Fiscal adjustment in Greece: In search for sustainable public finances

This paper analyses Greek fiscal sustainability from a retrospective and a prospective view. Implications of Greek fiscal (un)sustainability are discussed. In the empirical analysis econometric testing of Greek government solvency during the period 1985-2008 is combined with a scenario analysis of budgetary adjustments during the period 2011-2030 under alternative hypotheses.

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Year of publication:	2011
Authors:	van Aarle, Bas ; Kappler, Marcus
Institutions:	Zentrum für Europäische Wirtschaftsforschung (ZEW)
Subject:	Greece \| euro area \| fiscal policy \| policy rules \| fiscal sustainability

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Extent:	application/pdf
Series:	ZEW Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 11-080
Classification:	F31 - Foreign Exchange ; F41 - Open Economy Macroeconomics ; G15 - International Financial Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009646607