The Cost-of-Living Crisis: Impact and Policy Support to Households, Evidence from Micro-Level Data: Greece

February 20, 2024

Preview Citation

Format: Chicago

Shiqing Hua, and Wei Shi. The Cost-of-Living Crisis: Impact and Policy Support to Households, Evidence from Micro-Level Data: Greece, (USA: International Monetary Fund, 2024) accessed December 21, 2024

Summary

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

Publication Details

Pages:

18
Volume:

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DOI:

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Issue:

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Series:

Selected Issues Paper No. 2024/007
Stock No:

SIPEA2024007
ISBN:

9798400265440
ISSN:

2958-7875

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