## Greece: Selected Issues

_IMF Staff Country Reports, January 24, 2024_

## Source details

**Canonical URL:** [Greece: Selected Issues](https://www.imf.org/en/publications/cr/issues/2024/01/23/greece-selected-issues-544034)

## Other formats

- [Markdown version](/en/publications/cr/issues/2024/01/23/greece-selected-issues-544034/index.md)
- [Structured JSON version](/en/publications/cr/issues/2024/01/23/greece-selected-issues-544034/index.json)
- [Bundle manifest](/en/publications/cr/issues/2024/01/23/greece-selected-issues-544034/bundle-manifest.json)

## Bibliographic details
- Published: January 24, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400263941.002

---

### Main focus
- 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.

### Key findings
- 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.

### Policy implications and recommendations
- 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.

---

## Content in this bundle

- **Greece: Selected Issues; IMF Country Report No. 24/24; December 15, 2023**
  - [Greece: Selected Issues; IMF Country Report No. 24/24; December 15, 2023 (Markdown version)](/-/media/files/publications/cr/2024/english/1grcea2024002.pdf.md){rel="alternate" type="text/markdown"}
  - [Greece: Selected Issues; IMF Country Report No. 24/24; December 15, 2023 (PDF)](/-/media/files/publications/cr/2024/english/1grcea2024002.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2024/01/23/greece-selected-issues-544034_