Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/213583
Authors: 
Mosler, Martin
Potrafke, Niklas
Reischmann, Markus Josef
Year of Publication: 
2019
Series/Report no.: 
ifo Working Paper No. 306
Abstract: 
We asked economic experts polled by the CESifo World Economic Survey how to handle the fiscal crisis in Greece in the year 2015. The sample includes about 850 experts from 110 countries. We find systematic differences in experts' recommendations. Our results suggest that policy advice is related to an expert's personal and country-level attributes. Country-level characteristics, especially credit default swaps as a measure of fiscal stability, predict views on whether Greece should exit the eurozone. An expert's educational background, age and professional affiliation predict opinions on the credit programs of the International Monetary Fund. We propose that policymakers who seek balanced policy advice should consult experts from different countries and personal backgrounds.
Subjects: 
Greece
Grexit
experts' survey
public debt crisis
IMF
internationalorganizations
policy advice
JEL: 
H63
C83
H12
F53
E42
F45
D72
Document Type: 
Working Paper

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