In this paper the causal relationship between the domestic and the foreign components of the Austrian monetary base has been investigated. The two components seem closely and negatively related which induced the formulation of two hypotheses: the "capital mobility hypothesis" implying that the...

The economic performance of Austria and Italy during the last two decades is analysed by economists from both countries. Their contributions interpret observed historical facts starting from a macroeconomic level down to disaggregated structural issues. The performance as well as prospects of...