Publications

7 publications found, searching for 'Elias Karakitsos '

• Policy Note No. 3
  March 27, 2009

  An Assessment of the Credit Crisis Solutions

  Elias Karakitsos
  Abstract

  All of the various schemes that have been put forward to resolve the current credit crisis follow either the “business as usual” or the “good bank” model. The “business as…more

  Download Policy Note 2009/3 PDF (179.89 KB)
• Policy Note No. 2
  March 25, 2009

  What Role for Central Banks in View of the Current Crisis?

  Philip Arestis and Elias Karakitsos
  Abstract

  Central banks have an aversion to bailing out speculators when asset bubbles burst, but ultimately, as custodians of the financial system, they have to do exactly that. Their actions are…more

  Download Policy Note 2009/2 PDF (100.99 KB)
• Public Policy Brief No. 77
  June 02, 2004

  The Sustainability of Economic Recovery in the United States

  Philip Arestis and Elias Karakitsos
  Abstract

  A rebound of consumption, investment, and consumer confidence in the second half of 2003 has raised hopes that the United States’ recovery from the 2001 recession is on a sustainable…more

  Download Public Policy Brief No. 77, 2004 PDF (547.07 KB)
• Public Policy Brief No. 73
  August 03, 2003

  Asset and Debt Deflation in the United States

  Philip Arestis and Elias Karakitsos
  Abstract

  In an asset and debt deflation, the process of reducing debt by saving and curtailing spending takes a long time, say authors Philip Arestis and Elias Karakitsos. Current imbalances and…more

  Download Public Policy Brief No. 73, 2003 PDF (362.30 KB)
• Working Paper No. 380
  May 01, 2003

  How Long Can the US Consumers Carry the Economy on Their Shoulders?

  Philip Arestis and Elias Karakitsos
  Abstract

  The consumer has been on a tightrope since the bursting of the "new economy" bubble, as losses in equity markets have been partly offset by gains in real estate and…more

  Download Working Paper No. 380 PDF (545.81 KB)
• Working Paper No. 378
  May 01, 2003

  The Conditions for Sustainable US Recovery

  Philip Arestis and Elias Karakitsos
  Abstract

  The anemic US economic recovery and the threat of a double-dip recession stem from the weakness of investment, due to excess capacity created in the euphoric years of the "new…more

  Download Working Paper No. 378 PDF (871.67 KB)
• Working Paper No. 368
  January 01, 2003

  How Far Can US Equity Prices Fall under Asset and Debt Deflation

  Philip Arestis and Elias Karakitsos
  Abstract

  Equity prices have been falling since March 2000. How far can they fall before they reach bottom? The current bear market differs from the mid-1970s plunge in equity prices in…more

  Download Working Paper No. 368 PDF (178.32 KB)