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A Long-run Macroeconomic Model of the Austrian Economy (A-LMM). New Results (2014)

Author

Listed:
  • Serguei Kaniovski
  • Thomas Url

    (Austrian Institute of Economic Research)

  • Helmut Hofer
  • Sandra Müllbacher

    (Institute for Advanced Studies)

Abstract

We use the Austrian Long-run Macroeconomic Model (A-LMM) for a long-term projection of the Austrian economy until 2070. Our baseline scenario is the input for micro-simulation models of the Austrian pension insurance system. A-LMM is a neoclassical growth model replicating stylised facts about growing market economies. The current model update incorporates recent information from labour market and national accounts data. Compared to the previous report we now project slightly higher labour market participation rates and – due to the lower starting value in 2013 – a lower level of real output.

Suggested Citation

  • Serguei Kaniovski & Thomas Url & Helmut Hofer & Sandra Müllbacher, 2014. "A Long-run Macroeconomic Model of the Austrian Economy (A-LMM). New Results (2014)," WIFO Studies, WIFO, number 47254, April.
    • Handle: RePEc:wfo:wstudy:47254
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    References listed on IDEAS

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    Cited by:

    1. Christine Mayrhuber & Ulrike Huemer & Thomas Horvath & Stefan Schiman, 2016. "Makroökonomische Effekte einer früheren Anhebung des gesetzlichen Pensionsalters für Frauen in Österreich," WIFO Studies, WIFO, number 58803, April.
    2. Stefan Schiman-Vukan, 2022. "Langfristige Perspektiven der öffentlichen Finanzen in Österreich," WIFO Studies, WIFO, number 70395, February.
    3. Prammer, Doris, 2019. "How does population ageing impact on personal income taxes and social security contributions?," The Journal of the Economics of Ageing, Elsevier, vol. 14(C).
    4. Serguei Kaniovski & Thomas Url & Helmut Hofer & Viola Garstenauer, 2021. "A Long-run Macroeconomic Model of the Austrian Economy (A-LMM 2.0). New Results (2021)," WIFO Studies, WIFO, number 67377, April.
    5. Thomas Url, 2016. "Langfristige Prognose des Aufwands für Langzeitpflege," WIFO Studies, WIFO, number 58844, April.

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