Resumen de Greek budget realities: : No easy options

Christopher L. House, Linda L. Tesar

• The article presents an analysis regarding the policy trade-offs in Greece using an open-economy model. Topics discussed include the consideration of distortionary taxes for labor, consumption and reductions for the first quarter computing total debt obligations, the dynamics in business cycles using dynamic stochastic general equilibrium (DSGE) by macroeconomic analysts and the labor taxation concerning the labor supply in Greece