Forecasting business-cycle turning points under real-time conditions One of the greatest challenges in business cycle research is the timely and reliable identification of cyclical turning points.The data availability in real time constitutes a fundamental problem:First there is a publication...

On the basis of current Eurostat data, which facilitate a largely consistent international comparison of labour costs per hour worked, this study presents an in-depth analysis of the level and evolution of Austrian labour costs compared to those of other European countries. In relation to other...

The study provides an empirical analysis of the effects of cyclical fluctuations - including those of the current economic crisis - on revenues and expenditures of the German public pay-as-you-go pension system on the one hand. On the other hand the pension reforms of the most recent decade are...

This IMK Study is a documentation of the IMK's macro-econometric model of the German economy. Currently the model includes 48 behavioural equations, which are usually specified as error-correction equations, and 61 definitions. The model is based on seasonally unadjusted quarterly national...

The study develops a budget consolidation strategy for Austria that does not endanger the fragile recovery while at the same time promoting distrbutional justice. As a first step a literature review on the macroeconomic effects of discreationary fiscal policy is given. As a second step two...

Potential output measures a country's attainable aggregate living standard and is thus one of the most important categories of economics. It is also a key indicator for monetary and fiscal policy. Despite its prominence, however, potential output is a difficult concept to pinpoint theoretically...

Potential output measures a country's attainable aggregate living standard and is thus one of the most important categories of economics. It is also a key indicator for monetary and fiscal policy. Despite its prominence, however, potential output is a difficult concept to pinpoint theoretically...

After the onset of the global financial and economic Crisis of 2008, the G20 leaders have repeatedly promised to re-regulate the financial sector and tackle global imbalances. This study examines in how far these promises have been met by action. In contrast to public perception, it is shown...

The study examines public statements by German politicians and economic policy advisors on questions of deregulation. The period covered stretches from the former chancellor Gerhard Schröder's speech on the Agenda 2010 reform package in early 2003 until the beginning of the financial crisis in...