Indirect taxes are an important element in stabilization tax packages that aim at raising revenue in the short run. This paper evaluates, by using a general equilibrium model, alternative instruments of indirect taxation in middle-income developing countries. It uses data for Thailand as an...

This paper reviews economic stabilization and growth in Portugal during the 1970s. Following a decade of rapid growth with external equilibrium, the Portuguese economy in the early 1970s suffered a series of major shocks. The paper highlights that the problem of managing economic growth with a...

Austria's economy is projected to grow at an annual rate of 2.4 percent on average until the year 1999. This forecast takes account of the consequences of Austria's accession to the EU as well as of the envisaged budget consolidation. The mainstay of economic growth will be merchandise exports;...

The article reviews various adjustment scenarios for the US deficit and assesses the associated costs for the US economy and the economies of its trade partners.

Cyclical weakness abroad is persisting and via exports spilling over to activity in Austria. The sector most affected by slackening demand is manufacturing industry. In many other sectors of the economy growth is still solid and business and consumer confidency has hardly suffered. Because of...

Lively economic activity continued virtually unabated into early autumn. Industrial output in August rose 9 percent year-on-year, and overall employment growth accelerated to an annual rate of 2.4 percent (+70.000). However, a number of leading indicators suggest a weakening of activity in the...