5 charts that explain Greece's economic crisis

Aug 8, 2016

Greece's drop in output was significantly more severe than any other ‘Trifecta crises’. Image: REUTERS/Jean-Paul Pelissier

Pierre-Olivier Gourinchas

Professor of Economics, University of California, Berkeley and CEPR Research Fellow

Dimitri Vayanos

Professor of Finance and Director, Paul Woolley Centre for the Study of Capital Market Dysfunctionality, LSE

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Output per capita, relative to t-2 (log points), Trifecta crises

Image: Gourinchas et al (2016)

Image: VoxEU

Image: VoxEU

Image: VoxEU

Current account to output ratio counterfactual

Image: VoxEU

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