Selected Issues Papers

The Cost-of-Living Crisis: Impact and Policy Support to Households, Evidence from Micro-Level Data: Greece

Author/Editor:

Shiqing Hua ; Wei Shi

Publication Date:

February 20, 2024

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The Greek government has provided substantial support to households to cope with the high cost of living in 2022–2023. This paper leverages on the rich micro-level data on household consumption in the Household Budget Survey to study the distributional impact of price increases. Policy simulations suggest that targeted support measures tailored to the recipients’ needs remain the most effective way to mitigate the vulnerable households’ income loss.

Series:

Selected Issues Paper No. 2024/007

Subject:

Consumption Household consumption Income Inflation International organization Monetary policy National accounts Prices Purchasing power

Frequency:

Regular