In its recent investment survey, WIFO asked approximately 2,600 firms of the manufacturing sector, the construction sector and the energy sector about their plans for future investments, the development of sales, as well as their business expectations. Due to sluggish export demand as a result...

According to the recent WIFO forecast, the Austrian Economy will achieve an extraordinarily high rate of real GDP growth of 3.5 percent in 2000. In 2001 real GDP will probably expand at a rate of 3.2 percent. The high growth performance is the result of booming demand in the European market and...

It is expected that binding biophysical constraints have the potential to slow growth and impede the improvement of other key macroeconomic variables. Using a DYNK (Dynamic New Keynesian) model of the EU27, we study two different environmental policy options and evaluate their impact on...

Das WIFO untersucht die gesamtwirtschaftlichen Wirkungen expansiver Budgetpolitik mithilfe von zwei empirisch geschätzten makroökonomischen Modellen für die Österreichische Wirtschaft. Dabei werden die Ergebnisse über die Jahre kumuliert ausgewiesen. Im Simulationsdesign wird angenommen,...

In 2012, greenhouse gas emissions in Austria amounted to 80.2 million tons CO2 equivalents (excluding emissions from land use, land-use change and forestry). Greenhouse gas emissions were 3.3 percent lower than in 2011 (CO2 emissions –3.7 percent). The decline was driven by a reduction in...

This paper deals with the impact of outsourcing from the EU27 to high and low income countries (defined as aggregates from the WIOD database) on employment demand and simultaneously on energy demand and air emissions. The analysis is based on a model of production (Translog cost function and...

Policy simulations during the last decades have been heavily relying on standard static CGE models with a small number of industries. Recently DSGE models (usually termed as New Keynesian) have been developed that incorporate dynamic behavior and institutional constraints at the aggregate...

The European 20-20-20 targets represent an integrated European approach to a climate and energy policy that aims to combat climate change, increase the EU's energy security and strengthen its competitiveness. Its corresponding national targets for Austria are a reduction of its greenhouse gases...

This paper evaluates different options of labour market policy and tax reform with payroll tax reductions for the Spanish economy in the current situation of high unemployment and debt constraints for public and private households. The Spanish economy in the aftermath of the Great Recession is...

This milestone provides a broad overview of model development under Work Package 205 of the WWWforEurope project. It describes briefly the challenge of modelling combined economic, ecological and financial systems and sets out a series of objectives for modelling the socio-economic transition...