Professor Dimitris Georgarakos
- Professor in Economics (Economics)
Publications
2024
Christelis, D. , Georgarakos, D., Jappelli, T. and Kenny, G. (2024) Wealth shocks and portfolio choice. Journal of Monetary Economics, (doi: 10.1016/j.jmoneco.2024.103632) (In Press)
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
Christelis, D. , Georgarakos, D., Jappelli, T. and Kenny, G. (2024) Wealth shocks and portfolio choice. Journal of Monetary Economics, (doi: 10.1016/j.jmoneco.2024.103632) (In Press)
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)