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PROMETEUS: A Multisectoral Macroeconomic Model of the Austrian Economy

Author

Listed:
  • Kurt Kratena
  • Michael Wüger

    (WIFO)

Abstract

WIFO has developed a novel disaggregated macroeconomic model of the Austrian economy ("PROMETEUS" – Projecting and Modelling the Economy, Transport and Energy Use for Sustainability) that generates specific simulations of the economic effects of changes and shocks affecting the energy system (such as crude oil price shocks). Through the model's integrated mapping of the economy, energy system and ecology (CO2 emissions), it is possible to evaluate the costs and benefits attendant to achieving environmental and energy policy objectives, while highlighting economic aspects of both the single (within the energy sector) and overall types (cost, employment effect, etc.).

Suggested Citation

  • Kurt Kratena & Michael Wüger, 2006. "PROMETEUS: A Multisectoral Macroeconomic Model of the Austrian Economy," WIFO Monatsberichte (monthly reports), WIFO, vol. 79(3), pages 187-205, March.
  • Handle: RePEc:wfo:monber:y:2006:i:3:p:187-205
    as

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    References listed on IDEAS

    as
    1. Pissarides, Christopher A., 1998. "The impact of employment tax cuts on unemployment and wages; The role of unemployment benefits and tax structure," European Economic Review, Elsevier, vol. 42(1), pages 155-183, January.
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