Greece: Selected Issues

June 11, 2003

Preview Citation

Format: Chicago

Greece: Selected Issues, (USA: International Monetary Fund, 2003) accessed September 19, 2024

Summary

This Selected Issues paper analyzes the major factors that may have contributed to the marked widening of the external current account imbalance in Greece since the mid-1990s, with the deficit reaching one of the highest levels (in relation to GDP) among advanced economies. The factors reviewed include developments in relative cost and other competitiveness indicators, business cycle asynchronization, and idiosyncratic supply shocks and immigration. Potential implications of euro area entry are discussed, in particular the impact of declining interest rates in the context of monetary union.

Subject: Balance of payments, Current account, Current account deficits, Personal income tax, Revenue administration, Social security contributions, Taxes

Keywords: Central Asia, Chapter III, CR, Current account, Current account deficit, Current account deficits, Deficit, Global, Greece, Increase horizontal equity, ISCR, Personal income tax, Social security contributions, Tax burden, Tax rate, Tax recordkeeping

Publication Details

Pages:

50
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/157
Stock No:

1GRCEA0022003
ISBN:

9781451816150
ISSN:

1934-7685

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