{"id":20456,"date":"2025-04-11T08:22:46","date_gmt":"2025-04-11T08:22:46","guid":{"rendered":"https:\/\/www.kepe.gr\/?p=20456"},"modified":"2025-04-12T12:34:00","modified_gmt":"2025-04-12T12:34:00","slug":"no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017","status":"publish","type":"post","link":"https:\/\/www.kepe.gr\/en\/research\/recent-publications\/studies\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\/","title":{"rendered":"No. 86.  INCOME DISTRIBUTION AND AGGREGATE DEMAND: A THEORETICAL AND EMPIRICAL INVESTIGATION USING DATA FROM THE GREEK ECONOMY, 1960\u20132017 (IN GREEK)"},"content":{"rendered":"<p>Em. G. Marsellou 2025. | ISBN: 978-960-341-147-5 (Print) ISBN: 978-960-341-146-8 (Online)<\/p>\n<p><!--more--><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.kepe.gr\/wp-content\/uploads\/2025\/04\/Cover_Meleti86_LOW.pdf\" target=\"_blank\" rel=\"noopener\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignleft wp-image-19912\" style=\"margin: 3px 10px 3px 2px; float: left;\" src=\"https:\/\/www.kepe.gr\/wp-content\/uploads\/2025\/04\/Cover_Meleti86_LOW-1-700x1018.jpg\" alt=\"\" width=\"500\" height=\"727\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">This study offers an empirical investigation into the relationship between functional income distribution and aggregate demand growth in the Greek economy. It was prompted by the prolonged recession that followed the 2010 fiscal crisis and the subsequent fiscal adjustment policies, which highlighted the need to reassess this relationship and its implications for economic policymaking in Greece.<\/p>\n<p style=\"text-align: justify;\">The analysis focuses on whether the Greek economy operates under a wage-led or profit-led demand regime. By employing a macro-econometric demand-led model and utilizing time-series econometric techniques for the period 1960\u20132017, the study estimates the effects of changes in income distribution on the main components of demand\u2014consumption, investment, and net exports\u2014and, by extension, on GDP. Robustness checks are also conducted across distinct sub-periods.<\/p>\n<p style=\"text-align: justify;\">The findings clearly indicate that the Greek economy operates under a wage-led demand regime: increases in the wage share boost aggregate demand primarily through consumption, offsetting potential negative effects on investment and net exports. Accordingly, policies aimed at increasing the wage share, strengthening the welfare state, improving labor market institutions, and raising the minimum wage can act as catalysts for overcoming economic stagnation.<\/p>\n<p style=\"text-align: justify;\">The study concludes that understanding the role of income distribution is critical for designing a sustainable productive model capable of meeting the challenges of a competitive and resilient economy. In this context, the European Union\u2019s Recovery and Resilience Facility could serve as a key opportunity for the strategic reorientation of the Greek economy toward a more productive and balanced growth model.<\/p>\n<hr \/>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.kepe.gr\/wp-content\/uploads\/2025\/04\/Contents_Meleti86_LOW.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 10pt;\"><strong>contents (pdf)<\/strong><\/span><\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.kepe.gr\/wp-content\/uploads\/2025\/04\/Summary-ENG_Meleti86_LOW.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 10pt;\"><strong>executive summary &#8211; in english (pdf)<\/strong><\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.kepe.gr\/wp-content\/uploads\/2025\/04\/Book_Meleti86_LOW.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 10pt;\"><strong>pdf file<\/strong><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Em. G. Marsellou 2025. | ISBN: 978-960-341-147-5 (Print) ISBN: 978-960-341-146-8 (Online)<\/p>\n","protected":false},"author":1,"featured_media":20473,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[94],"tags":[],"class_list":["post-20456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-studies"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>No. 86. INCOME DISTRIBUTION AND AGGREGATE DEMAND: A THEORETICAL AND EMPIRICAL INVESTIGATION USING DATA FROM THE GREEK ECONOMY, 1960\u20132017 (IN GREEK) - \u039a\u03ad\u03bd\u03c4\u03c1\u03bf \u03a0\u03c1\u03bf\u03b3\u03c1\u03b1\u03bc\u03bc\u03b1\u03c4\u03b9\u03c3\u03bc\u03bf\u03cd \u03ba\u03b1\u03b9 \u039f\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u0395\u03c1\u03b5\u03c5\u03bd\u03ce\u03bd<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kepe.gr\/en\/research\/recent-publications\/studies\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"No. 86. INCOME DISTRIBUTION AND AGGREGATE DEMAND: A THEORETICAL AND EMPIRICAL INVESTIGATION USING DATA FROM THE GREEK ECONOMY, 1960\u20132017 (IN GREEK) - \u039a\u03ad\u03bd\u03c4\u03c1\u03bf \u03a0\u03c1\u03bf\u03b3\u03c1\u03b1\u03bc\u03bc\u03b1\u03c4\u03b9\u03c3\u03bc\u03bf\u03cd \u03ba\u03b1\u03b9 \u039f\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u0395\u03c1\u03b5\u03c5\u03bd\u03ce\u03bd\" \/>\n<meta property=\"og:description\" content=\"Em. G. Marsellou 2025. | ISBN: 978-960-341-147-5 (Print) ISBN: 978-960-341-146-8 (Online)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.kepe.gr\/en\/research\/recent-publications\/studies\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\/\" \/>\n<meta property=\"og:site_name\" content=\"\u039a\u03ad\u03bd\u03c4\u03c1\u03bf \u03a0\u03c1\u03bf\u03b3\u03c1\u03b1\u03bc\u03bc\u03b1\u03c4\u03b9\u03c3\u03bc\u03bf\u03cd \u03ba\u03b1\u03b9 \u039f\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u0395\u03c1\u03b5\u03c5\u03bd\u03ce\u03bd\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-11T08:22:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-12T12:34:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.kepe.gr\/wp-content\/uploads\/2025\/04\/Cover_Meleti86_LOW-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1300\" \/>\n\t<meta property=\"og:image:height\" content=\"1890\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.kepe.gr\\\/en\\\/research\\\/recent-publications\\\/studies\\\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kepe.gr\\\/en\\\/research\\\/recent-publications\\\/studies\\\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/www.kepe.gr\\\/en\\\/#\\\/schema\\\/person\\\/187b3d7d64072f075aa293f54f59e2ce\"},\"headline\":\"No. 86. INCOME DISTRIBUTION AND AGGREGATE DEMAND: A THEORETICAL AND EMPIRICAL INVESTIGATION USING DATA FROM THE GREEK ECONOMY, 1960\u20132017 (IN GREEK)\",\"datePublished\":\"2025-04-11T08:22:46+00:00\",\"dateModified\":\"2025-04-12T12:34:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.kepe.gr\\\/en\\\/research\\\/recent-publications\\\/studies\\\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\\\/\"},\"wordCount\":288,\"image\":{\"@id\":\"https:\\\/\\\/www.kepe.gr\\\/en\\\/research\\\/recent-publications\\\/studies\\\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.kepe.gr\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/Cover_Meleti86_LOW-1.jpg\",\"articleSection\":[\"STUDIES\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.kepe.gr\\\/en\\\/research\\\/recent-publications\\\/studies\\\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\\\/\",\"url\":\"https:\\\/\\\/www.kepe.gr\\\/en\\\/research\\\/recent-publications\\\/studies\\\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\\\/\",\"name\":\"No. 86. INCOME DISTRIBUTION AND AGGREGATE DEMAND: A THEORETICAL AND EMPIRICAL INVESTIGATION USING DATA FROM THE GREEK ECONOMY, 1960\u20132017 (IN GREEK) - \u039a\u03ad\u03bd\u03c4\u03c1\u03bf \u03a0\u03c1\u03bf\u03b3\u03c1\u03b1\u03bc\u03bc\u03b1\u03c4\u03b9\u03c3\u03bc\u03bf\u03cd \u03ba\u03b1\u03b9 \u039f\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u0395\u03c1\u03b5\u03c5\u03bd\u03ce\u03bd\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kepe.gr\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.kepe.gr\\\/en\\\/research\\\/recent-publications\\\/studies\\\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.kepe.gr\\\/en\\\/research\\\/recent-publications\\\/studies\\\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.kepe.gr\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/Cover_Meleti86_LOW-1.jpg\",\"datePublished\":\"2025-04-11T08:22:46+00:00\",\"dateModified\":\"2025-04-12T12:34:00+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.kepe.gr\\\/en\\\/#\\\/schema\\\/person\\\/187b3d7d64072f075aa293f54f59e2ce\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.kepe.gr\\\/en\\\/research\\\/recent-publications\\\/studies\\\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.kepe.gr\\\/en\\\/research\\\/recent-publications\\\/studies\\\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.kepe.gr\\\/en\\\/research\\\/recent-publications\\\/studies\\\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.kepe.gr\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/Cover_Meleti86_LOW-1.jpg\",\"contentUrl\":\"https:\\\/\\\/www.kepe.gr\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/Cover_Meleti86_LOW-1.jpg\",\"width\":1300,\"height\":1890},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.kepe.gr\\\/en\\\/research\\\/recent-publications\\\/studies\\\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0391\u03c1\u03c7\u03b9\u03ba\u03ae\",\"item\":\"https:\\\/\\\/www.kepe.gr\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"No. 86. INCOME DISTRIBUTION AND AGGREGATE DEMAND: A THEORETICAL AND EMPIRICAL INVESTIGATION USING DATA FROM THE GREEK ECONOMY, 1960\u20132017 (IN GREEK)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.kepe.gr\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.kepe.gr\\\/en\\\/\",\"name\":\"\u039a\u03ad\u03bd\u03c4\u03c1\u03bf \u03a0\u03c1\u03bf\u03b3\u03c1\u03b1\u03bc\u03bc\u03b1\u03c4\u03b9\u03c3\u03bc\u03bf\u03cd \u03ba\u03b1\u03b9 \u039f\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u0395\u03c1\u03b5\u03c5\u03bd\u03ce\u03bd\",\"description\":\"Just another WordPress site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.kepe.gr\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.kepe.gr\\\/en\\\/#\\\/schema\\\/person\\\/187b3d7d64072f075aa293f54f59e2ce\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3b0d8aae2f7d13f6c6f22e5d70ff5b9fe7858bc70abc46d5761340b829070206?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3b0d8aae2f7d13f6c6f22e5d70ff5b9fe7858bc70abc46d5761340b829070206?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3b0d8aae2f7d13f6c6f22e5d70ff5b9fe7858bc70abc46d5761340b829070206?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/www.kepe.gr\"],\"url\":\"https:\\\/\\\/www.kepe.gr\\\/en\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"No. 86. INCOME DISTRIBUTION AND AGGREGATE DEMAND: A THEORETICAL AND EMPIRICAL INVESTIGATION USING DATA FROM THE GREEK ECONOMY, 1960\u20132017 (IN GREEK) - \u039a\u03ad\u03bd\u03c4\u03c1\u03bf \u03a0\u03c1\u03bf\u03b3\u03c1\u03b1\u03bc\u03bc\u03b1\u03c4\u03b9\u03c3\u03bc\u03bf\u03cd \u03ba\u03b1\u03b9 \u039f\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u0395\u03c1\u03b5\u03c5\u03bd\u03ce\u03bd","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.kepe.gr\/en\/research\/recent-publications\/studies\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\/","og_locale":"en_US","og_type":"article","og_title":"No. 86. INCOME DISTRIBUTION AND AGGREGATE DEMAND: A THEORETICAL AND EMPIRICAL INVESTIGATION USING DATA FROM THE GREEK ECONOMY, 1960\u20132017 (IN GREEK) - \u039a\u03ad\u03bd\u03c4\u03c1\u03bf \u03a0\u03c1\u03bf\u03b3\u03c1\u03b1\u03bc\u03bc\u03b1\u03c4\u03b9\u03c3\u03bc\u03bf\u03cd \u03ba\u03b1\u03b9 \u039f\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u0395\u03c1\u03b5\u03c5\u03bd\u03ce\u03bd","og_description":"Em. G. Marsellou 2025. | ISBN: 978-960-341-147-5 (Print) ISBN: 978-960-341-146-8 (Online)","og_url":"https:\/\/www.kepe.gr\/en\/research\/recent-publications\/studies\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\/","og_site_name":"\u039a\u03ad\u03bd\u03c4\u03c1\u03bf \u03a0\u03c1\u03bf\u03b3\u03c1\u03b1\u03bc\u03bc\u03b1\u03c4\u03b9\u03c3\u03bc\u03bf\u03cd \u03ba\u03b1\u03b9 \u039f\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u0395\u03c1\u03b5\u03c5\u03bd\u03ce\u03bd","article_published_time":"2025-04-11T08:22:46+00:00","article_modified_time":"2025-04-12T12:34:00+00:00","og_image":[{"width":1300,"height":1890,"url":"https:\/\/www.kepe.gr\/wp-content\/uploads\/2025\/04\/Cover_Meleti86_LOW-1.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.kepe.gr\/en\/research\/recent-publications\/studies\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\/#article","isPartOf":{"@id":"https:\/\/www.kepe.gr\/en\/research\/recent-publications\/studies\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\/"},"author":{"name":"admin","@id":"https:\/\/www.kepe.gr\/en\/#\/schema\/person\/187b3d7d64072f075aa293f54f59e2ce"},"headline":"No. 86. INCOME DISTRIBUTION AND AGGREGATE DEMAND: A THEORETICAL AND EMPIRICAL INVESTIGATION USING DATA FROM THE GREEK ECONOMY, 1960\u20132017 (IN GREEK)","datePublished":"2025-04-11T08:22:46+00:00","dateModified":"2025-04-12T12:34:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.kepe.gr\/en\/research\/recent-publications\/studies\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\/"},"wordCount":288,"image":{"@id":"https:\/\/www.kepe.gr\/en\/research\/recent-publications\/studies\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\/#primaryimage"},"thumbnailUrl":"https:\/\/www.kepe.gr\/wp-content\/uploads\/2025\/04\/Cover_Meleti86_LOW-1.jpg","articleSection":["STUDIES"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.kepe.gr\/en\/research\/recent-publications\/studies\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\/","url":"https:\/\/www.kepe.gr\/en\/research\/recent-publications\/studies\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\/","name":"No. 86. INCOME DISTRIBUTION AND AGGREGATE DEMAND: A THEORETICAL AND EMPIRICAL INVESTIGATION USING DATA FROM THE GREEK ECONOMY, 1960\u20132017 (IN GREEK) - \u039a\u03ad\u03bd\u03c4\u03c1\u03bf \u03a0\u03c1\u03bf\u03b3\u03c1\u03b1\u03bc\u03bc\u03b1\u03c4\u03b9\u03c3\u03bc\u03bf\u03cd \u03ba\u03b1\u03b9 \u039f\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u0395\u03c1\u03b5\u03c5\u03bd\u03ce\u03bd","isPartOf":{"@id":"https:\/\/www.kepe.gr\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.kepe.gr\/en\/research\/recent-publications\/studies\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\/#primaryimage"},"image":{"@id":"https:\/\/www.kepe.gr\/en\/research\/recent-publications\/studies\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\/#primaryimage"},"thumbnailUrl":"https:\/\/www.kepe.gr\/wp-content\/uploads\/2025\/04\/Cover_Meleti86_LOW-1.jpg","datePublished":"2025-04-11T08:22:46+00:00","dateModified":"2025-04-12T12:34:00+00:00","author":{"@id":"https:\/\/www.kepe.gr\/en\/#\/schema\/person\/187b3d7d64072f075aa293f54f59e2ce"},"breadcrumb":{"@id":"https:\/\/www.kepe.gr\/en\/research\/recent-publications\/studies\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.kepe.gr\/en\/research\/recent-publications\/studies\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.kepe.gr\/en\/research\/recent-publications\/studies\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\/#primaryimage","url":"https:\/\/www.kepe.gr\/wp-content\/uploads\/2025\/04\/Cover_Meleti86_LOW-1.jpg","contentUrl":"https:\/\/www.kepe.gr\/wp-content\/uploads\/2025\/04\/Cover_Meleti86_LOW-1.jpg","width":1300,"height":1890},{"@type":"BreadcrumbList","@id":"https:\/\/www.kepe.gr\/en\/research\/recent-publications\/studies\/no-86-income-distribution-and-aggregate-demand-a-theoretical-and-empirical-investigation-using-data-from-the-greek-economy-1960-2017\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0391\u03c1\u03c7\u03b9\u03ba\u03ae","item":"https:\/\/www.kepe.gr\/en\/"},{"@type":"ListItem","position":2,"name":"No. 86. INCOME DISTRIBUTION AND AGGREGATE DEMAND: A THEORETICAL AND EMPIRICAL INVESTIGATION USING DATA FROM THE GREEK ECONOMY, 1960\u20132017 (IN GREEK)"}]},{"@type":"WebSite","@id":"https:\/\/www.kepe.gr\/en\/#website","url":"https:\/\/www.kepe.gr\/en\/","name":"\u039a\u03ad\u03bd\u03c4\u03c1\u03bf \u03a0\u03c1\u03bf\u03b3\u03c1\u03b1\u03bc\u03bc\u03b1\u03c4\u03b9\u03c3\u03bc\u03bf\u03cd \u03ba\u03b1\u03b9 \u039f\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u0395\u03c1\u03b5\u03c5\u03bd\u03ce\u03bd","description":"Just another WordPress site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.kepe.gr\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.kepe.gr\/en\/#\/schema\/person\/187b3d7d64072f075aa293f54f59e2ce","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/3b0d8aae2f7d13f6c6f22e5d70ff5b9fe7858bc70abc46d5761340b829070206?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/3b0d8aae2f7d13f6c6f22e5d70ff5b9fe7858bc70abc46d5761340b829070206?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3b0d8aae2f7d13f6c6f22e5d70ff5b9fe7858bc70abc46d5761340b829070206?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/www.kepe.gr"],"url":"https:\/\/www.kepe.gr\/en\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.kepe.gr\/en\/wp-json\/wp\/v2\/posts\/20456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kepe.gr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kepe.gr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kepe.gr\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kepe.gr\/en\/wp-json\/wp\/v2\/comments?post=20456"}],"version-history":[{"count":4,"href":"https:\/\/www.kepe.gr\/en\/wp-json\/wp\/v2\/posts\/20456\/revisions"}],"predecessor-version":[{"id":20476,"href":"https:\/\/www.kepe.gr\/en\/wp-json\/wp\/v2\/posts\/20456\/revisions\/20476"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kepe.gr\/en\/wp-json\/wp\/v2\/media\/20473"}],"wp:attachment":[{"href":"https:\/\/www.kepe.gr\/en\/wp-json\/wp\/v2\/media?parent=20456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kepe.gr\/en\/wp-json\/wp\/v2\/categories?post=20456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kepe.gr\/en\/wp-json\/wp\/v2\/tags?post=20456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}