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Like most of the global economy, Austria suffered from recession in 2008-2009. In this paper we deconstruct the pattern of recession, and the transmission of the global recession to Austria's economy. We provide a new a new breakdown of the value added in Austrian exports, tracing both upstream...
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About seven years after the outbreak of the financial crisis, followed by a series of economic crises there are hardly any signs for a crisis of economics. After a short period of public, political and self-criticism of economics and distinct economists the dominant crisis narratives brought...
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