Economic Uncertainties and their Impact on Activity in Greece compared with Ireland and Portugal:
Uncertainty faced by households and firms affects economic activity. The rise in uncertainty since the beginning of the sovereign debt crisis in Greece could be one factor that has contributed to the steep and long-lasting recession. This paper presents a brief empirical analysis quantifying this ph...
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| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Paris
OECD Publishing
2014
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Schlagwörter: | |
| Links: | https://doi.org/10.1787/5jz0zb5h7ff2-en |
| Zusammenfassung: | Uncertainty faced by households and firms affects economic activity. The rise in uncertainty since the beginning of the sovereign debt crisis in Greece could be one factor that has contributed to the steep and long-lasting recession. This paper presents a brief empirical analysis quantifying this phenomenon and compares it with developments in Ireland and Portugal. Overall, this analysis shows that the uncertainty impact on growth has been relatively small in Greece between 2008 and 2013, although stronger than in Ireland or Portugal. This quantification appears to be robust to various specification changes of the vector auto regressive models developed for this exercise. This working paper relates to the 2013 Economic Survey of Greece (www.oecd.org/eco/surveys/greece) |
| Umfang: | 1 Online-Ressource (17 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5jz0zb5h7ff2-en |
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| indexdate | 2025-01-11T15:45:59Z |
| institution | BVB |
| language | English |
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| series2 | OECD Economics Department Working Papers |
| spellingShingle | Schneider, Jan-David Economic Uncertainties and their Impact on Activity in Greece compared with Ireland and Portugal Economics Greece Ireland Portugal |
| title | Economic Uncertainties and their Impact on Activity in Greece compared with Ireland and Portugal |
| title_alt | Les incertitudes économiques et leur impact sur l'activité en Grèce comparés avec l'Irlande et le Portugal |
| title_auth | Economic Uncertainties and their Impact on Activity in Greece compared with Ireland and Portugal |
| title_exact_search | Economic Uncertainties and their Impact on Activity in Greece compared with Ireland and Portugal |
| title_full | Economic Uncertainties and their Impact on Activity in Greece compared with Ireland and Portugal Jan-David Schneider and Claude Giorno = Les incertitudes économiques et leur impact sur l'activité en Grèce comparés avec l'Irlande et le Portugal / Jan-David Schneider et Claude Giorno |
| title_fullStr | Economic Uncertainties and their Impact on Activity in Greece compared with Ireland and Portugal Jan-David Schneider and Claude Giorno = Les incertitudes économiques et leur impact sur l'activité en Grèce comparés avec l'Irlande et le Portugal / Jan-David Schneider et Claude Giorno |
| title_full_unstemmed | Economic Uncertainties and their Impact on Activity in Greece compared with Ireland and Portugal Jan-David Schneider and Claude Giorno = Les incertitudes économiques et leur impact sur l'activité en Grèce comparés avec l'Irlande et le Portugal / Jan-David Schneider et Claude Giorno |
| title_short | Economic Uncertainties and their Impact on Activity in Greece compared with Ireland and Portugal |
| title_sort | economic uncertainties and their impact on activity in greece compared with ireland and portugal |
| topic | Economics Greece Ireland Portugal |
| topic_facet | Economics Greece Ireland Portugal |
| url | https://doi.org/10.1787/5jz0zb5h7ff2-en |
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