides]

Konstantina Christogeorgou (Univ. of Ioannina) “A meta-analysis on the role of institutions in entrepreneurial ecosystems” [with Yorgos Goletsis (Univ. of Ioannina) and Nikolaos Mylonidis (Univ. of Ioannina)] - [Slides]

Stylianos Giannoulakis (AUEB-Econ) “Finance or demand: What drives the responses of young and small firms to financial crises?” [with Plutarchos Sakellaris (AUEB-Econ)] - [Slides]

Spyridon Lazarakis (Lancaster Univ.) “Risk exposure and wealth inequality in a pre-modern society” [with D. Agol (Univ. of Leeds), K. Angelopoulos (Univ. of Glasgow), R. Mancy (Univ. of Glasgow) and E. Papyrakis (Univ. of Rotterdam)] - [Slides]

Parallel Session B: Theory and applications Chair: Georges Siotis (Carlos III-Madrid)

Evangelos Charalambakis (Bank of Greeece) “Who participates in the credit market during the COVID-19 pandemic? Evidence from the Consumer Expectations Survey” [with Federica Teppa (De Nederlandsche Bank) and Athanasios Tsiortas (ECBank)] - [Slides]

Leonidas Spiliopoulos (Max Planck Institute for Human Development) “On the evolution of heuristics and bounded rational behavior in random games” - [Slides]

Anastasia Leontiou (Univ. of Ioannina) ““Tacit” bundling among rivals: Limited availability bargains to loss-averse consumers” [with Nicholas Ziros (Univ. of Cyprus)] - [Slides]

15:00 – 16:00 End of the conference



Lists of participants


More recent PhDs

Doctoral candidates


To Be Announced

About Tinos

The island

Tinos is one of the largest islands in the Cyclades, located at the center of the archipelago, near Mykonos, Syros and Andros. The island’s history goes back to the classical antiquity, when it was known as Hydroessa and Ophiussa and was a place of warship of Poseidon, as the ruins of the 4th century B.C. settlement at Kionia attest. Like other islands in the region, Tinos was under Venetian rule for most of its recent history (early 13th through early 18th century). It was ruled by the Ottomans for a century, before it became part of the modern Greek state in 1830.

Tinos is famous for the temple of Panagia Evangelistria, a site of great significance in the Greek Orthodox religious tradition. This church attracts perhaps the largest annual pilgrimage in the Greek Orthodox world, on August 15th, in celebration of the Dormition of the Mother of God. Nevertheless, despite the island’s special place in the Greek Orthodox tradition, most of Tinos’s 9.000 inhabitants are Roman Catholic, living in harmony with the local Greek Orthodox community for centuries.

Tinos is well known for its scenic villages, the numerous old windmills and artistic dovecotes scattered on the island’s countryside and for the well-preserved Venetian fortifications at the Exombourgo mountain. The island is also famous for its artistic tradition, having being the birthplace of world-renowned sculptors and painters, most notably Nikolaos Gizis, Yannoulis Chalepas and Nikiforos Lytras.

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Travel information

Tinos has no airport. You can reach the island by boat from the port of Piraeus (a five-hour trip), from the port of Rafina (a four-hour trip), from the island of Mykonos (a half-an-hour trip), or from the island of Syros (also a half-an-hour trip). In July there are direct flights from many European cities to Mykonos.

For ferry schedules you may visit Blue Star Ferries, Hellenic Seaways, Fast Ferries, Seajets, or Golden Star Ferries.

For airplane tickets to Mykonos or Syros you may visit Aegean Airlines, British Airways, EasyJet, or Alitalia.

You may also visit travel agencies such as airtickets,, or OpenSeas.

Conference venue

The conference will take place at the Cultural Foundation of Tinos, which was established as a private benefit institution in 2002 by the Sacred Foundation of the Church of the Annunciation, and is supported by that institution.

Its purpose is to promote research and study and to advance the awareness of the art, history, culture and tradition indigenous to the island of Tinos.

The large exhibition hall of the Cultural Foundation of Tinos was inaugurated in September of the same year with the very significant art exhibit of the celebrated Tinian artist, Nicholaos Gizis, to commemorate the 100th anniversary of his death.


Contact us

For further details please contact the organizing committee at

Thank you for visiting CRETE 2022!