Professor Yiannis Vailakis

  • Professor in Economics (Economics)

telephone: 01413302820
email: Yiannis.Vailakis@glasgow.ac.uk

Biography

Yiannis Vailakis joined the Department of Economics at the University of Glasgow in May 2013. He has held positions at the University of Exeter (Lecturer and Associate Professor, September 2006 - May 2013) and the University of Sorbonne (Marie-Curie fellow, June 2004 - June 2006). He gained his PhD at the Université Catholique de Louvain in 2004.

Research interests

Yiannis is a member of the Microeconomics research cluster.

Areas of expertise:

  • Economic Theory  
  • General Equilibrium  
  • Financial Economics  
  • Sovereign Debt

Dr Vailakis’s research interests cover general equilibrium theory, macroeconomics and optimisation with applications to economic theory. His work on general equilibrium and macroeconomics includes the exploration of models with asymmetric information, transaction costs, endogenous borrowing constraints, limited commitment and sovereign debt. His work on optimisation covers dynamic programming and fixed point theory.

Grants

2016-2019: Agence National de la Recherche (ANR) research grant (co-investigator) Project: Financial and Real Interdependencies: Volatility, International Openess and Economic Policies (298.355 EUR)

2012-2015: Agence National de la Recherche (ANR) research grant (co-investigator) Project: Towards New Tools for Time Dimensions in Models of Economics (300.000 EUR)
 
2010-2012: ERC Starting Grant, FP7 program (principal investigator) Project: Default and Collateral in Financial Markets (156.538 EUR)

2004-2006: Postgraduate Marie Curie fellowship, Marie Curie Actions Intra-European fellowships FP6 Human Capital Mobility Program

Supervision

I am interested to supervise students on the following topics:

  • General equilibrium theory with limited commitment and endogenous borrowing constraints;
  • General equilibrium models of sovereign debt;
  • Dynamic programming.

Current PhD students

Teaching

University of Glasgow, Department of Economics, Course Convenor for the following courses:

  • Economics 1B (ECON1002), 2014-2017;
  • Corporate Finance Theory (ECON5075), 2014-2016;
  • Topics in Macroeconomic Theory 1 (ECON5097), 2016.

 

University of Exeter, Department of Economics, Course convenor for the following courses:

  • Intermediate Macroeconomics (BEE2018, BEE2023), 2007-2011;    
  • Macroeconomics of Money and Financial Markets (BEEM 120), 2008-2012;
  • Advanced Macroeconomics (BEEM100), 2007-2010;
  • Growth and Development (BEEM106), 2007-2009;
  • Advanced Mathematics for Economists (BEE3054), 2011-2012.

Additional information

Associate Editor

  • Journal of Mathematical Economics, May 2013-present;
  • Economic Theory January 2015-present.

Referee

Journal of Economic Theory, Games and Economic Behavior, Theoretical Economics, Journal of Mathematical Economics, Economic Theory, European Economic Review, B.A Journal of Theoretical Economics, Economics Letters, Journal of Macroeconomics, Macroeconomic Dynamics, Journal of Public Economic Theory, Journal of Dynamics and Games.

Research visits

  • Yeshiva University, May 2016
  • Kobe University, November 2015
  • University of Dauphine, June-July 2015
  • Yeshiva University, March 2015
  • Kobe University July 2014
  • University of Evry, May-June 2013
  • University of Illinois Urbana-Champaign, September 2012
  • University of South California, April 2011
  • Arizona State University, April 2011
  • University of California Davis, March-May 2011
  • Arizona State University, January 2009
  • Nova University, Portugal, March 2006
  • Arizona State University, March 2005
  • University of Alabama, November 2002

Events

  • Organiser for the European Workshop on General Equilibrium Theory (Glasgow, 16-18 June 2016)
  • Organiser for the Workshop on Recursive Methods in Economic Dynamics (Glasgow, 5-6 June 2014)
  • Organiser for the Glasgow SIRE Workshop on Microeconomic Theory (Glasgow, 29-30 November 2013) 
  • Organiser for the European Workshop on General Equilibrium Theory (Exeter, 31 May-2 June 2012) 
  • Organiser for the Workshop on Economic Theory (Exeter, 9-11 September 2011) 

Publications

List by: Type | Date

Jump to: 2017 | 2016 | 2015 | 2013 | 2012 | 2010 | 2007 | 2005 | 2003
Number of items: 14.

2017

Martins-da-Rocha, V. F. and Vailakis, Y. (2017) Borrowing in excess of natural ability to repay. Review of Economic Dynamics, 23, pp. 42-59. (doi:10.1016/j.red.2016.09.006)

Bloise, G., Polemarchakis, H. and Vailakis, Y. (2017) Sovereign debt and incentives to default with uninsurable risks. Theoretical Economics, (Early Online Publication)

2016

Martins-da-Rocha, V. F. and Vailakis, Y. (2016) On the sovereign debt paradox. Economic Theory, (doi:10.1007/s00199-016-0971-6) (Early Online Publication)

2015

Martins-da-Rocha, V. F. and Vailakis, Y. (2015) Constrained efficiency without commitment. Journal of Mathematical Economics, 61, pp. 276-286. (doi:10.1016/j.jmateco.2015.09.010)

2013

Martins-da-Rocha, V.F. and Vailakis, Y. (2013) Fixed point for local contractions: applications to recursive utility. International Journal of Economic Theory, 9(1), pp. 23-33. (doi:10.1111/j.1742-7363.2013.12001.x)

2012

Martins-da-Rocha, V.F. and Vailakis, Y. (2012) On Ponzi schemes in infinite horizon collateralized economies with default penalties. Annals of Finance, 8(4), pp. 455-488. (doi:10.1007/s10436-012-0209-y)

Martins-da-Rocha, V.F. and Vailakis, Y. (2012) Harsh default penalties lead to Ponzi schemes: a counterexample. Games and Economic Behavior, 75(1), pp. 277-282. (doi:10.1016/j.geb.2011.10.004)

Martins-da-Rocha, V.F. and Vailakis, Y. (2012) Endogenous debt constraints in collateralized economies with default penalties. Journal of Mathematical Economics, 48(1), pp. 1-13. (doi:10.1016/j.jmateco.2011.09.006)

2010

Martins-da-Rocha, V.F. and Vailakis, Y. (2010) Financial markets with endogenous transaction costs. Economic Theory, 45(1-2), pp. 65-97. (doi:10.1007/s00199-009-0498-1)

Martins-da-Rocha, V.F. and Vailakis, Y. (2010) Existence and uniqueness of a fixed point for local contractions. Econometrica, 78(3), pp. 1127-1141. (doi:10.3982/ECTA7920)

2007

Daher, W., Martins-da-Rocha, V.F. and Vailakis, Y. (2007) Asset market equilibrium with short-selling and differential information. Economic Theory, 32(3), pp. 425-446. (doi:10.1007/s00199-006-0131-5)

Le Van, C., Nguyen, M.H. and Vailakis, Y. (2007) Equilibrium dynamics in an aggregative model of capital accumulation with heterogeneous agents and elastic labour. Journal of Mathematical Economics, 43(3-4), pp. 287-317. (doi:10.1016/j.jmateco.2006.06.003)

2005

Le Van, C. and Vailakis, Y. (2005) Recursive utility and optimal growth with bounded or unbounded returns. Journal of Economic Theory, 123(2), pp. 187-209. (doi:10.1016/j.jet.2004.06.007)

2003

Le Van, C. and Vailakis, Y. (2003) Existence of a competitive equilibrium in a one sector growth model with heterogeneous agents and irreversible investment. Economic Theory, 22(4), pp. 743-771. (doi:10.1007/s00199-002-0355-y)

This list was generated on Tue May 23 21:41:53 2017 BST.
Jump to: Articles
Number of items: 14.

Articles

Martins-da-Rocha, V. F. and Vailakis, Y. (2017) Borrowing in excess of natural ability to repay. Review of Economic Dynamics, 23, pp. 42-59. (doi:10.1016/j.red.2016.09.006)

Bloise, G., Polemarchakis, H. and Vailakis, Y. (2017) Sovereign debt and incentives to default with uninsurable risks. Theoretical Economics, (Early Online Publication)

Martins-da-Rocha, V. F. and Vailakis, Y. (2016) On the sovereign debt paradox. Economic Theory, (doi:10.1007/s00199-016-0971-6) (Early Online Publication)

Martins-da-Rocha, V. F. and Vailakis, Y. (2015) Constrained efficiency without commitment. Journal of Mathematical Economics, 61, pp. 276-286. (doi:10.1016/j.jmateco.2015.09.010)

Martins-da-Rocha, V.F. and Vailakis, Y. (2013) Fixed point for local contractions: applications to recursive utility. International Journal of Economic Theory, 9(1), pp. 23-33. (doi:10.1111/j.1742-7363.2013.12001.x)

Martins-da-Rocha, V.F. and Vailakis, Y. (2012) On Ponzi schemes in infinite horizon collateralized economies with default penalties. Annals of Finance, 8(4), pp. 455-488. (doi:10.1007/s10436-012-0209-y)

Martins-da-Rocha, V.F. and Vailakis, Y. (2012) Harsh default penalties lead to Ponzi schemes: a counterexample. Games and Economic Behavior, 75(1), pp. 277-282. (doi:10.1016/j.geb.2011.10.004)

Martins-da-Rocha, V.F. and Vailakis, Y. (2012) Endogenous debt constraints in collateralized economies with default penalties. Journal of Mathematical Economics, 48(1), pp. 1-13. (doi:10.1016/j.jmateco.2011.09.006)

Martins-da-Rocha, V.F. and Vailakis, Y. (2010) Financial markets with endogenous transaction costs. Economic Theory, 45(1-2), pp. 65-97. (doi:10.1007/s00199-009-0498-1)

Martins-da-Rocha, V.F. and Vailakis, Y. (2010) Existence and uniqueness of a fixed point for local contractions. Econometrica, 78(3), pp. 1127-1141. (doi:10.3982/ECTA7920)

Daher, W., Martins-da-Rocha, V.F. and Vailakis, Y. (2007) Asset market equilibrium with short-selling and differential information. Economic Theory, 32(3), pp. 425-446. (doi:10.1007/s00199-006-0131-5)

Le Van, C., Nguyen, M.H. and Vailakis, Y. (2007) Equilibrium dynamics in an aggregative model of capital accumulation with heterogeneous agents and elastic labour. Journal of Mathematical Economics, 43(3-4), pp. 287-317. (doi:10.1016/j.jmateco.2006.06.003)

Le Van, C. and Vailakis, Y. (2005) Recursive utility and optimal growth with bounded or unbounded returns. Journal of Economic Theory, 123(2), pp. 187-209. (doi:10.1016/j.jet.2004.06.007)

Le Van, C. and Vailakis, Y. (2003) Existence of a competitive equilibrium in a one sector growth model with heterogeneous agents and irreversible investment. Economic Theory, 22(4), pp. 743-771. (doi:10.1007/s00199-002-0355-y)

This list was generated on Tue May 23 21:41:53 2017 BST.