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

The Greek government has provided substantial support to households to cope with the high cost of living in 2022–2023.
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Volume/Issue: Volume 2024 Issue 007
Publication date: February 2024
ISBN: 9798400265440
$15.00
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Topics covered in this book

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Inflation , Economics- Macroeconomics , Money and Monetary Policy , International - Economics , Inflation , distributional impact , fiscal policy , Policy simulation , policy support , household consumption indicator , support measure , level data , Income , Household consumption , Purchasing power , Consumption

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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.

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