THE FISCAL POLICY OF GREECE AND ITS MACROECONOMIC PERFORMANCE WITHIN THE FRAMEWORK OF THE EUROPEAN ECONOMIC UNION
Abstract
This study aims to approach Greece's fiscal policy and its macroeconomic performance within the framework of the European Economic Union. In economics and political science fiscal and monetary policy are the basic tools used by the government and the central bank of a country respectively for the effective exercise of power, the promotion of economic goals, and the economic development of the country. The methodology followed was the review of international and domestic literature and the econometric analysis in the form of multiple linear regression between the GDP as a dependent variable and the remaining fundamental macroeconomic variables as independent variables for Greece for the period 1995-2022. The results can contribute to drawing useful conclusions about the effect of the main macroeconomic variables in particular inflation, unemployment, public debt, government expenditure, and total tax revenues on the Greek GDP.
JEL: Ε62; Η5; Η6; Ο11; Ο23
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Webography
Country Economy, https://countryeconomy.com/government/expenditure/greece
Eurostat, https://ec.europa.eu/eurostat
International Monetary Fund, https://www.imf.org/en/Home
OECD, https://stats.oecd.org/Index.aspx?DataSetCode=REVGRC
Statista, https://www.statista.com/statistics/263576/gross-domestic-product-gdp-in-greece/
DOI: http://dx.doi.org/10.46827/ejefr.v8i1.1632
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