Beyond austerity : reforming the Greek economy / edited by Costas Meghir, Christopher A. Pissarides, Dimitri Vayanos, and Nikolas Vettas.

Format:

Book

Contributor:

John Lammey Stewart Memorial Library Fund.

Meghir, Costas, editor.

Pissarides, Christopher A., editor.

Vayanos, Dimitri, editor.

Vettas, Nikolaos, editor.

Language:

English

Subjects (All):

Financial crises.

Economic conditions.

Greece--Economic policy--1974-2009.

Greece.

Economic policy.

Greece--Economic conditions--21st century.

Financial crises--Greece.

Economic history.

Physical Description:

x, 720 pages : illustrations ; 24 cm

Place of Publication:

Cambridge, Massachusetts : The MIT Press, [2017]

Summary:

More than eight years after the global financial crisis began, the economy of Greece shows little sign of recovery, and its position in the eurozone seems tenuous. Between 2008 and 2014, incomes in Greece shrank by more than 25 percent, homes lost more than a third of their value, and the unemployment rate reached 27 percent. Most articles on Greece in the media focus on the effects of austerity, repayment of its debt, and its future in the eurozone. In 'Beyond Austerity: Reforming the Greek Economy', leading Greek economists from institutions both within and outside Greece, take a broader and deeper view of the Greek crisis, examining the pathologies that made Greece vulnerable to the crisis and the implications for the entire eurozone. Each chapter takes on a specific policy area, examining it in terms of Greece's economic reality and offering possible directions for policy. The topics range from macroeconomic issues to markets and their regulation to finance to the public sector. Individual chapters address the costs and benefits of participation in the eurozone, Greece's international competitiveness, taxation, pensions, the labor market, privatization, product markets, finance, education, healthcare, corruption, the justice system, and public administration. The contributors argue that Greek institutions require a deep overhaul rather than quick fixes to enable long-term growth and prosperity.

Contents:

Introduction. The Greek economy before and during the crisis

and policy options going forward / Costas Meghir, Christopher A. Pissarides, Dimitri Vayanos, and Nikolaos Vettas

The macroeconomics of the crisis. Greece and the Euro / George-Marios Angeletos and Harris Dellas ; The challenge of trade adjustment in Greece / Costas Arkolakis, Aristos Doxiadis, and Manolis Galenianos

Reforming markets. Product market regulation and competitiveness : toward a national competition and competitiveness policy for Greece / Yannis Katsoulacos, Christos Genakos, and George Houpis ; Privatizations : auction and market design during a crisis / Vasiliki Skreta ; Labor market regulation and reform in Greece / Antigone Lyberaki, Costas Meghir, and Daphne Nicolitsas ; Financial development and the credit cycle in Greece / Michael Haliassos, Gikas Hardouvelis, Margarita Tsoutsoura, and Dimitri Vayanos

Raising standards in education and health. Education and the Greek economy / Nikolaos Vettas ; Reforming health care in Greece : balancing fiscal adjustment with health care needs / Panos Kanavos and Kyriakos Souliotis

Taxation and public transfers. Tax and welfare reform in Greece / Maria Flevotomou, Michael Haliassos, Christos Kotsogiannis, and Costas Meghir ; Pensions : arresting a race to the bottom / Stavros Panageas and Platon Tinios

Law and order and public administration. The Greek justice system : collapse and reform / Elias Papaioannou and Stavroula Karatza ; Thinking about corruption in Greece / Costas Azariadis and Yannis M. Ioannides ; Public administration and the tragic trident : understanding the organizational and structural drivers of the Greek malaise / Michael G. Jacobides ; The dysfunctional structure of the Greek public administration and the challenges in reforming it / Panagiotis Karkatsoulis and Efi Stefopoulou.

Notes:

Includes bibliographical references and index.

Local Notes:

Acquired for the Penn Libraries with assistance from the John Lammey Stewart Memorial Library Fund.

ISBN:

9780262035835

0262035839

OCLC:

985690266

Publisher Number:

99978954840

40027539370