Why is the Greek economy collapsing? A simple tale of high multipliers and low exports. CEPS Commentary, 21 December 2012
| Data(s) |
01/12/2012
|
|---|---|
| Resumo |
In an attempt to understand why the Greek economy is collapsing, this Commentary points out two key aspects that are often overlooked – the country’s large multiplier and a bad export performance. When combined with the need for a large fiscal adjustment, these factors help explain how fiscal consolidation in Greece has been associated with such a large drop in GDP. |
| Formato |
application/pdf |
| Identificador |
http://aei.pitt.edu/38916/1/AC_%26_DG_Greek_Multipliers_%26_Exports[1].pdf Alcidi, Cinzia. and Gros, Daniel. (2012) Why is the Greek economy collapsing? A simple tale of high multipliers and low exports. CEPS Commentary, 21 December 2012. [Policy Paper] |
| Relação |
http://www.ceps.be/book/why-greek-economy-collapsing-simple-tale-high-multipliers-and-low-exports http://aei.pitt.edu/38916/ |
| Palavras-Chave | #Greece #financial crisis 2008-on/reforms/economic governance |
| Tipo |
Policy Paper NonPeerReviewed |
