Unemployment Persistence Mechanisms and Stabilisation Policy: Greece on the Way to EMU

G.D. Demopoulos, Panayotis Th. Kapopoulos and Sophia Lazaretou ()

Athens University of Economics and Business from Athens University of Economics and Business, Department of International and European Economic Studies

Abstract: The unemployment rate in Greece rose from a mere 2.2% in the 1970s to 6.4% in the 1980s and 10% approximately in the mid-1990s. Currently, it gravitates around that level. In this paper we present the stylized facts of unemployment in Greece and examine the causes of its abrupt increse in the early 1980s and 1990s.

Keywords: UNEMPLOYMENT; ECONOMIC INTEGRATION (search for similar items in EconPapers)
JEL-codes: J60 E60 F41 (search for similar items in EconPapers)
Date: Written 1998

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