Grossmann, Bernhard; Prammer, Doris - In: Monetary Policy & the Economy (2005) 4, pp. 61-75
The budget elasticities derived in this study indicate that a 1% deviation of GDP from the long-term growth potential causes a purely cyclical change of 0.38% of GDP in Austria's budget balance. The predominance of progressive income taxation in Austria is reflected in the estimated elasticity...