The unemployment effects of fiscal policy: Recent evidence from Greece

Artikel

This paper investigates the unemployment effects of fiscal policy in Greece based on the SVAR methodology. We find evidence that the unemployment and growth effects can be quite sizeable in case of cuts in government purchases and in particular government consumption and to a lesser extent government investment. Tax hikes reduce output and increase unemployment, in particular those leading to higher implicit direct and indirect tax rates. The impact effects of fiscal policy on output and unemployment are more sizeable when considering recent year developments. Both output and unemployment respond in a more persistent manner, compared to pre-crisis years.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: IZA Journal of European Labor Studies ; ISSN: 2193-9012 ; Volume: 2 ; Year: 2013 ; Pages: 1-32 ; Heidelberg: Springer

Classification and Topics

• Classification: Wirtschaft
• Subject: Government spending ; Implicit tax rates ; Unemployment ; Output

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Tagkalakis, Athanasios O.
• Event: Veröffentlichung
• (who): Springer
• (where): Heidelberg
• (when): 2013

Further information

• DOI: doi:10.1186/2193-9012-2-11
• Handle: http://hdl.handle.net/10419/92308
• Last update: 10.03.2025, 11:43 AM CET