IDEAS home Printed from https://ideas.repec.org/a/wfo/wquart/y2009i1p11-22.html
   My bibliography  Save this article

Repercussions of Financial Market Crisis Weighing on Medium-Term Growth. Projections for the Austrian Economy until 2013

Author

Listed:
  • Josef Baumgartner
  • Serguei Kaniovski
  • Ewald Walterskirchen

    (WIFO)

Abstract

The global economic crisis will slow down Austria's economic growth over the medium term. Over the period from 2009 to 2013, real GDP is expected to grow on average by 1.3 percent p.a. The cyclical downturn will have a negative impact on the labour market and public finances, while keeping inflation low. Restoring the balance of public finances in the aftermath of the crisis would require a determined effort by the government.

Suggested Citation

  • Josef Baumgartner & Serguei Kaniovski & Ewald Walterskirchen, 2009. "Repercussions of Financial Market Crisis Weighing on Medium-Term Growth. Projections for the Austrian Economy until 2013," Austrian Economic Quarterly, WIFO, vol. 14(1), pages 11-22, March.
    • Handle: RePEc:wfo:wquart:y:2009:i:1:p:11-22
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/35339
    File Function: abstract
    Download Restriction: Payment required
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Jakob von Weizsäcker, 2009. "Estimating the size of the European stimulus packages," Policy Contributions 266, Bruegel.
    2. Alois Guger & Thomas Leoni, 2007. "International Unit Labour Cost Position Improved in 2006," Austrian Economic Quarterly, WIFO, vol. 12(4), pages 189-198, December.
    3. Alois Guger, 2003. "Internationale Lohnstückkostenposition 2002 geringfügig verbessert," WIFO Monatsberichte (monthly reports), WIFO, vol. 76(9), pages 683-691, September.
    4. Werner Hölzl & Thomas Leoni & Christine Zulehner, 2009. "Internationale Lohnstückkostenposition 2008 leicht verbessert," WIFO Monatsberichte (monthly reports), WIFO, vol. 82(9), pages 703-714, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Johann Bröthaler & Michael Getzner, 2011. "Fiscal Autonomy and Total Government Expenditure: An Austrian Case-study," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 17(2), pages 134-156, May.
    2. repec:kap:iaecre:v:17:y:2011:i:2:p:134-156 is not listed on IDEAS

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Josef Baumgartner & Serguei Kaniovski & Hans Pitlik & Margit Schratzenstaller & Thomas Url, 2011. "Exports Drive Growth – Domestic Demand Remains Subdued. Medium-term Projections for the Austrian Economy until 2015," Austrian Economic Quarterly, WIFO, vol. 16(1), pages 21-34, March.
    2. Margit Schratzenstaller, 2009. "Bundesvoranschlag 2009/10 und Finanzrahmen 2009 bis 2013," WIFO Monatsberichte (monthly reports), WIFO, vol. 82(8), pages 583-601, August.
    3. Aiginger, Karl, 2010. "The Great Recession vs. the Great Depression: Stylized facts on siblings that were given different foster parents," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 4, pages 1-41.
    4. Dabrowski, Marek, 2010. "The global financial crisis: Lessons for European integration," Economic Systems, Elsevier, vol. 34(1), pages 38-54, March.
    5. Wilfried Rickels & Linda Kleemann & Gernot Klepper & Sonja Peterson & Sebastian Petrick, 2010. "Konjunktur für den Klimaschutz? Klima- und Wachstumswirkung weltweiter Konjunkturprogramme," Aussenwirtschaft, University of St. Gallen, School of Economics and Political Science, Swiss Institute for International Economics and Applied Economics Research, vol. 65(2), pages 129-166, June.
    6. Giulio Cainelli & Massimiliano Mazzanti & Simone Borghesi, 2012. "The European Emission Trading Scheme and environmental innovation diffusion: Empirical analyses using Italian CIS data," Working Papers 201201, University of Ferrara, Department of Economics.
    7. Fritz Breuss & Serguei Kaniovski & Margit Schratzenstaller, 2009. "Gesamtwirtschaftliche Auswirkungen der Konjunkturpakete I und II und der Steuerreform 2009," WIFO Studies, WIFO, number 36361, February.
    8. Silvia Angelo & Georg Feigl, 2009. "Umsetzung und Wirkung der konjunkturpolitischen Maßnahmen in Österreich," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 35(4), pages 527-549.
    9. Iain Begg, 2012. "The EU’s response to the global financial crisis and sovereign debt crisis," Asia Europe Journal, Springer, vol. 9(2), pages 107-124, March.
    10. Tobias Cwik & Volker Wieland, 2011. "Keynesian government spending multipliers and spillovers in the euro area [Fiscal policy and growth: do financial crises make a difference?]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 26(67), pages 493-549.
    11. Fritz Breuss, 2009. "Ten Years of EMU – Achievements, Weaknesses, Challenges," Austrian Economic Quarterly, WIFO, vol. 14(1), pages 49-72, April.
    12. Fritz Breuss & Serguei Kaniovski & Margit Schratzenstaller, 2009. "Gesamtwirtschaftliche Effekte der Konjunkturbelebungsmaßnahmen," WIFO Monatsberichte (monthly reports), WIFO, vol. 82(9), pages 675-686, September.
    13. Jean Pisani-Ferry & Adam Posen, 2011. "From convoy to parting ways? Post-crisis divergence between European and US macroeconomic Policies," Working Papers 498, Bruegel.
    14. Dudas Lavinia, 2018. "The Crisis And Fiscal Policy In Developing Countries," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 0, pages 106-112, December.
    15. Döhrn, Roland & Kitlinski, Tobias & Schmidt, Torsten & Vosen, Simeon, 2009. "Die wirtschaftliche Entwicklung im Ausland: Globale Rezession," RWI Konjunkturberichte, RWI - Leibniz-Institut für Wirtschaftsforschung, vol. 60(1), pages 5-33.
    16. Fritz Breuss, 2009. "Lacking "Europeanisation" of National Business Cycles as a Risk for the Euro Area," Austrian Economic Quarterly, WIFO, vol. 14(2), pages 91-104, June.
    17. Giulio Cainelli & Massimiliano Mazzanti & Roberto Zoboli, 2011. "Enviromental Innovations, Complementarity and Local/Global Cooperation," Working Papers 201104, University of Ferrara, Department of Economics.
    18. Matthieu Llorca & Srdjan Redzepagic, 2009. "Impacts of Global Recession in Western Balkan Countries a Comparison with the EU New Member States," Book Chapters, in: Claude Berthomieu & Jean-Paul Guichard & Dejan Eric & Srdjan Redzepagic (ed.), Financial Systems Integration of Balkan Countries in the European Financial System: Impact of Global Crisis, edition 1, volume 1, chapter 2, pages 9-16, Institute of Economic Sciences.
    19. Arbeitsgruppe Konjunktur, 2009. "In der Tiefebene - IW-Konjunkturprognose Frühjahr 2009," IW-Trends – Vierteljahresschrift zur empirischen Wirtschaftsforschung, Institut der deutschen Wirtschaft (IW) / German Economic Institute, vol. 36(2), pages 15-48.
    20. Karl Aiginger, 2003. "Insufficient investment into future growth: the forgotten cause of low growth in Germany," Economics working papers 2003-14, Department of Economics, Johannes Kepler University Linz, Austria.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:wquart:y:2009:i:1:p:11-22. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.