Corporate credit lines are drawn more heavily when funding markets are more stressed. This covariance elevates expected bank funding costs. We show that credit supply is dampened by the associated debt-overhang cost to bank shareholders. Until 2022, this impact was reduced by linking the...

The International Energy Agency's 2002 review of Austria's energy policies and programmes. This review finds that in the four years since the last in-depth Review, the two most important developments in the Austrian energy sector have been market reform in the electricity and natural gas...

This review thoroughly analyses Austrian energy policy and identifies the key challenges that need to be addressed. With recommendations for improvements, it is an important guide for Austrian policy makers toward a safer and cleaner energy future.

The International Energy Agency's 2014 review of Austria’s energy policy analyses the energy policy challenges facing Austria and provides sectoral studies and recommendations for further policy improvements. It finds that Austria's energy policy rests on three pillars – security of supply,...

We estimate the role of firms in worker health care utilization. Using linked administrative data on Austrian workers from 1998-2018, we exploit mobility between firms to estimate how much a firm contributes to worker-level differences in utilization in a setting with non-employer provided...

Despite the fact that 30 percent of opioid overdoses also involve a benzodiazepine, there is little policy guidance on how to curb concurrent misuse and even less evidence on how changes to co-prescribing practices can affect patients' economic trajectories. In 2012, Austria restricted access to...

"While substantial research finds that financial development boosts overall economic growth, we study whether financial development disproportionately raises the incomes of the poor and alleviates poverty. Using a broad cross-country sample, we distinguish among competing theoretical predictions...

"We analyze the relationship between financial development and inter-industry resource allocation in the short- and long-run. We suggest that in the long-run, economies with high rates of financial development will devote relatively more resources to industries with a 'natural' reliance on...