Apergis, Nicholas; Panethimitakis, Alexandros - In: International Journal of Economics and Business Research 3 (2011) 2, pp. 147-165
This study addresses stylised facts of the Greek economy over the period 1960–2005. The findings convey the procyclicality of consumption. Consumption is shown to be less volatile but investment and government expenses are shown to be more volatile than income. Prices are countercyclical,...
