How to Handle the Fiscal Crisis in Greece? Empirical Evidence Based on a Survey of Economic Experts
Martin Mosler (),
Niklas Potrafke () and
Markus Reischmann ()
No 7777, CESifo Working Paper Series from CESifo
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 programs of the International Monetary Fund. We propose that policymakers who seek balanced policy advice should consult experts from different countries and personal backgrounds.
Keywords: Greece; Grexit; experts’ survey; public debt crisis; IMF; international organizations; policy advice (search for similar items in EconPapers)
JEL-codes: H63 C83 H12 F53 E42 F45 D72 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
Journal Article: 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)
Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_7777
Access Statistics for this paper
More papers in CESifo Working Paper Series from CESifo Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().