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


  • Demopoulos, G.D.
  • Kapopoulos, P.T.
  • Lazaretou, S.


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.

Suggested Citation

  • Demopoulos, G.D. & Kapopoulos, P.T. & Lazaretou, S., 1998. "Unemployment Persistence Mechanisms and Stabilisation Policy: Greece on the Way to EMU," DEOS Working Papers 100, Athens University of Economics and Business.
  • Handle: RePEc:aue:wpaper:100

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    JEL classification:

    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics


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