Professor Dimitris Georgarakos
- Professor in Economics (Economics)
Publications
2024
Coibion, O., Georgarakos, D., Gorodnichenko, Y., Kenny, G. and Weber, M. (2024) The effect of macroeconomic uncertainty on household spending. American Economic Review, 114(3), pp. 645-677. (doi: 10.1257/aer.20221167)
2023
Coibion, O., Georgarakos, D., Gorodnichenko, Y. and van Rooij, M. (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)
Coibion, O., Georgarakos, D., Gorodnichenko, Y. and Weber, M. (2023) Forward guidance and household expectations. Journal of the European Economic Association, (doi: 10.1093/jeea/jvad003) (Early Online Publication)
2022
Georgarakos, D. and Kenny, G. (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, D. , Georgarakos, D., Jappelli, T., Pistaferri, L. and van Rooij, M. (2021) Heterogeneous wealth effects. European Economic Review, 137, 103805. (doi: 10.1016/j.euroecorev.2021.103805)
Christelis, D. , Ehrmann, M. and Georgarakos, D. (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, D. , Georgarakos, D., Jappelli, T. and van Rooij, M. (2020) Trust in the central bank and inflation expectations. International Journal of Central Banking, 16(6), pp. 1-37.
Christelis, D. , Georgarakos, D., Jappelli, T. and van Rooij, M. (2020) Consumption uncertainty and precautionary saving. Review of Economics and Statistics, 102(1), pp. 148-161. (doi: 10.1162/rest_a_00819)
Christelis, D. , Georgarakos, D. and Sanz-de-Galdeano, A. (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, D. , Georgarakos, D., Japelli, T., Pistaferri, L. and van Rooij, M. (2019) Asymmetric consumption effects of transitory income shocks. Economic Journal, 129(622), pp. 2322-2341. (doi: 10.1093/ej/uez013)
Deuflhard, F., Georgarakos, D. and Inderst, R. (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, Y., Georgarakos, D. and Haliassos, M. (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, D. , Georgarakos, D. and Jappelli, T. (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, D. and Fürth, S. (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, D., Haliassos, M. and Pasini, G. (2014) Household debt and social interactions. Review of Financial Studies, 27(5), pp. 1404-1433. (doi: 10.1093/rfs/hhu014)
Georgarakos, D. (2014) Diversification and asset allocation puzzles. In: Baker, H. K. and Ricciardi, V. (eds.) Investor Behavior: The Psychology of Financial Planning and Investing. Wiley: Hoboken, pp. 403-420. ISBN 9781118492987 (doi: 10.1002/9781118813454.ch22)
2013
Christelis, D. and Georgarakos, D. (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, D. , Georgarakos, D. and Haliassos, M. (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, D. and Pasini, G. (2011) Trust, sociability, and stock market participation. Review of Finance, 15(4), pp. 693-725. (doi: 10.1093/rof/rfr028)
Christelis, D. , Georgarakos, D. and Haliassos, M. (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, Y., Georgarakos, D. and Haliassos, M. (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, D. and Tatsiramos, K. (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
Coibion, O., Georgarakos, D., Gorodnichenko, Y., Kenny, G. and Weber, M. (2024) The effect of macroeconomic uncertainty on household spending. American Economic Review, 114(3), pp. 645-677. (doi: 10.1257/aer.20221167)
Coibion, O., Georgarakos, D., Gorodnichenko, Y. and van Rooij, M. (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)
Coibion, O., Georgarakos, D., Gorodnichenko, Y. and Weber, M. (2023) Forward guidance and household expectations. Journal of the European Economic Association, (doi: 10.1093/jeea/jvad003) (Early Online Publication)
Georgarakos, D. and Kenny, G. (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, D. , Georgarakos, D., Jappelli, T., Pistaferri, L. and van Rooij, M. (2021) Heterogeneous wealth effects. European Economic Review, 137, 103805. (doi: 10.1016/j.euroecorev.2021.103805)
Christelis, D. , Ehrmann, M. and Georgarakos, D. (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, D. , Georgarakos, D., Jappelli, T. and van Rooij, M. (2020) Trust in the central bank and inflation expectations. International Journal of Central Banking, 16(6), pp. 1-37.
Christelis, D. , Georgarakos, D., Jappelli, T. and van Rooij, M. (2020) Consumption uncertainty and precautionary saving. Review of Economics and Statistics, 102(1), pp. 148-161. (doi: 10.1162/rest_a_00819)
Christelis, D. , Georgarakos, D. and Sanz-de-Galdeano, A. (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, D. , Georgarakos, D., Japelli, T., Pistaferri, L. and van Rooij, M. (2019) Asymmetric consumption effects of transitory income shocks. Economic Journal, 129(622), pp. 2322-2341. (doi: 10.1093/ej/uez013)
Deuflhard, F., Georgarakos, D. and Inderst, R. (2019) Financial literacy and savings account returns. Journal of the European Economic Association, 17(1), pp. 131-164. (doi: 10.1093/jeea/jvy003)
Bilias, Y., Georgarakos, D. and Haliassos, M. (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, D. , Georgarakos, D. and Jappelli, T. (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, D. and Fürth, S. (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, D., Haliassos, M. and Pasini, G. (2014) Household debt and social interactions. Review of Financial Studies, 27(5), pp. 1404-1433. (doi: 10.1093/rfs/hhu014)
Christelis, D. and Georgarakos, D. (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, D. , Georgarakos, D. and Haliassos, M. (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, D. and Pasini, G. (2011) Trust, sociability, and stock market participation. Review of Finance, 15(4), pp. 693-725. (doi: 10.1093/rof/rfr028)
Christelis, D. , Georgarakos, D. and Haliassos, M. (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, Y., Georgarakos, D. and Haliassos, M. (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, D. and Tatsiramos, K. (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, D. (2014) Diversification and asset allocation puzzles. In: Baker, H. K. and Ricciardi, V. (eds.) Investor Behavior: The Psychology of Financial Planning and Investing. Wiley: Hoboken, pp. 403-420. ISBN 9781118492987 (doi: 10.1002/9781118813454.ch22)