International Cooperation in Fiscal Policy Research

WIFO and KIPF intend to establish a long-term partnership dedicated to fiscal policy analysis and the assessment of the sustainability of public finances. Their agent-based modelling approach offers an exceptional degree of detail in representing public expenditure and its effects on aggregate and sectoral dynamics, while delivering robust short-term forecasting performance. The granular model structure enables a detailed assessment of the macroeconomic and distributional implications of alternative fiscal policy measures, thereby supporting evidence-based fiscal planning.