Papadimitriou, D., Zezza, G., Nikiforos, M., (2013), “A Levy Institute Model for Greece”, Levy Institute.
In this report, we present the main characteristics of a stock-flow consistent model for Greece, estimated on quarterly data over the last 30 years and built to provide us with a “tool for thinking,” in the words of Wynne Godley (the architect of such models), to explore the implications of alternative policy options for the Greek economy. This report focuses on the technical structure of the model, which will be used in subsequent Strategic Analysis reports for projecting the trajectories of the Greek economy for the next four to five years, conditional on assumptions about alternative economic policies.