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008 240607 ||| eng
020 |a 9798400263941 
245 0 0 |a Greece  |b Selected Issues 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2024 
300 |a 48 pages 
651 4 |a Greece 
653 |a Income 
653 |a Real Estate 
653 |a Banks 
653 |a Finance 
653 |a Industries: Financial Services 
653 |a Deflation 
653 |a Mortgages 
653 |a Housing; Prices 
653 |a National accounts 
653 |a International organization 
653 |a Economics of specific sectors 
653 |a Informal Economy 
653 |a Property & real estate 
653 |a International institutions 
653 |a Consumption; Economics 
653 |a International Economics 
653 |a Macroeconomics 
653 |a Real estate prices 
653 |a International Agreements and Observance 
653 |a Depository Institutions 
653 |a Inflation 
653 |a International Organizations 
653 |a Information technology industries 
653 |a Monetary economics 
653 |a International agencies 
653 |a Micro Finance Institutions 
653 |a Informal sector; Economics 
653 |a Aggregate Factor Income Distribution 
653 |a Economic sectors 
653 |a Price Level 
653 |a Informal economy 
653 |a Purchasing power 
653 |a Prices 
653 |a Real Estate Markets, Spatial Production Analysis, and Firm Location: General 
653 |a Monetary policy 
653 |a Underground Econom 
653 |a Monetary Policy 
653 |a Money and Monetary Policy 
710 2 |a International Monetary Fund  |b European Dept 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Staff Country Reports 
028 5 0 |a 10.5089/9798400263941.002 
856 4 0 |u https://elibrary.imf.org/view/journals/002/2024/024/002.2024.issue-024-en.xml?cid=544034-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a This Selected Issues paper focuses on the impact and policy support to households, evidence from micro-level data in Greece. The Greek government has provided substantial support to households and enterprises to cope with the high cost of living in 2022–2023. This paper leverages on the rich micro-level data on household consumption in Household Budget Survey to study the distributional impact of price increases. It finds that low-income households and households living in sparsely populated areas and/or relying more on secondary source of income have faced higher loss of purchasing power, despite significant heterogeneity even within narrowly defined household groups. Policy simulations suggest that targeted support measures tailored to the recipients’ needs would effectively mitigate the vulnerable households’ income loss. Categorical programs that aim at a certain group of households without income criteria could also alleviate the cost-of-living pressures, but less effectively