. 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 EMU and investigates in how far this has altered macroeconomic transmission. We find that Austria's economy appears to … estimations on pre-EMU and EMU subsamples we find that the contribution of (rest of the) Euro Area shocks to Austria's business …

models in the case of Austria's recession in 2009. For this purpose, 8 DSGE models with different characteristics (small and …

Austria's EU accession 25 years ago, alongside Finland and Sweden, was preceded by an extended period of convergence … robustness of this result, obtained with an integration macro model, a DSGE model for Austria is used here. Usually other methods …) approach with a DSGE model for the EU, we adapt an earlier version of the two-country DSGE model for Austria and the Euro area …