This paper investigates the relation between the rise in external debt and fiscal developments in Greece. We use an … reduction in (non-interest) government expenditure. They also suggest that in the case of Greece there is no further scope for a … steady-state increase in seigniorage revenue. In fact, the inflation rate slightly exceeds the seigniorage-maximizing rate …

the privatization of Greece’s public banks. We focus on two challenges for policy makers: the need to strengthen …

development in Greece, whereby increases in public expenditure, transfers and investment have maintained GDP, but with an …

The paper discusses the process of financial liberalization in Greece and the impact it is likely to have on the … conduct of monetary policy. To examine the effectiveness of exchange rate controls in Greece during periods of intense …

terms of trade. We take this evidence to suggest that the propagation mechanism for business cycles in Greece is fairly …

, output and inflation, and is pivotal for the effects of macroeconomic policies. The model is estimated and tested for the … postwar period, and is used to assess the macroeconomic experience and policy options in Greece. …

in Greece. Using regional public investment data for 10 political periods (1975-2009), combined with electoral data by …

We extend the `rational partisan model' of inflation and unemployment by introducing inflation and unemployment … dynamics. We investigate the case of Greece, which has had a polarized political system and a problem of persistently high … inflation in the last two decades. High inflation can be attributed to the failure of political parties to precommit to price …