Monetary Policy and the Economy Q4/08

Monetary Policy and the Economy Q4/08

December 2008.

Opinions expressed by the authors of studies do not necessarily reflect the official viewpoint of the Oesterreichische Nationalbank or of the Eurosystem.

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    Studies and Analyses

    • The Impact of the Financial Crisis on the Real Economy – Analytical Challenges from Exceptional Factors (PDF, 71 kB) Gnan, Mooslechner.

    • Decline in National Product Albeit by a Smaller Margin than in the Euro Area. Sharp Drop in Inflation (PDF, 308 kB) Ragacs, Vondra.

    • Are There Signs of a Credit Crunch in Austria? (PDF, 196 kB) Waschiczek.

    • The Interest Rate Pass-Through in Austria – Effects of the Financial Crisis (PDF, 237 kB) Jobst, Kwapil.

    • Wealth Effects on Consumption in Austria (PDF, 256 kB) Fenz, Fessler.

    • The Financial Crisis in 2007 and 2008 Viewed from the Perspective of Economic Research (PDF, 195 kB) Summer.

    • Crude Oil Prices and the USD/EUR Exchange Rate (PDF, 283 kB) Breitenfellner, Cuaresma.

    • Housing Market Challenges in Europe and the United States – Any Solutions Available? (PDF, 156 kB) Wagner.

    • Saving in Austria – Too Little and Too Late? (PDF, 127 kB) Schürz.