OeNB Bulletin

OeNB Bulletin

The OeNB Bulletin is a quarterly compilation of articles on policy-relevant issues. Contributions aim to enrich the public debate from a scientific point of view. The Bulletin is published at quarterly intervals, but contributions are released as they become available.

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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.

2025

  • Crypto assets in Austria: robust evidence from HFCS wave 5 on ownership, motives and portfolio implications (Q4/25)

    December 2025

    Full version (PDF, 842 kB) Download

  • Mapping geopolitical fragmentation: a bilateral index for economic analysis (Q4/25)

    November 2025

    Full version (PDF, 8.9 MB) Download

  • OeNB Bulletin Q3/25

    October 2025

    Content

    Full version (PDF, 3 MB) Download

    • Firm entry and exit dynamics in Austria: uncovering the economic significance of insolvencies beyond simple counts  PDF, 849 kB HTML version Elsinger, Fessler, Riedl, Trappl.
    • The impact of US tariffs on EU industries: results from a global input-output model (OeNB Bulletin Q3/25)  PDF, 800 kB HTML version Schneider, Sellner.
    • Friend-shoring in migration? Investigating the links between geopolitical fragmentation and global migration  PDF, 498 kB HTML version Raggl, Ramskogler.
    • Understanding central bank balance sheets: drivers, determinants, and projections of the OeNB’s profits and losses  PDF, 1.6 MB HTML version Kwapil, Meiksner, Stelzer.

  • OeNB Bulletin Q2/25

    June 2025

    Content

    Full version (PDF, 10.2 MB) Download

    • Changing migration patterns and their relevance to population aging and monetary policy in Europe  PDF, 5.9 MB HTML version Mayrhuber, Raggl, Ramskogler.
    • A Fiscal Impact Measure for Austria  PDF, 5.7 MB HTML version Moser, Reiss.
    • May the index be with you – measuring the globalization of FDI  PDF, 6.1 MB HTML version Belabed, Mayrhuber.
    • Geopolitical distance and international trade  PDF, 8.7 MB HTML version Abeliansky, Mayrhuber.

  • OeNB Bulletin Q1/25

    March 2025

    Content

    Full version (PDF, 8.6 MB) Download

    • Firm characteristics and bank loan distribution: Who borrows in Austria?  PDF, 6 MB HTML version Hirsch, Riedl, Trappl.
    • Conditional dynamics of monetary policy shocks: the mitigating role of macroprudential policy in CESEE  PDF, 6.6 MB HTML version De Luigi, Eller, Stelzer.
    • How do euro deposits in CESEE react to exchange rate shocks?  PDF, 6.5 MB HTML version Petz, Scheiber, Wörz.

2024

  • OeNB Bulletin Q4/24

    January 2025

    Content

    Full version (PDF, 7.6 MB) Download

    • The instability of leading indicators in forecasting Austrian inflation: lessons from the COVID-19 pandemic and the energy crisis  PDF, 5.7 MB HTML version Fritzer.
    • Recent inflation developments in Austria – an analysis based on different decomposition frameworks  PDF, 6.5 MB HTML version Reiss, Schneider.

  • OeNB Bulletin Q3/24

    September 2024

    Content

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    • The role of inflation subcomponents: applying maximally forward-looking core inflation to euro area countries  PDF, 6.7 MB HTML version Greso, Klieber.
    • Macroeconomic effects of carbon prices – a cross-country perspective  PDF, 6 MB HTML version Džubur, Pointner.
    • The (de)globalization of migration: has the polycrisis period changed the patterns of global migration?  PDF, 7.4 MB HTML version Fitter, Raggl, Ramskogler.

  • OeNB Bulletin Q2/2024

    July 2024

    Content

    Full version (PDF, 10.7 MB) Download

    • What you don’t know can’t help you: public perception of COVID-19 loan repayment moratoria  PDF, 7.4 MB HTML version Allinger, Farnleitner.
    • Crypto assets in Austria: an assessment of their prevalence and the motives of their holders  PDF, 6.4 MB HTML version Fessler, Weber.
    • Enjoy the silence? (De)globalization and cross-border investment – a gravity approach  PDF, 7.7 MB HTML version Abeliansky, Belabed, Mayrhuber.