Griechenland , Finanzpolitik , Nachhaltigkeit , Eurozone , Regelgebundene Politik
Freie Schlagwörter (Englisch):
Greece , euro area , fiscal policy , policy rules , fiscal sustainability
Abstract:
This paper analyses Greek fiscal sustainability from a retrospective and a prospective view. Implications of Greek fiscal (un)sustainability are discussed. In the empirical analysis econometric testing of Greek government solvency during the period 1985-2008 is combined with a scenario analysis of budgetary adjustments during the period 2011-2030 under alternative hypotheses.
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