Fiscal Adjustment in Greece under the Financial Rescue Programme : The Distributional Effects on Greek Households

Sugawara, Naotaka

Publication:
Fiscal Adjustment in Greece under the Financial Rescue Programme : The Distributional Effects on Greek Households

dc.contributor.author	Sugawara, Naotaka
dc.date.accessioned	2013-05-07T19:28:38Z
dc.date.available	2013-05-07T19:28:38Z
dc.date.issued	2011-10-04
dc.description.abstract	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.	en
dc.identifier.citation	Applied Economics Letters
dc.identifier.issn	1350-4851
dc.identifier.uri	http://hdl.handle.net/10986/13324
dc.language.iso	en_US
dc.publisher	Taylor and Francis
dc.relation.ispartofseries	Applied Economics Letters;19(11)
dc.relation.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.rights	CC BY-NC-ND 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subject	distributional effects
dc.subject	fiscal adjustment
dc.subject	household welfare
dc.title	Fiscal Adjustment in Greece under the Financial Rescue Programme : The Distributional Effects on Greek Households	en
dc.type	Journal Article	en
dc.type	Article de journal	fr
dc.type	Artículo de revista	es
dspace.entity.type	Publication
okr.date.disclosure	2012-08-21
okr.doctype	Journal Article
okr.externalcontent	External Content
okr.globalpractice	Macroeconomics and Fiscal Management
okr.globalpractice	Poverty
okr.journal.nbpages	1071-1074
okr.language.supported	en
okr.peerreview	Academic Peer Review
okr.region.country	Greece
okr.relation.associatedurl	http://www.tandfonline.com/doi/abs/10.1080/13504851.2011.613748
okr.topic	Macroeconomics and Economic Growth :: Economic Stabilization
okr.topic	Macroeconomics and Economic Growth :: Fiscal Adjustment
okr.topic	Poverty Reduction :: Equity and Development
okr.topic	Poverty Reduction :: Living Standards
okr.topic	Poverty Reduction :: Pro-Poor Growth
okr.volume	19(11)
relation.isAuthorOfPublication	15ad6511-d287-58b3-a826-22cbb2bd8097