Following a slowdown of the Austrian economy in 2012, we forecast sluggish growth in the medium term. Over the next five years, real GDP growth will peak at a moderate annual rate of 2 percent in 2015, averaging an annual rate of 1.7 per¬cent. The main factors behind low real growth in the...

In spring the European Commission published its first "Alert Mechanism Report" on macroeconomic imbalances in the European Union summarising ten indicators in a scoreboard. Austria exceeded the relevant thresholds in three cases: 1. Austria's export market share decreased by 14.8 percent during...

During the period of 2012-2017, the Austrian economy is projected to grow at an average annual of 1.7 percent. The average growh rate will thus be lower than in the decade preceding the recent financial and economic crises. The main causes of this sluggish pace of economic growth will lie in the...

Im Prognosezeitraum 2013/2017 entwickelt sich die österreichische Wirtschaft wenig dynamisch. Mit +2% erreicht das BIP-Wachstum 2015 seinen Höchstwert. Gedämpft wird die Expansion sowohl durch die anhaltende Konjunkturschwäche im Euro-Raum als auch durch das mäßige Konsumwachstum im...

The budget plan drawn up in the Austrian Stability Programme 2009-2013 projects government net borrowing above the Maastricht limit of 3 percent of GDP for at least five years. The debt ratio will rise from just below 60 percent of GDP in 2008 to almost 80 percent of GDP in 2013. Fiscal...

While economic policy liberalization is a key to higher overall growth, reforms are often not implemented due to a fierce opposition from politically powerful prospective losers from reforms. In this respect, it is frequently claimed that economic crises can help overcome resistance to policy...

In this paper we explore the impact of political factors on redistribution across the states in the German Landerfinanzausgleich. From a public choice perspective the smaller states are supposed to have a higher influence on decisions in the second legislative chamber due to a lower shadow price...