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Autor:innen: 
Erscheinungsjahr: 
2014
Schriftenreihe/Nr.: 
CESifo Working Paper No. 4995
Verlag: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Zusammenfassung: 
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.
Schlagwörter: 
macroeconomics
Greece
euro
JEL: 
B22
E00
F40
Dokumentart: 
Working Paper
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