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Fiscal deficits and the public debt has grown throughout much of the postwar period in most industrialized countries under the pressure of rising public expenditure, a trend that has begun to reverse after 1992. A number of studies argue that fiscal consolidation in association with expenditure...
Persistent link: https://www.econbiz.de/10014407227
-sector employment and have helped raise standards of living. However, the growth model has involved costs: the public-sector wage bill … is relatively high, there is limited employment of nationals in the private sector, labor productivity has declined or …
Persistent link: https://www.econbiz.de/10014410425
This paper discusses tax and expenditure policy reforms to raise employment. Using data for 58 advanced and emerging …. The focus is on incentives to increase labor demand and supply rather than on the impact of fiscal policy on employment … principles which should guide the design of country-specific fiscal reforms to boost employment. A comprehensive set of tables on …
Persistent link: https://www.econbiz.de/10014410536
This Selected Issues paper focuses on the medium-term budgetary framework (MTBF) for Austria. Austria is part of a … trend among many countries to consider some form of MTBF. This paper describes the proposed framework in Austria and …
Persistent link: https://www.econbiz.de/10014404925
This 2007 Article IV Consultation highlights that the favorable economic outcome for Austria is owed to a combination …
Persistent link: https://www.econbiz.de/10014405063
Austria’s recession had limited effects on unemployment. Investment declined sharply but consumption helped cushion the … recession, supported by tax cuts and various labor market measures together with large increases in real wages. Austria’s fiscal …
Persistent link: https://www.econbiz.de/10014405917
This Selected Issues paper estimates a dynamic model of foreign currency loans to households in Austria to analyze … developments in Austria’s economic linkages with Germany and the Central and Eastern European countries (CEECs). It finds that … become stronger. The paper also discusses the dynamics of Austria’s economic linkages with Germany, and examines these …
Persistent link: https://www.econbiz.de/10014406061
Austria’s Financial System Stability Assessment highlights Reports on the Observance of Standards and Codes on banking …, and is generally sound and resilient. Austria enjoys a high standard of supervision based on strong institutions and a …
Persistent link: https://www.econbiz.de/10014406132
Austria’s 2004 Article IV Consultation reports that the economy has continued to perform relatively well, unemployment …
Persistent link: https://www.econbiz.de/10014406133
This 2005 Article IV Consultation highlights that economic activity in Austria gathered speed in 2004, supported mostly … small gains in employment and nominal wage growth barely matching inflation. Investment demand continued to expand … structural area has been impressive, and this has contributed to Austria’s relatively favorable growth performance in the past …
Persistent link: https://www.econbiz.de/10014406237