Michalis Haliassos

Chair of Macroeconomics and Finance at Goethe University Frankfurt; Director of CEPR Network on Household Finance

Michalis Haliassos holds the Chair of Macroeconomics and Finance at Goethe University Frankfurt. He is Research Fellow of the Centre for Economic Policy Research (CEPR, UK), Founding Director of the CEPR Network on Household Finance (2015- ), and International Research Fellow of NETSPAR (The Netherlands). He is also Adviser to the European Central Bank on the Eurozone Survey of Household Finances and Consumption since its inception in 2006, and has been Adviser to ESMA (2015-17).

Haliassos' research interests lie in macroeconomics and finance with emphasis on household finance, where he has been among the early contributors. He has studied household portfolio choice under labour income risk, stockholding behavior, consumer debt, portfolios of aging households internationally, cultural influences and effects of social interactions on financial behavior, the distribution of wealth, the impact of credit market imperfections, and the role of financial advice. His papers have appeared in leading international journals, including the Review of Financial Studies, Management Science, Review of Economics and Statistics, International Economic Review, Economic Journal, and Review of Finance; and in edited volumes, including the Handbook of Monetary Economics and the New Palgrave Dictionary of Economics and Finance.

Haliassos edited a volume on Financial Innovation: Too Much or Too Little?, which appeared from MIT Press in January 2013 and is now in paperback and on MIT Scholarship online. In 2015, he edited a 3-volume collection of Critical Writings in Household Finance (Edward Elgar), and co-edited a volume on Financial Regulation: A Transatlantic Perspective (Cambridge University Press). A co-edited volume on Capital Markets Union and Beyond is forthcoming from MIT Press. He has also edited two journal special issues on household finance, one for the Review of Finance (2011) and the other for the Journal of Pension Economics and Finance (2015).

Haliassos has coordinated a number of international research projects. Results of a major early project on Household Portfolios, coordinated together with L. Guiso and T. Jappelli, were published by MIT Press in early 2002 and have become a standard reference in household finance. Haliassos has also been involved in policy analysis and advice, with articles and interviews published by major German, Greek, and international press establishments. He has edited, together with Yannis Ioannides (Tufts), Dimitris Vayanos (LSE) and then  Thanasis Stengos (Guelph), the policy blog Greek Economists for Reform. He has served a two-year term on the Panel of the journal Economic Policy (2010-11), and a three-year term as member of the 11-member Greek National Council on Research and Technology (ESET) advising the Greek government on how to fund and promote research and innovation (2010-13).

CEPR Policy Research