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Dr Marika Karanassou



Telephone: +44 20 7882 6138
Room Number: GC404


Research keywords: Macroeconomics, Political Economy, Econometrics and Quantitative Methods.

Marika Karanassou is a Reader in Economics at Queen Mary University of London, specialising in macroeconomic analysis.

Her research focuses on dynamic macro-labour models with spill over effects, the evaluation of the inflation-unemployment trade off, and the identification of the factors which jointly drive these central macro variables. The theoretical and empirical models of her work draw a new line of research and her results challenge the macroeconomic consensus on two major fronts: (i) the interplay of dynamics and growth in labour market models questions the prevailing wisdom of the natural rate of unemployment, and (ii) the existence of a downward-sloping Phillips curve points against the classical dichotomy doctrine.

She also writes about the current state of the crisis-prone market economy in "Warrant Economics, Call-Put Policy Options and the Fallacies of Economic Theory". She further examines the Eurozone’s malaise under the institutional Call-Put Options prism.

Marika is a Research Fellow at IZA, Bonn, and a member of the Higher Education Academy. She received her PhD in economics from Birkbeck College, University of London, and her BSc from the Athens University of Economics and Business.



  • Hatgioannides J., Karanassou M. (2014) "Warrant Economics, Call-Put Policy Options and the Great Recession", Review of Political Economy.
  • Bande R., Karanassou M. (2013) "Spanish Regional Unemployment Revisited: The Role of Capital Accumulation", Regional Studies, DOI: 10.1080/00343404.2013.779657
  • Karanassou M., Sala H. (2012) "Inequalities and Employment Sensitivities to the Falling Labour Share", The Economic and Social Review, 43, 343-376.
  • Karanassou M., Sala H., Snower DJ. (2010) "Phillips Curves and Unemployment Dynamics: A Critique and a Holistic Perspective", Journal of Economic Surveys, 24, 1-51.
  • Karanassou M., Sala H., Salvador PF. (2008) "Capital Accumulation and Unemployment: New Insights on the Nordic Experience", Cambridge Journal of Economics, 32, 977-1001.
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