Economic Policy Uncertainty in Greece: Measuring Uncertainty for the Greek Macroeconomy

Stilianos Fountas, Panagiota Karatasi and Paraskevi Tzika
Additional contact information
Panagiota Karatasi: University of Macedonia, Greece
Paraskevi Tzika: University of Macedonia, Greece

South-Eastern Europe Journal of Economics, 2018, vol. 16, issue 1, 80-92

Abstract: We constructed the monthly Economic Policy Uncertainty (EPU) index for Greece for the period 1998-2018 using the Baker et al. (2016) methodology. This index is of critical importance for macroeconomic research given the presumed heightened levels of uncertainty in the Greek economy in the context of recent economic and political events. The newly-constructed time series of the uncertainty index is discussed and related to the recent economic and financial crisis in Greece and the Eurozone. Simple statistical analysis highlights the high levels of correlation in economic policy uncertainty between Greece, European countries and the USA. It is also shown that the uncertainty correlation between Greece and Europe is time varying and has become much lower since the onset of the Greek crisis.

Keywords: Economic Policy Uncertainty Index; Greek Economy; European Uncertainty (search for similar items in EconPapers)
JEL-codes: D80 E20 E66 G18 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
http://www.asecu.gr/Seeje/issue30/issue30-fountas-karatasi-tzika.pdf (application/pdf)

Related works:
Working Paper: Economic Policy Uncertainty in Greece: Measuring Uncertainty for the Greek Macroeconomy (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:seb:journl:v:16:y:2018:i:1:p:80-92

Access Statistics for this article

More articles in South-Eastern Europe Journal of Economics from Association of Economic Universities of South and Eastern Europe and the Black Sea Region Contact information at EDIRC.
Bibliographic data for series maintained by Ms. Melina Petromelidou ().