000			01654nab a2200301 c 4500
999			_c148393 _d148393
003			ES-MaIEF
005			20231030095700.0
007			ta
008			231030t2023 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100			_953717 _aChodorow Reich, Gabriel
245		4	_aThe macroeconomics of the Greek depression _c Gabriel Chodorow-Reich, Loukas Karabarbounis and Rohan Kekre
500			_aResumen.
504			_aBibliografía.
520			_aGreece experienced a boom until 2007, followed by a collapse of unprecedented magnitude and persistence. We assess the sources of the boom and the bust, using a rich estimated dynamic general equilibrium model. External demand and government consumption fueled the boom in production, whereas transfers fueled the boom in consumption. Different from the standard narrative, wages and prices declined substantially during the bust. Tax policy accounts for the largest fraction of the bust in production, whereas uninsurable risk accounts for the bust in consumption and wages. We assess how the composition of fiscal adjustment and bailouts affected the crisis.
650		4	_941525 _aCRISIS ECONOMICAS
650		4	_948198 _aRECESIONES ECONOMICAS
650		4	_aPOLITICA FISCAL _948067
650		4	_aAHORRO _99340
650		4	_948349 _aSALARIOS
650		4	_aCONSUMO _940658
650		4	_942096 _aGRECIA
650		4	_925837 _aANALISIS MACROECONOMICO
700			_954036 _aKarabarbounis, Loukas
700	1		_971108 _aKekre, Rohan
773	0		_9170508 _oOP 234/2023/9 _tThe American Economic Review _w(IEF)103372 _x 0002-8282 _g v. 113, n. 9, September 2023, p. 2411-2457
942			_cART