. The model captures the most salient features of Austria as a small open economy, the Euro Area (EA) and the United States …, whereas in the latter, the monetary policy of Austria is fully aligned with the European Central Bank. Main results are … that in the pre-EMU period, the EA and Austria present welfare costs close to one percent of steady-state consumption …

. The model captures the most salient features of Austria as a small open economy, the Euro Area (EA) and the United States …, whereas in the latter, the monetary policy of Austria is fully aligned with the European Central Bank. Main results are … that in the pre-EMU period, the EA and Austria present welfare costs close to one percent of steady-state consumption …

. Evidence on this hypothesis can be found in Austria, Belgium and the Netherlands, however, where currencies have been tightly …

-run equilibrium level of the velocity of money. This article applies this model to Austria. Problems in identifying permanent shocks …-difference version is not so suspect. While evidence is found of a long-run relationship between Austria inflation and money growth, even … the first-difference version of the P-star model is rejected for Austria. Since Austria is a small economy, closely tied …

Austria, Finland and Sweden became members of the EU in 1995. This paper examines how support for the euro and trust in …. Support for the euro in the two euroarea members Austria and Finland has remained high and relatively stable since the …

After the breakdown of the Bretton Woods system, Austria adhered to an exchange rate policy of adjustably pegging the … to considerations of an optimum currency area comprising Germany and Austria. In the paper it is shown that (i) the … remarkable real wage flexibility in Austria, and (iii) a currency union with Germany was harmful to real sector developments in …