Publication
21 Dec 2012
This brief summary tackles the question of why Greece is still in recession. It argues that often two very important factors are overlooked: a large multiplier and a bad export performance. When combined with the need for large fiscal adjustment, these help to explain how fiscal consolidation in Greece has been associated with such a large drop in GDP.
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English (PDF, 5 pages, 535 KB) |
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Author | Cinzia Alcidi, Daniel Gros |
Series | CEPS Commentaries |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2012 Centre for European Policy Studies (CEPS) |