Fiscal Adjustment in Greece under the Financial Rescue Programme : The Distributional Effects on Greek Households
This article examines the distributional effects of the fiscal adjustment programme in Greece agreed with the European Commission (EC) and the International Monetary Fund (IMF) in 2010. It deals with adjustment measures that are front loaded and directly related to the household welfare: an increase...
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| Format: | Journal Article |
| Language: | en_US |
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Taylor and Francis
2013
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| Online Access: | http://hdl.handle.net/10986/13324 |
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okr-10986-133242021-04-23T14:03:07Z Fiscal Adjustment in Greece under the Financial Rescue Programme : The Distributional Effects on Greek Households Sugawara, Naotaka distributional effects fiscal adjustment household welfare This article examines the distributional effects of the fiscal adjustment programme in Greece agreed with the European Commission (EC) and the International Monetary Fund (IMF) in 2010. It deals with adjustment measures that are front loaded and directly related to the household welfare: an increase in Value-Added Tax (VAT) and excise rates and a reduction in wages and pensions. Analysing these two effects reveals that the programme decreases the welfare of all households in Greece but that the adverse effects of the adjustment are mitigated in favour of the poor. 2013-05-07T19:28:38Z 2013-05-07T19:28:38Z 2011-10-04 Journal Article Applied Economics Letters 1350-4851 http://hdl.handle.net/10986/13324 en_US Applied Economics Letters;19(11) http://creativecommons.org/licenses/by-nc-nd/3.0/igo CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank Taylor and Francis Journal Article Greece |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
en_US |
| topic |
distributional effects fiscal adjustment household welfare |
| spellingShingle |
distributional effects fiscal adjustment household welfare Sugawara, Naotaka Fiscal Adjustment in Greece under the Financial Rescue Programme : The Distributional Effects on Greek Households |
| geographic_facet |
Greece |
| relation |
Applied Economics Letters;19(11) |
| description |
This article examines the distributional effects of the fiscal adjustment programme in Greece agreed with the European Commission (EC) and the International Monetary Fund (IMF) in 2010. It deals with adjustment measures that are front loaded and directly related to the household welfare: an increase in Value-Added Tax (VAT) and excise rates and a reduction in wages and pensions. Analysing these two effects reveals that the programme decreases the welfare of all households in Greece but that the adverse effects of the adjustment are mitigated in favour of the poor. |
| format |
Journal Article |
| author |
Sugawara, Naotaka |
| author_facet |
Sugawara, Naotaka |
| author_sort |
Sugawara, Naotaka |
| title |
Fiscal Adjustment in Greece under the Financial Rescue Programme : The Distributional Effects on Greek Households |
| title_short |
Fiscal Adjustment in Greece under the Financial Rescue Programme : The Distributional Effects on Greek Households |
| title_full |
Fiscal Adjustment in Greece under the Financial Rescue Programme : The Distributional Effects on Greek Households |
| title_fullStr |
Fiscal Adjustment in Greece under the Financial Rescue Programme : The Distributional Effects on Greek Households |
| title_full_unstemmed |
Fiscal Adjustment in Greece under the Financial Rescue Programme : The Distributional Effects on Greek Households |
| title_sort |
fiscal adjustment in greece under the financial rescue programme : the distributional effects on greek households |
| publisher |
Taylor and Francis |
| publishDate |
2013 |
| url |
http://hdl.handle.net/10986/13324 |
| _version_ |
1764423193094782976 |