IMF Staff Country Reports

Greece: Selected Issues

June 11, 2003

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Greece: Selected Issues, (USA: International Monetary Fund, 2003) accessed November 21, 2024

Summary

This Selected Issues paper analyzes the major factors that may have contributed to the marked widening of the external current account imbalance in Greece since the mid-1990s, with the deficit reaching one of the highest levels (in relation to GDP) among advanced economies. The factors reviewed include developments in relative cost and other competitiveness indicators, business cycle asynchronization, and idiosyncratic supply shocks and immigration. Potential implications of euro area entry are discussed, in particular the impact of declining interest rates in the context of monetary union.

Subject: Balance of payments, Current account, Current account deficits, Personal income tax, Revenue administration, Social security contributions, Taxes

Keywords: Central Asia, Chapter III, CR, Current account, Current account deficit, Current account deficits, Deficit, Global, Greece, Increase horizontal equity, ISCR, Personal income tax, Social security contributions, Tax burden, Tax rate, Tax recordkeeping

Publication Details

  • Pages:

    50

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2003/157

  • Stock No:

    1GRCEA0022003

  • ISBN:

    9781451816150

  • ISSN:

    1934-7685

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