{"id":113108,"date":"2024-01-22T18:25:05","date_gmt":"2024-01-22T17:25:05","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/113108\/"},"modified":"2024-11-07T04:10:27","modified_gmt":"2024-11-07T03:10:27","slug":"macro-economic-effects-of-the-fiscal-stimulus-measures-in-austria","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/113108\/","title":{"rendered":"Macro-economic Effects of the Fiscal Stimulus Measures in Austria"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-113108","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"In order to cushion the impact of the financial and economic crisis on the real economy, the Austrian government adopted fiscal stabilisation packages. Relative to GDP, these are among the largest in an international comparison, amounting to 4.2 percent of 2008 GDP in cumulative terms and including similar measures taken by the L\u00e4nder (federal states). Simulations with the WIFO macro-economic model suggest that these measures, together with those taken by Austria's major trading partners, contribute substantially towards limiting the repercussions of the crisis, reducing the fall in GDP in 2010 by 2.1 percentage points. With a share of less than 30 percent of the total amount spent, investment geared towards raising potential growth in the future receives less emphasis than in a sample of 11 OECD countries with an average share of almost 40 percent.","onlinedate":"2009-11-20 01:00:00","lang":"English","publication_series":"","publication_date":"20091101","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Economic Crises; Austria\",\"Fiscal Programmes; Macro-economic Effects; Financial Crisis\"]","jelcodes":"[]","related_publications":"[]","pdf":334764,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"14","monthly_report_pages":"205-216","monthly_report_pages_sort":"205","issue":"4","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[183747],"research_groups":[3500],"collaboration":"","persons":[3917,3641,3830],"persons_data":"[{\"personId\":3917,\"personName\":\"Fritz Breuss\",\"organisationNames\":[]},{\"personId\":3641,\"personName\":\"Serguei Kaniovski\",\"organisationNames\":[]},{\"personId\":3830,\"personName\":\"Margit Schratzenstaller\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Breuss, F.<\\\/span><span>, Kaniovski, S.<\\\/span><span>, &amp; Schratzenstaller, M.<\\\/span> (2009). <span>Macro-economic Effects of the Fiscal Stimulus Measures in Austria<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>14<\\\/em>(4), 205-216. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/37561\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/37561<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Breuss F<\\\/span><span>, Kaniovski S<\\\/span><span>, Schratzenstaller M<\\\/span>. <span class=\\\"title\\\"><span>Macro-economic Effects of the Fiscal Stimulus Measures in Austria<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2009 Nov;14(4):205-216.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{e8d00f027cde4e7ca02642437fa6e086,<\\\/div><div>  title    = \\\"Macro-economic Effects of the Fiscal Stimulus Measures in Austria\\\",<\\\/div><div>  abstract = \\\"In order to cushion the impact of the financial and economic crisis on the real economy, the Austrian government adopted fiscal stabilisation packages. Relative to GDP, these are among the largest in an international comparison, amounting to 4.2 percent of 2008 GDP in cumulative terms and including similar measures taken by the L{\\\\\\\"a}nder (federal states). Simulations with the WIFO macro-economic model suggest that these measures, together with those taken by Austria's major trading partners, contribute substantially towards limiting the repercussions of the crisis, reducing the fall in GDP in 2010 by 2.1 percentage points. With a share of less than 30 percent of the total amount spent, investment geared towards raising potential growth in the future receives less emphasis than in a sample of 11 OECD countries with an average share of almost 40 percent.\\\",<\\\/div><div>  keywords = \\\"Economic Crises; Austria, Fiscal Programmes; Macro-economic Effects; Financial Crisis, Economic Crises; Austria, Fiscal Programmes; Macro-economic Effects; Financial Crisis\\\",<\\\/div><div>  author   = \\\"Fritz Breuss and Serguei Kaniovski and Margit Schratzenstaller\\\",<\\\/div><div>  note     = \\\"Fiscal Stimulus Measures\\\",<\\\/div><div>  year     = \\\"2009\\\",<\\\/div><div>  month    = nov,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"14\\\",<\\\/div><div>  pages    = \\\"205--216\\\",<\\\/div><div>  journal  = \\\"Austrian Economic Quarterly\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Macro-economic Effects of the Fiscal Stimulus Measures in Austria<\\\/p><p>AU  - Breuss, Fritz<\\\/p><p>AU  - Kaniovski, Serguei<\\\/p><p>AU  - Schratzenstaller, Margit<\\\/p><p>N1  - Fiscal Stimulus Measures<\\\/p><p>PY  - 2009\\\/11<\\\/p><p>Y1  - 2009\\\/11<\\\/p><p>N2  - In order to cushion the impact of the financial and economic crisis on the real economy, the Austrian government adopted fiscal stabilisation packages. Relative to GDP, these are among the largest in an international comparison, amounting to 4.2 percent of 2008 GDP in cumulative terms and including similar measures taken by the L\u00e4nder (federal states). Simulations with the WIFO macro-economic model suggest that these measures, together with those taken by Austria's major trading partners, contribute substantially towards limiting the repercussions of the crisis, reducing the fall in GDP in 2010 by 2.1 percentage points. With a share of less than 30 percent of the total amount spent, investment geared towards raising potential growth in the future receives less emphasis than in a sample of 11 OECD countries with an average share of almost 40 percent.<\\\/p><p>AB  - In order to cushion the impact of the financial and economic crisis on the real economy, the Austrian government adopted fiscal stabilisation packages. Relative to GDP, these are among the largest in an international comparison, amounting to 4.2 percent of 2008 GDP in cumulative terms and including similar measures taken by the L\u00e4nder (federal states). Simulations with the WIFO macro-economic model suggest that these measures, together with those taken by Austria's major trading partners, contribute substantially towards limiting the repercussions of the crisis, reducing the fall in GDP in 2010 by 2.1 percentage points. With a share of less than 30 percent of the total amount spent, investment geared towards raising potential growth in the future receives less emphasis than in a sample of 11 OECD countries with an average share of almost 40 percent.<\\\/p><p>KW  - Economic Crises; Austria<\\\/p><p>KW  - Fiscal Programmes; Macro-economic Effects; Financial Crisis<\\\/p><p>KW  - Economic Crises; Austria<\\\/p><p>KW  - Fiscal Programmes; Macro-economic Effects; Financial Crisis<\\\/p><p>M3  - WIFO series<\\\/p><p>VL  - 14<\\\/p><p>SP  - 205<\\\/p><p>EP  - 216<\\\/p><p>JO  - Austrian Economic Quarterly<\\\/p><p>JF  - Austrian Economic Quarterly<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Macro-economic Effects of the Fiscal Stimulus Measures in Austria - 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