Nikolaos Koutounidis
Nikolaos Koutounidis

PhD in Economics

About Me

In September 2026 I join the Netherlands Bureau for Economic Policy Analysis (Centraal Planbureau, CPB) in The Hague as Scientific Staff (wetenschappelijk medewerker), after completing my PhD in Economics at Ghent University. My research maps aggregate shocks into household decisions and regional outcomes, guided by a micro-to-macro approach that combines large-scale administrative data and causal inference. My job-market paper reveals a stark split in how U.S. households restructure debt after income windfalls.

My work bridges academic rigor with real-world application, drawing on my experience as an Economist in Residence at BNP Paribas Fortis, and as a risk analyst and market operations trainee at the European Central Bank, where I gained firsthand insight into monetary policy implementation. These roles were instrumental in securing the innovative industry partnerships that define my doctoral work. I strive to publish open, reproducible tools to support my research.

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Interests
  • Empirical Macroeconomics
  • Household Economics & Finance
  • Energy Economics (Oil & Gas)
  • Regional Economics
Education
  • PhD in Economics (expected)

    Ghent University, BE

  • Visiting Scholar Opportunity Insights

    Harvard University, US

  • Visiting Student at Darden School

    University of Virginia, US

  • M.Sc. in Economics and Business

    Erasmus University Rotterdam, NL

  • B.Sc. in Economics

    University of Macedonia, GR

Job Market Paper
(2026). The heterogeneous reactions of household credit to income shocks.
Publications
(2025). Assessing the heterogeneous impact of COVID-19 on consumption using bank transactions. Journal of Macroeconomics, 84, 103677
(2017). On the stability of the CAPM before and after the financial crisis: Panel evidence from the Johannesburg Securities Exchange. African Review of Economics and Finance, 9(1)
Work in Progress
(2026). When Wealth Taxes Don't Bite: Behavioural Responses to the Belgian Asset-Specific Wealth Tax.