Short-Term Macroeconomic Effects of the Fiscal Stimulus Measures in Austria

18 Pages Posted: 15 Jan 2012

See all articles by Serguei Kaniovski

Serguei Kaniovski

Austrian Institute of Economic Research (WIFO)

Margit Schratzenstaller

Justus Liebig Universität Giessen

Date Written: March 25, 2010

Abstract

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 that, together with fiscal measures adopted in the 10 major trading partner countries, the national stimulus packages may have slowed the decrease in Austrian real GDP by a cumulative 2.1 percentage points in 2010, preserving 41,500 jobs.

Suggested Citation

Kaniovski, Serguei and Schratzenstaller, Margit, Short-Term Macroeconomic Effects of the Fiscal Stimulus Measures in Austria (March 25, 2010). Bank of Italy Occasional Paper, Available at SSRN: https://ssrn.com/abstract=1985201 or http://dx.doi.org/10.2139/ssrn.1985201

Serguei Kaniovski (Contact Author)

Austrian Institute of Economic Research (WIFO) ( email )

P.O. Box 91
Wien, A-1103
Austria

Margit Schratzenstaller

Justus Liebig Universität Giessen ( email )

Betriebswirtschaftslehre VII
Giessen, 35394
Germany

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