Stockhammer, Engelbert - In: International Review of Applied Economics 23 (2009) 1, pp. 19-40
policy framework, the Stability and Growth Pact (SGP) that geared monetary policy only to price stability and at the same … growth. The optimistic forecasts for neither the EU nor for Austria were borne out by actual economic trends. Economic growth … effects of EU accession on the Austrian economy by design fails to account for the restrictive effects of the SGP. The paper …