Monetary Policy & the Economy
Monetary Policy & the Economy provides analyses and studies on central banking and economic policy topics and is published at quarterly intervals.
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Opinions expressed by the authors of studies do not necessarily reflect the official viewpoint of the Oesterreichische Nationalbank or of the Eurosystem.
2023
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Monetary Policy and the Economy Q4/22–Q1/23
March 2023 Studies on the recent surge in inflation/dam/jcr:1c9d4aa2-1c57-4d0d-9793-e26d6d82ecb0/Mop-4-22_1-23.pdf Full version (PDF, 4.6 MB) Download
HTML version- /dam/jcr:932d27eb-b48c-4c8c-96ac-262aca1d4b86/01_Mop-4-22_1-23_Aggregate-price-pressure.pdf Aggregate price pressures along the supply chain: a euro area perspective (PDF, 962 kB) Messner, Zörner.
- /dam/jcr:38299a99-6c7e-4eb1-b2eb-998cd35706ee/02_Mop-4-22_1-23_What-is-the-effect-of-energy-prices.pdf What is the effect of energy prices on consumer prices in Austria? A production-side decomposition (PDF, 1.4 MB) Schneider.
- /dam/jcr:7a203f0f-991a-41fc-b1aa-17ed807341a5/03_Mop-4-22_1-23_Grocery-price-setting-in-times-of-high-inflation.pdf Grocery price setting in times of high inflation: what webscraped data tell us (PDF, 667 kB) Beer, Ferstl, Graf, Rumler.
- /dam/jcr:05d08108-ce84-401e-b402-c15a11633859/04_Mop-4-22_1-23_Inflation-expectations-of-Austrian-households.pdf Inflation expectations of Austrian households and firms amid high inflation (PDF, 525 kB) Messner, Rumler.
- /dam/jcr:5181664c-6d8b-4452-bd23-2c5e23bdd8fe/05_Mop-4-22_1-23_Who-pays-the-price-when-prices-rise.pdf Who pays the price when prices rise? (PDF, 930 kB) Fessler, Fritzer, Salish.
- /dam/jcr:1c700541-1cf2-42ce-b6ab-d454f450fd77/06_Mop-4-22_1-23_Wages-inflation-and-a-negative-supply-shock.pdf Wages, inflation and a negative supply shock (PDF, 699 kB) Stiglbauer.
- /dam/jcr:8a24514e-5b3e-4db9-b96e-bc215a07bf88/07_Mop-4-22_1-23_Fighting-the-effects-of-inflation.pdf Fighting (the effects of) inflation: government measures in Austria and the EU (PDF, 601 kB) Prammer, Reiss.
- /dam/jcr:a2b2616a-6628-45fa-9954-28b79a5681b1/08_Mop-4-22_1-23_How-effective-were-fiscal-support-measures.pdf How effective were fiscal support measures in absorbing the inflation-induced rise in consumption expenditures in 2022? (PDF, 659 kB) Maidorn, Reiss.
- /dam/jcr:5d8bac2d-d1c3-462d-bc9b-e9ec0d27d025/09_Mop-4-22_1-23_Quantifying-the-impact-of-the-2021-22-inflation.pdf Quantifying the impact of the 2021–22 inflation shock on Austria’s public finances (PDF, 808 kB) Holler, Reiss.
2022
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Monetary Policy and the Economy Q3/22
November 2022/dam/jcr:dc6d5595-7d1e-4b93-9547-041063f9449a/Mop_q3_22.pdf Full version (PDF, 1.7 MB) Download
HTML version- /dam/jcr:cc97007a-76d2-4706-9bb2-69ae414947a8/01_Mop_q3_22_Austrian-economy.pdf Austrian economy to slow down after strong first half (PDF, 596 kB) Fritzer, Schneider, Sellner, Stiglbauer, Vondra.
- /dam/jcr:770e6386-4590-4140-aa26-3fea266ef55a/02_Mop_q3_22_Nontechnical-summaries.pdf Nontechnical summaries (in English and German) (PDF, 128 kB)
- /dam/jcr:11a9436f-26d1-4cb8-a728-52a733bf634a/03_Mop_q%203_22_What-is-the-impact-of-carbon-pricing.pdf What is the impact of carbon pricing on inflation in Austria? (PDF, 766 kB) Breitenfellner, Fritzer, Prammer, Rumler, Salish.
- /dam/jcr:3b738a8d-8c72-4218-82ce-2d4ede1749c4/04_Mop_q3_22_Where-have-all-the-insolvencies-gone.pdf Where have all the insolvencies gone? (PDF, 428 kB) Elsinger, Fessler, Kerbl, Schneider, Schürz, Wiesinger, Wuggenig.
- /dam/jcr:27d569fa-11ee-4c61-b7a2-b53b4830bdf8/05_Mop_q3_22_The-return-of-inflation.pdf The return of inflation (PDF, 216 kB) Gnan, Messner, Rieder, Rumler, Salish.
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Monetary Policy and the Economy Q1–Q2/22
June 2022 20 years of euro cash in Austria/dam/jcr:cca8ceb7-5cc6-451b-920d-0a64e29652de/Mop_Q1-2_22.pdf Full version (PDF, 3.9 MB) Download
HTML version- /dam/jcr:02750872-573c-4862-ace0-19a28e75d5f0/01_Mop_Q1-2_22_Call-for-applications.pdf Call for applications: Klaus Liebscher Economic Research Scholarship (PDF, 56 kB)
- /dam/jcr:4f9a7847-baf4-4e63-a7dd-d30d2f72025c/02_Mop_Q1-2_22_Editorial.pdf Editorial: 20 years of euro cash in Austria (PDF, 76 kB)
- /dam/jcr:7faa10e9-935c-48fd-876c-6961ba605c0d/03_Mop_Q1-2_22_Nontechnical-summaries.pdf Nontechnical summaries in English and German (PDF, 125 kB)
- /dam/jcr:645c8db4-2d7e-4d41-9d88-dc920bca2a19/04_Mop_Q1-2_22_Past-and-future-development-of-euro-cash-in-Austria.pdf Past and future development of euro cash in Austria – resilience in light of technological change and economic crises (PDF, 1.1 MB) Schautzer, Stix.
- /dam/jcr:71bb9a03-6ee9-4a5e-90b2-c1eabb07741f/05_Mop_Q1-2_22_From-Sepa-to-the-digital-euro.pdf From SEPA to the digital euro: payments past, present and future (PDF, 1.2 MB) Asel, Mingione, Niederländer, Nitsche.
- /dam/jcr:dde140cf-1329-4293-b94c-cd42cca627ff/06_Mop_Q1-2_22_How-much-cash-is-in-crypto.pdf How much cash is in crypto? (PDF, 207 kB) Weber.
- /dam/jcr:0e3c00d6-2e0a-4089-b23c-5604e60ebde5/07_Mop_Q1-2_22_A-digital-euro-and-the-future-of-cash.pdf A digital euro and the future of cash (PDF, 347 kB) Hermanky, Summer.
- /dam/jcr:59eef5a1-77af-4103-9d66-07ba021a0b47/08_Mop_Q1-2_22_Should-the-use-of-cash-be-limited.pdf Should the use of cash be limited? (PDF, 191 kB) Schroth, Vyborny, Ziskovsky.
- /dam/jcr:2bd1faf5-d844-4e24-8003-483e842dd3b4/09_Mop_Q1-2_22_the-use-of-euro-cash-as-a-store-of-value-in-cesee.pdf The use of euro cash as a store of value in CESEE (PDF, 1.1 MB) Bittner, Scheiber.
2021
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Monetary Policy and the Economy Q4/21
January 2022/dam/jcr:2e709e48-03fc-46ab-9f71-e352859b8fc7/Mop_q4_21.pdf Full version (PDF, 3.3 MB) Download
HTML version- /dam/jcr:7b248483-5101-405f-9be1-28307a6e9ee5/01_mop_q4_21_Call-for-applications.pdf Call for applications: Klaus Liebscher Economic Research Scholarship (PDF, 56 kB)
- /dam/jcr:026bd314-7aa2-443b-b90e-5949b1afe365/02_mop_q4_21_Nontechnical-summaries%20.pdf Nontechnical summaries in English and German (PDF, 86 kB)
- /dam/jcr:b1f61691-5593-48be-8d6d-f48a85fea2a5/03_mop_q4_21_Exchange-rate-index-update-for-Austria.pdf Exchange rate index update for Austria shows lower effective appreciation than previously measured (PDF, 852 kB) Glauninger, Url, Vondra.
- /dam/jcr:46d752c5-b728-49e5-9051-2d7efba303d6/04_mop_q4_21_Private-consumption-and-savings.pdf Private consumption and savings during the COVID-19 pandemic in Austria (PDF, 442 kB) Schneider, Sellner.
- /dam/jcr:37664c81-2d0d-409e-8d33-a19fc2b25854/05_mop_q4_21_A-new-instrument-to-measure-wealth-inequality.pdf A new instrument to measure wealth inequality: distributional wealth accounts (PDF, 786 kB) Kennickell, Lindner, Schürz.
- /dam/jcr:e42a3f98-2ed1-49a1-856c-9172a502144b/06_mop_q4_21_Payment-behavior-in-Austria.pdf Payment behavior in Austria during the COVID-19 pandemic (PDF, 719 kB) Höpperger, Rusu.
- /dam/jcr:cac4bf42-510c-46eb-b0ba-56bce2eabaf3/07_mop_q4_21_Strong-economic-rebound.pdf Strong economic rebound amid high uncertainty about impact of Omicron variant. Economic outlook for Austria from 2021 to 2024 (December 2021). (PDF, 1 MB) Fritzer, Prammer, Salish, Schneider, Sellner.
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Monetary Policy and the Economy Q3/21
October 2021/dam/jcr:d79dec3e-573b-4dc2-8f25-866484ec9d12/mop_q3_21.pdf Full version (PDF, 2.1 MB) Download
HTML version- /dam/jcr:6a3cd34f-761b-434f-9402-83e584cd5476/01_mop_q3_21_Call-for-applications.pdf Call for applications: Klaus Liebscher Economic Research Scholarship (PDF, 55 kB)
- /dam/jcr:c146106f-b682-4bcb-b927-40c5f7ab8090/02_mop_q3_21_Nontechnical-summaries.pdf Nontechnical summaries in English and German (PDF, 94 kB)
- /dam/jcr:8a6fe033-74e0-4487-8a9b-f24e671b795d/03_mop_q3_21_Austrian-economy-growing-strongly-in-mid-2021.pdf Austrian economy growing strongly in mid-2021 (PDF, 449 kB) Fritzer, Schneider, Sellner, Vondra.
- /dam/jcr:21fb73a1-1b16-466a-ab59-b16448727a54/04_mop_q3_21_How-effective-were-measures-introduced-in-the-COVID-19-crisis-in-supporting-household-incomes.pdf How effective were measures introduced in the COVID-19 crisis in supporting household incomes? (PDF, 542 kB) Maidorn, Reiss.
- /dam/jcr:4c330b56-f7e9-432a-bf44-b9c9d5a07543/04_mop_3_21_de_treffsicherheit-massnahmen-zur-stuetzung-haushaltseinkommen-waehrend-covid-19-krise.pdf Treffsicherheit der Maßnahmen zur Stützung der Haushaltseinkommen während der COVID-19-Krise in Österreich (PDF, 559 kB) Maidorn, Reiss.
- /dam/jcr:a444815b-272f-4801-8f4a-1108533fc67c/05_mop_q3_21_Corporate-equity-finance-in-Austria.pdf Corporate equity finance in Austria – impediments and possible improvements (PDF, 989 kB) Breyer, Endlich, Huber, Oswald, Prenner, Reiss, Schneider, Waschiczek.
- /dam/jcr:0bd581bd-e31f-40ae-ac68-578957ea05ef/05_mop_q3_21_Eigenkapitalausstattung-oesterreichischer-Unternehmen.pdf Eigenkapitalausstattung österreichischer Unternehmen – Hindernisse und Handlungsoptionen (PDF, 878 kB) Breyer, Endlich, Huber, Oswald, Prenner, Reiss, Schneider, Waschiczek.
- /dam/jcr:b6930c5a-0a9e-428e-a78f-73d76d97d113/06_mop_q3_21_The-impact-of-climate-change-on-monetary-policy.pdf The impact of climate change on monetary policy (PDF, 344 kB) Breitenfellner, Pointner.
- /dam/jcr:9cfdf869-036c-40af-b7b1-bca7b444ded0/07_mop_q3_21_Gender-money-and-finance.pdf Gender, money and finance (PDF, 161 kB) Niederländer, Ritzberger-Grünwald, Turner-Hrdlicka.
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Monetary Policy and the Economy Q2/21
July 2021/dam/jcr:f0aa2d93-2eee-469b-8d0a-de88de0c3cd2/mop_Q2_21.pdf Full version (PDF, 4.1 MB) Download
HTML version- /dam/jcr:b578aff9-4fa5-454a-9be7-4da13080da32/01_mop_Q2_21_Call-for-applications.pdf Call for applications: Klaus Liebscher Economic Research Scholarship (PDF, 75 kB)
- /dam/jcr:865fdf68-1d19-4258-8b46-60ad2b5e4eaf/02_mop_Q2_21_Nontechnical-summaries.pdf Nontechnical summaries in English and in German (PDF, 101 kB)
- /dam/jcr:deed11c3-f8aa-498b-a036-8a4a73023d6f/03_mop_Q2_21_Distributed-ledger-technologies.pdf Distributed ledger technologies for securities settlement – the case for running T2S on DLT (PDF, 967 kB) Hackel, Haunold, Hermanky, Taudes.
- /dam/jcr:45937cab-6e83-4a57-9cc5-57b56c3af9db/04_mop_Q2_21_The-share-of-zombie-firms.pdf The share of zombie firms among Austrian nonfinancial companies (PDF, 952 kB) Beer, Ernst, Waschiczek.
- /dam/jcr:1b461b37-0413-4485-9322-d083d83dce04/05_mop_Q2_21_%20Austrias-labor-market.pdf Austria’s labor market during the COVID-19 crisis (PDF, 1.3 MB) Ragacs, Reiss.
- /dam/jcr:d1178846-e0eb-420e-bb5c-2840c7f77b31/06_mop_Q2_21_Outlook_Economic-recovery.pdf Economic recovery aided by coronavirus vaccine rollout. Economic outlook for Austria from 2021 to 2023 (June 2021) (PDF, 1.3 MB) Ragacs, Sellner, Vondra.
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Monetary Policy and the Economy Q4/20 – Q1/21
March 2021 COVID-19 and the Austrian economy: selected issues/dam/jcr:372a809d-0704-4786-97eb-9bdb215f042b/mop_Q4_20-Q1_21.pdf Full version (PDF, 5.7 MB) Download
HTML version- /dam/jcr:1bd8e385-2ea8-4b8d-bc25-f90a1bb3ca10/01_mop_Q4_20-Q1_21_Call-for-Applications.pdf Call for applications: Klaus Liebscher Economic Research Scholarship (PDF, 44 kB)
- /dam/jcr:876a09b8-094b-45ed-93c8-658594cd79ba/02_mop_Q4_20-Q1_21_Nontechnical-summaries.pdf Nontechnical summaries (in Englisch and German) (PDF, 116 kB)
- /dam/jcr:805f2314-6a73-4467-aebe-3267c551276f/03_mop_Q4_20-Q1_21_Monitoring-the-economy-in-real-time.pdf Monitoring the economy in real time with the weekly OeNB GDP indicator: background, experience and outlook (PDF, 745 kB) Fenz, Stix.
- /dam/jcr:7edfa13d-a743-40ed-914d-f8387f134296/04_mop_Q4_20-Q1_21_Austrian-tourism-sector-badly-hit-by-COVID-19-pandemic.pdf Austrian tourism sector badly hit by COVID-19 pandemic (PDF, 1.1 MB) Fenz, Stix, Vondra.
- /dam/jcr:6b5cb0c2-cf59-4ae7-877e-2f7d1f084c09/05_mop_Q4_20-Q1_21_Prices-and-inflation-in-Austria.pdf Prices and inflation in Austria during the COVID-19 crisis – an analysis based on online price data (PDF, 313 kB) Beer, Rumler, Tölgyes.
- /dam/jcr:560528ca-26fc-4d1e-ad2c-9b01e4b1287b/06_mop_Q4_20-Q1_21_Have-mitigating-measures-helped.pdf Have mitigating measures helped prevent insolvencies in Austria amid the COVID-19 pandemic? (PDF, 1.8 MB) Puhr, Schneider.
- /dam/jcr:d05a7f28-e7aa-43b8-b54d-9ffbe5ff3861/07_mop_Q4_20-Q1_21_How-has-COVID-19-affected-the-financial-situation.pdf How has COVID-19 affected the financial situation of households in Austria? (PDF, 845 kB) Albacete, Fessler, Kalleitner, Lindner.
- /dam/jcr:6b5724b4-fb28-48da-99f8-4d3980ad40f8/08_mop_Q4_20-Q1_21_The-effects-of-the-monetary-policy-response.pdf The effects of the monetary policy response to the COVID-19 pandemic: preliminary evidence from a pilot study using Austrian bank-level data (PDF, 597 kB) Kwapil, Rieder.
- /dam/jcr:2f043226-9503-4b75-9640-5ff512df5a12/09_mop_Q4_20-Q1_21_Unprecedented-fiscal-(re)actions-to-ease-the-impact.pdf Unprecedented fiscal (re)actions to ease the impact of the COVID-19 pandemic in Austria (PDF, 284 kB) Prammer.
- /dam/jcr:46195191-6aeb-4a7b-a767-6da355cc13f7/10_mop_Q4_20-Q1_21_Second-wave-of-COVID-19-pandemic-delays-economic-recovery.pdf Second wave of COVID-19 pandemic delays economic recovery. Economic outlook for Austria from 2020 to 2023 (December 2020) (PDF, 782 kB) Fenz, Schneider.
2020
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Monetary Policy and the Economy Q3/20
November 2020/dam/jcr:beb8ec81-c55a-4b6d-aa64-447bab068a60/MOP_Q3_20.pdf Full version (PDF, 3.5 MB) Download
HTML version- /dam/jcr:6ae9a2a3-bc28-41d6-80e2-0f3229b544a0/01_MOP_Q3_20_Call-for-applications.pdf Call for applications: Klaus Liebscher Economic Research Scholarship (PDF, 69 kB)
- /dam/jcr:b5bf7230-78ec-456d-8b38-0ccbfbddcc25/02_MOP_Q3_20_NTS.pdf Nontechnical summaries in English and in German (PDF, 97 kB)
- /dam/jcr:939e7d94-6d63-4e33-9b90-6067fbe0130a/03_MOP_Q3_20_Rising-infection-rates.pdf Rising infection rates threaten to derail economic recovery (PDF, 588 kB) Fenz, Fritzer, Glatzer, Schneider, Stix, Vondra.
- /dam/jcr:d0e4d3c1-83a2-466d-8efe-6749fc075d9b/04_MOP_Q3_20_Financial-literacy-in-Austria.pdf Financial literacy in Austria – focus on millennials (PDF, 946 kB) Fessler, Jelovsek, Silgoner.
- /dam/jcr:45718d4f-78a3-460e-97f1-8232b93ce994/05_MOP_Q3_20_A-spatial-analysis-of-access-to-ATMs.pdf A spatial analysis of access to ATMs in Austria (PDF, 1.5 MB) Stix.
- /dam/jcr:ca9a17b8-4fa3-4165-927b-b5e802a2d2e4/06_MOP_Q3_20_A-new-long-run-consumer-price-index.pdf A new long-run consumer price index for Austria (1800–2018) (PDF, 782 kB) Hubmann, Jobst, Maier.
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Monetary Policy and the Economy Q1-Q2/20
July 2020 25 Jahre EU-Mitgliedschaft Österreichs – Stabilität und Wachstum durch Integration/dam/jcr:d9e8a0fe-7c9d-493e-9009-0e5a372001ce/MOP_Q1_2_20.pdf Full version (PDF, 6.5 MB) Download
HTML version- /dam/jcr:daf7fc33-7a96-4055-9ec1-a24b062f10c2/01_MOP_Q1_2_20_Call-for-applications.pdf Call for applications: Klaus Liebscher Economic Research Scholarship (PDF, 82 kB)
- /dam/jcr:d53e41b7-834d-4169-b3d3-69fd034d2cd7/02_MOP_Q1_2_20_Editorial.pdf Editorial (PDF, 143 kB)
- /dam/jcr:9235f907-d208-4256-92b2-b32f6136d352/03_MOP_Q1_2_20_Zusammenfassungen.pdf Zusammenfassungen in Englisch und Deutsch (PDF, 176 kB)
- /dam/jcr:9e657bb7-c985-4364-b40e-9c86aed400b1/04_MOP_Q1_2_20_Makrooekonomische-Effekte.pdf Makroökonomische Effekte der 25- jährigen EU-Mitgliedschaft Österreichs (PDF, 588 kB) Breuss.
- /dam/jcr:3e7ab028-a084-453b-9428-a229bf37b180/05_MOP_Q1_2_20_Konvergenz.pdf Konvergenz, Produktionsintegration und Spezialisierung in Europa seit 1995 (PDF, 478 kB) Stehrer.
- /dam/jcr:f1c3657a-8a65-4bd7-9b34-e02b778396aa/06_MOP_Q1_2_20_Entwicklung-von-Produktivitaet.pdf Entwicklung von Produktivität und Profitabilität heimischer Unternehmen während der EU-Mitgliedschaft (PDF, 844 kB) Fenz, Ragacs, Schneider, Vondra.
- /dam/jcr:9e654d68-c989-462e-93c1-7139a00a258d/07_MOP_Q1_2_20_eu-mitgliedschaft.pdf EU-Mitgliedschaft, EU-Erweiterung und die Auswirkungen auf den österreichischen Arbeitsmarkt (PDF, 742 kB) Stiglbauer.
- /dam/jcr:0c0276ee-d553-434a-954a-8f960b983720/08_MOP_Q1_2_20_Freizuegigkeit-des-Dienstleistungsexports.pdf Freizügigkeit des Dienstleistungsexports im EU-Binnenmarkt und Effekte auf die österreichische Wirtschaft (PDF, 837 kB) Kolleritsch, Walter.
- /dam/jcr:98d8f5a0-355c-4932-a49b-395e7e413401/09_MOP_Q1_2_20_Auswirkungen-der-EU-Mitgliedschaft.pdf Auswirkungen der EU-Mitgliedschaft auf ausländische Greenfield-Direktinvestitionen (PDF, 389 kB) Christen, Falk.
- /dam/jcr:3c7765fd-c2b7-4738-a299-75269663862a/10_MOP_Q1_2_20_Die-Expansion.pdf Die Expansion der österreichischen Banken nach Zentral-, Ost- und Südosteuropa (PDF, 735 kB) Kavan, Wittenberger.
- /dam/jcr:846d2516-008d-4784-b3fd-203ddbf13b03/11_MOP_Q1_2_20_das-europaeische-regelwerk.pdf Das europäische Regelwerk für Bankenaufsicht und sein institutioneller Rahmen seit dem EU-Beitritt Österreichs (PDF, 899 kB) Boss, Kaden, Schwaiger.
- /dam/jcr:ad590ef5-4422-44ac-89bf-02158a8d0c40/12_MOP_Q1_2_20_Wettbewerbspolitik.pdf Wettbewerbspolitik in Österreich im europäischen Kontext – Rückblick und Ausblick 25 Jahre nach dem EU-Beitritt (PDF, 381 kB) Böheim.
- /dam/jcr:48cce2e4-e343-47e3-afcb-b49e0204b096/13_MOP_Q1_2_20_Langfristige-Determinanten.pdf Langfristige Determinanten der österreichischen Inflation – die Rolle des EU-Beitritts (PDF, 639 kB) Messner, Rumler.
- /dam/jcr:34b31a9b-1b56-48c1-bd9f-73e3eda179e0/14_MOP_Q1_2_20_Die-Entwicklung.pdf Die Entwicklung des EU-Haushalts und die Auswirkungen auf Österreich (PDF, 664 kB) Köhler-Töglhofer, Reiss.
- /dam/jcr:4b33febb-f2fa-4d9d-993c-3abf935d25e2/15_MOP_Q1_2_20_Wirtschaftspolitische-Empfehlungen.pdf Wirtschaftspolitische Empfehlungen in der EU und deren Umsetzungsbilanz in Österreich (PDF, 518 kB) Auböck, Prammer.
- /dam/jcr:c0d0a0bc-1e28-409b-a7f8-51dc439560df/16_MOP_Q1_2_20_COVID-19-induced-recession.pdf COVID-19-induced recession: biggest economic policy challenge for Austria in the “Second Republic” (PDF, 1.1 MB) Fenz, Ragacs, Schneider, Vondra.
- /dam/jcr:5a45d18c-07b1-4887-ab91-77bc5b1f5772/17_MOP_Q1_2_20_erratum.pdf Erratum (PDF, 63 kB)
2019
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Monetary Policy and the Economy Q4/19
January 2020/dam/jcr:0d2fdc0c-0027-4860-ab0c-15b245c9b03a/mop_%20q4_19.pdf Full version (PDF, 1.9 MB) Download
- /dam/jcr:8d03338a-8009-440a-a336-c4e9617842a6/call_for_applications_mop_%20q4_19.pdf Call for applications: Klaus Liebscher Economic Research Scholarship (PDF, 58 kB)
- /dam/jcr:ede26f39-7c53-4132-ac99-fc69542d90c6/nontechnical_summaries_mop_%20q4_19_screen-2.pdf Nontechnical summaries in English and German (PDF, 74 kB)
- /dam/jcr:edeb9f17-2945-425c-a747-679a91ed18c2/Weak_global_trade_darkens_growth_outlook_for_Austria_mop_%20q4_19_screen-3.pdf Weak global trade darkens growth outlook for Austria – Economic outlook for Austria from 2019 to 2022 (December 2019) (PDF, 1016 kB) Fenz, Schneider.
- /dam/jcr:76a17ad6-b352-4592-b230-2d8a3c6d3ad7/digitalization_mop_%20q4_19-screen-4.pdf Does digitalization require Central Bank Digital Currencies for the general public? (PDF, 255 kB) Pichler, Summer, Weber.
- /dam/jcr:ed43b82c-cbaa-45db-bce2-07d4e1d1faf9/joint_distribution_mop_%20q4_19_screen-5.pdf The joint distribution of wealth, income and consumption in Austria: a cautionary note on heterogeneity (PDF, 830 kB) Lindner, Schürz.
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Monetary Policy and the Economy Q3/19
October 2019/dam/jcr:6d2b5f21-0745-40e6-8457-11582500775c/MOP_Q319_screen.pdf Full version (PDF, 1.9 MB) Download
- /dam/jcr:d21aaf54-33c4-43f0-b17a-34ebdbb430e7/01_Klaus_Liebscher_Economic_Research_Scholarship_PB_MOP_Q319_screen.pdf Call for applications: Klaus Liebscher Economic Research Scholarship (PDF, 48 kB)
- /dam/jcr:241bd6f4-0d6a-4dd9-9a53-d96afa077660/02_Nontechnical_summaries_PB_MOP_Q319_screen.pdf Nontechnical summaries in English and German (PDF, 104 kB)
- /dam/jcr:11834058-730f-4847-a078-20824a37cf03/03_Modest_economic_downturn_PB_MOP_Q319_screen.pdf Modest economic downturn in Austria on the back of a slowing global economy (PDF, 710 kB) Fenz, Fritzer, Glatzer, Schneider.
- /dam/jcr:9a6221ef-5958-44f5-a618-a46d8e0892d9/04_Equity_ratios_PB_MOP_Q319_screen.pdf Equity ratios of Austrian nonfinancial corporations – evidence from balance sheet data (PDF, 459 kB) Beer, Waschiczek.
- /dam/jcr:93516a75-bb8e-4ca3-97c3-2877ae769400/05_Challenges_for_measuring_PB_MOP_Q319_screen.pdf Challenges for measuring inflation in a digital world from a monetary policy perspective (PDF, 304 kB) Ritzberger-Grünwald, Rumler.
- /dam/jcr:a2796425-53db-4058-9381-d05441292da3/06_Exploring_imbalances_PB_MOP_Q319_screen.pdf Exploring supply and demand-driven imbalances in Austria’s housing market (PDF, 550 kB) Schneider.
- /dam/jcr:165a77a7-df86-4bf1-928b-8ed6313069f5/07_European_Economic_and_Monetary_Union_PB_MOP_Q319_screen.pdf European Economic and Monetary Union: The first and the next 20 years (PDF, 202 kB) Balling, Gnan, Warum.
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Monetary Policy and the Economy Q1-Q2/19
May 2019 20 years of the euro in Austria/dam/jcr:749e96ae-2b3f-43f3-afbc-fafdddca7358/mop_Q1_Q2_19_screen_plus_Prognose.pdf Full version (PDF, 4.2 MB) Download
- /dam/jcr:2e2afe39-6239-4efa-a36d-c36aa1c0ebac/01_call_for_applications_mop_Q1_Q2_19.pdf Call for applications: Klaus Liebscher Economic Research Scholarship (PDF, 44 kB)
- /dam/jcr:6861d909-467c-4222-8876-e6bb36edcccf/02_nontechnical_summaries_mop_Q1_Q2_19.pdf Nontechnical summaries in English and German (PDF, 172 kB)
- /dam/jcr:6f2db5ce-0e6d-489c-9571-176c7784a022/03_editorial_mop_Q1_Q2_19.pdf Editorial (PDF, 78 kB)
- /dam/jcr:89529d96-ba31-45d9-bd03-8e3938ec5a1d/04_fritzer_rumler_mop_Q1_Q2_19.pdf Inflation in Austria since the introduction of the euro (PDF, 783 kB) Fritzer, Rumler.
- /dam/jcr:be33bee6-6584-4374-9bc0-3ae7a5fd71b2/05_fenz_ragacs_stiglbauer_mop_Q1_Q2_19.pdf Aggregate wage developments in Austria since the introduction of the euro (PDF, 713 kB) Fenz, Ragacs, Stiglbauer.
- /dam/jcr:4e5a6ff0-7e2a-4177-aa82-2514f6ddf530/06_gnan_valderrama_waschiczek_mop_Q1_Q2_19.pdf Financing conditions in Austria since the introduction of the euro (PDF, 779 kB) Gnan, Valderrama, Waschiczek.
- /dam/jcr:0b4f659d-7645-4e75-8dab-04810b8205c7/07_koehler-toeglhofer_prammer_reiss_mop_Q1_Q2_19.pdf (How) has EMU affected fiscal policy in Austria? (PDF, 504 kB) Prammer, Reiss.
- /dam/jcr:a7354c93-f719-4052-b3f8-63d45ea6b53c/08_jobst_kwapil_mop_Q1_Q2_19.pdf Monetary policy of the Eurosystem and the OeNB’s balance sheet (PDF, 560 kB) Jobst, Kwapil.
- /dam/jcr:6050bfa9-7335-4376-bbb2-21bf117f5e98/09_schautzer_stix_mop_Q1_Q2_19.pdf Approaching 20 years of euro cash in Austria: What has changed, and what’s next? (PDF, 456 kB) Schautzer, Stix.
- /dam/jcr:8743c128-0974-4670-ba9b-6a6cdd1008ff/10_dorfmeister_mop_Q1_Q2_19.pdf The euro’s effects on noncash retail payments (PDF, 328 kB) Dorfmeister.
- /dam/jcr:17f55a34-4fc8-401a-8397-9092293e2c4d/11_posch_schmitz_steiner_ubl_mop_Q1_Q2_19.pdf The case for macroprudential policy as a stabilizing tool for the euro area (PDF, 417 kB) Posch, Schmitz, Steiner, Ubl.
- /dam/jcr:c064276f-10a8-4285-98f2-3300339648b3/prognose_2019_06_en.pdf Economic growth slows in Austria as global economy weakens – Economic outlook for Austria from 2019 to 2021 (June 2019) (PDF, 927 kB) Ragacs, Vondra.
2018
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Monetary Policy and the Economy Q4/18
January 2019 Eurosystem Household Finance and Consumption Survey 2017 for Austria/dam/jcr:dbd38afc-b202-436e-8869-08ad1c77f321/mop_%20q4_18_screen_1906korr.pdf Full version (PDF, 1.7 MB) Download
- /dam/jcr:f9c65088-7803-4eb8-9506-0a276e5ef771/1_mop_q4_18_call_for_applications.pdf Call for applications: Visiting Research Program (PDF, 56 kB)
- /dam/jcr:e4a948ab-f301-45e9-84ed-288c022d28e4/2_mop_%20q4_18_nontechnical_summaries_screen.pdf Nontechnical summaries in English and German (PDF, 63 kB)
- /dam/jcr:c0b34ecd-10d7-4cf7-ac2c-846f884a5234/Prognose_Dez%202018_EN_screen_1906korr.pdf From boom to stable growth in Austria. Economic outlook for Austria from 2018 to 2021 (December 2018) (PDF, 591 kB) Fenz, Schneider.
- /dam/jcr:8b5436a3-72a2-415a-a0b3-ea476c371a0c/4_mop_%20q4_18_screen.pdf Eurosystem Household Finance and Consumption Survey 2017 for Austria (PDF, 1.1 MB) Fessler, Lindner, Schürz.
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Monetary Policy and the Economy Q4/18 – Addendum
January 2019 Eurosystem Household Finance and Consumption Survey 2017 for Austria – Methodological notes for Austria/dam/jcr:98e41d22-0b43-4173-aa97-bcca7ff703b7/mop_%20q4_18_addendum.pdf Full version (PDF, 1.6 MB) Download
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Monetary Policy and the Economy Q3/18
October 2018 Digital banking and finance/dam/jcr:28785954-e0d8-4290-b617-73858eb3d254/MOP_Q3_18.pdf Full version (PDF, 1.9 MB) Download
- /dam/jcr:eb61de60-1aa9-424b-b42c-23f5bdcce27c/01_MOP_Q3_18.pdf Call for applications: Visiting Research Program (PDF, 59 kB)
- /dam/jcr:6d48fde8-ce7d-4566-b0a7-0e7349d7f3e2/02_MOP_Q3_18_nontechnical_s.pdf Nontechnical summaries in English and German (PDF, 88 kB)
- /dam/jcr:82224617-5f81-4468-a251-1efebdc52c54/03_MOP_Q3_18_fenz.pdf Austria's economy set to grow by close to 3% in 2018 (PDF, 614 kB) Fenz, Fritzer, Rumler, Schneider.
- /dam/jcr:ec538ddf-a492-41bc-9e2c-7585878c51b1/04_MOP_Q3_18-pichler.pdf Digital money (PDF, 312 kB) Pichler, Schierlinger-Brandmayr, Summer.
- /dam/jcr:e4ca857e-1fa8-4820-b4c0-0ef278b8b491/05_MOP_Q3_18_pointner.pdf A primer on peer-to-peer lending: immediate financial intermediation in practice (PDF, 237 kB) Pointner, Raunig.
- /dam/jcr:3df600cb-ce76-4223-af84-9d5783f3146d/06_MOP_Q3_18_ritzberger.pdf How Austrians bank and pay in an increasingly digitalized world – results from an OeNB survey (PDF, 1 MB) Ritzberger-Grünwald, Stix.
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Monetary Policy and the Economy Q2/18
June 2018 Europe 2030: building a more resilient European monetary union/dam/jcr:621dfd10-c44d-4d3e-a3a2-4b08dd1ed94c/MOP_2_18_Screen_neu.pdf Full version (PDF, 2.9 MB) Download
- /dam/jcr:839b0605-44ca-4326-8472-e1bb59de7d08/01_mop_2_18_call_for_applications.pdf Call for applications: Visiting Research Program (PDF, 55 kB)
- /dam/jcr:6bc963bd-21ed-4aa1-ab3a-7155db222609/02_mop_2_18_editorial.pdf Editorial (PDF, 49 kB)
- /dam/jcr:97e32257-4649-4aaa-bb5b-8019707de491/03_mop_2_18_monetary_policy_after_the_crisis.pdf Monetary policy after the crisis: mandates, targets, and international linkages (PDF, 466 kB) Gnan, Kwapil, Valderrama.
- /dam/jcr:9e0d7b06-1196-48ac-b6c7-5398b2e7e579/04_MOP_2_18_Strengthening%20the%20euro%20area.pdf Strengthening the euro area by addressing flawed incentives in the financial system (PDF, 341 kB) Posch, Schmitz, Strobl.
- /dam/jcr:d9e8bdcc-fb74-4de0-9c28-af2bf4c00391/05_mop_2_18_proportionality_in_banking_regulation.pdf Proportionality in banking regulation (PDF, 505 kB) Boss, Lederer, Mujic, Schwaiger.
- /dam/jcr:053fb0f5-e413-4f48-8f28-92bea156ab17/06_mop_2_18_capital_markets_union.pdf Capital markets union: a more diverse financial landscape in the EU? (PDF, 495 kB) Beer, Waschiczek.
- /dam/jcr:0a5b9f16-3e27-486e-8a71-9dc7286c2aa8/07_mop_2_18_stabilization_and_shock_absorption.pdf Stabilization and shock absorption instruments in the EU and the euro area – the status quo (PDF, 350 kB) Katterl, Köhler-Töglhofer.
- /dam/jcr:fe1eeb9e-db4c-43b2-8d42-11adf2d4f051/08_mop_2_18_how_to_increase_fiscal_stabilization.pdf How to increase fiscal stabilization at the euro area level? (PDF, 520 kB) Prammer, Reiss.
- /dam/jcr:efab3028-3ffe-4d97-8ead-8555215a4d4d/09_mop_2_18_structural_reforms_for_higher_productivity.pdf Structural reforms for higher productivity and growth (PDF, 596 kB) Fischer, Stiglbauer.
- /dam/jcr:46383102-fa40-4fc1-9d0a-e788a4e5d46a/MOP_2_18_Nontechnical-summaries.pdf Non-technical summaries in German (PDF, 132 kB)
- /dam/jcr:2b5841c2-f2a7-4d7a-a4ee-d0bde36934ae/10_mop_2_18_robust_growth_in_austria.pdf Robust growth in Austria: economic boom continues in 2018 – Economic outlook for Austria from 2018 to 2020 (June 2018) (PDF, 578 kB) Fenz, Ragacs, Schneider, Vondra.
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Monetary Policy and the Economy Q1/18
April 2018/dam/jcr:ee00a432-52f1-4aea-9402-bef432d86505/mop_2018_q1.pdf Full version (PDF, 849 kB) Download
- /dam/jcr:1ecacf5f-2021-48cf-9820-aeb5f7d1dfce/01_mop_2018_q1_Call_for_applications.pdf Call for applications: Visiting Research Program (PDF, 45 kB)
- /dam/jcr:5125e3ba-66d8-4286-8279-9033f2003be1/02_mop_2018_q1_Fenz_Fritzer_Schneider.pdf Austria's economy maintains growth momentum in first half of 2018 (PDF, 486 kB) Fenz, Fritzer, Schneider.
- /dam/jcr:a3752d2a-edf3-438f-9363-92e2c7f1d8a9/03_mop_2018_q1_Cupak_Fessler_Silgoner_Ulbrich.pdf Financial literacy in Austria: a survey of recent research results (PDF, 357 kB) Cupak, Fessler, Silgoner, Ulbrich.
2017
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Monetary Policy and the Economy Q4/17
December 2017/dam/jcr:33baa785-c58d-494a-828d-d40cad28ea1f/mop_2017_q4.pdf Full version (PDF, 1.2 MB) Download
- /dam/jcr:e2b31b9c-a30d-4a04-9390-6a66d0998220/01_mop_2017_q4.pdf Call for applications: Visiting Research Program (PDF, 45 kB)
- /dam/jcr:020c2b56-29e5-4908-bdab-eb90b86f2f91/02_mop_2017_q4.pdf Austria's thriving economy is fueled by lively exports and strong domestic demand (PDF, 624 kB) Fenz, Schneider.
- /dam/jcr:5c776700-bfa1-4826-9ae0-e23b9e08a011/03_mop_2017_q4.pdf Three small essays on public investment: economic rationales, the EU fiscal framework and some statistical comparisons (PDF, 409 kB) Prammer, Reiss.
- /dam/jcr:c72c0625-47f1-4e18-9a98-170e083f2e3a/04_mop_2017_q4.pdf Household's housing expenditure in Austria, Germany and Italy (PDF, 354 kB) Beer, Wagner.
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Monetary Policy and the Economy Q3/17
October 2017/dam/jcr:afbc2f95-0fb5-4cc6-9f15-ad1d61477733/mop_2017_q3_screen.pdf Full version (PDF, 1.1 MB) Download
- /dam/jcr:41df403d-953d-411d-abad-a0078491df0f/01_Call_for_mop_3_17.pdf Call for applications: Visiting Research Program (PDF, 53 kB)
- /dam/jcr:08680fa4-a9e8-4f2f-b306-3d9456e7250f/02_Fenz_mop_3_17.pdf Austria’s economy will grow by 2¾% in 2017 (PDF, 439 kB) Fenz, Fritzer, Schneider.
- /dam/jcr:cf4ebb4f-7c74-4764-9e6a-7fd9bfa121a0/03_Fessler_mop_3_17.pdf Zur Verteilung der Sparquoten in Österreich (PDF, 680 kB) Fessler, Schürz.
- /dam/jcr:9bdcca37-2612-4f1c-9881-a4e9b60ad2cd/04_Beer_Gnan_Mayer_mop_3_17.pdf The financial system of the future (PDF, 147 kB) Beer, Gnan, Mayer, Summer.
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Monetary Policy and the Economy Q2/17
June 2017/dam/jcr:b8aa6dbe-9f55-4dbf-8d60-7a0682245de5/mop_2017_q2_gesamt.pdf Full version (PDF, 2.8 MB) Download
- /dam/jcr:b7b78917-8346-4ddd-83e9-e9f3a521bf6a/mop_2017_q2_call_for_applications.pdf Call for applications: Visiting Research Program (PDF, 53 kB)
- /dam/jcr:750e782e-9b0b-4f13-bd06-753f9d256e04/mop_2017_q2_analyses_ragacs_vondra.pdf 2017 marked by accelerated economic growth and declining unemployment – Economic outlook for Austria from 2017 to 2019 (June 2017) (PDF, 690 kB) Ragacs, Vondra.
- /dam/jcr:0e908656-6385-4486-a437-7ed02c439ea5/mop_2017_q2_analyses_albacete_lindner.pdf How strong is the wealth channel of monetary policy transmission? A microeconometric evaluation for Austria (PDF, 996 kB) Albacete, Lindner.
- /dam/jcr:31ad8014-4bef-43a6-bfe3-7afb37755a34/mop_2017_q2_analyses_beer_waschiczek.pdf What is the financial sector’s contribution to the Austrian economy? (PDF, 784 kB) Beer, Waschiczek.
- /dam/jcr:d60886aa-b5bb-4122-8acf-2ad6d3b75470/mop_2017_q2_analyses_koehler_url_glauninger.pdf Revised competitiveness indicators for Austria reflect a comparatively stable competitiveness development of the Austrian economy over the longer horizon (PDF, 1.1 MB) Glauninger, Url.
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Monetary Policy and the Economy Q1/17
March 2017/dam/jcr:deb22899-f81f-4aa0-9c45-5c8948ad85e8/mop_2017_q1.pdf Full version (PDF, 2.1 MB) Download
- /dam/jcr:ffdfcc4c-55fb-4428-87c9-8d8f060f670e/mop_2017_q1_call%20for%20applications.pdf Call for applications: Visiting Research Program (PDF, 55 kB)
- /dam/jcr:6b668420-5d5b-489a-838c-ca9ea31455a5/mop_2017_q1_analyses%20english_Fenz_Schneider.pdf Economic upturn fueled by investment and consumer spending – Economic outlook for Austria from 2016 to 2019 (December 2016) (PDF, 566 kB) Fenz, Schneider.
- /dam/jcr:1e4120a6-2ffe-4adb-b24d-aebbbce74145/mop_2017_q1_analyses%20english_Walter.pdf Anatomy of Austria’s trade in services (PDF, 628 kB) Walter.
- /dam/jcr:1aac1940-8a93-4f37-be69-8ff90d676f39/mop_2017_q1_analyses%20german_Rusu_Stix.pdf Von Bar- und Kartenzahlern – Aktuelle Ergebnisse zur Zahlungsmittelnutzung in Österreich (PDF, 708 kB) Rusu, Stix.
- /dam/jcr:d575fb1b-f59c-4a74-8652-1c6e05cd5ce7/Cash-and-card-payments.pdf Cash and card payments – recent results of the Austrian payment diary survey (PDF, 435 kB) Rusu, Stix.
- /dam/jcr:6f852aac-aa70-480d-81c7-b3ccca849e04/mop_2017_q1_analyses%20german_Beer.pdf Österreich und die europäische Integration (PDF, 667 kB) Beer, Belabed, Breitenfellner, Ragacs, Weber.
- /dam/jcr:464a5af3-1954-4a4c-8206-a9e8198e1aa4/Beer-et-al-2017_EU-integration_impact-AT.pdf EU integration and its impact on Austria (PDF, 549 kB) Beer, Belabed, Breitenfellner, Ragacs, Weber.
2016
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Monetary Policy and the Economy Q3-4/16
September 2016 Two hundred years of central banking in Austria: selected topics/dam/jcr:eced09f9-b648-469d-9f4e-3e5a2b30edd5/mop_2016_q3.pdf Full version (PDF, 3.3 MB) Download
- /dam/jcr:dad21350-c0f6-4599-bcff-3fc72b42356e/mop_2016_q3_call_for_applications.pdf Call for applications: Visiting Research Program (PDF, 60 kB)
- /dam/jcr:29752216-a40d-4f34-bf13-0483032a9bf5/mop_2016_q3_in_focus_01_Beer_Gnan_Valderrama.pdf A (not so brief ) history of inflation in Austria (PDF, 954 kB) Beer, Gnan, Valderrama.
- /dam/jcr:8696fbb8-0ca5-4348-affb-7b7e057d2fd2/mop_2016_q3_in_focus_02_Fluch.pdf The measurement of inflation in Austria: a historical overview (PDF, 398 kB) Fluch.
- /dam/jcr:b8a7fa02-2d66-48bb-99b3-f20b7cde5127/mop_2016_q3_in_focus_03_Handler.pdf Two centuries of currency policy in Austria (PDF, 409 kB) Handler.
- /dam/jcr:0b034881-240b-45ed-952d-1e47014cf489/mop_2016_q3_in_focus_04_Prammer_Reiss_Koehler-Toeglhofer.pdf The financial relations between the Nationalbank and the government (PDF, 575 kB) Köhler-Töglhofer, Prammer, Reiss.
- /dam/jcr:b2641088-df0b-484a-91c1-6ede7d37b53e/mop_2016_q3_in_focus_05_Jobst_Stix.pdf Florin, crown, schilling and euro: an overview of 200 years of cash in Austria (PDF, 645 kB) Jobst, Stix.
- /dam/jcr:c84d4c27-6ace-4e8c-b1ef-d5cac58b69d3/mop_2016_q3_in_focus_06_Kernbauer.pdf Cashless payments in Austria: the role of the central bank (PDF, 423 kB) Kernbauer.
- /dam/jcr:ce383d85-91a4-4b23-b176-d47eaf91f3a7/mop_2016_q3_in_focus_07_Jobst_Rieder.pdf Principles, circumstances and constraints: the Nationalbank as lender of last resort from 1816 to 1931 (PDF, 448 kB) Jobst, Rieder.
- /dam/jcr:05d7fa7a-8dfd-42d2-a7cf-41cf38e43dec/mop_2016_q3_in_focus_08_Doeme_Schmitz_Steiner_Ubl.pdf The changing role of macroprudential policy in Austria after World War II (PDF, 410 kB) Döme, Schmitz, Steiner, Ubl.
- /dam/jcr:590c0b62-fd8d-4502-8bac-fd3e82c999f1/mop_2016_q3_in_focus_09_Schmitz.pdf The OeNB’s reaction to the end of the Bretton Woods system: tracing the roots of the Indicator (PDF, 275 kB) Schmitz.
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Monetary Policy and the Economy Q2/16
September 2016/dam/jcr:cf43bca9-b063-4112-83ee-745b497696da/mop_2016_q2.pdf Full version (PDF, 2.1 MB) Download
- /dam/jcr:2b27ad43-1827-4198-9e35-66fe1c82b9ac/mop_2016_q2_call%20for%20applications.pdf Call for applications: Visiting Research Program (PDF, 52 kB)
- /dam/jcr:99408954-e4d4-4c3c-99da-8659c30f4a25/mop_2016_q2_analyses.pdf Analyses - Economic recovery in 2016 after four years of weak growth – Economic outlook for Austria from 2016 to 2018 (June 2016) (PDF, 611 kB) Ragacs, Vondra.
- /dam/jcr:7a74106f-1d6e-48fd-ab25-cb765f678f6a/mop_2016_q2_in_focus.pdf In focus: Eurosystem Household Finance and Consumption Survey 2014 – first results for Austria (second wave) (PDF, 1.5 MB) Fessler, Lindner, Schürz.
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Monetary Policy and the Economy Q2/16 – Addendum
January 2017./dam/jcr:f0d9d5a3-4651-4db8-aa26-98a81ecb2d4b/mop_2016_q2_addendum.pdf Full version (PDF, 1.6 MB) Download
- /dam/jcr:dec26f04-40d4-446a-88b7-63c7ae623f91/00%20mop_2_16_addendum_key%20facts%20of%20the%20HFCS%20in%20austria.pdf Key facts of the HFCS in Austria (PDF, 71 kB)
- /dam/jcr:2b20845f-8a6e-48f7-9b2d-0d4b1d1a8dd9/01%20mop_2016_q2_addendum_introduction.pdf Introduction (PDF, 64 kB)
- /dam/jcr:1745e388-ba79-49ec-b573-5b3c343c3721/02%20mop_2016_q2_addendum_questionnaire.pdf Questionnaire (PDF, 278 kB)
- /dam/jcr:8d75775c-8b98-4911-8f75-be2e8bf60892/04%20mop_2016_q2_addendum_interviewers.pdf Interviewers (PDF, 120 kB)
- /dam/jcr:84f49adf-d32c-42da-a280-68585b447859/03%20mop_2016_q2_addendum_consistency%20checks%20and%20editing.pdf Consistency checks and editing (PDF, 262 kB)
- /dam/jcr:f07eaf9b-0e56-4cd8-9c0c-3827d18d73dd/mop_2016_q2_addendum_multiple%20imputations.pdf Multiple imputations (PDF, 232 kB)
- /dam/jcr:7f32f8da-20ae-4f51-afa6-9043ee7fbd1a/06%20mop_2016_q2_addendum_sampling.pdf Sampling (PDF, 564 kB)
- /dam/jcr:d2f65895-b1f2-48ce-afb6-99ec6f7f924a/07%20mop_2016_q2_addendum_contruction%20of%20surevey%20weights.pdf Construction of survey weights (PDF, 344 kB)
- /dam/jcr:bf6ae69a-f74e-4bc7-8ca6-33020d297d69/08%20mop_2016_q2_addendum_contruction%20of%20replicate%20weights%20for%20variance%20estimation.pdf Construction of replicate weights for variance estimation (PDF, 137 kB)
- /dam/jcr:ddd72096-a640-44d1-9e8b-7484700806ce/09%20mop_2016_q2_addendum_user%20guide.pdf User guide (PDF, 155 kB)
- /dam/jcr:e07e0c1a-54fc-4552-a1b6-fc3b4443951f/10%20mop_2016_q2_addendum_changes%20from%20the%20first%20to%20the%20second%20wave%20of%20the%20HFCS.pdf Changes from the first to the second wave of the HFCS (PDF, 257 kB)
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Monetary Policy and the Economy Q1/16
April 2016./dam/jcr:49bc7c29-87ce-4c20-bbc9-8e824fa504af/mop_2016_q1.pdf Full version (PDF, 2 MB) Download
- /dam/jcr:1eb81b11-d8de-40a6-b063-a041348172b3/mop_2016_q1_call%20for%20applications.pdf Call for applications: Visiting Research Program (PDF, 1.4 MB)
- /dam/jcr:2d1009e1-4064-44e8-a3aa-1b5793c3a459/mop_2016_q1_analyses01.pdf Austrian economy fueled by growth stimuli, yet fraught with external risks (PDF, 1.6 MB) Fenz, Rumler.
- /dam/jcr:d04aaa38-0bac-4c51-ad69-75396dabd10d/mop_2016_q1_analyses02.pdf Saving, portfolio and loan decisions of households when interest rates are very low – survey evidence for Austrian households (PDF, 1.6 MB) Beer, Gnan, Ritzberger-Grünwald.
- /dam/jcr:6bff50af-6c2f-4045-a37f-f5fc2986ea8d/mop_2016_q1_analyses03.pdf The Stability and Growth Pact since 2011: More complex – but also stricter and less procyclical? (PDF, 1.7 MB) Prammer, Reiss.
2015
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Monetary Policy and the Economy Q4/15
December 2015./dam/jcr:ae0bdf9d-6023-49da-90f0-c445057a420a/mop_2015_q4.pdf Full version (PDF, 1.1 MB) Download
- /dam/jcr:23931822-bd0f-4242-a292-c5a4f2a5e6cf/mop_2015_q4_call%20for%20applications.pdf Call for applications: Visiting Research Program (PDF, 56 kB)
- /dam/jcr:5125013b-6242-4340-aa57-3ae555351a31/mop_2015_q4_analyses01.pdf Austrian economy to grow at same pace as euro area economy in 2016 and 2017 (PDF, 432 kB) Fenz, Schneider.
- /dam/jcr:0f03e446-b58f-483d-af0f-561078420d89/mop_2015_q4_analyses02.pdf Interest rate perceptions and expectations when interest rates are low – survey evidence on Austrian households (PDF, 411 kB) Beer, Gnan, Ritzberger-Grünwald.
- /dam/jcr:99f14b02-1519-4824-9d6d-27d1bc41f5d7/mop_2015_q4_analyses03.pdf Financing the Austrian economy – a bird’s eye view based on the financial accounts from 1995 to 2014 and a look at the road ahead (PDF, 417 kB) Andreasch, Fessler, Schürz.
- /dam/jcr:c9bf1ed5-c286-4df4-98f3-6983205720e0/mop_2015_q4_event%20wrap-ups01.pdf The central bank balance sheet in the (very) long run – how to construct it, how to read it, what to learn from it (PDF, 118 kB) Jobst, Scheiber.
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Monetary Policy and the Economy Q3/15
September 2015./dam/jcr:bd11d5e6-c1af-4e9e-b23c-7158a194d514/mop_2015_q3.pdf Full version (PDF, 1.9 MB) Download
- /dam/jcr:9ee32dc1-3604-4af6-8fdb-9c560b4bc629/mop_2015_q3_analyses_01.pdf Austria: Sluggish economic growth (PDF, 459 kB) Schneider.
- /dam/jcr:3e939363-66ae-4bfe-9df0-4db0f9b78959/mop_2015_q3_analyses_02.pdf Causes of declining investment activity in Austria (PDF, 1 MB) Fenz, Ragacs, Schneider, Vondra, Waschiczek.
- /dam/jcr:0b45d11a-0220-4227-8373-f73993562411/mop_2015_q3_analyses_03.pdf Expected retirement age and pension benefits in Austria: evidence from survey data (PDF, 562 kB) Knell, Segalla, Weber.
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Monetary Policy and the Economy Q2/15
June 2015./dam/jcr:de5093a7-9e7a-45bb-aee8-db29c7f45cb5/mop_2015_q2.pdf Full version (PDF, 2.1 MB) Download
- /dam/jcr:927cc7aa-c976-4c10-af71-797d754af781/mop_2015_q2_analyses01.pdf Four-year economic downturn to end in 2016 – Economic outlook for Austria from 2015 to 2017 (June 2015) (PDF, 754 kB) Ragacs, Vondra.
- /dam/jcr:a23bbdba-3696-4ed8-a4d5-656bbf09e0e0/mop_2015_q2_analyses02.pdf Financial literacy gaps of the Austrian population (PDF, 559 kB) Greimel-Fuhrmann, Silgoner, Weber.
- /dam/jcr:2ab70bbf-d86d-463a-9cc4-879a063957d1/mop_2015_q2_analyses03.pdf Implications of ultra-low interest rates for financial institutions’ asset liability management – a policy-oriented overview (PDF, 912 kB) Gnan.
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Monetary Policy and the Economy Q1/15
March 2015./dam/jcr:788dd0c9-106d-4b02-b528-a30a221b3896/mop_2015_q1.pdf Full version (PDF, 1.5 MB) Download
- /dam/jcr:3af317be-13ea-4d99-9c4e-ef5a31903263/mop_2015_q1_analyses1.pdf Austria: Economic Growth in 2014 at 0.4% (PDF, 403 kB) Ragacs, Rumler, Schneider.
- /dam/jcr:e9758c87-b8a1-489e-8ceb-976d797b4d28/mop_2015_q1_analyses2.pdf Determinants of Inflation Perceptions and Expectations: an Empirical Analysis for Austria (PDF, 269 kB) Fritzer, Rumler.
- /dam/jcr:43e767d6-122f-4e78-b00c-658483eeddf6/mop_2015_q1_analyses3.pdf Impact of Inflation on Fiscal Aggregates in Austria (PDF, 631 kB) Prammer, Reiss.
- /dam/jcr:1d244e56-71e0-4403-9bbf-efa52dce7da6/mop_2015_q1_analyses4.pdf Housing Markets in Austria, Germany and Switzerland (PDF, 488 kB) Schneider, Wagner.
2014
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Monetary Policy and the Economy Q4/14
December 2014./dam/jcr:cfd5af3d-d1fd-4637-9523-e547de11784f/mop_2014_q4.pdf Full version (PDF, 844 kB) Download
- /dam/jcr:113b4d1f-d091-45f7-8822-7e9acd4a79e9/mop_2014_q4_analyses_1.pdf Growth Remains Weak in 2015 – Economic Outlook for Austria from 2014 to 2016 (December 2014) (PDF, 431 kB) Fenz, Schneider.
- /dam/jcr:962db514-0231-4120-bf5a-52f88fa9d484/mop_2014_q4_analyses_2.pdf A Common European Unemployment Insurance – A Much Debated Route toward European Fiscal Union (PDF, 294 kB) Beer, Köhler-Töglhofer, Stiglbauer.
- /dam/jcr:eefa1fcc-7f54-48e6-8e81-f18d18e4620c/mop_2014_q4_analyses_3.pdf Bitcoin – The Promise and Limits of Private Innovation in Monetary and Payment Systems (PDF, 226 kB) Weber.
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Monetary Policy and the Economy Q3/14
September 2014./dam/jcr:987d7b60-aaae-4a33-b28f-f6c01f5efa35/mop_2014_q3.pdf Full version (PDF, 3 MB) Download
- /dam/jcr:653c5e4d-7e0f-4375-8e02-fc924c45d6f4/mop_2014_q3_analyses_1.pdf Austrian GDP Growth at 0.8% in 2014 (PDF, 410 kB) Fenz.
- /dam/jcr:0bda344a-b453-4b54-80eb-5a211c3c66f7/mop_2014_q3_analyses_2.pdf Labor Productivity Developments in Austria in an International Perspective (PDF, 1.6 MB) Schneider.
- /dam/jcr:f0f31f39-803d-417b-aa40-b8f1f754be2d/mop_2014_q3_analyses_3.pdf How Gender-Specific Are Payments? A Study Based on Austrian Survey Data from 1996 to 2011 (PDF, 452 kB) Forstner, Wagner.
- /dam/jcr:e06c2ae9-d288-42ac-ab6f-f9e4656aeb33/mop_2014_q3_analyses_4.pdf Austria Holds Intra-EU Export Market Shares almost Constant despite Difficult Economic Environment (PDF, 824 kB) Vondra.
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Monetary Policy and the Economy Q2/14
June 2014./dam/jcr:c97e0c50-c141-4fef-8f34-13c27b9f19d2/mop_2014_q2_mon.pdf Full version (PDF, 985 kB) Download
- /dam/jcr:799600b4-242c-40b2-9bce-9803ab0fa0c1/mop_2014_q2_analyse1.pdf Moderate Upswing amid High Uncertainty – Economic Outlook for Austria from 2014 to 2016 (June 2014) (PDF, 1.4 MB) Ragacs, Vondra.
- /dam/jcr:e8788bd3-f4fb-4745-8f2e-bd10024ee54b/mop_2014_q2_analyse2.pdf Fiscal Projections by the Oesterreichische Nationalbank: Methods and Motives (PDF, 2.3 MB) Prammer, Reiss.
- /dam/jcr:5aeb43f1-193f-4905-89af-d55846035424/mop_2014_q2_analyse3.pdf Intergenerational Transmission: How Strong Is the Effect of Parental Homeownership? Results of a Survey on Households in Austria (PDF, 2.4 MB) Wagner.
- /dam/jcr:277a4091-25c5-48dc-b2fe-92a521ea539f/mop_2014_q2_analyse4.pdf Toward a European Banking Union: Taking Stock Summary of the 42nd OeNB Economics Conference in Vienna on May 12 and 13, 2014 (PDF, 2.1 MB) Elsinger, Waschiczek.
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Monetary Policy and the Economy Q1/14
March 2014./dam/jcr:d4578455-5bda-4bfc-8576-d38b2225fa9d/mop_2014_q1_gesamt.pdf Full version (PDF, 1.9 MB) Download
- /dam/jcr:31a6db92-2cdb-4411-ad9d-6ed4eaad5d46/mop_2014_q1_analyses1.pdf Austria: Economic Activity Picks Up at the Turn of the Year (PDF, 2 MB) Ragacs.
- /dam/jcr:c93d0698-dca4-4421-922b-b526b5cd158f/mop_2014_q1_analyses2.pdf The EU’s Reformed Institutional Framework and the Way Forward (PDF, 2.1 MB) Kment, Lindner.
2013
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Monetary Policy and the Economy Q4/13
December 2013./dam/jcr:fd7d284a-e8c5-4895-b565-31dd4298c55f/mop_2013_q4_gesamt.pdf Full version (PDF, 1.8 MB) Download
- /dam/jcr:efbdb13d-f786-45a6-8e4e-ba618dc478e9/mop_2013_q4_analyses1.pdf Austrian Economy Recovers from Two-Year Weak Patch (PDF, 643 kB)
- /dam/jcr:fcfbb8e9-075f-4899-946f-3d04e5f06a10/mop_2013_q4_analyses2.pdf Are Recent Increases of Residential Property Prices in Vienna and Austria Justified by Fundamentals? (PDF, 846 kB) Schneider.
- /dam/jcr:47a08602-1371-409d-949e-8c07b0f7ef96/mop_2013_q4_analyses3.pdf The Austrian System of Individual Pension Accounts – An Unfinished Symphony (PDF, 308 kB) Knell.
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Monetary Policy and the Economy Q3/13
September 2013./dam/jcr:fb809643-a1c9-42fc-abd4-a5265850322d/mop_2013_q3.pdf Full version (PDF, 1.1 MB) Download
- /dam/jcr:7a21017a-b616-4039-bdd4-d5589bd6c736/mop_2013_q3_analyse1.pdf Austrian Economy to Grow by 0.5% in 2013 (PDF, 1.1 MB) Fenz.
- /dam/jcr:17a92972-3d27-480a-a939-f859b6413505/mop_2013_q3_analyse2.pdf The Distribution of Inflation among Austrian Households (PDF, 2 MB) Fessler, Fritzer.
- /dam/jcr:b805576a-4a7b-4b0a-99d3-c2704ec56351/mop_2013_q3_analyse3.pdf Internet Payment Behavior in Austria (PDF, 659 kB) Burger, Wolner-Rößlhuber.
- /dam/jcr:3149afcc-a526-4152-aa85-733c29964beb/mop_2013_q3_call.pdf Call for Applications: Visiting Research Program (PDF, 388 kB)
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Monetary Policy and the Economy Q2/13
June 2013./dam/jcr:6382c917-ee35-4894-b573-1aa6338dfd13/mop_2013_q2_tcm16-256825.pdf Full version (PDF, 1.5 MB) Download
- /dam/jcr:b54a8b81-5f14-456b-835c-b7996f366c01/mop_2013_q2_call_tcm16-256828.pdf Call for Applications: Visiting Research Program (PDF, 364 kB)
- /dam/jcr:2e090865-de27-4a86-bd2c-6a9eef660935/mop_2013_q2_analyse1_tcm16-256829.pdf Robust Recovery Remains Elusive (PDF, 1.3 MB) Ragacs, Vondra.
- /dam/jcr:20f20ae1-327b-4ceb-8bcc-a96419ad999d/mop_2013_q2_analyse2_tcm16-256830.pdf Cross-Country Comparability of the Eurosystem Household Finance and Consumption Survey (PDF, 722 kB) Fessler, Schürz.
- /dam/jcr:a72c8033-c9a8-462f-b026-f57355af1f8a/mop_2013_q2_analyse3_tcm16-256831.pdf Funding Strategies of Sovereign Debt Management: A Risk Focus (PDF, 2.1 MB) Holler.
- /dam/jcr:cb670410-76aa-4f96-a647-213018855bc1/mop_2013_q2_analyse4_tcm16-256832.pdf An Export-Based Measure of Competitiveness (PDF, 2.1 MB) Gächter, Lorenz, Ramskogler, Silgoner.
- /dam/jcr:83808cec-7e32-47ff-a92b-e1826c2ed88a/mop_2013_q2_analyse5_tcm16-256833.pdf Revision of Price/Cost Competitiveness Indicators for Austria (PDF, 1.9 MB) Köhler-Töglhofer, Magerl.
- /dam/jcr:9380785d-ad2e-4380-b7bd-8411e5c66c45/mop_2013_q2_event_wrap_up_tcm16-256834.pdf A Changing Role for Central Banks? (PDF, 1.4 MB) Gnan, Segalla.
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Monetary Policy and the Economy Q1/13
March 2013./dam/jcr:1bd213df-669a-4c7e-937c-f09ef6a03b2c/mop_2013_q1_tcm16-254588.pdf Full version (PDF, 1.1 MB) Download
- /dam/jcr:03e76041-1572-4378-9136-ad7772a2f273/mop_2013_q1_analyses1_tcm16-254580.pdf Austria Withstands Recession: Return to Positive Growth in Early 2013 (PDF, 1.1 MB) Vondra.
- /dam/jcr:a7bfaa1f-7573-44f9-9872-37b4e5aa8643/mop_2013_q1_analyses2_tcm16-254583.pdf Structural Budget Balances: Calculation, Problems and Benefits (PDF, 2 MB) Reiss.
- /dam/jcr:824e7f89-03fa-43a6-b41f-d633d39cbbc2/mop_2013_q1_analyses3_tcm16-254584.pdf Effective Retirement Age in Austria – A Review of Changes since 2000 (PDF, 1.7 MB) Stiglbauer.
- /dam/jcr:36af5f79-c778-4b62-83ef-46940008e30d/mop_2013_q1_event_wrap_ups_tcm16-254585.pdf The Future of Sovereign Borrowing (PDF, 1.4 MB) Gnan, Holler.