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Nationalbank for Austria. The model is a small to medium size macroeconomic model. It is in the tradition of the neoclassical …
Persistent link: https://www.econbiz.de/10013370049
Austria. Static and dynamic correlation measures show a strong comovement and a change of the relative position in time of … these two economies. The transmission of German shocks to Austria is analysed with a two-country VAR model. Using sign …
Persistent link: https://www.econbiz.de/10013370054
This paper proposes an informal taxonomy to break down forecast errors of institutional forecasts. This breakdown is demonstrated for the forecasts of the Oesterreichische Nationalbank (OeNB) for Austrian GDP. The main result is that the largest part of the forecast errors can be explained by...
Persistent link: https://www.econbiz.de/10013370068
In this paper we present an analysis of the impact of the great recession of the years 2008 and 2009 on the Austrian economy. For this purpose, we utilize the new estimated DSGE model of the OeNB for the Austrian economy within the Euro area. This model is a small open-economy version of Smets &...
Persistent link: https://www.econbiz.de/10013370094