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]
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Official URL: http://www.ceps.be/book/why-greek-economy-collapsi...
Abstract
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.
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| Item Type: | Policy Paper |
|---|---|
| Subjects for non-EU documents: | Countries > Greece EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance |
| Subjects for EU documents: | UNSPECIFIED |
| EU Series and Periodicals: | UNSPECIFIED |
| EU Annual Reports: | UNSPECIFIED |
| Series: | Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries |
| Depositing User: | Phil Wilkin |
| Official EU Document: | No |
| Language: | English |
| Date Deposited: | 10 Jan 2013 16:58 |
| Number of Pages: | 5 |
| Last Modified: | 10 Jan 2013 16:58 |
| URI: | http://aei.pitt.edu/id/eprint/38916 |
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