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240607 ||| eng |
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|a 9798400263941
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245 |
0 |
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|a Greece
|b Selected Issues
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2024
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300 |
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|a 48 pages
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651 |
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4 |
|a Greece
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653 |
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|a Income
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653 |
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|a Real Estate
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653 |
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|a Banks
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653 |
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|a Finance
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653 |
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|a Industries: Financial Services
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653 |
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|a Deflation
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653 |
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|a Mortgages
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653 |
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|a Housing; Prices
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653 |
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|a National accounts
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653 |
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|a International organization
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653 |
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|a Economics of specific sectors
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653 |
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|a Informal Economy
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653 |
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|a Property & real estate
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653 |
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|a International institutions
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653 |
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|a Consumption; Economics
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653 |
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|a International Economics
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653 |
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|a Macroeconomics
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653 |
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|a Real estate prices
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653 |
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|a International Agreements and Observance
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653 |
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|a Depository Institutions
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653 |
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|a Inflation
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653 |
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|a International Organizations
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653 |
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|a Information technology industries
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653 |
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|a Monetary economics
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653 |
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|a International agencies
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653 |
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|a Micro Finance Institutions
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653 |
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|a Informal sector; Economics
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653 |
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|a Aggregate Factor Income Distribution
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653 |
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|a Economic sectors
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653 |
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|a Price Level
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653 |
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|a Informal economy
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653 |
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|a Purchasing power
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653 |
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|a Prices
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653 |
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|a Real Estate Markets, Spatial Production Analysis, and Firm Location: General
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653 |
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|a Monetary policy
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653 |
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|a Underground Econom
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653 |
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|a Monetary Policy
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653 |
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|a Money and Monetary Policy
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710 |
2 |
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|a International Monetary Fund
|b European Dept
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041 |
0 |
7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
0 |
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|a IMF Staff Country Reports
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028 |
5 |
0 |
|a 10.5089/9798400263941.002
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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
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0 |
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|a 330
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520 |
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|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
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