On April 9, the European Central Bank reduced interest rates by half a percentage point; this was the first interest rate cut since the launch of the euro. Several model simulations were carried out for the euro area and for Austria, under the assumption that short-term interest rates will...

The importance of active labor market policy (ALMP) has been rising over the last 10 years in Austria, with public expenditures now amounting to about 0.6% of GDP. This paper provides a comprehensive overview of active labor market policies in Austria. We study the development of policy...

The importance of active labor market policy (ALMP) has been rising over the last 10 years in Austria, with public expenditures now amounting to about 0.6% of GDP. This paper provides a comprehensive overview of active labor market policies in Austria. We study the development of policy...

The improving economic environment in the European Union also has a positive impact on Austria. In the forecasting period of 1999 to 2004, its real GDP is expected to grow by 2.5 percent p.a. on average, slightly less than the European average. According to the international scenario for...

A stronger international competitive position and brisk domestic demand will have a positive impact on the Austrian economy in the next years. Assuming that the international financial crisis will be temporary in its detrimental effect and that the public budget consolidation policy will...

Non-wage labour costs are relatively high in Austria. This is due, above all, to the level of employer contributions to social security, payroll-dependent charges, and the extent of non-productive times. If – in the interest of logical coherence – bonus payments (13th and 14th monthly...

Die anhaltende Eurokrise, die sich in einer deutlich schlechteren Konjunkturlage in Europa als in den USA spiegelt, hat nicht zuletzt ihre Ursache in der nach wie vor schleppenden Umsetzung der Reformen des Finanzsektors. Während die Lücken in der wirtschaftspolitischen Architektur der WWU...