According to the economic outlook of the Oesterreichische Nationalbank (OeNB), Austria’s real gross domestic product (GDP) is expected to grow by 3.3% in 2006 and by 2.8% and 2.4% in 2007 and 2008, respectively. The OeNB’s growth forecasts for 2006 and 2007 have been revised upward by 0.8...

This study analyzes the connection between business cycle fluctuations in Germany and Austria as well as the transmission of German shocks to Austria. Compared to Austria’s links with other countries, the ties between Austria and Germany have loosened in relative terms in recent years; in...

According to the fall 2004 economic outlook of the Oesterreichische Nationalbank (OeNB), Austria's real gross domestic product (GDP) is projected to increase to 1.8% in 2004. Economic growth of 2.3% and 2.1% is expected in 2005 and 2006, respectively. Fuelled by the rise in oil prices, in...

According to the economic outlook of the Oesterreichische Nationalbank (OeNB), Austria’s real GDP will grow by 3.2% in 2007, by 2.7% in 2008 and by 2.3% in 2009. The OeNB’s growth forecasts for 2007 and 2008 have been revised upward by 0.4 and by 0.3 percentage point, respectively, since the...

The close correlation between economic activity and freight performance is emphasized in numerous international studies. With regard to Austria, timely information on truck mileage has been available since 2004 when Austria introduced road pricing. In this study, truck road pricing data compiled...

According to the December 2005 economic outlook of the Oesterreichische Nationalbank (OeNB), Austria's real gross domestic product (GDP) is projected to increase by 1.9% in 2005. Economic growth is then expected to accelerate to 2.3% in 2006 and in 2007. Inflation according to the Harmonised...

On November 11 and 12, 2004, the Oesterreichische Nationalbank (OeNB) held a workshop entitled Macroeconomic Models and Forecasts for Austria. The purpose of the workshop was to provide an overview of the econometric models developed and used in Austria, and to promote exchanges between the main...

We analyze the transmission of structural shocks between the US and the euro area within a two-country VAR framework. For that purpose, we simultaneously identify cost-push, demand and monetary policy shocks for both countries using sign restrictions. Our results show that domestic shocks...