Workshop No. 05

Macroeconomic Models and Forecasts for Austria
Workshop No. 05

On November 11 and 12, 2004, the Oesterreichische Nationalbank (OeNB) held a workshop on “Macroeconomic Models and Forecasts for Austria” (in German language). As Josef Christl (OeNB) emphasized in his introductory remarks, forecasts are of utmost importance for economic policymaking Due to their important role, transparency on the forecasting tools and methods used by policymakers and policy advisors is highly desirable Accordingly, the first aim of the workshop was to enhance such transparency. Indeed, the workshop – the first of its kind held in Austria – covered the bulk of the econometric models used regularly in Austria. Its nearly 100 participants bear witness of the strong interest in such information. A second goal of the workshop was to encourage an exchange of expertise and experiences between the main institutions that work on macroeconomic modeling in Austria, namely WIFO (the Austrian Institute of Economic Research), IHS (the Institute for Advanced Studies), the OeNB and Joanneum Research. The OeNB warmly thanks all the participating institutions for their readiness to embark upon, and contribute to such an active and open exchange. The purpose of this volume is to document the proceedings and to make them available to a wider national and international public.

November 2004.

Die von den Autoren in den Studien zum Ausdruck gebrachte Meinung gibt nicht notwendigerweise die Meinung der Oesterreichischen Nationalbank oder des Eurosystems wieder.