{"id":85797,"date":"2024-01-22T09:05:47","date_gmt":"2024-01-22T08:05:47","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/85797\/"},"modified":"2024-11-06T23:56:52","modified_gmt":"2024-11-06T22:56:52","slug":"gesamtwirtschaftliche-auswirkungen-der-budgetkonsolidierungspolitik-in-der-eu","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/85797\/","title":{"rendered":"Macroeconomic Effects of the Policy of Budget Consolidation in the EU"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-85797","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Future budget consolidation measures \u2013 within the framework of the \"Stability Pact\" \u2013 may result in a more significant slow-down of economic growth than that experienced during the 1995-1997 period. One-time effects and outsourcing measures are limited in scope, further interest-rate effects are not to be expected, least of all in the former soft-currency countries, devaluation has become impossible within the Monetary Union, and the savings ratio is expected to stabilise on a medium-term basis. Hence, an anti-cyclical budget policy is called for from the macroeconomic point of view.","onlinedate":"1999-04-20 12:00:00","lang":"German","publication_series":"","publication_date":"19990401","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Gesamtwirtschaftliche Auswirkungen der Budgetkonsolidierungspolitik in der EU; Macroeconomic Effects of the Policy of Budget Consolidation in the EU\"]","jelcodes":"[]","related_publications":"[]","pdf":276878,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"72","monthly_report_pages":"305-314","monthly_report_pages_sort":"305","issue":"4","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":"1999-04-20 12:00:00","types":[44312],"research_groups":[3500],"collaboration":"","persons":[4043,3893],"persons_data":"[{\"personId\":4043,\"personName\":\"Markus Marterbauer\",\"organisationNames\":[]},{\"personId\":3893,\"personName\":\"Ewald Walterskirchen\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","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 v26.5 (Yoast SEO v26.5) - 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