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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 …
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The Austrian economy is set to grow by slightly less than 1 percent this year and by over 2 percent in 2003. The risks surrounding the recovery of the business cycle, to which WIFO had pointed in its forecast of last June, have materialised. The slide in stock market values has undermined...
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