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EU and EMU Entry: A Monetary Policy Regime Change for Austria?
Kwapil, Claudia; Valderrama, Maria Teresa; Gnan, Ernest - Oesterreichische Nationalbank
Economic and Monetary Union (EMU) has changed the monetary policy regime applicable in Austria in many respects, but … the stability orientation of Austria's monetary policy has been maintained. EMU's institutional framework and the actual … monetary policymaking of the Eurosystem have secured Austria's legacy of monetary stability at the European level. Decision …
Persistent link: https://www.econbiz.de/10010727671
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Working Paper 151
Ragacs, Christian; Schneider, Martin - Oesterreichische Nationalbank - 2009
This paper proposes an informal taxonomy to break down forecast errors of institutional forecasts. This breakdown is demonstrated for the forecasts of the Oesterreichische Nationalbank (OeNB) for Austrian GDP. The main result is that the largest part of the forecast errors can be explained by...
Persistent link: https://www.econbiz.de/10010727690
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Working Paper 137
Schneider, Martin; Fenz, Gerhard - Oesterreichische Nationalbank - 2008
Austria. Static and dynamic correlation measures show a strong comovement and a change of the relative position in time of … these two economies. The transmission of German shocks to Austria is analysed with a two-country VAR model. Using sign …
Persistent link: https://www.econbiz.de/10010727746
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Working Paper 132
Leibrecht, Markus; Schneider, Martin - Oesterreichische Nationalbank - 2006
Nationalbank for Austria. The model is a small to medium size macroeconomic model. It is in the tradition of the neoclassical …
Persistent link: https://www.econbiz.de/10010727820
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Working Paper 99
Jokipii, Terhi; Merkl, Christian; Engler, Philipp; … - Oesterreichische Nationalbank - 2005
important role active for capitalization, we are unable to confirm whether the bank capital channel is in force in Austria. Our …
Persistent link: https://www.econbiz.de/10010727862
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Global Economy Continues to Recover in a Fragile Environment
Schreiner, Josef; Schneider, Martin; Riedl, Aleksandra - Oesterreichische Nationalbank
U.S. economic growth has been gaining momentum, with the annualized growth rate of real GDP reaching 3.1% in the fourth quarter of 2010. Factoring in this good performance, the IMF has revised upward its economic outlook for 2011 by 0.7 percentage points to 3.0%. At the same time, the labor...
Persistent link: https://www.econbiz.de/10010734208
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The Economy has Bottomed Out
Schreiner, Josef; Silgoner, Maria Antoinette; … - Oesterreichische Nationalbank
While Japan’s economy is showing the first signs of a hesitant recovery, the upturn already gained a foothold in the U.S. economy in the second half of 2011 on the back of robust domestic demand. Conditions in the labor market relaxed perceptibly, while the real estate market is still...
Persistent link: https://www.econbiz.de/10010734214
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The Effect of Capital Requirement Regulation on the Transmission of Monetary Policy: Evidence from Austria
Engler, Philipp; Jokipii, Terhi; Kaltwasser, Pablo Rovira; … - Oesterreichische Nationalbank - 2005
important role active for capitalization, we are unable to confirm whether the bank capital channel is in force in Austria. Our …
Persistent link: https://www.econbiz.de/10005627570
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AQM-06: The Macro economic Model of the OeNB
Leibrecht, Markus; Schneider, Martin - Oesterreichische Nationalbank - 2006
Nationalbank for Austria. The model is a small to medium size macroeconomic model. It is in the tradition of the neoclassical …
Persistent link: https://www.econbiz.de/10005627572