There is evidence that a budget consolidation strategy can work with only a small and short lived negative impact on growth. However, this time consolidation is taking place in the aftermath of a deep crisis which had lead to increased levels of uncertainty. In addition the financial sector, as...

Skispitzensport hat wirtschaftliche und soziale Effekte, die durch private Mittel nicht vollständig abgegolten werden. Aus ökonomischer Sicht ist daher eine Mitfinanzierung des Skispitzensports durch die öffentliche Hand gerechtfertigt. Die Schätzung dieser durch den Skispitzensport...

Like most industrialized countries and many developing countries, Austria has taken measures to stabilise financial markets and to mitigate the sharp decrease in economic activity caused by the recent financial crisis. These measures amount to 4.2 per cent of 2008 GDP. Model simulations show...