European Union

5 charts that explain Greece's economic crisis

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

Thomas Philippon

Researcher, Stern School of Business

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)
 Decomposition of output
Image: VoxEU
 Output counterfactual
Image: VoxEU
 Investment Counterfactual
Image: VoxEU
 Current account to output ratio counterfactual
Image: VoxEU
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Related topics:
European UnionFinancial and Monetary SystemsInequality
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