The Cost-of-Living Crisis: Impact and Policy Support to Households, Evidence from Micro-Level Data: Greece
February 20, 2024
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
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.
Subject: Consumption, Household consumption, Income, Inflation, International organization, Monetary policy, National accounts, Prices, Purchasing power
Keywords: Consumption, distributional impact, fiscal policy, Household consumption, household consumption indicator, Income, Inflation, level data, Policy simulation, policy support, Purchasing power, support measure
Pages:
18
Volume:
2024
DOI:
Issue:
007
Series:
Selected Issues Paper No. 2024/007
Stock No:
SIPEA2024007
ISBN:
9798400265440
ISSN:
2958-7875
