Beyond austerity :reforming the Greek economy

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Beyond austerity :reforming the Greek economy

Meghir, Costas, - Personal Name; Pissarides, Christopher A., - Personal Name; Vayanos, Dimitri, - Personal Name; Vettas, Nikolaos, - Personal Name;

More than eight years after the global financial crisis began, the economy of Greece shows little sign of recovery, and its position in the eurozone seems tenuous. Between 2008 and 2014, incomes in Greece shrank by more than 25 percent, homes lost more than a third of their value, and the unemployment rate reached 27 percent. Most articles on Greece in the media focus on the effects of austerity, repayment of its debt, and its future in the eurozone. In 'Beyond Austerity: Reforming the Greek Economy', leading Greek economists from institutions both within and outside Greece, take a broader and deeper view of the Greek crisis, examining the pathologies that made Greece vulnerable to the crisis and the implications for the entire eurozone. Each chapter takes on a specific policy area, examining it in terms of Greece's economic reality and offering possible directions for policy. The topics range from macroeconomic issues to markets and their regulation to finance to the public sector.0Individual chapters address the costs and benefits of participation in the eurozone, Greece's international competitiveness, taxation, pensions, the labor market, privatization, product markets, finance, education, healthcare, corruption, the justice system, and public administration. The contributors argue that Greek institutions require a deep overhaul rather than quick fixes to enable long-term growth and prosperity.OCLC-licensed vendor bibliographic record.

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Series Title: -
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Publisher: : The MIT Press., 2017
Collation: 1 online resource (x, 720 pages) :illustrations
Language: English
ISBN/ISSN: 9780262339216
Classification: NONE
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Subject(s): Greece
Financial Crises
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Statement of Responsibility: edited by Costas Meghir, Christopher A. Pissarides, Dimitri Vayanos and Nikolaos Vettas.

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Cataloger: arin
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Digital Object Identifier (DOI): https://doi.org/10.7551/mitpress/10082.001.0001
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