Wüger, Michael - In: WIFO Monatsberichte (monthly reports) 66 (1993) 11, pp. 565-571
In past recessions, Austrian consumer have tended to maintain their level of consumption; therefore, in contrast to other countries precautionary saving has not been an important factor in the aggregate. This conclusion seems also to apply to the first half of 1993. The decline in the propensity...