Austria's EU accession 25 years ago, alongside Finland and Sweden, was preceded by an extended period of convergence … robustness of this result, obtained with an integration macro model, a DSGE model for Austria is used here. Usually other methods …) approach with a DSGE model for the EU, we adapt an earlier version of the two-country DSGE model for Austria and the Euro area …

In the wake of monetary integration in Europe, Austria abandoned the tested hard currency policy (HCP) for joining EMU … developed by him, and reviews the implications on Austria's monetary strategy of the changeover to EMU. At EMU level it was …