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Austria: Recent Economic Developments and Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1996: Issue 060
Language:
English
Publication Date:
18 Aug 1996
DOI:
https://doi.org/10.5089/9781451802238.002
ISBN:
9781451802238
ISSN:
1934-7685
Pages:
102
Keywords:
ISCR; CR; gross domestic product; exchange rate; federal government; real GDP; federal funds; deutsche mark; debt ratio; federal budget; retirement age; balance of payments; central bank; early retirement; federal deficit; savings ratio; Pension spending; Aging; Pensions; Labor costs; Eastern Europe; Europe
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund