- Additional Authors
- Giorno, Claude.
- Description
- 18 p.; 21 x 29.7cm.
- Summary
- 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)
- Series Statement
- OECD Economics Department Working Papers, 1815-1973 ; no.1151
- Uniform Title
- OECD Economics Department Working Papers, no.1151.
- Subject
- LCCN
- 10.1787/5jz0zb5h7ff2-en
- OCLC
- oecd-lib
- Author
Schneider, Jan-David.
- Title
Economic Uncertainties and their Impact on Activity in Greece compared with Ireland and Portugal [electronic resource] / Jan-David Schneider and Claude Giorno
- Imprint
Paris : OECD Publishing, 2014.
- Series
OECD Economics Department Working Papers, 1815-1973 ; no.1151
OECD Economics Department Working Papers, 1815-1973 ; no.1151.
- Connect to:
- Indexed Term
Economics
Greece
Ireland
Portugal
- Added Author
Giorno, Claude.
- Other Standard Identifier
10.1787/5jz0zb5h7ff2-en doi