Professor Dimitris Georgarakos
- Professor in Economics (Economics)
Publications
2025
Christelis, Dimitris ORCID: https://orcid.org/0000-0003-4158-5036, Georgarakos, Dimitris, Jappelli, Tullio and Kenny, Geoff
(2025)
Wealth shocks and portfolio choice.
Journal of Monetary Economics, 149,
103632.
(doi: 10.1016/j.jmoneco.2024.103632)
2024
Coibion, Olivier, Georgarakos, Dimitris, Gorodnichenko, Yuriy, Kenny, Geoff and Weber, Michael (2024) The effect of macroeconomic uncertainty on household spending. American Economic Review, 114(3), pp. 645-677. (doi: 10.1257/aer.20221167)
2023
Coibion, Olivier, Georgarakos, Dimitris, Gorodnichenko, Yuriy and Weber, Michael (2023) Forward guidance and household expectations. Journal of the European Economic Association, 21(5), pp. 2131-2171. (doi: 10.1093/jeea/jvad003)
Coibion, Olivier, Georgarakos, Dimitris, Gorodnichenko, Yuriy and van Rooij, Maarten (2023) How does consumption respond to news about inflation? Field evidence from a randomized control trial. American Economic Journal: Macroeconomics, 15(3), pp. 109-152. (doi: 10.1257/mac.20200445)
2022
Georgarakos, Dimitris and Kenny, Geoff (2022) Household spending and fiscal support during the COVID-19 pandemic: Insights from a new consumer survey. Journal of Monetary Economics, 129, S1-S14. (doi: 10.1016/j.jmoneco.2022.02.007) (PMID:35233129) (PMCID:PMC8876095)
2021
Christelis, Dimitris ORCID: https://orcid.org/0000-0003-4158-5036, Georgarakos, Dimitris, Jappelli, Tullio, Pistaferri, Luigi and van Rooij, Maarten
(2021)
Heterogeneous wealth effects.
European Economic Review, 137,
103805.
(doi: 10.1016/j.euroecorev.2021.103805)
Christelis, Dimitris ORCID: https://orcid.org/0000-0003-4158-5036, Ehrmann, Michael and Georgarakos, Dimitris
(2021)
Exploring differences in household debt across the United States and euro area countries.
Journal of Money, Credit and Banking, 53(2-3),
pp. 477-501.
(doi: 10.1111/jmcb.12769)
2020
Christelis, Dimitris ORCID: https://orcid.org/0000-0003-4158-5036, Georgarakos, Dimitris, Jappelli, Tullio and van Rooij, Maarten
(2020)
Trust in the central bank and inflation expectations.
International Journal of Central Banking, 16(6),
pp. 1-37.
Christelis, Dimitris ORCID: https://orcid.org/0000-0003-4158-5036, Georgarakos, Dimitris, Jappelli, Tullio and van Rooij, Maarten
(2020)
Consumption uncertainty and precautionary saving.
Review of Economics and Statistics, 102(1),
pp. 148-161.
(doi: 10.1162/rest_a_00819)
Christelis, Dimitris ORCID: https://orcid.org/0000-0003-4158-5036, Georgarakos, Dimitris and Sanz-de-Galdeano, Anna
(2020)
The impact of health insurance on stockholding: a regression discontinuity approach.
Journal of Health Economics, 69,
102246.
(doi: 10.1016/j.jhealeco.2019.102246)
2019
Christelis, Dimitris ORCID: https://orcid.org/0000-0003-4158-5036, Georgarakos, Dimitris, Japelli, Tullio, Pistaferri, Luigi and van Rooij, Maarten
(2019)
Asymmetric consumption effects of transitory income shocks.
Economic Journal, 129(622),
pp. 2322-2341.
(doi: 10.1093/ej/uez013)
Deuflhard, Florian, Georgarakos, Dimitris and Inderst, Roman (2019) Financial literacy and savings account returns. Journal of the European Economic Association, 17(1), pp. 131-164. (doi: 10.1093/jeea/jvy003)
2017
Bilias, Yannis, Georgarakos, Dimitris and Haliassos, Michael (2017) Has greater stock market participation increased wealth inequality in the US? Review of Income and Wealth, 63(1), pp. 169-188. (doi: 10.1111/roiw.12225)
2015
Christelis, Dimitris ORCID: https://orcid.org/0000-0003-4158-5036, Georgarakos, Dimitris and Jappelli, Tullio
(2015)
Wealth shocks, unemployment shocks and consumption in the wake of the Great Recession.
Journal of Monetary Economics, 72,
pp. 21-41.
(doi: 10.1016/j.jmoneco.2015.01.003)
Georgarakos, Dimitris and Fürth, Sven (2015) Household repayment behavior: The role of social capital and institutional, political, and religious beliefs. European Journal of Political Economy, 37, pp. 249-265. (doi: 10.1016/j.ejpoleco.2014.10.001)
2014
Georgarakos, Dimitris, Haliassos, Michael and Pasini, Giacomo (2014) Household debt and social interactions. Review of Financial Studies, 27(5), pp. 1404-1433. (doi: 10.1093/rfs/hhu014)
Georgarakos, Dimitris (2014) Diversification and asset allocation puzzles. In: Baker, H. Kent and Ricciardi, Victor (eds.) Investor Behavior: The Psychology of Financial Planning and Investing. Wiley: Hoboken, pp. 403-420. ISBN 9781118492987 (doi: 10.1002/9781118813454.ch22)
2013
Christelis, Dimitris ORCID: https://orcid.org/0000-0003-4158-5036 and Georgarakos, Dimitris
(2013)
Investing at home and abroad: different costs, different people?
Journal of Banking and Finance, 37(6),
pp. 2069-2086.
(doi: 10.1016/j.jbankfin.2013.01.019)
Christelis, Dimitris ORCID: https://orcid.org/0000-0003-4158-5036, Georgarakos, Dimitris and Haliassos, Michael
(2013)
Differences in portfolios across countries: economic environment versus household characteristics.
Review of Economics and Statistics, 95(1),
pp. 220-236.
(doi: 10.1162/REST_a_00260)
2011
Georgarakos, Dimitris and Pasini, Giacomo (2011) Trust, sociability, and stock market participation. Review of Finance, 15(4), pp. 693-725. (doi: 10.1093/rof/rfr028)
Christelis, Dimitris ORCID: https://orcid.org/0000-0003-4158-5036, Georgarakos, Dimitris and Haliassos, Michael
(2011)
Stockholding: participation, location, and spillovers.
Journal of Banking and Finance, 35(11),
pp. 1918-1930.
(doi: 10.1016/j.jbankfin.2010.12.012)
2010
Bilias, Yannis, Georgarakos, Dimitris and Haliassos, Michael (2010) Portfolio inertia and stock market fluctuations. Journal of Money, Credit and Banking, 42(4), pp. 715-742. (doi: 10.1111/j.1538-4616.2010.00304.x)
2009
Georgarakos, Dimitris and Tatsiramos, Konstantinos (2009) Entrepreneurship and survival dynamics of immigrants to the U.S. and their descendants. Labour Economics, 16(2), pp. 161-170. (doi: 10.1016/j.labeco.2008.08.006)
Articles
Christelis, Dimitris ORCID: https://orcid.org/0000-0003-4158-5036, Georgarakos, Dimitris, Jappelli, Tullio and Kenny, Geoff
(2025)
Wealth shocks and portfolio choice.
Journal of Monetary Economics, 149,
103632.
(doi: 10.1016/j.jmoneco.2024.103632)
Coibion, Olivier, Georgarakos, Dimitris, Gorodnichenko, Yuriy, Kenny, Geoff and Weber, Michael (2024) The effect of macroeconomic uncertainty on household spending. American Economic Review, 114(3), pp. 645-677. (doi: 10.1257/aer.20221167)
Coibion, Olivier, Georgarakos, Dimitris, Gorodnichenko, Yuriy and Weber, Michael (2023) Forward guidance and household expectations. Journal of the European Economic Association, 21(5), pp. 2131-2171. (doi: 10.1093/jeea/jvad003)
Coibion, Olivier, Georgarakos, Dimitris, Gorodnichenko, Yuriy and van Rooij, Maarten (2023) How does consumption respond to news about inflation? Field evidence from a randomized control trial. American Economic Journal: Macroeconomics, 15(3), pp. 109-152. (doi: 10.1257/mac.20200445)
Georgarakos, Dimitris and Kenny, Geoff (2022) Household spending and fiscal support during the COVID-19 pandemic: Insights from a new consumer survey. Journal of Monetary Economics, 129, S1-S14. (doi: 10.1016/j.jmoneco.2022.02.007) (PMID:35233129) (PMCID:PMC8876095)
Christelis, Dimitris ORCID: https://orcid.org/0000-0003-4158-5036, Georgarakos, Dimitris, Jappelli, Tullio, Pistaferri, Luigi and van Rooij, Maarten
(2021)
Heterogeneous wealth effects.
European Economic Review, 137,
103805.
(doi: 10.1016/j.euroecorev.2021.103805)
Christelis, Dimitris ORCID: https://orcid.org/0000-0003-4158-5036, Ehrmann, Michael and Georgarakos, Dimitris
(2021)
Exploring differences in household debt across the United States and euro area countries.
Journal of Money, Credit and Banking, 53(2-3),
pp. 477-501.
(doi: 10.1111/jmcb.12769)
Christelis, Dimitris ORCID: https://orcid.org/0000-0003-4158-5036, Georgarakos, Dimitris, Jappelli, Tullio and van Rooij, Maarten
(2020)
Trust in the central bank and inflation expectations.
International Journal of Central Banking, 16(6),
pp. 1-37.
Christelis, Dimitris ORCID: https://orcid.org/0000-0003-4158-5036, Georgarakos, Dimitris, Jappelli, Tullio and van Rooij, Maarten
(2020)
Consumption uncertainty and precautionary saving.
Review of Economics and Statistics, 102(1),
pp. 148-161.
(doi: 10.1162/rest_a_00819)
Christelis, Dimitris ORCID: https://orcid.org/0000-0003-4158-5036, Georgarakos, Dimitris and Sanz-de-Galdeano, Anna
(2020)
The impact of health insurance on stockholding: a regression discontinuity approach.
Journal of Health Economics, 69,
102246.
(doi: 10.1016/j.jhealeco.2019.102246)
Christelis, Dimitris ORCID: https://orcid.org/0000-0003-4158-5036, Georgarakos, Dimitris, Japelli, Tullio, Pistaferri, Luigi and van Rooij, Maarten
(2019)
Asymmetric consumption effects of transitory income shocks.
Economic Journal, 129(622),
pp. 2322-2341.
(doi: 10.1093/ej/uez013)
Deuflhard, Florian, Georgarakos, Dimitris and Inderst, Roman (2019) Financial literacy and savings account returns. Journal of the European Economic Association, 17(1), pp. 131-164. (doi: 10.1093/jeea/jvy003)
Bilias, Yannis, Georgarakos, Dimitris and Haliassos, Michael (2017) Has greater stock market participation increased wealth inequality in the US? Review of Income and Wealth, 63(1), pp. 169-188. (doi: 10.1111/roiw.12225)
Christelis, Dimitris ORCID: https://orcid.org/0000-0003-4158-5036, Georgarakos, Dimitris and Jappelli, Tullio
(2015)
Wealth shocks, unemployment shocks and consumption in the wake of the Great Recession.
Journal of Monetary Economics, 72,
pp. 21-41.
(doi: 10.1016/j.jmoneco.2015.01.003)
Georgarakos, Dimitris and Fürth, Sven (2015) Household repayment behavior: The role of social capital and institutional, political, and religious beliefs. European Journal of Political Economy, 37, pp. 249-265. (doi: 10.1016/j.ejpoleco.2014.10.001)
Georgarakos, Dimitris, Haliassos, Michael and Pasini, Giacomo (2014) Household debt and social interactions. Review of Financial Studies, 27(5), pp. 1404-1433. (doi: 10.1093/rfs/hhu014)
Christelis, Dimitris ORCID: https://orcid.org/0000-0003-4158-5036 and Georgarakos, Dimitris
(2013)
Investing at home and abroad: different costs, different people?
Journal of Banking and Finance, 37(6),
pp. 2069-2086.
(doi: 10.1016/j.jbankfin.2013.01.019)
Christelis, Dimitris ORCID: https://orcid.org/0000-0003-4158-5036, Georgarakos, Dimitris and Haliassos, Michael
(2013)
Differences in portfolios across countries: economic environment versus household characteristics.
Review of Economics and Statistics, 95(1),
pp. 220-236.
(doi: 10.1162/REST_a_00260)
Georgarakos, Dimitris and Pasini, Giacomo (2011) Trust, sociability, and stock market participation. Review of Finance, 15(4), pp. 693-725. (doi: 10.1093/rof/rfr028)
Christelis, Dimitris ORCID: https://orcid.org/0000-0003-4158-5036, Georgarakos, Dimitris and Haliassos, Michael
(2011)
Stockholding: participation, location, and spillovers.
Journal of Banking and Finance, 35(11),
pp. 1918-1930.
(doi: 10.1016/j.jbankfin.2010.12.012)
Bilias, Yannis, Georgarakos, Dimitris and Haliassos, Michael (2010) Portfolio inertia and stock market fluctuations. Journal of Money, Credit and Banking, 42(4), pp. 715-742. (doi: 10.1111/j.1538-4616.2010.00304.x)
Georgarakos, Dimitris and Tatsiramos, Konstantinos (2009) Entrepreneurship and survival dynamics of immigrants to the U.S. and their descendants. Labour Economics, 16(2), pp. 161-170. (doi: 10.1016/j.labeco.2008.08.006)
Book Sections
Georgarakos, Dimitris (2014) Diversification and asset allocation puzzles. In: Baker, H. Kent and Ricciardi, Victor (eds.) Investor Behavior: The Psychology of Financial Planning and Investing. Wiley: Hoboken, pp. 403-420. ISBN 9781118492987 (doi: 10.1002/9781118813454.ch22)