Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/103085
Authors: 
Arghyrou, Michael G.
Year of Publication: 
2014
Series/Report no.: 
CESifo Working Paper 4995
Abstract: 
We use a macro-theory framework of analysis to assess Greek macro-policy with emphasis on the period of the Greek debt crisis. The latter is mainly the result of misguided past internal policies deviating from the policy lessons of modern macroeconomics. The current policy, however, provides a credible platform for sustainable growth. Greece has entered the process of economic recovery but this is fragile and exposed to risks. We conclude that although a country's currency is not per-se determining growth, supply-side reforms and institutional performance are; and for Greece both are better served within the EMU rather than outside.
Subjects: 
macroeconomics
Greece
euro
JEL: 
B22
E00
F40
Document Type: 
Working Paper

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