{
  "title": "Greece: Selected Issues",
  "publication": "IMF Staff Country Reports, January 24, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2024/01/23/greece-selected-issues-544034",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Main focus",
      "content": "- The paper examines the impact of price increases on households in Greece and the effectiveness of policy support, using micro-level Household Budget Survey data.\n- Timeframe of policy context: support to households and enterprises to cope with the high cost of living in 2022–2023."
    },
    {
      "heading": "Key findings",
      "content": "- Low-income households have faced higher loss of purchasing power.\n- Households living in sparsely populated areas have faced higher loss of purchasing power.\n- Households that rely more on secondary sources of income have faced higher loss of purchasing power.\n- There is significant heterogeneity in purchasing-power loss even within narrowly defined household groups.\n- Policy simulations indicate targeted support measures tailored to recipients’ needs would effectively mitigate vulnerable households’ income loss.\n- Categorical programs that aim at a certain group of households without income criteria could alleviate cost-of-living pressures, but less effectively."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Prioritize targeted support measures tailored to household needs to more effectively mitigate income loss among vulnerable households.\n- Recognize that categorical programs without income criteria can provide relief but are less efficient than targeted approaches.\n- Use micro-level household consumption data (Household Budget Survey) to design and calibrate policy responses that account for heterogeneity across and within household groups.\n\n---\n\n Content in this bundle\n\n- Greece: Selected Issues; IMF Country Report No. 24/24; December 15, 2023\n  - Greece: Selected Issues; IMF Country Report No. 24/24; December 15, 2023 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Greece: Selected Issues; IMF Country Report No. 24/24; December 15, 2023 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "[Markdown version](/en/publications/cr/issues/2024/01/23/greece-selected-issues-544034/index.md)",
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    "Published: January 24, 2024",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400263941.002",
    "The paper examines the impact of price increases on households in Greece and the effectiveness of policy support, using micro-level Household Budget Survey data.",
    "Timeframe of policy context: support to households and enterprises to cope with the high cost of living in 2022–2023.",
    "Low-income households have faced higher loss of purchasing power.",
    "Households living in sparsely populated areas have faced higher loss of purchasing power.",
    "Households that rely more on secondary sources of income have faced higher loss of purchasing power.",
    "There is significant heterogeneity in purchasing-power loss even within narrowly defined household groups.",
    "Policy simulations indicate targeted support measures tailored to recipients’ needs would effectively mitigate vulnerable households’ income loss.",
    "Categorical programs that aim at a certain group of households without income criteria could alleviate cost-of-living pressures, but less effectively.",
    "Prioritize targeted support measures tailored to household needs to more effectively mitigate income loss among vulnerable households.",
    "Recognize that categorical programs without income criteria can provide relief but are less efficient than targeted approaches.",
    "Use micro-level household consumption data (Household Budget Survey) to design and calibrate policy responses that account for heterogeneity across and within household groups.",
    "**Greece: Selected Issues; IMF Country Report No. 24/24; December 15, 2023**"
  ],
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      "title": "Greece: Selected Issues; IMF Country Report No. 24/24; December 15, 2023",
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