Austria: Recent Economic Developments and Selected Issues

August 18, 1996

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Austria: Recent Economic Developments and Selected Issues, (USA: International Monetary Fund, 1996) accessed November 8, 2024

Summary

This paper reviews economic developments in Austria during 1995–96. A review of developments and short-term prospects for the domestic economy, the public finances, monetary and exchange rate policy, and the balance of payments is presented. Several estimates of potential output and the output gap in Austria are discussed, together with two macroeconomic scenarios that the IMF staff has developed. The paper provides an analysis of the Austrian federal structure. The distribution of government responsibilities, the revenue-sharing mechanism, and transfers among different levels of government are also discussed.

Subject: Aging, Expenditure, Labor, Labor costs, Pension spending, Pensions, Population and demographics, Wages

Keywords: Aging, Balance of payments, Central bank, CR, Debt ratio, Deutsche mark, Early retirement, Eastern Europe, Europe, Exchange rate, Federal budget, Federal deficit, Federal funds, Federal government, Gross domestic product, ISCR, Labor costs, Pension spending, Pensions, Real GDP, Retirement age, Savings ratio

Publication Details

Pages:

102
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1996/060
Stock No:

1AUTEA0011996
ISBN:

9781451802238
ISSN:

1934-7685

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