How to Handle the Fiscal Crisis in Greece: Empirical Evidence Based on a Survey of Economic Experts

Martin Mosler, Niklas Potrafke and Markus Reischmann ()

Fiscal Studies, 2019, vol. 40, issue 3, 375-399

Abstract: We asked economic experts polled by the CESifo World Economic Survey how to handle the fiscal crisis in Greece in the year 2015. The sample includes about 850 experts from 110 countries. We find systematic differences in experts’ recommendations. Our results suggest that policy advice is related to an expert's personal and country‐level attributes. Country‐level characteristics, especially credit default swaps as a measure of fiscal stability, predict views on whether Greece should exit the eurozone. An expert's educational background, age and professional affiliation predict opinions on the credit programmes of the International Monetary Fund. We propose that policymakers who seek balanced policy advice should consult experts from different countries and personal backgrounds.

Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://doi.org/10.1111/1475-5890.12197

Related works:
Working Paper: How to Handle the Fiscal Crisis in Greece? Empirical Evidence Based on a Survey of Economic Experts (2019)
Working Paper: How to Handle the Fiscal Crisis in Greece? Empirical Evidence Based on a Survey of Economic Experts (2019)
Working Paper: How to Handle the Fiscal Crisis in Greece: Empirical Evidence Based on a Survey of Economic Experts (2019)
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:wly:fistud:v:40:y:2019:i:3:p:375-399

Access Statistics for this article

More articles in Fiscal Studies from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().