Publications
of the Economic Analysis and Research Department
Oesterreichische Nationalbank
20161
Albacete, N., Fessler, P., Lindner, P. (2016). The Distribution of Residential Property
Price Changes across Homeowners and its Implications for Financial Stability in
Austria. Financial Stability Report 31, OeNB, 62–81.
Andreasch, M., Lindner, P. (2016). Micro- and Macrodata: A Comparison of the
Household Finance and Consumption Survey with Financial Accounts in Austria.
Journal of Official Statistics, 32(1), 2016, 1–28, refereed.
Arrondel, L., Bartiloro, L., Fessler, P., Lindner, P., Mathä, T. Y. Rampazzi, C.,
Savignac, F., Schmidt, T., Schürz, M., Vermeulen, P. (2016). How do Households
Allocate their Assets? Stylised Facts from the Eurosystem Household Finance and
Consumption Survey. International Journal of Central Banking, forthcoming, refereed.
Attinasi, M., Borgy, V., Bouabdallah, O., Checherita-Westphal, C., Freier, M.,
Palaiodimso, G., Prammer, D., Tommasiono, P., Zimmer, J. (2016). The Effect of
Low Inflation on Public Finances. In: Momigliano, S. (ed.), Beyond the Austerity
Dispute: New Priorities for Fiscal Policy. Workshop and Conferences 20, Bank of Italy,
Economic Research Department.
Attinasi, M., Prammer. D., Stähler, N., Tass, M., van Parys, S. (2016). Budget-Neutral
Labour Tax Wedge Reductions: A Simulation-Based Analysis for Selected Euro Area
Countries. Deutsche Bundesbank Working Paper, forthcoming.
Bagnall, J., Bounie, D., Huynh, K.P., Kosse, A., Schmidt, T., Schuh, S., Stix, H.
(2016). Consumer Cash Usage: A Cross-Country Comparison with Payment Diary
Survey Data. International Journal of Central Banking, forthcoming, refereed.
Beer, C., Birchler, U.W., Gnan, E. (eds) (2016). Cash on Trial. SUERF Conference
Proceedings 2016/1.
Beer, C., Birchler, U.W., Gnan, E. (2016). Introduction. In: Birchler, U.W. and Gnan, E.
(eds), Cash on Trial. SUERF Conference Proceedings 2016/1, 5–13.
Beer, C., Gnan, E., Ritzberger-Grünwald, D. (2016). Saving, Portfolio and Loan
Decisions of Households when Interest Rates are Very Low – Survey Evidence for
Austrian Households. Monetary Policy & the Economy Q1/16, OeNB, 14–32.
Beer, C., Gnan, E., Valderrama, M.T.. (2016). A (Not So Brief) History of Inflation in
Austria. Monetary Policy & the Economy Q3/16, OeNB, forthcoming.
Belabed, C.A. (2016). Abwärtsrisiken für Wachstum in den Industrieländern gestiegen.
Konjunktur aktuell – Berichte und Analysen zur wirtschaftlichen Lage. OeNB, January,
6–10.
Benkovskis, K., Wörz, J. (2016). Nonprice Components of Market Share Gains –
Evidence for EU Countries. In: Belka, M., Nowotny, E., Ritzberger-Grünwald, D.,
1
Studies published in Monetary Policy & the Economy and Focus on European Economic Integration,
OeNB, are refereed.
Economic Analysis and Research Department – Publications
12.07.2016
1
Samecki, P. (eds). Boosting European Competitiveness: The Role of the CESEE
Countries, forthcoming, Edward Elgar.
Cuaresma, J.C., G., Feldkircher, M., Huber, F. (2016). Forecasting with Global Vector
Autoregressive Models: A Bayesian Approach. Journal of Applied Econometrics,
forthcoming, refereed.
Cuaresma, J.C., Doppelhofer, G., Feldkircher, M., Huber, F. (2016). US Monetary
Policy in a Globalized World. OeNB Working Paper No. 205.
Dovern, J., Feldkircher, M., Huber, F. (2015). Does Joint Modelling of the World
Economy Pay Off? Evaluating Multivariate Forecasts from a Bayesian GVAR. Journal
of Economic Dynamics and Control, forthcoming, refereed.
Eller, M., Huber, F., Schuberth, H. (2016). Weathering Global Shocks and
Macrofinancial Vulnerabilities in Emerging Europe: Comparing Turkey and Poland.
Focus on European Economic Integration, Q1/16, OeNB, 46–65.
Eller, M., Huber, F., Schuberth, H. (2016). Understanding the Drivers of Capital Flows
into the CESEE Countries. Focus on European Economic Integration, Q2/16, OeNB,
79–104.
Eller, M., Reininger, T. (2016). The Influence of Sovereign Bond Yields on Bank
Lending Rates: The Pass-Through in Europe. Focus on European Economic Integration,
Q2/16, OeNB, 54–78.
Elsinger, H., Schmidt-Dengler, P., Zulehner, C. (2016). Competition in Treasury
Auctions. OeNB Working Paper No. 206.
Elsinger, H., Köck, R., Kropp, M., Waschiczek, W. (2016). Corporate Financing in
Austria in the Run-Up to Capital Markets Union. Financial Stability Report 31, OeNB,
96–119.
Elsinger, H., Köck, R. , Kropp, M., Waschiczek, W. (2016). Unternehmensfinanzierung
in Österreich im Vorfeld der Kapitalmarktunion. In: Wirtschaftspolitische Blätter 2,
forthcoming.
Feldkircher, M., Huber, F., Moder, I. (2016). Modeling the Evolution of Monetary
Policy Rules in CESEE. Focus on European Economic Integration, Q1/16, OeNB, 8–27.
Feldkircher, M., Huber, F. (2016). The International Transmission of US Shocks –
Evidence from Bayesian Global Vectorautoregressions. European Economic Review,
81, 167–188, refereed.
Feldkircher, M., Huber, F. (2016). Unconventional US Monetary Policy: New Tools,
Same Channels? OeNB Working Paper No. 208.
Fessler, P., Lindner, P., Schürz, M. (2016). Household Finance and Consumption Survey
des Eurosystems 2014: Erste Ergebnisse für Österreich (zweite Welle). Monetary Policy
& the Economy Q2/16, OeNB, forthcoming.
Fenz, G., Rumler, F. (2016). Austrian Economy Fueled by Growth Stimuli, Yet Fraught
with External Risks. Monetary Policy & the Economy Q1/16, OeNB, 6–13.
Fritzer, F., Rumler, F. (2016). Inflation aktuell. Die Inflationsanalyse für Österreich,
Q1/2016.
Fritzer, F., Rumler, F. (2016). Inflation aktuell. Die Inflationsanalyse für Österreich,
Q2/2016.
Fritzer, F., Ragacs, C., Vondra, K. (2016). Österreich: Keine konjunkturellen
Überraschungen zum Jahreswechsel. Konjunktur aktuell – Berichte und Analysen zur
wirtschaftlichen Lage. OeNB, January, 14–18.
Furlan, B., Gächter, M., Krebs, B., Oberhofer, H. (2015). Democratization and Real
Exchange Rates. Scottish Journal of Political Economy, 63(2), 216–242, refereed.
Economic Analysis and Research Department – Publications
12.07.2016
2
Gnan, E., Kronberger, R. (eds) (2016). Schwerpunkt Außenwirtschaft 2015/2016.
Transatlantische Handels- und Investitionspartnerschaft zwischen der EU und den USA
(RRIP). Facultas, Vienna.
Gnan, E., Kronberger, R. (eds) (2016). Editorial: Österreichs schwaches Wachstum wirft
Fragen zur internationalen Wettbewerbsfähigkeit auf – schwierige Verhandlungen um
TTIP. In: Schwerpunkt Außenwirtschaft 2015/2016. Transatlantische Handels- und
Investitionspartnerschaft zwischen der EU und den USA (RRIP). Facultas, Vienna.
Huber, F., Feldkircher, M. (2016). Adaptive Shrinkage in Bayesian Vector
Autoregressive Models. WU Working Paper Series, 221/2016.
Hubmann, G. (2016). Kreditvergabeverhalten der österreichischen Banken unverändert –
Österreich-Ergebnisse der euroraumweiten Umfrage über das Kreditgeschäft vom
Jänner 2016. Statistiken – Daten & Analysen, Q1/16, OeNB, 32–40.
Hubmann, G. (2016). Refinanzierung für österreichische Banken zum wiederholten Mal
erschwert. Österreich-Ergebnisse der euroraumweiten Umfrage über das Kreditgeschäft
vom April 2016. Statistiken – Daten & Analysen, Q2/16, OeNB, 30–43.
Jobst, C., Kernbauer, H. (2016). The Quest for Stable Money. Central Banking in
Austria, 1816—2016. Campus Verlag GmbH, Frankfurt-on-Main.
Jobst, C., Ugolini, S. (2016). The Coevolution of Money Markets and Monetary Policy,
1815–2008. In: Bordo, M. et al. (eds), Central Banks at a Crossroads: What Can We
Learn from History? Cambridge University Press, refereed.
Knell, M. (2016). The Return on Social Security with Increasing Longevity.
Macroeconomic Dynamics, forthcoming, refereed.
Metz, V., Richter, K., Weiss, P., Rottensteiner, B., Unterkofler, D., Langthaler, J.,
Pechmann, P. (2016). Minimum Requirement for Own Funds and Eligible Liabilities
(MREL) – Initial Assessment for Austrian Banks and Selected Subsidiaries in the EU.
Financial Stability Report 31, OeNB, 82–95.
Niemann, S., Pichler, P. (2016). Collateral, Liquidity and Debt Sustainability. The
Economic Journal, forthcoming, refereed.
Prammer, D., Reiss, L. (2016). The Stability and Growth Pact since 2011: More Complex
– but also Stricter and Less Procyclical? Monetary Policy & the Economy Q1/16,
OeNB, 33–53.
Ragacs, C., Vondra, K. (2016). Economic Recovery in 2016 after Four Years of Weak
Growth – Economic Outlook for Austria from 2016 to 2018 (June 2016). Monetary
Policy & the Economy Q2/16, OeNB, forthcoming.
Ragacs, C., Vondra, K. (2016). Österreichs Wirtschaftsentwicklung, preisliche
Wettbewerbsfähigkeit und Überblick über die Außenwirtschaft. In: Gnan, E.,
Kronberger, R. (eds) (2016). Schwerpunkt Außenwirtschaft 2015/2016.
Transatlantische Handels- und Investitionspartnerschaft zwischen der EU und den USA
(RRIP). Facultas, Vienna, 83–104.
Rülke, J.-C., Silgoner, M., Wörz, J. (2016). Herding Behavior of Business Cycle
Forecasters. International Journal of Forecasting, 32, 23–33, refereed.
Raunig, B. (2016). Background Indicators. OeNB Working Paper No. 204.
Raunig, B., Scharler, F., Sindermann, F. (2016). Do Banks Lend Less in Uncertain
Times? Economica, forthcoming, refereed.
Schneider, M. (2016). Überblick. Konjunktur aktuell – Berichte und Analysen zur
wirtschaftlichen Lage. OeNB, January, 5.
Schöffmann, S., Wörz, J. (2016). Aktuelle Entwicklung der Weltwirtschaft und des
Welthandels. In: Gnan, E., Kronberger, R. (eds) (2016). Schwerpunkt Außenwirtschaft
Economic Analysis and Research Department – Publications
12.07.2016
3
2015/2016. Transatlantische Handels- und Investitionspartnerschaft zwischen der EU
und den USA (RRIP). Facultas, Vienna, 33–56.
Schreiner, J. (2016). EU-Mitgliedstaaten in Zentral-, Ost- und Südosteuropa: Anhaltend
robuste Konjunktur. Konjunktur aktuell – Berichte und Analysen zur wirtschaftlichen
Lage. OeNB, January, 11–13.
Stiglbauer, S. (2016). Dienstleistungsinflation und Arbeitskosten. Inflation aktuell Q1/16,
OeNB, 9–13.
2015
Albacete, N., Lindner, P. (2015). Foreign Currency Borrowers in Austria – Evidence
from the Household Finance and Consumption Survey. Financial Stability Report 29,
OeNB, 93–109.
Albacete, N., Schürz, M. (2015). Interviewereffekte auf Haushaltsvermögen am Beispiel
des Household Finance and Consumption Survey Austria 2010. Statistiken – Daten &
Analysen, Q4/15, OeNB, 55–63.
Al-Haschimi, A., Skudelny, F., Vaccharino, E., Wörz, J. (2015). The Trade and Demand
Nexus: Do Global Value Chains Matter? In: Baldwin, R. and Di Mauro, F. (eds),
Europe in the Age of Global Value Chains: Maps and Policy Issues, VoxEU eBook,
132–147, http://voxeu.org/content/age-global-value-chains-maps-and-policy-issues
Amann W., Wagner K. (2015). Austrian Housing and Mortgage Markets. EMF Hypostat,
European Mortgage Federation (EMF).
Andreasch, M., Fessler, P., Schürz, M. (2015). Financing the Austrian Economy – A
Bird’s Eye View Based on Financial Accounts from 1995 to 2014 and a Look at the
Road Ahead. Monetary Policy & the Economy Q4/15, OeNB, 55–73.
Andreasch et al. (2015.) Kreditbericht. Juni.
Andreasch, M., Lindner, P. (2015). Micro and Macro Data: A Comparison of the
Household Finance and Consumption Survey with Financial Accounts in Austria.
Journal of Official Statistics, 32 (1), 1–28, refereed.
Barisitz, S. (2015). The Russian Banking Sector – Heightened Risks in a Difficult
Environment. Financial Stability Report 30, OeNB, 71–84.
Barisitz, S., Fungáčová, Z. (2015). Ukraine: Struggling Banking Sector Amid Substantial
Uncertainty. Financial Stability Report 29, OeNB, 72–92.
Beck, R., Beirne, J., Paternò, F., Peeters, J., Ramos-Tallada, J., Rebillard, C.,
Reinhardt, D., Wörz, J. (2015). The Side Effects of National Financial Sector Policies:
Framing the Debate on Financial Protectionism. Occasional Paper No. 166, European
Central Bank (ECB), September, refereed.
Beckmann, E., Stix, H. (2015). Foreign Currency Borrowing and Knowledge About
Exchange Rate Risk. Journal of Economic Behavior & Organization 112, 1–16,
refereed.
Beckmann, E., Hildebrandt, A., Jäger-Gyovai, K. (2015). Current Risks in the CESEE
Residential Property Market: Evidence from the OeNB Euro Survey. Focus on
European Economic Integration Q3/15, OeNB, 26–38.
Beckmann, E., Roitner, A., Stix, H. (2015). A Local or a Foreign Currency Loan?
Evidence on the Role of Loan Characteristics, Preferences of Households and the Effect
of Foreign Banks. Focus on European Economic Integration, Q1/15, OeNB, 24–48.
Economic Analysis and Research Department – Publications
12.07.2016
4
Beer, C., Gnan, E. (2015). Implications of Ultra-low Interest Rates for Financial
Institutions’ Asset Liability Management – A Policy-oriented Overview. Monetary
Policy & the Economy Q2/15, OeNB, 52–77.
Beer, C., Gnan, E. (2015). Asset-liability Management with Ultra-low Interest Rates.
BankArchiv, August. 584-586.
Beer, C., Gnan, E. (2015). Asset-liability Management with Ultra-low Interest Rates –
Insights from a conference jointly organized by SUERF, the OeNB and the Austrian
Society for Bank Research (Editorial). Proceedings of OeNB Workshops No. 20.
Beer, C., Gnan, E. Ritzberger, D. (2015). Asking About Interest Rates: Survey Evidence
on Austrian Households’ Interest Rate Perceptions and Expectations. Monetary Policy
& the Economy Q4/15, OeNB, 31–54.
Beer, C., Birchler, U.W., Gnan, E.. (2015). Cash without Future? Future without Cash?
A Wider View. SUERF Policy Note Issue No 3, December 2015.
Benkovskis, K., Wörz, J. (2015). A Summary Measure for Price and Non-Price
Competitiveness for ASEAN+3. Asian Journal of Economics, 29(2), 165–180, refereed.
Benkovskis, K., Wörz, J. (2015). Cost Competitiveness: A Dangerous Obsession. VoxEU article, February 24, 2015.
Benkovskis, K., Wörz, J. (2015). The Interpretation of Changes in Global Market Shares:
Adding the Global Value Chain Dimension. In: Baldwin, R. and Di Mauro, F. (eds),
Europe in the Age of Global Value Chains: Maps and Policy Issues, VoxEU eBook,
148–162, http://voxeu.org/content/age-global-value-chains-maps-and-policy-issues.
Benkovskis, K., Wörz, J. (2015). Non-Price Competitiveness of Exports from Emerging
Countries. Empirical Economics, DOI 10.1007/s00181-015-1015-y, refereed.
Breitenfellner, A., Crespo Cuaresma, J., Mayer, P. (2015). Energy Inflation and House
Price Corrections. Energy Economics, 48, 109–116.
Breitenfellner, A., Veselý, L. (2015). Toward a Genuine Economic and Monetary Union.
Workshop hosted by the OeNB in Vienna on September 10 and 11, 2015. Focus on
European Economic Integration Q4/15, OeNB, 100–110.
Breitenlechner, M., Gächter, M., Sindermann, F. (2015). The Finance-Growth Nexus in
Crisis. Economics Letters, 132, 31–33, refereed.
Breuer, T., Jandačka, M., Vollbrecht, H. J., Summer, M. (2015). Endogenous Leverage
and Asset Pricing in Double Auctions. Journal of Economic Dynamics and Control,
144–160, refereed.
Brown, M., Stix, H. (2015). The Euroization of Bank Deposits in Eastern Europe.
Economic Policy, 81, 95–139, refereed.
Brown, M., Stix, H. (2015). The Euroization of Bank Deposits in Eastern Europe. OeNB
Working Paper No. 197.
Brunner, M., Knollmayer, A., Wörz, J. (2015). Aktuelle Entwicklung der Weltwirtschaft
und des Welthandels. In: Gnan, E., Kronberger, R. (eds), Schwerpunkt Außenwirtschaft
2014/2015 – Produktivität im Dienstleistungssektor und Außenwirtschaft. Facultas,
Vienna, 21–46.
Ciccarelli, M., Ortega, E., Valderrama, M.T. (2015). Commonalities and Cross-Country
Spillovers in Macroeconomic-financial Linkages. BE Journal of Macroeconomics, 16,
231–275, refereed.
Dovern, J., Feldkircher, M., Huber, F. (2015). Does Joint Modelling of the World
Economy Pay Off? Evaluating Multivariate Forecasts from a Bayesian GVAR. OeNB
Working Paper No. 200.
Economic Analysis and Research Department – Publications
12.07.2016
5
Eller, M., Fidrmuc, J., Fungáčová, Z. (2015). Fiscal Policy and Regional Output
Volatility:
Evidence
from
Russia.
Regional
Studies,
DOI:
10.1080/00343404.2015.1064884, published online September 2, 2015, refereed.
Fadejeva, L., Feldkircher, M., Reininger, T. (2015). Spillovers from Euro Area and U.S.
Credit and Demand Shocks: Comparing Emerging Europe on the Basis of a GVAR
Model. OeNB Working Paper No. 198.
Feldkircher, M., Huber, F., Schreiner, J., Tirpák, M., Tóth, P., Wörz, J. (2015).
Bridging the Information Gap: Small-Scale Nowcasting Models of GDP for Selected
CESEE Countries. Focus on European Economic Integration Q2/15, 56–75.
Feldkircher, M., Huber, F., Moder, I. (2015). Towards a New Normal How Different
Paths of US Monetary Policy Affect the World Economy, Economic Notes, 44 (3),
409–418, refereed.
Feldkircher, M., Huber, F., Moder, I. (2015). The World When the Fed Raises Rates.
Project Syndicate Article, Sep 10, 2015.
Feldkircher, M. (2015). A Global Macro Model for Emerging Europe. Journal of
Comparative Economics, 43 (3), 706–726, refereed.
Fenz, G. (2015). Österreichs Wirtschaft wächst 2016 und 2017 so stark wie jene des
Euroraums. Gesamtwirtschaftliche Prognose für Österreich 2015 bis 2017 vom
Dezember 2015. Monetary Policy & the Economy Q4/15, OeNB.
Fenz, G., C. Ragacs, M. Schneider, K. Vondra, Waschiczek, W. (2015). Causes of
Declining Investment Activity in Austria. Monetary Policy & the Economy Q3/15,
OeNB, 12–34.
Fessler, P., Schürz, M. (2015). Private Wealth Across European Countries: The Role of
Income, Inheritance and the Welfare State. ECB Working Paper Series, 1847.
Fessler, P., Rehm, M., Tockner, L. (2015). The Impact of Housing Non-Cash Income on
the
Unconditional
Household
Income
Distribution.
Urban
Studies,
http://usj.sagepub.com/content/early/2015/07/28/0042098015596116.abstract , refereed.
Fessler, P., Rehm, M., Tockner, L. (2015). The Impact of Housing Non-Cash Income on
the Unconditional Household Income Distribution. Urban Studies, ECB Working Paper
Series, 1718, refereed.
Fessler, P., Jäger-Gyovai, K., Messner, T. (2015). What Can We Learn from Eurosystem
Household Finance and Consumption Survey Data? – An Application to Household
Debt in Slovakia. Focus on European Economic Integration Q2/15, 76–87.
Fritzer, F. (2015). Rohstoffpreise und heimische Faktoren beschleunigen die
österreichische HVPI-Inflation bis 2017 auf 2,0%. In: Konjunktur Aktuell, Juni 2015,
48-52.
Fritzer, F. (2015). Österreich: Wirtschaft wächst derzeit nur schwach. In: Konjunktur
Aktuell, September 2015, 13-17.
Fritzer, F. (2015). Österreich: Wachstum bleibt unter Euroraum-Durchschnitt. In:
Konjunktur Aktuell, Oktober 2015, 14-19.
Fritzer, F. (2015). Österreich: Wachstum im dritten Quartal im Euroraumdurchschnitt. In:
Konjunktur Aktuell, Dezember 2015, 14-17.
Fritzer, F., Rumler, F. (2015). Inflation aktuell. Die Inflationsanalyse für Österreich,
Q1/2015.
Fritzer, F., Rumler, F. (2015). Inflation aktuell. Die Inflationsanalyse für Österreich,
Q2/2015.
Fritzer, F., Rumler, F. (2015). Inflation aktuell. Die Inflationsanalyse für Österreich,
Q3/2015.
Economic Analysis and Research Department – Publications
12.07.2016
6
Fritzer, F., Rumler, F. (2015). Determinants of Inflation Perceptions and Expectations:
An Empirical Analysis for Austria. Monetary Policy & the Economy Q1/15, OeNB, 11–
26.
Fritzer, F., Rumler, F. (2015). Dienstleistungsinflation: Entwicklung im internationalen
Vergleich, Ursachen und mögliche Folgen für die Wettbewerbsfahigkeit. In: Gnan, E.,
Kronberger, R. (eds). Schwerpunkt Außenwirtschaft 2014/2015 – Produktivität im
Dienstleistungssektor und Außenwirtschaft. Facultas, Vienna, 167–179.
Gächter, M., Geiger, M., Glötzl, F., Schuberth, H. (2015). Sectoral Deleveraging in
Europe and its Economic Implications, Focus on European Economic Integration,
Q1/15, 8–23.
Gächter, M., Geiger, M., Glötzl, F., Schuberth, H. (2015). Post-crisis Recovery in Slowmotion Mode: The Role of the Non-financial Corporate Sector. In: Nowotny, E.,
Ritzberger-Grünwald, D., Schuberth, H. (eds), The Challenge of Economic Rebalancing
in Europe. Perspectives for CESEE Countries, Edward Elgar, 64–81.
Giordano, R., Pereira, M., Depalo, D., Eugène, B., Papapetrou, E., Pérez, J., Reiss, L.,
Roter, M. (2015). The Public Sector Pay Gap in a Selection of Euro Area Countries in
the Pre-crisis Period. Hacienda Pública Española/Review of Public Economics 214(3/2015), 11–34, refereed.
Gnan, E., Kronberger, R. (eds) (2015). Schwerpunkt Außenwirtschaft 2014/2015 –
Produktivität im Dienstleistungssektor und Außenwirtschaft. Facultas, Vienna.
Hildebrandt, A., Moder, I. (2015). Business Cycle Synchronization between the Western
Balkans and the European Union. Focus on European Economic Integration Q3/15,
OeNB, 8–25.
Huber, F. (2015). Forecasting Exchange Rates Using Multivariate Threshold Models. The
B.E. Journal of Macroeconomics, 16 (1), 193–210, refereed.
Huber, F., Dovern, J. (2015). Global Prediction of Recessions. Economics Letters, 133,
August, 81–84, refereed.
Huber, F., Fischer M. (2015). A Markov Switching Factor-augmented VAR Model for
Analyzing US Business Cycles and Monetary Policy. Department of Economics
Working Paper Series, 201. WU Vienna University of Economics and Business,
Vienna.
Huber, F., Kaufmann D. (2015). Trend Fundamentals and Exchange Rate Dynamics.
KOF Working Paper Series No. 393.
Huber, F., Petrovska, M. (2015). Price and Wage Rigidities in the Republic of
Macedonia: Survey Evidence from Micro-Level Data. Focus on European Economic
Integration Q1/15, OeNB, 49–64.
Hubmann, G. (2015). Weiterhin schwache Nachfrage nach Unternehmenskrediten –
Österreich-Ergebnisse der euroraumweiten Umfrage über das Kreditgeschäft vom Juli
2015. Statistiken – Daten & Analysen, Q3/15, OeNB, 31–35.
Hubmann, G. (2015). Niedriges Zinsniveau stärkt Kreditnachfrage der privaten Haushalte
– Österreich-Ergebnisse der euroraumweiten Umfrage über das Kreditgeschäft vom
Oktober 2015. Statistiken – Daten & Analysen, Q4/15, OeNB, 64–69.
Jobst, C., Scheiber, T. (2015). The Central Bank Balance Sheet in the (Very) Long Run –
How to Construct it, How to Read it, What to Learn from It. Monetary Policy & the
Economy Q4/15, OeNB.
Knell, M. (2015). The Return on Social Security with Increasing Longevity. OeNB
Working Paper No. 201.
Economic Analysis and Research Department – Publications
12.07.2016
7
Knell, M., Stix, H. (2015). Trust in Banks during Normal and Crises Times – Evidence
from Survey Data. Economica, 82, 995–1020, refereed.
Knell, M., Segalla, E., Weber, A. (2015). Expected Retirement Age and Pension Benefits
in Austria: Evidence from Survey Data. Monetary Policy & the Economy Q3/15,
OeNB, 35–57.
Köhler-Töglhofer, W. (2015). Welchen Beitrag kann die öffentliche Verwaltung unter
den aktuell schwierigen Bedingungen leisten, um den Standort Österreich zu
verbessern? In: WIFO-KDZ, Standort Österreich und öffentliche Verwaltung.
Tagungsband.
Lindner, P. (2015). Factor Decomposition of the Wealth Distribution in the Euro Area.
Empirica Journal of European Economics, DOI 10.1007/s10663-015-9290-6, published
online 12 March 2015, refereed.
Lindner, P., Schürz, M. (2015). Varianten der Messung von Haushaltsvermögen im
HFCS in Österreich. Statistiken – Daten & Analysen, Q2/15, OeNB, 52–70.
Morris, R., Rizza, P., Borgy, V., Brandt, K., Pereira, M. C., Jablecka, A., Pérez, J. J.,
Reiss, L., Rasmussen, M., Triki, K., Wemens, L. (2015). Towards a Semi-Narrative
Analysis of Fiscal Policy in EU Member States. In: Momigliano, S. (ed.), Public
Finances Today: Lessons Learned and Challenges Ahead. Workshop and Conferences
19, Bank of Italy, Economic Research Department.
Posch, J., Rumler, F. (2015). Semi-Structural Forecasting of UK Inflation Based on the
Hybrid New Keynesian Phillips Curve, Journal of Forecasting 34(2), 145–162, refereed.
Prammer, D., Reiss, L. (2015). Impact of Inflation on Fiscal Aggregates. Monetary Policy
& the Economy Q1/15, OeNB, 27–41.
Ragacs, C., Rumler, F., Schneider, M. (2015). Austria: Economic Growth in 2014 at
0.4%. Monetary Policy & the Economy Q1/15, OeNB, 6–10.
Ragacs, C., Vondra, K. (2015). Österreichs Wirtschaftsentwicklung, preisliche
Wettbewerbsfahigkeit und Überblick über die Ausenwirtschaft. In: Gnan, E.,
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Ragacs, C., Vondra, K. (2015). Four-year Economic Downturn to End in 2016 –
Economic Outlook for Austria from 2015 to 2017 (June 2015). Monetary Policy & the
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Raunig, B. (2015). Firm Credit Risk in Normal Times and During the Crisis: Are Banks
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Riedl, A., Silgoner, M., Knollmayer, A. (2015). The Mixed Success of EU-IMF
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Ritzberger-Grünwald, D., Schneider, M. (2015). Immobilienpreise aus der Sicht einer
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Ritzberger-Grünwald, D., Schneider, M. (2015). The Threat of Secular Stagnation and
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economic growth. 124–127.
Rumler, F., Valderrama, M.T., (2015). Uncertainty of Inflations Expectations - Evidence
for Austria. Wirtschaftspolitische Blätter, 4, 737–748.
Silgoner, M., Steiner, K., Schitter, C., Wörz, J. (2015). Fishing in the Same Pool?
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Schneider, M. (2015). An Assessment of Recent Increases of House Prices in Austria
through the Lens of Fundamentals. Proceedings of OeNB Workshops No. 19, 57–64.
Schneider, M., Wagner, K. (2015). Editorial. In: Are House Prices Endangering Financial
Stability? If so, How Can We Counteract This? Proceedings of OeNB Workshops No.
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Schneider, M., Wagner, K. (2015). Housing Markets in Austria, Germany and
Switzerland. Monetary Policy & the Economy Q1/15, OeNB, 42–58.
Segalla, E. (2015). When Austrian Banks Cross Borders. Financial Stability Report 29,
OeNB, 110–121.
Silgoner, M., Weber, R. (2015). Das Finanzwissen der österreichischen Haushalte.
Statistiken – Daten & Analysen, Q3/15, OeNB, 40–48.
Waschiczek, W. (2015). Kreditvergabepolitik der österreichischen Banken zu Jahresende
stabil – Österreich-Ergebnisse der euroraumweiten Umfrage über das Kreditgeschäft
vom Jänner 2015. Statistiken – Daten & Analysen, Q1/15, OeNB, 43–46.
Waschiczek, W. (2015). Banken registrieren geringfügige Belebung der Kreditnachfrage
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Außenwirtschaft 2014/2015 – Produktivität im Dienstleistungssektor und
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Albacete, N. (2014). Multiple Imputation in the Austrian Household Survey on Housing
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Albacete, N., Eidenberger, J., Krenn, G., Lindner, P., Sigmund, M. (2014). Risk
Bearing Capacity of Households – Linking Microlevel Data to the Macroprudential
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Albacete, N., Schürz, M. (2014). Paradaten im HFCS Austria 2010 – Teil 1: Evaluierung
von Non-Response-Fehlern. Statistiken – Daten & Analysen, Q1/14, OeNB, 81–97.
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von Messfehlern. Statistiken – Daten & Analysen, Q3/14, OeNB, 54–64.
Economic Analysis and Research Department – Publications
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Andreasch, M., Lindner, P. (2014). Micro and Macro Data: A Comparison of the
Household Finance and Consumption Survey with Financial Accounts in Austria. ECB
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Bachmann, E., Hameter, M., Lahnsteiner, M. (2014). Konzerninterne Kreditvergabe
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Bachmann, E. et al. (2014). 12. Kreditbericht. OeNB.
Bagnall, J., Bounie, D., Huynh, K.P., Kosse, A., Schmidt, T., Schuh, S., Stix, H.
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Barisitz, S. (2014). Macrofinancial Developments and Systemic Change in CIS Central
Asia from 2009 to 2014. Focus on European Economic Integration Q3/14, OeNB, 48–
73.
Beckmann, E., Stix, H. (2014). Foreign Currency Borrowing and Knowledge about
Exchange Rate Risk. OeNB Working Paper No. 188.
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ausgewählten Indikatoren und Implikationen für die Wirtschaftspolitik. In: Gnan, E.,
Kronberger, R. (eds). Schwerpunkt Außenwirtschaft 2013/2014 – Internationale
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Beer, C., Köhler-Töglhofer, W., Stiglbauer, S. (2014). A Common European
Unemployment Insurance – A Much Debated Route toward European Fiscal Union.
Monetary Policy & the Economy Q4/14, OeNB, 35–52.
Beer, C., Weber, B. (2014). Bitcoin – The Promise and Limits of Private Innovation in
Monetary and Payment Systems. Monetary Policy & the Economy Q4/14, OeNB, 53–
66.
Benkovskis, K., Pastušenko, J., Wörz, J. (2014). Assessing the Full Extent of Trade
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Benkovskis, K., Silgoner, M., Steiner K., Wörz, J. (2014). Mapping Competitive
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Benkovskis, K., Wörz, J. (2014). How Does Taste and Quality Impact on Import Prices?
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Benkovskis, K., Wörz, J. (2014). “Made in China” – How Does it Affect Measures of
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Benkovskis, K., Wörz, J. (2014). What Drives the Market Share Changes? Price versus
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Benkovskis, K., Wörz, J. (2014). Comprehensive Gains from Trade: Non-Price Factors,
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Economic Analysis and Research Department – Publications
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Sindermann, F. (2014). Finance, Potential Output and the Business Cycle: Empirical
Evidence from Selected Advanced and CESEE Economies. Focus on European
Economic Integration Q2/14, OeNB, 52–75.
Bernhofer, D., Fernández-Amador, O., Gächter, M., Sindermann, F. (2014). Finance,
Potential Output and the Business Cycle. In: Nowotny, E., Ritzberger-Grünwald, D.,
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Bernhofer, D., Cetkovic, P. (2014). Is the Welfare State an Asymmetric Stabilizer? The
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Bernhofer, D. (2014). The Microeconomics of Sudden Stop Episodes – An Application to
the Euro Area. Momentum Quarterly 3(3), 149–157.
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Cervena, M., Schneider, M. (2014). Short-term Forecasting GDP with a DSGE Model
Augmented by Monthly Indicators. International Journal of Forecasting, 30, 498–516.
Corti, M., Scheiber, T. (2014). How Did CESEE Households Weather the Crisis?
Evidence from the OeNB Euro Survey. Focus on European Economic Integration,
Q2/14, OeNB, 76–87.
Crespo Cuaresma, J., Feldkircher, M., Huber, F. (2014). Forecasting with Bayesian
Global Vector Autoregressive Models: A Comparison of Priors. OeNB Working Paper
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Crespo Cuaresma, J., Doppelhofer, G., Feldkircher, M. (2014). The Determinants of
Economic Growth in European Regions. Regional Studies, 48(1), 44–67.
Eichberger, J., Rheinberger, K., Summer, M. (2014). Credit Risk in General
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Eidenberger, J., Schmitz, S.W., Steiner, K. (2014). The Priorities of Deleveraging in the
Euro Area and Austria and Its Implications for CESEE. Financial Stability Report 27,
OeNB, 50–63.
Eidenberger, J., Liebeg, D., Schmitz, S.W., Seliger, R., Sigmund, M., Steiner, K.,
Strobl, P., Ubl, E. (2014). Macroprudential Supervision: A Key Lesson from the
Financial Crisis. Financial Stability Report 27, OeNB, 83–94.
Elsinger, H., Waschiczek, W. (2014). Toward a European Banking Union: Taking Stock
– Summary of the 42nd OeNB Economics Conference in Vienna on May 12 and 13,
2014. Monetary Policy & the Economy Q2/14, 65–72.
Feldkircher, M. (2014). The Determinants of Vulnerability to the Global Financial Crisis
2008 to 2009: Credit Growth and Other Sources of Risk. Journal of International Money
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Feldkircher, M., Huber, F. (2014). The International Transmission of U.S. Structural
Shocks – Evidence from Global Vector Autoregressions. OeNB Working Paper No.
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Feldkircher, M., Korhonen, I. (2014). The Rise of China and its Implications for the
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Feldkircher, M., Horvath, R., Rusnak, M. (2014). Exchange Market Pressures during
the Financial Crisis: A Bayesian Model Averaging Evidence. Journal of International
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Economic Analysis and Research Department – Publications
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Feldkircher, M., Gruber, T., Moder, I. (2014). Using a Threshold Approach to Flag
Vulnerabilities in CESEE Economies. Focus on European Economic Integration Q3/14,
OeNB, 8–30.
Fessler, P., Lindner, P., Segalla, E. (2014). Net Wealth Across the Euro Area – Why
Household Structure Matters and How to Control for It. ECB Working Paper Series,
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Fenz, G. (2014). Austrian GDP Growth at 0.8% in 2014. Monetary Policy & the Economy
Q3/14, OeNB, 6–12.
Fenz, G., Schneider, M. (2014). Growth Remains Weak in 2015 – Economic Outlook for
Austria from 2014 to 2016 (December 2014). Monetary Policy & the Economy Q4/14,
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Fessler, P., Mooslechner, P., Schürz, M. (2014). Vererbte Ungleichheit in Österreich.
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Fessler, P., Rehm, M., Tockner, L. (2014). The Impact of Housing Non-Cash Income on
the Unconditional Household Income Distribution in Austria. ECB Working Paper
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Fessler, P., Rumler, F., Schwarz, G. (2014). A Micro-Based Non-Inflationary Rate of
Capacity Utilisation as a Measure of Inflationary Pressure – Evidence for Austria.
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Forstner, K., Wagner, K. (2014). How Gender-Specific Are Payments? A Study Based
on Austrian Survey Data from 1996 to 2011. Monetary Policy & the Economy Q3/14,
36–53.
Gächter, M., Riedl, A. (2014). One Money, one Cycle? The EMU Experience. Journal of
Macroeconomics, 42, 141–155, refereed.
Gnan, E., Kronberger, R. (eds) (2014). Schwerpunkt Außenwirtschaft 2013/2014.
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Gnan, E., Kronberger, R. (2014). Standort Österreich: Bestandsaufnahme und Zukunft
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Hake, M., Lopez-Vicente, F., Molina, L. (2014). Do the Drivers of Loan Dollarization
Differ between CESEE and Latin America? A Meta-Analysis. Focus on European
Economic Integration Q1/14, OeNB, 8–35.
Hake, M., Ritzberger-Grünwald, D. (2014). South-Eastern Europe – Two Decades of
Economic Achievements and Challenges Ahead. In: Hanappi, H. (ed.), South-East
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Haussteiner, I. (2014). Neue Wege der Terminologie- und Wissensvermitllung bei der
Oesterreichischen Nationalbank. eDITion, 1/2014, 24–26, refereed.
Hauth, E., Grossmann, B. (2014). Die neuen Haftungsobergrenzenbestimmungen von
Bund, Ländern und Gemeinden: Ausgestaltung und Effektivität. In: WKO (ed.)
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Huynh, K. P., Schmidt-Dengler, P., Stix, H. (2014). The Role of Card Acceptance in the
Transaction Demand for Money. OeNB Working Paper No. 196.
Economic Analysis and Research Department – Publications
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Jäger-Gyovai, K. (2014). Capital Market Development in CESEE and the Need for
Further Reform. Financial Stability Report 27, OeNB, 74–82.
Jobst, C. (2014). What Drives Central Bank Branching? The Government, the Austrian
National Bank and Local Lending in the Territory of Present-day Slovakia 1845–1880.
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Jobst, C., Scheiber, T. (2014). Austria-Hungary: 1863–1914. In: South-Eastern European
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Jobst, C., Ugolini, S. (2014). The Coevolution of Money Markets and Monetary Policy,
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Kichian, M., Rumler, F. (2014). Forecasting Canadian Inflation: A Semi-Structural
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Kment, C., Lindner, I. (2014). Reformed Economic Governance Structure in the
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Knell, M. (2014). Efficiency Wages, Staggered Wages, and Union Wage-Setting. Oxford
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Ledyaeva, S., Karhunen, P., Kosonen, R., Wörz, J. (2014). FDI in Russia from CESEE
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Q4/14, OeNB, 54–70.
Lindner, P., Schürz, M., Zhan, J. C. (2014). Methodische Verbesserungen im HFCS
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McKnight, S., Mihailov, A., Patterson, K., Rumler F. (2014). The Predictive
Performance of Fundamental Inflation Concepts: An Application to the Euro Area and
the United States, Department of Economics Discussion Papers 2014-108, Henley
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Prammer, D., Reiss, L. (2014). Fiscal Projections by the Oesterreichische Nationalbank:
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Ragacs, C. (2014). Austria: Economic Activity Picks Up at the Turn of the Year.
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Ragacs, C., Vondra, K. (2014). Moderate Upswing amid High Uncertainty. Monetary
Policy & the Economy Q2/14, OeNB, 6–30.
Ragacs, C., Vondra, K. (2014). Österreichs Wirtschaftsentwicklung, preisliche
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Raunig, B., Scharler, J., Sindermann, F. (2014). Do Banks Lend Less in Uncertain
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Economic Analysis and Research Department – Publications
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Reiss, L. (2014). Fiscal Sustainability Using Growth-Maximizing Debt Targets. Applied
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Rumler, F., Waschiczek, W. (2014). Have Changes in the Financial Structure Affected
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Schneider, M. (2014). Ein Fundamentalpreisindikator für Wohnimmobilien für Wien und
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Schneider, M., Wagner, K. (2014). Workshop Summary: Are House Prices Endangering
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Schneider, M. (2014). Labor Productivity Developments in Austria in an International
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Segalla, E. (2014). Shock Transmission through International Banks: Austria. OeNB
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Slačík, T., Steiner, K., Wörz, J. (2014). Can Trade Partners Help Better FORCEE the
Future? Impact of Trade Linkages on Economic Growth Forecasts in Selected CESEE
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Von Kalckreuth, U., Schmidt, T., Stix, H. (2014). Using Cash to Monitor Liquidity –
Implications for Payments, Currency Demand and Withdrawal Behavior. Journal of
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Vondra, K. (2014). Austria Holds Intra-EU Export Market Shares almost Constant despite
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Vondra, K., Widhalm, D., Wittenberger, T. (2014). Facts on Austria and Its Banks.
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Vondra, K., Widhalm, D., Wittenberger, T. (2014). Facts on Austria and Its Banks.
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Wagner, K. (2014). Intergenerational Transmission: How Strong is the Effect of Parental
Home Ownership? Monetary Policy & the Economy Q2/14, 49–64.
Wagner, K. (2014). Einige Kennzahlen zur Beurteilung der heimischen Immobilienmarktentwicklung – eine Bestandsaufnahme, ÖVI News 03/2014.
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Waschiczek, W. (2014). Kreditvergabepolitik der Banken und Kreditnachfrage der
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Waschiczek, W. (2014). Unveränderte Richtlinien der Banken für Kredite an KMU und
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Wittenberger, T., Widhalm, D., Lahnsteiner, M., Barisitz, S. (2014). Macrofinancial
Developments in Ukraine, Russia and Turkey from an Austrian Financial Stability
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Albacete, N., Lindner, P. (2013). Household Vulnerability in Austria – A Microeconomic
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Albacete, N., Schürz, M. (2013). Interviewereffekte beim HFCS Austria 2010. Statistiken
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Andreasch, M., Fessler, P., Lindner, P. (2013). Verknüpfung der Informationen zum
Finanzvermögen der Haushalte aus Mikro- und Makrodaten andhand des HFCS und der
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the CESEE Region via the Financial Channel: A GVAR Approach. Focus on European
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(eds) (2013). States, Banks and the Financing of the Economy: Fiscal Policy and
Sovereign Risk Perspectives. SUERF Study 2013/2, Vienna and Brussels, Larcier.
Barisitz, S. (2013). Nonperforming Loans in CESEE – An Even Deeper Definitional
Comparison. Focus on European Economic Integration Q3/13, OeNB, 67–84.
Barisitz, S. (2013). Credit Boom in Russia despite Global Woes – Driving Forces and
Risks. Financial Stability Report 26, OeNB, 82–99.
Beckmann, E. (2013). Financial Literacy and Household Savings in Romania. Numeracy
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Beckmann, E., Fidrmuc, J. (2013). Exchange Rate Pass-Through in CIS Countries.
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Beckmann, E., Moder, I. (2013). Households’ Expectations and Macroeconomic
Outcomes – Evidence from the Euro Survey. Focus on European Economic Integration
Q4/13, OeNB, 65–76.
Beckmann, E., Gächter, M., Ritzberger-Grünwald, D. (2013). Das internationale
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Beckmann, E., Dvorsky, S., Scheiber, T. (2013). Trust in the EU in CESEE: Did the
Crisis and EU Integration Have an Impact? Evidence from the OeNB Euro Survey.
Focus on European Economic Integration, Q2/13, OeNB, 77–90.
Beckmann, E., Hake, M., Urvova, J. (2013). Determinants of Households’ Savings in
Central, Eastern and Southeastern Europe. Focus on European Economic Integration
Q3/13, OeNB, 8–29.
Beer, C., Gonenc, R., Röhn, O., Wörgötter, A. (2013). OECD Economic Surveys:
Austria 2013, OECD Publishing. doi: 10.1787/eco_surveys-aut-2013-en
Benkovskis, K., Fadejeva, L., Stehrer, R., Wörz, J. (2013). How Important is Total
Factor Productivity for Growth in Central, Eastern and Southeastern European
Countries?; Focus on European Economic Integration Q1/13, OeNB, 8-27.
Benkovskis, K., Silgoner, M., Steiner, K., Wörz, J. (2013). Crowding-Out or CoExistence? The Competitive Position of EU Members and China in Global Merchandise
Trade. ECB Working Paper 1617.
Benkovskis, K., Wörz, J. (2013). Non-price Competitiveness of Exports from Emerging
Countries. ECB Working Paper 1612.
Bernhofer, D., van Treeck, T. (2013). New Evidence of Heterogeneous Interest Rate
Pass-through in the Euro Area, Economic Modelling, 35, 418–429.
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and Rebalancing in Vulnerable Member States. Quarterly Report on the Euro Area
12(3), 19–25.
Breuer, T., Summer, M. (2013). Robust Stress Tests: Recent Advances and Open
Problems. OeNB Financial Stability Report 25, 74–86.
Breuer, T., Vollbrecht, H.-J., Summer, M. (2013). Endogenous Leverage and Asset
Pricing in Double Auctions. OeNB Working Paper No. 184.
Crespo Cuaresma, J., Feldkircher, M. (2013). Spatial Filtering, Model Uncertainty and
the Speed of Income Convergence in Europe. Journal of Applied Econometrics, 28(4),
720–741.
Eller, M., Fidrmuc, J., Fungáčová, Z. (2013). Fiscal Policy and Regional Output
Volatility: Evidence from Russia. BOFIT Discussion Papers No. 13, Bank of Finland,
June.
Elsinger, H. (2013). Comment on: A New Test for Chaos and Determinism Based on
Symbolic Dynamics. Journal of Economic Behavior & Organization, 91, 131–138.
Elsinger, H. (2013). Comment on: A Non-Parametric Spatial Independence Test Using
Symbolic Entropy. Regional Science and Urban Economics, 43(5), 838–840.
Feldkircher, M. (2013). A Global Macro Model for Emerging Europe. OeNB Working
Paper No. 185.
Feldkircher, M., Fenz, G., Ferstl, R., Krenn, G., Neudorfer, B., Puhr, C., Reininger,
T., Schmitz, S.W., Schneider, M., Siebenbrunner, C., Sigmund, M., Spitzer, R.
(2013). ARNIE in Action: The 2013 FSAP Stress Tests for the Austrian Banking
System. Financial Stability Report 26, OeNB, 100–118.
Fenz, G. (2013). Austrian Economy to Grow by 0.5% in 2013. Monetary Policy & the
Economy Q3/13, 6–11.
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16
Fenz, G., Schneider, M. (2013). Austrian Economy Recovers from Two-Year Weak
Patch. The OeNB’s Economic Outlook for Austria from 2013 to 2015 (December
2013). Monetary Policy & the Economy Q4/13, 6–28.
Fernández-Amador, O., Gächter, M., Larch, M., Peter, G. (2013). Does Monetary
Policy Determine Stock Market Liquidity? New Evidence from the Euro Zone. Journal
of Empirical Finance, Elsevier, 21, 54-68, refereed.
Fessler, P., Fritzer, F. (2013). The Distribution of Inflation among Austrian Households.
Monetary Policy & the Economy Q3/13, 12–28.
Fessler, P., Schürz, M. (2013). Cross-Country Comparability of the Eurosystem
Household Finance and Consumption Survey. Monetary Policy & the Economy Q2/13,
OeNB, 29–50.
Fluch, M., Fritzer, F., Rumler, F. (2013). Inflation und Preiswahrnehmung: eine
Bestandsaufnahme für Österreich. Statistiken – Daten & Analysen, Q4/13, 67–85.
Furlan, B., Gächter, M., Krebs, B., Oberhofer, H. (2013). Democratization and Real
Exchange Rates. Forschungszentrum Internationale Wirtschaft (FIW), Working Paper
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Gächter, M., Riedl, A. (2013). One Money, One Cycle? The EMU Experience. OeNB
Working Paper No. 186.
Gächter, M., Riedl, A., Ritzberger-Grünwald, D. (2013). Business Cycle Convergence
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Gächter, M., Lorenz, H. Ramskogler, P., Silgoner, M. (2013). An Export-Based
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Gnan, E. (2013). Introduction. In: Gnan, E. (ed.). The Interaction of Political, Fiscal and
Financial Stability. Lessons from the Crisis. SUERF Study 2013/1, Vienna and
Brussels, Larcier.
Gnan, E. (2013). Monetary Policy Crisis Management and Price Stability. In:
Oesterreichische Nationalbank (2013). A Changing Role for Central Banks?
Proceedings of the OeNB’s 41st Economic Conference 2013, May, Vienna, 150–155.
Gnan, E., Holler, J. (2013). The Future of Sovereign Borrowing – Key Findings of a
Conference Jointly Organized by SUERF, OeNB and BWG on March 8, 2013, in
Vienna. Monetary Policy & the Economy Q1/13, OeNB, 52–60.
Gnan, E., Segalla, E. (2013). A Changing Role for Central Banks? Key Findings from the
41st OeNB Economics Conference; Vienna, June 10 and 11, 2013. Monetary Policy &
the Economy Q2/13, OeNB, 122–129.
Gnan, E., Kronberger, R. (eds) (2013). Schwerpunkt Außenwirtschaft 2012/2013–
Exportfinanzierung in der Krise, Facultas, Vienna.
Gnan, E., Kronberger, R. (eds) (2013). Editorial: Österreichische Außenwirtschaft trotzt
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Kronberger, R. (eds). Schwerpunkt Außenwirtschaft 2012/2013 – Exportfinanzierung in
der Krise, Facultas, Vienna, 11–20.
Greiner, A. Vondra, K. (2013). Fakten zum Euro. Oktober, OeNB.
Grossmann B. (2013). Transparenz als Basis effizienter und nachhaltiger Staatsaktivität.
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Bundesstaat. Effizienz und Koordinierungsaspekte. Öffentliches Management und
Finanzwirtschaft, 17. Vienna, Graz: NWV.
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12.07.2016
17
Gugler, K., Peev, E., Segalla, E. (2013). The Internal Workings of Internal Capital
Markets: Cross-Country Evidence. Journal of Corporate Finance, 20, 59–73.
Gugler, K., Mueller, D.C., Peev, E. Segalla, E. (2013). Institutional Determinants of
Domestic and Foreign Subsidiaries’ Performance. International Review of Law and
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Hauth, E., Grossmann, B. (2013). Haftungen der Gebietskörperschaften für Dritte:
Inwieweit limitieren die neuen Obergrenzenbestimmungen deren Haftungsrisiko?
Vienna, May.
Holler, J. (2013). Funding Strategies of Sovereign Debt Management: A Risk Focus.
Monetary Policy & the Economy Q2/13, OeNB, 51–74.
Hubrich, K., D’Agostino, A., Červená, M., Ciccarelli, M., Guarda, P., Haavio, M.
Jeanfils, P., Mendicino, C., Ortega, E., Valderrama, M.T., Valentinyiné Endrész,
M. (2013). Financial Shocks and the Macroeconomy: Heterogeneity and Nonlinearities. ECB Occasional Paper Series, 143, February.
Huynh-Olesen, D.T., Steiner, K., Hildebrandt, A., Wagner, K. (2013). Residential
Property Prices in Central, Eastern and Southeastern European Countries: The Role of
Fundamentals and Transition-Specific Factors. Focus on European Economic
Integration, Q2/13, OeNB, 52–76.
Jakubik, P., Reininger, T. (2013). Determinants of Nonperforming Loans in Central,
Eastern and Southeastern Europe. Focus on European Economic Integration Q3/13,
OeNB, 48–66.
Jakubík, P., Slacík, T. (2013). Measuring Financial (In)stability in Emerging Europe: A
New Index-based Approach. Financial Stability Report 25, OeNB,102–117.
Knell, M. (2013). Nominal and Real Wage Rigidities. In Theory and in Europe. Journal of
Macroeconomics 36, 89–105.
Knell, M. (2013). The Austrian System of Individual Pension Accounts – An Unfinished
Symphony. Monetary Policy & the Economy Q4/13, OeNB, 47–62.
Köhler-Töglhofer, W., Magerl, C. (2013). Revision of Price/Cost Competitiveness
Indicators for Austria. Monetary Policy & the Economy Q2/13, OeNB, 93–119.
Köhler-Töglhofer, W., Magerl C. (2013). Neuberechnung der Indikatoren der preislichen
und kostenmäßigen Wettbewerbsfähigkeit. WIFO Monatsberichte 8/2013, 753–768.
Kwapil, C., Scharler, J. (2013). Expected Monetary Policy and the Dynamics of Bank
Lending Rates. International Review of Economics and Finance, 27, 542–551, refereed.
Lahnsteiner, M. (2013). Private Sector Debt in CESEE EU Member States. Focus on
European Economic Integration Q3/13, OeNB, 30–47.
Nauschnigg, F. (2013). Wohnbau kurbelt Wirtschaft an, ohne Budget zu belasten. Wiener
Zeitung, 15 February.
Nauschnigg, F. (2013). Finanzkrisen und die Krise im Euroraum. Europastimme, Zeitung
der europäischen Föderalistischen Bewegung 54(2/3).
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Niemann, S., Pichler, P. (2013). Collateral, Liquidity and Debt Sustainability. OeNB
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Niemann, S., Pichler, P., Sorger, G. (2013). Central Bank Independence and the
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Niemann, S., Pichler, P., Sorger, G. (2013). Public Debt, Discretionary Policy, and
Inflation Persistence. Journal of Economic Dynamics and Control 37(6), 1097–1109.
Economic Analysis and Research Department – Publications
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Prammer, D. (2013). Taxation trends in the European Union: 2013 edition. Taxation
trends, European Commission
Ragacs, C., Vondra, K. (2013). Robust Recovery Remains Elusive. Economic Outlook
for Austria from 2013 to 2015 (June 2013). Monetary Policy & the Economy Q2/13,
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Ragacs, C., Vondra, K. (2013). Österreichs Wirtschaftsentwicklung preisliche
Wettbewerbsfähigkeit und Überblick über die Außenwirtschaft. In: Gnan, E.,
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Ramskogler, P. (2013). The National-Transnational Wage Setting Nexus in Europe What have we Learned from the Early Years of Monetary Integration? Journal of
Common Market Studies, 50(5), 916–930, refereed.
Reiss, L. (2013). Structural Budget Balances: Calculation, Problems and Benefits.
Monetary Policy & the Economy Q1/13, OeNB, 12–28.
Ritzberger-Grünwald, D. (2013). The Impact of External Shocks on Inflation Dynamics
in CESEE. In: BIS Workshop Volume on Globalisation and Inflation Dynamics in Asia
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Schneider, M. (2013). Are Recent Increases of Residential Property Prices in Vienna and
Austria Justified by Fundamentals? Monetary Policy & the Economy Q4/13, OeNB,
29–46.
Schuberth, H. (2013). Tax Policies and Financial Stability – Lessons from the Crisis, In:
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Schürz, M. (2013). Zu den Rechtfertigungsverhältnissen einer Erbschaftssteuer. In:
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Silgoner, M, Steiner, K., Wörz, J., Schitter, C. (2013). Fishing in the Same Pool? Export
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Silgoner, M., Steiner, K. Wörz, J., Schitter, C. (2013). Fishing in the Same Pool? Export
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Steiner, K. (2013). Residential Property Prices in Central, Eastern and Southeastern
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Stiglbauer, A. (2013). Effective Retirement Age in Austria – A Review of Changes since
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Stix, H. (2013). Why Do People Save in Cash? Distrust, Memories of Banking Crises,
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Stix, H. (2013). Does the Broad Public Want to Consolidate Public Debt? The Role of
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Stix, H. (2013). Wird ein nachhaltiger Staatsschuldenabbau von der Bevölkerung
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Glaubwürdigkeit der Wirtschaftspolitik. Ökonomenstimme.
Summer, M. (2013). Financial Contagion and Network Analysis. Annual Review of
Financial Economics, 5, 277–297.
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Von Kalckreuth, U., Schmidt, T., Stix, H. (2013). Choosing and Using Payment
Instruments: Evidence from German Microdata. Empirical Economics,
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Vondra, K. (2013). Austria Withstands Recession: Return to Positive Growth in Early
2013. Monetary Policy & the Economy Q1/13, OeNB, 6–11.
Wagner, K. (2013). Finanzmarktstabilität und Wohnbau, gbv News 04/13,
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Waschiczek, W. (2013). Anhaltend vorsichtige Kreditpolitik der Banken im
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Waschiczek, W. (2013). Vorsichtige Kreditpolitik der Banken bei verhaltener
Kreditnachfrage der Unternehmen (Österreich-Ergebnisse der euroraumweiten Umfrage
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Waschiczek, W. (2013). Kreditvergabepolitik der Banken und Kreditnachfrage der
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Waschiczek, W. (2013). Stabilisierung der Kreditstandards der Banken und der
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2012
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Albacete, N., Fessler, P., Schürz, M. (2012). Risk Buffer Profiles of Foreign Currency
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Albacete, N., Lindner, P., Wagner, K., Zottel, S. (2012). Eurosystem Household Finance
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Andreasch, M., Fessler, P., Schürz, M. (2012). Savings Deposits in Austria – A Safety
Net in Times of Crisis. Monetary Policy & the Economy Q2/12, OeNB, 81–95.
Andreasch, M., Fessler, P., Mooslechner, P., Schürz, M. (2012). Fakten zur
Vermögensverteilung in Österreich. Sozialbericht 2011–2012. Bundesministerium für
Arbeit, Soziales und Konsumentenschutz, Vienna.
Balling, M., Gnan, E. (2012). States, Banks, and the Financing of the Economy. SUERF
Newsletter, December, Vienna.
Barisitz, S., Lahnsteiner, M. (2012). Ukrainian Banks Face Heightened Uncertainty and
Challenges. Financial Stability Report 23, OeNB, 50–57.
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Uncertainty and Challenges. Financial Stability Report 23, OeNB, 50–57.
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Bartkowska, M., Riedl, A. (2012). Regional Convergence Clubs in Europe:
Identification and Conditioning Factors. Economic Modelling 29(1), 22–31.
Backé, P., Gardó, S. (2012). Spillovers of the Greek Crisis to Southeastern Europe:
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Backé, P., Bernhofer, D. (2012). Spillovers of the Greek Crisis to Southeastern Europe:
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Beckmann, E., Fidrmuc, J. (2012). Oil Price Shock and Structural Changes in CMEA
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Beckmann, E., Fidrmuc, J., Stix, H. (2012). Foreign Currency Loans. OeNB Working
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Beckmann, E., Scheiber, T. (2012). Not So Trustworthy Anymore? The Euro as a Safe
Haven Asset in Central, Eastern and Southeastern Europe. Focus on European
Economic Integration Q2/12, OeNB, 65–71.
Beckmann, E., Scheiber, T. (2012). The Impact of Memories of High Inflation on
Households’ Trust in Currencies. Focus on European Economic Integration Q4/12,
OeNB, 80–93.
Beckmann, E., Stix, H. (2012). The Impact of the Crisis on Foreign Currency Borrowing
of Households in CESEE-Implications for Economic Policy. East-West Journal of
Economics and Business, XV(1-2), 37–47, refereed.
Beckmann, E., Fidrmuc, J., Stix, H. (2012). Foreign Currency Loans and Loan Arrears
of Households in Central and Eastern Europe. OeNB Working Paper 181.
Beer, C., Riedl, A. (2012). Modelling Spatial Externalities in Panel Data: The Spatial
Durbin model revisited. Papers in Regional Science, 91(2), 299–318, refereed.
Beer, C., Wagner, K. (2012). Housing Cost Burden of Austrian Households: Results of a
Recent Survey. Monetary Policy & the Economy Q4/2012, OeNB, 78–89.
Beer, C., Waschiczek, W. (2012). Der Bankkredit in der Finanzierung des
Unternehmenssektors in Österreich. Wirtschaftspolitische Blätter 1/2012, 29–42.
Beer, C., Waschiczek, W. (2012). Analyzing Corporate Loan Growth in Austria Using
Bank Lending Survey Data: Conceptual Issues and Some Empirical Evidence.
Monetary Policy & the Economy Q2/12, OeNB, 61–80.
Benkovskis, K., Wörz, J. (2012). Non-Price Competitiveness Gains of Central, Eastern
and Southeastern European Countries in the EU Market, Focus on European Economic
Integration Q3/12, OeNB, 27–47.
Benkovskis, K., Wörz, J. (2012). Non-Price Competitiveness of Exports from Emerging
Countries. BOFIT Discussion Papers 19/2012.
Bertola, G., Dabusinskas, A., Hoeberichts, M., Izquierdo, M., Kwapil, C., Montornès,
J., Radowski, D. (2012). Price, Wage and Employment Response to Shocks: Evidence
from the WDN Survey. Labour Economics, 19(5), 783–791, refereed.
Boonstra, W., Bishop, G., Nauschnigg, F. et al. (2012). The ELEC „Euro T-Bill Fund“.
A proposal for a Two-year Refinancing for All Euro Bills/Optional Refinancing of
Bond Maturities Until 2015. ELEC, www.elec-lece.eu
Breitenfellner, A. Crespo Cuaresma, J., Mayer, P. (2012). Energy Inflation and House
Price Corrections. European Economy - Economic Papers 471, European Commission.
Breuer, Th., Jandačka, M., Summer, M. (2012). A Systematic Approach to Multiperiod
Stress Testing of Portfolio Credit Risk. Journal of Banking and Finance, 36(2), 332–
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Brunauer, W., Feilmayr, W., Wagner, K. (2012). A Residential Property Price Index for
Austria. Statistiken – Daten & Analysen, Q3/12, OeNB, 90–102.
Ciccarelli, M., Ortega, E., Valderrama, M. T. (2012). Heterogeneity and Cross-Country
Spillovers in Macroeconomic-Financial Linkages. ECB Working Paper 1498.
Crespo Cuaresma, J., Feldkircher, M. (2012). Drivers of Output Loss during the 2008–
09 Crisis: A Focus on Emerging Europe. Focus on European Economic Integration
Q2/12, OeNB, 46–64.
Crespo Cuaresma, J., Doppelhofer, G., Feldkircher, M. (2012). The Determinants of
Economic Growth in European Regions. Regional Studies.
Denisova, I., Eller, M., Frye, T., Zhuravskaya, E. (2012). Everyone Hates Privatization,
but Why? Survey Evidence from 28 Post-Communist Countries. Journal of
Comparative Economics, 40, 44–61, refereed.
Eichberger, J., Rheinberger, K., Summer, M. (2012). Credit Risk in General
Equilibrium. ECB Working Paper No 1445, June.
Eller, M., Hake, M. (2012). EBRD Transition Report 2011: The Crisis from the
Household Perspective. Focus on European Economic Integration Q1/12, OeNB, 52–53.
Eller, M., Urvová, J. (2012). How Sustainable Are Public Debt Levels in Emerging
Europe? Evidence for Selected CESEE Countries from a Stochastic Debt Sustainability
Analysis. Focus on European Economic Integration Q4/12, OeNB, 48–79.
Eller, M., Mooslechner, P., Ritzberger-Grünwald, D. (2012). Editorial. In: Limited
Fiscal Space in CESEE: Needs and Options for Post-Crisis Reform. Proceedings of
OeNB Workshops No. 17, 5–6.
Eller, M., Mooslechner, P., Ritzberger-Grünwald, D. (2012). Limited Fiscal Space in
CESEE: The Issue, Underlying Economic Conditions, Related Implications and Policy
Options. In: Limited Fiscal Space in CESEE: Needs and Options for Post-Crisis
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Elsinger, H., Lehar, A., Summer, M. (2012). Network Models and Systemic Risk. In:
J.P. Pouque and J. Langsam (eds), The Handbook of Systemic Risk. Cambridge
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Feldkircher, M. (2012). The Determinants of Vulnerability to the Global Financial Crisis
2008 to 2009: Credit Growth and Other Sources of Risk. BOFIT Discussion Papers
26/2012.
Feldkircher, M. (2012). Forecast Combination and Bayesian Model Averaging – A Prior
Sensitivity Analysis. Journal of Forecasting, 31(4), 361–376.
Feldkircher, M., Korhonen, I. (2012). The rise of China and its implications for
emerging markets – Evidence from a GVAR model. In: BOFIT Discussion Papers
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Feldkircher, M., Zeugner, S. (2012). The Impact of Data Revisions on the Robustness of
Growth Determinants – A Note on "Determinants of Economic Growth. Will Data
Tell?" Journal of Applied Econometrics, Replication Section, 27(4), 686–694.
Fenz, G., Schneider, M. (2012). Austria Prevails in Bleak Environment Economic
Outlook for Austria from 2012 to 2014 (December 2012). Monetary Policy & the
Economy Q4/12, OeNB, 6–31.
Fenz, G., Moder, I., Silgoner, M. (2012). Sovereign Debt Crisis Delays Economic
Recovery. Monetary Policy & the Economy Q3/12, OeNB, 5–22.
Fenz, G., Reiss, L., Schneider, M. (2012). A Structural Interpretation of the Impact of the
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Fessler, P., Mooslechner, P., Schürz, M. (2012). Eurosystem Household Finance and
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Q3/12, OeNB, 24–62.
Fessler, P., Mooslechner, P., Schürz, M. (2012). Wiener Reichtumsbericht 2012. Wiener
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Fidrmuc, J., Hake, M., Stix, H. (2012). Households’ Foreign Currency Borrowing in
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Fritzer, F. (2012). Price Level Convergence Before and After the Advent of EMU.
Monetary Policy & the Economy Q1/12, OeNB, 105–116.
Gächter, M., Schwazer, P., Theurl, E. (2012). Stronger Sex but Earlier Death: A
Multilevel Socioeconomic Analysis of Gender Differences in Mortality in Austria.
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Gnan, E., Segalla, E. (2012). European Monetary Union: Lessons from the Debt Crisis.
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Gnan, E., Kronberger, R. (2012). Editorial: Komplexes Umfeld und strategische
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Grossmann, B., Hauth, E. (2012). Die neue fiskalpolitische Steuerung in der EU und
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Hake, M. (2012). Banking Sector Concentration and Firm Indebtedness: Evidence from
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Hauth, E., Grossmann, B. (2012). Umfang und Risikopotenzial von kommunalen
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Jobst, C., Handig, M. Holzfeind, R. (2012). Understanding TARGET2: The
Eurosystem’s Euro Payment System from an Economic and Balance Sheet Perspective.
Monetary Policy & the Economy Q1/12, OeNB, 81–91.
Jobst, C., Handig, M., Schneeberger, R. (2012). The Cross-Border Movement of Euro
Banknotes and Austria’s TARGET 2 Liabilities, Monetary Policy & the Economy
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Knell, M., Stiglbauer, A. (2012). Reference Norms, Staggered Wages and Wage
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Mooslechner, P., Stix, H., Wagner, K. (2012). The Use of Payment Instruments in
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Nauschnigg, F. (2012). Polen: Keynesianisches Wirtschaftswunderland an der Weichsel.
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90. Geburtstag von Heinz Kienzl. Vienna.
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Nowotny, E., Mooslechner, P., Ritzberger-Grünwald, D. (eds) (2012). European
Integration in a Global Economy – CESEE and the Impact of China and Russia. Edward
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Ragacs, C., Vondra, K. (2012). Austrian Economy Prevails in Bleak International
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Policy & the Economy Q2/12, OeNB, 6–32.
Ragacs, C., Vondra, K. (2012). Österreichs Wirtschaftsentwicklung. In: Gnan, E.,
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Raunig, B. (2012). Financial Markets and Real Ecomomic Activity. Monetary Policy &
the Economy Q4/12, OeNB, 92–95.
Riedl, A., Rocha-Akis, S. (2012). How Elastic are National Corporate Income Tax Bases
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Ritzberger-Grünwald, D., Scheiber T. (2012). Euro Cash in Central, Eastern and
Southeastern Europe. Monetary Policy & the Economy Q1/12, OeNB, 41–55.
Rumler, R. (2012). The Pass-Through of Commodity Prices to Consumer Prices of
Selected Products. Monetary Policy & the Economy Q1/12, OeNB, 92–104.
Rumler, F. Waschiczek, W. (2012). Have Changes in the Financial Structure Affected
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Schreiner, J. (2012). Developments in Selected CESEE Countries: Heterogeneous Growth
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Integration Q2/12, OeNB, 8–37.
Slacík, T. (2012). 10th ESCB Emerging Markets Workshop. Focus on European
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Walch, N., Wörz, J. (2012). The Impact of Country Risk Ratings and of the Status of EU
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Waschiczek, W. (2012). Banken berichten weiterhin über Zurückhaltung bei
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Andreasch, M., Fessler, P., Mooslechner, P., Schürz, M. (2011). Einkommen privater
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Vienna and Brussels, Larcier, 2011/2.
Barisitz, S. (2011). Nonperforming Loans in CESEE – What Do They Comprise? Focus
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Beckmann, E., Scheiber, T., Stix, H. (2011). How the Crisis Affected Foreign Currency
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Beckmann, E., Dvorsky, S., Scheiber, T. (2011). OeNB Euro Survey: Growing
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Beer, C. (2011). Literature Review on the Economic Effects of the Euro on Austria.
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Bernhofer, D., Brait, R. (2011). Die Verteilungswirkung der Mineralölsteuer in
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Crespo Cuaresma, J., Eller, M., Mehrotra, A. (2011). The Economic Transmission of
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Crespo Cuaresma, J., Eller, M., Mehrotra, A. (2011). The Economic Transmission of
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Crespo Cuaresma, J., Fernandez Amador, O., Gächter, M. (2011). Die Währungsunion
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Crespo Cuaresma, J., Fidrmuc, J., Hake; M. (2011). Determinants of Foreign Currency
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Csajbók, A., Gnan, E. (eds) (2011). The Future of Banking in CESEE after the Financial
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Dreger, C., Fidrmuc, J. (2011). Drivers of Exchange Rate Dynamics in Selected CIS
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Eichberger, J., Rheinberger, K., Summer, M. (2011). Credit Risk in General
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Essl, S., Stiglbauer, A. (2011). Prevention and Correction of Macroeconomic Imbalances:
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Fenz, G., Schneider, M. (2011). Transmission of Business Cycle Shocks between the US
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Fenz, G., Schneider, M. (2011). Crisis of Confidence to Trigger Marked Slump in Growth
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Fenz, G,. Schreiner, J., Silgoner, M. (2011). Growth Weakens Worldwide. Monetary
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Fessler, P., Hinsch, S. (2011). Wie funktioniert Wirtschaft? Eine kritische Einführung.
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Fessler, P., Mooslechner, P., Schürz, M. (2011). Zur Messung des Pensionsvermögens
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Fidrmuc, J., Martin, R. (2011). FDI, Trade and Growth in CESEE Countries. Focus on
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Fidrmuc, J., Hake, M., Stix, H. (2011). Households’ Foreign Currency Borrowing in
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Fillat Castejón, C., Wörz, J. (2011). Good or Bad? The Influence of FDI on Output
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Francois, J., Wörz, J. (2011). Shifts in International Trade and Value Added from 1995 to
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Fritzer, F. (2011). Administered Prices, Inflation and the Business Cycle – Selected
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Fritzer, F. (2011). Inflation Differentials between Austria, the Euro Area, Germany and
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Fuentes, A., Ramskogler, P., Silgoner, M.A. (2011). The Swiss Economy’s Resilience to
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Gächter, M., Theurl, E. (2011). The Austrian Health Care System. In: Himanshu Sekhar
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Gardó, S. (2011). Preserving Macrofinancial Stability in Serbia: Past Legacies, Present
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Giordano, R., Depalo, D., Coutinho Pereira, M., Eugène, B., Papapetrou, E., Perez, J.,
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Gloggnitzer, S., Lindner, I. (2011). Economic Governance Reform and Financial
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Gnan, E. (2011). Chapter 1: Introduction – The Future of Banking in CESEE after the
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Gnan, E. (2011). Aktuelle wirtschaftliche Ungleichgewichte – eine Zentralbanksicht.
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Gnan, E. (2011). Monetary Policy after the Crisis. In: SUERF Newsletter, April 2011.
Gnan, E., Pichler, P. (2011). The Future of European Integration: Some Economic
Aspects. Key Findings of the OeNB’s 39th Annual Economic Conference. Monetary
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Gnan, E., Kokoszczynski, R., Lyziak, T., McCauley, R. (eds) (2011). Monetary Policy
after the Crisis. SUERF Studies, Vienna and Brussels, Larcier, 2011/3.
Gnan, E., Langthaler, J., Valderrama, M.T. (2011). Heterogeneity in Euro Area
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Policy & the Economy Q2/11, OeNB, 43–66.
Hajek-Rezaei, M. (2011). Chronology of European Initiatives in Response to the Crisis.
Monetary Policy & the Economy Q4/11, OeNB, 125–134.
Hauth, E. (2011). Verschuldungsregeln für Länder und Gemeinden: Nationale
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Hauth, E., Grossmann, B. (2011). Budgetentwicklung der Bundesländer in Österreich im
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Holler, J., Reiss, L. (2011). What to Expect from the Latest Reform of the Stability and
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Janssen, M., Pichler, P., Weidenholzer, S. (2011). Oligopolistic Markets with Sequential
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Köhler-Töglhofer, W. (2011). Editorial. Monetary Policy & the Economy Q4/11, OeNB,
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Köhler-Töglhofer, W., Part, P. (2011). Macro Coordination under the European
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Kollmann, R., Maliar, S., Malin, B., Pichler, P. (2011). Comparison of Solutions to the
Multi-Country Real Business Cycle Model. Journal of Economic Dynamics and Control
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Lahnsteiner, M. (2011). The Refinancing Structure of Banks in Selected CESEE
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Lerner, C. (2011). IMF Regional Economic Outlook for Europe: Navigating Stormy
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Lindner, P. (2011). Decomposition of Wealth and Income using Micro Data from Austria,
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Mihailov, A., Rumler, F., Scharler, J. (2011). Inflation Dynamics in the New EU
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Mooslechner, P. (2011). Kurt Rothschild und die Finanzkrise. Kurswechsel 2/2011,
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Mooslechner, P. (2011). Stabile und sichere Finanzinstrumente. Wohnzeit Nr. 04/2011, 6.
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Mooslechner, P. (2011). (Groß)Baustelle Europäische Finanzarchitektur: Eine vorläufige
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Mooslechner, P. (2011). Neue Europäische Finanzarchitektur: Eine Gleichung mit noch
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Mooslechner, P. (2011). Challenges for Monetary and Exchange Rate Policy in CESEE
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Mooslechner, P. (2011). Wie tragfähig ist der konjunkturelle Aufschwung?
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Nauschnigg, F. (2011). Growth-friendly Fiscal Consolidation. In Stabilising an Unequal
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Nauschnigg, F. (2011). Krisenbewältigung Schweiz und Österreich
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Nowotny, E., Mooslechner, P., Ritzberger-Grünwald, D. (eds) (2011). Post-Crisis
Growth and Integration in Europe – Catching-Up Strategies after the Crisis. Edward
Elgar, Cheltenham, UK, Northampton, MA.
Pichler, P. (2011). Solving the Multi-Country Real Business Cycle Model Using a
Monomial Rule Galerkin Method. Journal of Economic Dynamics and Control 35(2),
240–251.
Pointner, W., Wolner-Rößlhuber, K. (2011). European Financial Supervision: The Long
Road to Reform. Monetary Policy & the Economy Q3/11, OeNB, 62–81.
Polgar, E.K., Wörz, J. (2011). Trade with Central and Eastern Europe: Is it really a threat
to wages in the West?, Danube Law and Economics Review I, 1–32.
Prean, N., Stix, H. (2011). The Effect of Raising Deposit Insurance Coverage in Times of
Financial Crisis – Evidence from Croatian Microdata. Economic Systems, 35, 496–511.
Ragacs, C., Resch, B., Vondra, K. (2011). Austria’s Manufacturing Competitiveness.
Monetary Policy & the Economy Q3/11, OeNB, 35–61.
Ragacs, C., Vondra, K. (2011). Austria’s Economy Moves beyond the Crisis: Powerful
Economic Growth Provides a Tailwind to Reduce Budget Deficits – Economic Outlook
for Austria from 2011 to 2013 (June 2011). Monetary Policy & the Economy Q2/11,
OeNB, 6–30.
Ramskogler, P. (2011). Credit Money, Collaterall and the Solvency of Banks: A Post
Keynesian Analysis of Credit Market Failure. Review of Political Economy.
Raunig, B., Scharler, J. (2011). Stock Market Volatility, Consumption and Investment;
An Evaluation of the Uncertainty Hypothesis Using Post-War U.S. Data. OeNB
Working Paper No. 168.
Raunig, B., Scheicher, M. (2011). A Value at Risk Analysis of Credit Default Swaps.
Journal of Risk 13(4), 3–29.
Reiss, L., Köhler-Töglhofer, W. (2011). Austria’s Tax Structure in International
Comparison – A Statistical and Economic Analysis. Monetary Policy & the Economy
Q1/11, OeNB, 21–40.
Reiss L., Köhler-Töglhofer, W. (2011). Implications of the Crisis for Public Finances:
The Case of Austria. In: Daniele Franco (ed.). Fiscal Policy: Lessons from the Crisis.
Workshop and Conferences 6, Bank of Italy, Economic Research Department.
Riedl, A., Schneider, M. Schreiner, J. (2011). Global Economy Continues to Recover in
a Fragile Environment. Monetary Policy & the Economy Q1/11, OeNB, 6-20.
Ritzberger-Grünwald, D., Silgoner, M. (2011). Conference on European Economic
Integration 2011: European Integration in a Global Economic Setting – CESEE, China
and Russia. Focus on European Economic Integration, Q4/11, OeNB, 102–112
Rumler, F., Baumgartner, J., Stiglbauer, A. (2011). Patterns and Determinants of Price
Changes: Analysing Individual Consumer Prices in Austria. German Economic Review,
12(3), May, 336–350.
Rumler, F., Scharler, J. (2011). Labor Market Institutions and Macroeconomic Volatility
in a Panel of OECD Countries. Scottish Journal of Political Economy, 58(3), 396–413.
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Schreiner, J. (2011). Developments in Selected CESEE Countries: Gradual Recovery
amid Rising Inflation and Some Fiscal Consolidation. Focus on European Economic
Integration Q2/11, OeNB, 6–41.
Schreiner, J. (2011). Developments in Selected CESEE Countries: Deteriorating External
Demand and Rising Risk Aversion Increasingly Weigh on Growth in CESEE. Focus on
European Economic Integration Q4/11, OeNB, 8–43.
Schuberth, H. (2011). Financial Crisis and Inequality (2011), in: Niechoj, T., Onaran, Ö.,
Stockhammer, E., Truger, A., van Treeck, T. (eds), Stabilising an Unequal Economy?
Public Debt, Financial Regulation, and Income Distribution, Marburg: Metropolis.
Steiner, K. (2011). Households’ Exposure to Foreign Currency Loans in CESEE EU
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Stix, H. (2011). Euroization: What Factors Drive its Persistence? Applied Economics,
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Stix, H. (2011). The Euro as a Safe Haven Asset in Central, Eastern and Southeastern
Europe. In: Ewald Nowotny, Peter Mooslechner, Doris Ritzberger-Grünwald (eds), The
Euro and Economic Stability – Focus on Central, Eastern and Southeastern Europe,
2010, Edwar Elgar: Cheltenham, UK, Nothampton MA, USA, p. 109–128.
Stix, H. (2011). Does the Broad Public Want to Consolidate Public Debt? The Role of
Fairness and of Policy Credibility. OeNB Working Paper No. 167.
Summer, M. (2011). Bank Supervision and Resolution: National and International
Challenges. Summary of a Joint Workshop of CEPR, the University of Vienna and the
OeNB. Financial Stability Report 22, OeNB, 107–111.
Von Kalckreuth, U., Schmidt, T., Stix, H. (2011). Using Cash to Monitor Liquidity –
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Wagner, K. (2011). Haben Mieter oder Eigentümer höhere Wohnkosten und wie stark
sind ihre Einkommen dadurch belastet? Arbeiterkammer; Wirtschaft und Gesellschaft,
37. Jahrgang (2011), Heft 1, 139–148.
Waschiczek, W. (2011). Weiterhin unveränderte Kreditvergabepolitik der österreichischen
Banken (Österreich-Ergebnisse der euroraumweiten Umfrage über das Kreditgeschäft
im Jänner 2011). Statistiken – Daten & Analysen, Q1/11, 33–36.
Waschiczek, W. (2011). Kreditvergabeverhalten der Banken weiterhin stabil. ÖsterreichErgebnisse der euroraumweiten Umfrage über das Kreditgeschäft im April 2011.
Statistiken – Daten & Analysen, Q2/11, 24–27.
Waschiczek, W. (2011). Banken erwarten für 2012 aufgrund von „Basel III“ eine leichte
Verschärfung der Kreditrichtlinien (Österreich-Ergebnisse der euroraumweiten
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39–43.
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Statistiken – Daten & Analysen, Q4/11, 60–63.
Weber, B., Schmitz, S.W. (2011). Varieties of Helping Capitalism. Politico-economic
Determinants of Bank Rescue Packages in the EU during the Recent Crisis. Socioeconomic Review 9/4, 638–669.
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Albacete, N., Fessler, P. (2010). Stress Testing Private Households in Austria. Financial
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Andreasch, M., Mooslechner, P., Schürz, M. (2010). Einige Aspekte der
Vermögensverteilung in Österreich, in: Bundesministerium für Arbeit, Soziales und
Konsumentenschutz (Hrsg.), Sozialbericht 2009 – 2010, Vienna, 233–260.
Backé, P., Feldkircher, M., Gnan, E. and M. Lahnsteiner (2010). Contagion and
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Backé, P., Gallego, S., Gardó, S., Martin, R., Molina, L., Serena, J.M. (2010). How
Did the Global Financial Crisis Affect the CESEE Region and Latin America? A
Comparative Analysis. Focus on European Economic Integration Q1/10, OeNB, 49–66.
Backé, P., Gnan, E., Hartmann, P. (eds) (2010). Contagion and Spillovers: New Insights
from the Crisis. SUERF Studies 2010/5, Vienna & Brussels, Larcier.
Barisitz, S., Lahnsteiner, M. (2010). From Stormy Expansion to Riding out the Storm:
Banking Development in Kazakhstan. Financial Stability Report 19, OeNB, 62–71.
Barisitz, S., Lahnsteiner, M. (2010). Russian Banks on the Route of Fragile Recovery.
Financial Stability Report 20, OeNB, 77–85.
Barisitz, S., Holzhacker, H., Lytvyn, O., Sabyrova, L. (2010). Crisis Response Policies
in Russia, Ukraine, Kazakhstan and Belarus – Stock-Taking and Comparative
Assessment. Focus on European Economic Integration Q4/10, OeNB, 48–77.
Beer, C., Ongena, S., Peter, M. (2010). Borrowing in Foreign Currency: Austrian
Households as Carry Traders. Journal of Banking and Finance 34, 2198–2211.
Breitenfellner, A. et al. (2010). Energy Markets and the Euro Area Macroeconomy.
Occasional Paper Series 113, European Central Bank.
Breuer, T., Jandačka, M., Mencía, J., Summer, M., (2010). A Systematic Approach to
Multiperiod Stress Testing of Portfolio Credit Risk. WP. No. 1018, Banco de España.
Červená, M., Schneider, M. (2010). Short-Term Forecasting GDP with a DSGE Model
Augmented by Monthly Indicators. OeNB Working Paper No. 163.
Crespo Cuaresma, J., Geršl, A., Slacík, T. (2010). Could Markets Have Helped Predict
the Puzzling Exchange Rate Path in CESEE Countries during the Current Crisis? Focus
on European Economic Integration Q1/10, OeNB, 32–48.
Crespo Cuaresma, J., Feldkircher, M. (2010). Spatial Filtering, Model Uncertainty and
the Speed of Income Convergence in Europe. OeNB Working Paper No. 160.
Crespo Cuaresma, J., Orthofer, A. (2010). Modeling and Predicting the EUR/USD
Exchange Rate: The Role of Nonlinear Adjustments to Purchasing Power Parity.
Monetary Policy & the Economy Q2/10, OeNB.
Crespo-Cuaresma, J., Slacík, T. (2010). An “Almost-Too-Late” Early Warning Indicator
for Currency Crises. Economics of Transition 18(1), 123–141.
Crespo Cuaresma, J., Feldkircher, M. , Mayerhofer, P. (2010). Regional Convergence
in Europe and the Role of Urban Agglomerations. Focus on European Economic
Integration Q3/10, OeNB, 64–78.
Denisova, I., Eller, M., Zhuravskaya, E. (2010). What do Russians Think about
Transition? Economics of Transition 18(2), 249–280.
Dvorsky, S., Scheiber, T., Stix, H. (2010). Real Effects of Crisis Have Reached CESEE
Households: Euro Survey Shows Dampened Savings and Changes in Borrowing
Behaviour. Focus on European Economic Integration Q2/10, OeNB, 79–90.
Dvorsky, S., Scheiber, T., Stix, H. (2010). Euro Survey of Spring 2010: Sovereign Debt
Crisis Left Traces in CESEE Households’ Sentiment, Foreign Currency Portfolios
Broadly Unchanged. Focus on European Economic Integration Q4/10, OeNB, 78–89.
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Eller, M., Frömmel, M., Srzentic, N. (2010). Private Sector Credit in CESEE: Long-Run
Relationships and Short-Run Dynamics. Focus on European Economic Integration
Q2/10, OeNB, 50–78.
Elsinger, H. (2010). Independence Tests Based on Symbolic Dynamics. OeNB Working
Paper No. 165.
Elsinger, H., Summer, M. (2010). Bank Recapitalization and Restructuring: An
Economic Analysis of Various Options. Monetary Policy & the Economy Q1/10,
OeNB, 87–97.
Elsinger, H., Summer, M. (2010). The Economics of Bank Insolvency, Restructuring and
Recapitalization. Financial Stability Report 20, OeNB, 115–122.
Fabiani, S., Galuscak, K., Kwapil, C., Lamo, A., Rööm, T. (2010). Wage Rigidities and
Labor Market Adjustment in Europe. Journal of the European Economic Association, 8
(2–3), 497–505, refereed.
Feldkircher, M. (2010). Forecast Combination and Bayesian Model Averaging – A Prior
Sensitivity Analysis. Working Papers in Management and Economics 2010-14,
University of Salzburg.
Feldkircher, M., Zeugner, S. (2010). The Impact of Data Revisions on the Robustness of
Growth Determinants – A Note on 'Determinants of Economic Growth. Will Data Tell?'
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Feldkircher, M., Martin, R., Wörz, J. (2010). Measuring Competition in CESEE:
Stylized Facts and Determinants across Countries and Sectors. Focus on European
Economic Integration Q3/10, OeNB, 38–62.
Feldkircher, M., Martin, R., Wörz, J. (2010). The Intensity of Competition in Central,
Eastern and Southeast Europe: Stylized Facts and Repercussions for Sectoral Price
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Fenz, G. Mayer, P., Schreiner, J. (2010). Global Economy Continues to Recover.
Monetary Policy & the Economy Q3/10, OeNB, 6–24.
Fenz, G., Schneider, M.( 2010). Recovery of the Austrian Economy Continues. Economic
Outlook for Austria from 2010 to 2012 (December 2010). Monetary Policy & the
Economy Q4/10, OeNB, 6–31.
Fenz, G,. Schneider, M. (2010). Transmission of Business Cycle Shocks between the US
and the Euro Area. Applied Economics, 1-17, iFirst.
Fessler, P., Mooslechner, P., Schürz, M. (2010). Repräsentativität der ersten Welle des
HFCS in Österreich. Statistiken, Q4/10, 48–62.
Fessler, P., Mooslechner P., Schürz M. (2010). Zur Konzeption des Vermögens in der
Erhebung des Eurosystems zu Finanzen und Konsum der privaten Haushalte,
Statistiken, Q3/10, 40–55.
Fessler, P., Schürz, M. (2010). Informationen zum kleinen Häuselbauer. In: Wirtschaft
und Gesellschaft 02/10. Arbeiterkammer Wien.
Fessler, P., Mooslechner, P., Schürz, M. (2010). Real Estate Inheritance in Austria.
Monetary Policy & the Economy Q2/10, OeNB, 33–53.
Fidrmuc, J., Hainz, C. (2010). Default Rates in the Loan Market for SMEs: Evidence
from Slovakia. Economic Systems 34 (2), 133–147.
Fidrmuc, J., Korhonen, I. (2010). The Impact of the Global Financial Crisis on Business
Cycles in the Emerging Economies in Asia. Journal of Asian Economics 21 (3), 293–
303.
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Fidrmuc, J., Steinacher, S. (2010). OeNB Conference on European Economic Integration
2010 – Catching-Up Strategies after the Crisis. Focus on European Economic
Integration, Q4/10, OeNB, 92–102.
Fidrmuc, J., Horváth, R., Horváthová, E. (2010). Corporate Interest Rates and the
Financial Accelerator in the Czech Republic. Emerging Markets Finance and Trade,
vol. 46 (4), 41–54.
Flandreau, M., Flores, J., Jobst, C. Khoudour-Castéras, D. (2010). Business Cycles
1870–1914. In: Broadberry, S., O’Rourke, R. (eds). Cambridge Economic History of
Europe. Cambridge, Cambridge University Press.
Fluch, M., Rumler, F., Wittenberger, T. (2010). Discount Pricing in Austria: Insights
into Retail Business Practices and HICP Coverage. Monetary Policy & the Economy
Q3/10, OeNB, 59–89.
Francois, J., Wörz, J. (2010). Trade, Economic Structure and the Great Recession: The
Example of Central, Eastern and Southeastern Europe, Focus on European Economic
Integration Q1/10, OeNB, 67–72.
Francois, J., Wörz, J. (2010). A Structural Decomposition of International Trade, wiiw
Monthly Report 12/10, 1–7.
Freitag, B., Schimka, B. (2010). Effects of the Payment Services Act on the Austrian
Financial Market. Financial Stability Report 19, OeNB, 92–104.
Gaggl, P., Valderrama, M.T. (2010). Does a Low Interest Rate Environment Affect Risk
Taking in Austria? Monetary Policy & the Economy Q4/10, OeNB, 32–48.
Gallego, S., Gardó, S. et al. (2010). The Impact of the Global Economic and Financial
Crisis on CESEE and Latin America. Banco de España Occasional Paper No. 1002.
Gallego, S., Gardó, S. et al. (2010). The Global Economic and Financial Crisis – A
Comparative Assessment of its Impact on the CESEE Region and Latin America.
SUERF Studies 2010/5, 235–268.
Gardó, S. (2010). Bank Governance and Financial Stability in CESEE: A Review of the
Literature. Focus on European Economic Integration Q1/10, OeNB, 6–31.
Gardó, S. (2010). Croatia: Preserving Macrofinancial Stability in the Wake of the Global
Crisis. Focus on European Economic Integration Q3/10, OeNB, 6–37.
Gardó, S., Martin, R. (2010). The Impact of the Global Economic and Financial Crisis on
Central, Eastern and South-Eastern Europe: A Stock-taking Exercise. ECB Occasional
Paper No. 114, June.
Gardó, S. et al. (2010). Financial Stability Challenges in EU Candidate Countries:
Financial Systems in the Aftermath of the Global Financial Crisis. ECB Occasional
Paper No. 115, July.
Gnan, E. (2010). The Future of Banking in CESEE after the Financial Crisis – Conference
Report SUERF and MNB Conference. In: SUERF Newsletter Summer 2010, 4-9.
Gnan, E. (2010). Are Price Stability and Financial Stability Complementary or
Contradictory Mandates? Four Issues. In: Oesterreichische Nationalbank, Central
Banking after the Crisis. Proceedings of the OeNB’s 38th Economic Conference 2010,
Vienna.
Gnan, E. (2010). Regulation and Banking after the Crisis. Some insights from a
conference jointly organised by SUERF and the Central Bank and Financial Services
Authority of Ireland, Dublin, 20 September 2010. BankArchiv, November 2010.
Gnan, E., Kaufmann, S. (2010). Central Banking after the Crisis: Responsibilities,
Strategies, Instruments – Summary of the 38th Economics Conference. Monetary Policy
& the Economy Q2/10, OeNB, 78–89.
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Gnan, E., Langthaler, J., Valderrama, M.T. (2010). Shocks, the Crisis and Uncertainty
about Future Inflation: Theory and Evidence for the Euro Area. Monetary Policy & the
Economy Q1/10, OeNB, 26–52.
Grossmann, B. (2010). Neue Rahmenbedingungen für die Nachhaltigkeit öffentlicher
Finanzen Österreichs. In: Bauer, H., Pitlik, H., Schratzenstaller, M. (eds).
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Neuer Wissenschaftlicher Verlag: Vienna.
Grossmann, B., Hauth, E. (2010). Infrastrukturinvestitionen: Ökonomische Bedeutung,
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des Staatsschuldenausschusses, Vienna.
Grossmann, B., Hauth, E. (2010). Infrastrukturinvestitionen in Österreich als wirtschaftspolitisches Steuerungsinstrument der öffentlichen Hand. In: Wirtschaftspolitische
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Janger, J., Schmidt-Dengler, Ph. (2010). The Relationship between Competition and
Inflation. Monetary Policy & the Economy Q1/10, OeNB, 53–65.
Janger, J. (2010). Determinants of Price Comparison and Supplier Switching Rates in
Selected Sectors, Monetary Policy & the Economy Q1/10, OeNB, 66–86.
Jobst, C. (2010). Gouverner une banque centrale décentralisée: l’exemple austro-hongrois,
1847–1914. In: Feiertag, O., Margairaz, M. (eds). Gouverner une banque centrale. Paris:
Albin Michel.
Kaufmann, S. (2010). Comment to: The role of monetary aggregates in the policy analysis
of the Swiss National Bank, by Jürgen Wolters and Gebhard Kirchgässner. 2010, Swiss
Journal of Economics and Statistics 146, 255–267.
Kaufmann, S. (2010). Dating and Forecasting Turning Points by Bayesian Clustering with
Dynamic Structure – A Suggestion with an Application to Austrian Data. Journal of
Applied Econometrics 25(2), March, 309–344.
Kaufmann, S., Kugler, P. (2010). A Monetary Real-time Conditional Forecast of Euro
Area Inflation. Journal of Forecasting 29(4), July, 388–405.
Kaufmann, S., Scharler, J. (2010). Bank-Lending Standards, the Cost Channel and
Inflation Dynamics. OeNB Working Paper No. 164.
Kaufmann, S., Valderrama, M.T. (2010). The Role of Credit Aggregates and Asset
Prices in the Transmission Mechanism: A Comparison between the Euro Area and the
US. The Manchester School 78 (4). 345–377.
Kavan, S., Sedlacek, G., Seliger, R., Ubl, E. (2010). Assessing the Relevance of Austrian
Investment Companies and Mutual Funds for Financial Stability. Financial Stability
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Keppel, C., Wörz, J. (2010). The Impact of the Global Recession in Europe: The Role of
International Trade., In: Backé, P., Gnan, E., Hartmann, P. (eds). Contagion and
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Kichian, M., Rumler, F., Corrigan, P. (2010). Semi-Structural Models for Inflation
Forecasting. Bank of Canada Working Paper 2010-34.
Knell, M. (2010). How Automatic Adjustment Factors Affect the Internal Rate of Return
of PAYG Pension Systems. Journal of Pension Economics and Finance 9(1), January
2010, 1–23.
Knell, M. (2010). The Optimal Mix between Funded and Unfunded Pensions Systems
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Knell, M. (2010). Nominal and Real Wage Rigidities. In Theory and in Europe. OeNB
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Knell, M., Stix, H. (2010). Das Vertrauen in das Bankensystem während der Finanzkrise.
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Köhler-Töglhofer, W., Reiss, L. (2010). Inflation als wirksames Mittel zur Reduktion der
öffentlichen Schuldenquote? Wirtschaftspolitische Blätter 2/2010, 117–132.
Kopp, E., Ragacs, C., Schmitz S.W. (2010). The Economic Impact of Measures Aimed at
Strengthening Bank Resilience – Estimates for Austria. Financial Stability Report
Financial Stability Report 20, OeNB, 86–114.
Kwapil, C. (2010). Firms' Reactions to the Crisis and their Consequences for the Labour
Market. Results of a Company Survey conducted in Austria. Working Paper No.1274,
European Central Bank.
Kwapil, C. (2010). Firms’ Reactions to the Crisis and their Consequences for the Labour
Market. Results of a Company Survey Conducted in Austria. OeNB Working Paper No.
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Kwapil, C., Scharler, J. (2010). Interest Rate Pass-Through, Monetary Policy Rules and
Macroeconomic Stability. Journal of International Money and Finance, 29, 236–251,
refereed.
Kwapil, C., Scharler, J., Baumgartner, J. (2010). How Are Prices Adjusted in Response
to Shocks? Survey Evidence from Austrian Firms. Managerial and Decision Economics,
31, 151–160, refereed.
Martin, R. (2010). Boom and Bust in the Baltic Countries – Lessons to be Learnt.
Intereconomics - Review of European Economic Policy (45) 4, July/August.
Mooslechner, P. (2010). Reform der Finanzmärkte. FIW Policy Brief Nr.7, September, 1–
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Mooslechner, P. (2010). Regulare necesse est: Wo stehen wir heute? Sparkassenzeitung,
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Nauschnigg, F. (2010). Zwei Weltwirtschaftskrisen im Vergleich, Österreichs
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Nauschnigg, F. (2010). Six Ways to Avoid Boom and Bust. The Banker – Financial Times
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Nauschnigg, F. (2010). Growth-friendly Fiscal Consolidation. ETUI Policy Brief, Issue
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Nauschnigg, F. (2010). Stärkung der Europäischen Finanzarchitektur, Österreichs
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Nowotny, E., Mooslechner, P., Ritzberger-Grünwald, D. (eds) (2010). The Euro and
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Orthofer, A., Schreiner, J., Vondra, K. (2010). Recovery of the Global Economy in the
Second Half of 2009. Monetary Policy & the Economy Q1/10, OeNB, 6–25.
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Pointner, W., Stiglbauer, A. (2010). Changes in the Austrian Structure of Wages, 1996–
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Pointner, W., Stiglbauer, A. (2010). Changes in the Wage Distribution in Austria: An
Analysis Based on the European Structure of Earnings Survey Data. Monetary Policy &
the Economy Q3/10, OeNB, 45–58.
Polgár, É.K., Wörz, J. (2010). Trade with Central and Eastern Europe: Is it Really a
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Polgar, E.K., Wörz, J. (2010). No Risk and Some Fun: Trade and Wages in the Enlarged
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Ragacs, C., Vondra, K. (2010). Subdued Economic Recovery given Necessary Fiscal
Consolidation – Economic Outlook for Austria from 2010 to 2012. Monetary Policy &
the Economy Q2/10, OeNB.
Raunig, B., Scharler, J. (2010). Stock Market Volatility and the Business Cycle.
Monetary Policy & the Economy Q2/10, OeNB.
Riedl, A. (2010). Location factors of FDI and the growing services economy: Evidence for
transition countries. Economics of Transition 18 (4), 741–761.
Ritzberger-Grünwald, D. (2010). Der Euro in einem erweiterten Europa – Wechselkursregime in der Krise? Österreichs Außenwirtschaft 2010, Forschungsschwerpunkt
Internationale Wirtschaft FIW, 235–255, December.
Ritzberger-Grünwald, D., Wörz, J. (2010). Wechselkurse und österreichischer
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Rumler, F., Valderrama, M.T. (2010). Comparing the New Keynesian Phillips Curve
with Time Series Models to Forecast Inflation. North American Journal of Economics
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Rumler, F. Waschiczek, W. (2010). The Impact of Economic Factors on Bank Profits.
Monetary Policy & the Economy, Q4/10, 49–67.
Schuberth, H. (2010). Lessons from the Crisis in Finland and Sweden in the 1990s. A
Comment to Jaakko Kiander and Pentti Vartia. In: Empirica 4/2010.
Stiglbauer, A. (2010). The Austrian Labor Market and the Great Recession: Developments
and Measures Taken. Monetary Policy & the Economy Q3/10, OeNB, 25–44.
Stix, H. (2010). The Euro as a Safe Haven Asset in Central, Eastern and South-Eastern
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Euro and Economic Stability: Focus on Central, Eastern and South-Eastern Europe.
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Stix, H., Summer, M. (2010). Technological Change in the Field of Payment Instruments
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Mooslechner, P., Schürz, M., Wagner, K. (2009). The Distribution of Financial Assets in
Austria – Some Selected Results of the OeNB Survey of Household Financial Wealth
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Mooslechner, P., Wagner, K. (2009). Housing Markets in Europe and in the USA: What
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Nauschnigg, F. (2009). Der Euro als Schutzschirm in der Finanzkrise.
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Nauschnigg, F. (2009). Krisenbekämpfung in einer globalisierten Welt – auf dem Weg in
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European Economic Integration Q1/09, OeNB, 36–56.
Pointner, W., Schmidt-Dengler, P. (2009). The OeNB’s Conference on European
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European Economic Integration Q1/09, OeNB, 104–107.
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Ragacs, C., Vondra, K. (2009). Austria’s Exports to Eastern Europe: Facts and Forecasts
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Economy Q1/09, OeNB, 29–43.
Ragacs, C., Vondra, K. (2009). Austria’s Economic Activities in CESEE. Focus on
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Rumler, F., Scharler, J. (2009). Labor Market Institutions and Macroeconomic Volatility
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Scheiber, T., Stix, H. (2009). Euroization in Central, Eastern and Southeastern Europe –
New Evidence On Its Extent and Some Evidence On Its Causes. OeNB Working Paper
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Slacík, T. (2009). Exchange Rate Regime-Related Risks in Transition Countries.
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Springler, E., Wagner, K. (2009). Determinants of Homeownership Rates: Housing
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Stix, H. (2009). Euroization: What Factors Drive its Persistence? Household Data
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Waschiczek, W. (2009). Weiterhin expandierende Unternehmenskredite. Österreichische
Sparkassenzeitung 96 (4), April.
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Unternehmensfinanzierung in Österreich. Österreichische Sparkassenzeitung 96 (7-8),
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Waschiczek, W. (2009). Banken bleiben bei der Kreditvergabe an Unternehmen
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Waschiczek, W. (2009). Keine weitere Verschärfung der Kreditpolitik der
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Wörz, J., C. Fillat Castejón, C., Francois, J. (2009). Cross-Border Trade and FDI in
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Arratibel, O., Furceri, D., Martin, R. (2008). Real Convergence in Central and Eastern
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Backé, P., Nauschnigg, F. (2008). Global Market Disruptions – Will Global Imbalances
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Backé, P., Wójcik, C. (2008). Credit Booms, Monetary Integration and the New
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Balling, M., Gnan, E., Lubochinsky, C. (eds) (2008). Monetary Policy, Regulation and
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Balling, M., Gnan, E., Lubochinsky, C. (eds) (2008). Asset Management in Volatile
Markets. SUERF Studies, 5/2008.
Bátorová, I. Fidrmuc, J. Korhonen, I. (2008). New Global Players and Disharmonies in
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Bátorová, I., Fidrmuc, J., Korhonen, I. (2008). China in the World Economy: Dynamic
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Bátorová, I., Fidrmuc, J., (2008). China in the World Economy: Dynamic Correlation
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Backé, P., Gárdo, S., et al. (2008). Financial Stability Challenges in Candidate Countries
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Barisitz, S. (2008). Paths of Monetary Transition and Modernization: Exchange Rate
Regimes and Monetary Policy in Southeastern Europe Including Turkey from the 1990s
to 2006. Workshops No. 13, OeNB, 349–387.
Barisitz, S., Gardó, S. (2008). Financial Sector Development in Serbia: Closing Ranks
with Peers. Focus on European Economic Integration 2/08, OeNB, 94–119.
Bellak, C., Leibrecht, M., Riedl, A., (2008). Labour Costs and FDI-Flows into Central
and Eastern European Countries: A Survey of the Literature and Empirical Evidence.
Structural Change and Economic Dynamics 19 (1), 17–37.
Böheim, R., Stiglbauer, A., Winter-Ebmer, R. (2008). On the Persistence of Job
Creation in Old and New Firms. Department of Economics Johannes Kepler University
of Linz, Working Paper No. 0804, 1–26.
Boss, M., Fenz, G., Krenn, G., Pann, J., Puhr, C., Scheiber, T., Schmitz, S.W.,
Schneider, M., Ubl, E. (2008). Stress Tests for the Austrian FSAP Update 2007:
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Breitenfellner, A., Crespo Cuaresma, J. (2008). Crude Oil Prices and the USD/EUR
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Breitenfellner, A., Crespo Cuaresma, J. (2008). Crude Oil Prices and the Euro-Dollar
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Economics and Statistics, University of Innsbruck.
Breitenfellner, A., Crespo Cuaresma, J., Mooslechner, P., Ritzberger-Grünwald, D.
(2008). The Impact of EU Enlargement in 2004 and 2007 on FDI and Migration Flows –
Gravity Analysis of Factor Mobility. Monetary Policy & the Economy Q2/08, OeNB,
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Breitenfellner, A., Hildebrandt, A. (2008). High Employment with Low Productivity?
The Service Sector as a Determinant of Economic Development. In: Rashmi, J. (ed.)
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Breuer, T., Jandačka, M., Rheinberger, K., Summer, M. (2008). Compounding Effects
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Cipollone, P., De Mulder, J., Gómez-Salvador, R., Lacuesta, A., Leiner-Killinger, N.,
Masuch, K., McCarthy, Y., Novo, A., Nikolitsas, D., Ravanel, M., Schaumann, H.,
Stahl, H., Stiglbauer, A., Stovicek, K., Strauch, R., Turunen, J., WardWarmedinger, M. (2008). Labour Supply and Employment in the Euro Area Countries
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Crespo Cuaresma, J., Ritzberger-Grünwald, D., Silgoner, M. (2008). Growth,
Convergence and EU Membership. Applied Economics 40(5), 643–656.
Crespo Cuaresma, J., Fidrmuc, J., Silgoner, M. (2008). Fundamentals, the Exchange
Rate and Prospects for the Current and Future EU Enlargements: Evidence from
Bulgaria, Croatia, Romania and Turkey. Empirica 35, 195–211.
Crespo Cuaresma, J., Gnan, E. (2008). Four Monetary Policy Strategies in Comparison:
How to Deal with Financial Instability? Monetary Policy & the Economy Q3/08,
OeNB, 65–102.
Crespo Cuaresma, J., Slacík, T. (2008). Determinants of Currency Crises: A Conflict of
Generations? Focus on European Economic Integration 1/08, OeNB, 126–141.
Dvorsky, S. (2008). Central Bank Independence in Southeastern Europe with a View to
EU Integration. International Journal of Monetary Economics and Finance, 1(3), 302–
328.
Dvorsky, S., Scheiber, T., Stix, H. (2008). Euroization in Central, Eastern and Southeastern Europe – First Results from the New OeNB Euro Survey. Focus on European
Economic Integration 1/08, OeNB, 48–60.
Dvorsky, S., Scheiber, T., Stix, H. (2008). The OeNB Euro Survey in Central, Eastern and
Southeastern Europe – The Spring Wave 2008. Focus on European Economic
Integration 2/08. OeNB, 83–93.
Egert, B., Martin, R. (2008). Real Estate, Construction and Growth in Central and Eastern
Europe: Impact on Competitiveness? Focus on European Economic Integration 2/08,
OeNB, 52–72.
Égert, B., Morales-Zumaquero, A. (2008). Exchange Rate Regimes, Foreign Exchange
Volatility and Export Performance in Central and Eastern Europe: Just Another Blur
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Eller, M. Haiss, P., Steiner, K. (2008). Foreign Banks in Central Europe: Do They
Contribute to Economic Development. In: Chadraba, P., Springer, R (eds). Business
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Felderer, B., Grossmann, B., Hauth, E. (2008). Verwaltungsreformen in Österreich:
Stand und Perspektiven. In: Platzer, R., Pilz, D., Hink, R. (eds). So managen wir
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Fenz, G., Fessler, P. (2008). Wealth Effects on Consumption in Austria. Monetary Policy
& the Economy, Q4/08, OeNB, 68–84.
Fenz, G., Haar-Stöhr, I., Silgoner, M.A. (2008). Global Economic Downturn Persists –
Crisis in Financial and Real Estate Markets Dampens Growth. Monetary Policy & the
Economy Q2/08, OeNB, 6–20.
Fenz, G., Schneider, M. (2008). Financial Crisis and Spike in Commodity Prices Dampen
Growth and Fuel Inflation Economic Outlook for Austria from 2008 to 2010 (June
2008). Monetary Policy & the Economy Q2/08, OeNB, 6–33.
Fenz, G., Schneider, M. (2008). Transmission of Business Cycle Shocks between the US
and the Euro Area. Working Paper 145, OeNB.
Fessler, P., Mooslechner, P. (2008). Arme Schuldner – Reiche Schuldner?
Haushaltsverschuldung und Geldvermögen privater Haushalte auf Basis von
Mikrodaten. Intervention, European Journal of Economics and Economic Policies, 5(1),
31–45.
Fessler, P., Mooslechner P., Schürz M. (2008). How Inheritances Relate to Wealth
Distribution? Theoretical Reasoning and Empirical Evidence on the Basis of LWS Data.
Luxembourg Wealth Study, Working Paper Series, Working Paper No. 6, June.
Fessler, P., Schürz, M. (2008). Stock Holdings in Austria. Monetary Policy & the
Economy Q2/08, OeNB, 83–100.
Fidrmuc, J., Artis, M., Scharler, J. (2008). The Transmission of Business Cycles:
Implications for EMU Enlargement. Economics of Transition 16(3), 559–582.
Fidrmuc, J., Bussière, M., Schnatz, B. (2008). EU Enlargement and Trade Integration:
Lessons from a Gravity Model. Review of Development Economics 12(3), 501–515.
Fidrmuc, J., Hainz, C. (2008). Integrating with Their Feet: Cross-Border Lending at the
German-Austrian Border. Working Paper No. 2279, CESifo Munich.
Fidrmuc, J., Horváth, R., Horváthová, E. (2008). Corporate Interest Rates and the
Financial Accelerator in the Czech Discussion Papers in Economics No. 7191,
University of Munich, Department of Economics.
Fidrmuc, J., Kaufmann, S., Resch, A. (2008). Structural Breaks in Austrian Foreign
Trade with Eastern Europe During the Early 1970s. Empirica 35(5), 465–479.
Francois, J., Wörz, J. (2008). Producer Services, Manufacturing and Trade. Journal of
Industry, Competition and Trade 8, 199–229.
Fritzer, F., Gnan, E., Köhler-Töglhofer, W., Rumler, F., Stiglbauer, A. (2008). Current
Inflation Developments in Austria. Monetary Policy & the Economy Q1/08, OeNB, 20–
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Fritzer, F., Reiss, F. (2008). An Analysis of Credit to the Household Sector in Austria.
Financial Stability Report 16, OeNB, 122–134.
Frühwirth-Schnatter, S., Kaufmann, S. (2008). Model-Based Clustering of Multiple
Time Series. Journal of Business & Economic Statistics, 26(1), 78–89.
Gardó, S. (2008). Croatia: Coping with Rapid Financial Deepening. Focus on European
Economic Integration 1/08, OeNB, 61–81.
Gardó, S., Hildebrandt, A., Walko, Z. (2008). Walking the Tightrope: A First Glance on
the Impact of the Recent Global Financial Market. Turbulence on Central, Eastern and
Southeastern Europe. Financial Stability Report 15, OeNB, 119–140.
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Gloggnitzer, S. (2008). The Treaty of Lisbon, Amendments to the EU Treaties and their
consequences for EMU. Monetary Policy & the Economy Q1/08, OeNB, 70–87.
Gnan, E., Gudmundsson, M. (eds) (2008). Commodities, Energy and Finance. SUERF
Studies 2008/2, Vienna.
Gnan, E., Mooslechner, P. (2008). The Impact of the Financial Crisis on the Real
Economy in Austria – Analytical Challenges from Exceptional Factors. Monetary
Policy & the Economy Q4/08, OeNB, 5–7.
Gnan, E., Summer, M. (2008). Toward the First Decade of Economic and Monetary
Union – Summary of the 36th Economics Conference. Monetary Policy & the Economy
Q2/08, 122–133.
Grossmann, B. (2008). The Importance of Lease Financing for Austrian Municipalities.
Monetary Policy & the Economy Q1/08, OeNB, 48–69.
Grossmann, B., Hauth, E., Wimmer, G. (2008). Struktur und Tragfähigkeit der
Staatsverschuldung sowie Schuldenstrukturpolitik Österreichs. Studie im Auftrag des
Staatsschuldenausschusses, Vienna.
Hildebrandt, A., Silgoner, M.A. (2008). The Competitiveness Challenge: EU Member
States in International Trade.
Janger, J. (2008). Supply-Side Triggers for Inflation in Austria. Monetary Policy & the
Economy Q2/08, OeNB, 34–69.
Janger, J., Pechar, H. (2008). Organisatorische Rahmenbedingungen für die Entstehung
und Nachhaltigkeit wissenschaftlicher Qualität an Österreichs Universitäten. WIFOMonographien.
Jobst, C., Kwapil, C. (2008). The Interest Rate Pass-Through in Austria – Effects of the
Financial Crisis. Monetary Policy & the Economy, Q4/08, OeNB, 54–67.
Kaufmann, S. (2008). Dating and Forecasting Turning Points by Bayesian Clustering with
Dynamic Structure: A Suggestion with an Application to Austrian Data. Working Paper
144, OeNB.
Kaufmann, S., Kugler, P. (2008). Does Money Matter for Inflation in the Euro Area?
Contemporary Economic Policy 26(4), p. 590–606.
Kaufmann, S. Valderrama, M.T. (2008). Bank Lending in Germany and the UK: Are
there Differences between a Bank-Based and a Market-Based Country? International
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Köhler-Töglhofer, W., Liebscher, K. (2008). Steuerreform im Dienste der Wachstumsund Beschäftigungsförderung. In: Gesellschaft & Politik, Zeitschrift für soziales und
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Köhler-Töglhofer, W., Liebscher, K. (2008). Langfristiges Wachstum und Fiskalpolitik.
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Lacina, L., Fidrmuc, J. Rusek, A., (2008). The Economic Performance of the European
Union: Issues, Trends and Perspectives. Palgrave Macmillan, New York.
Liebscher, K., Christl, J., Mooslechner, P., Ritzberger-Grünwald, D. (eds) (2008).
Currency and Competitiveness in Europe. Cheltenham, UK, Northampton, MA, Edward
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Mihailov, A., Rumler, F., Scharler, J. (2008). The Small Open-Economy New Keynesian
Phillips Curve: Empirical Evidence and Implied Inflation Dynamics. University of Linz
Economics Working Paper No. 0817 and University of Reading Discussion Paper No.
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Mooslechner, P. (2008). The Choice of Exchange Rate Regimes – Where Do We Stand?
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Mooslechner, P. (2008). Competitiveness in Southeastern Europe and Prospects During
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Mooslechner, P. (2008). Finanzkrise, quo vadis? Versuch einer – sicherlich noch
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Mooslechner, P. (2008). Fundamentally lost? On the role of fundamentals in exchange
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Nummer 2/2008.
Pesendorfer, K. (2008). Tax and Economic Growth in Austria. Monetary Policy & the
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Pesendorfer, M., Schmidt-Dengler, P. (2008). Asymptotic Least Squares Estimators for
Dynamic Games. Review of Economic Studies 75, 901–928.
Pointner, W., Schneider, M., Schreiner, J. (2008). Inflationary Pressures Worldwide
despite Downturn in Growth Dampened Growth also Expected in the Euro Area.
Monetary Policy & the Economy Q1/08, OeNB, 6–19.
Ragacs, C. (2008). On the Empirics of Minimum Wages and Employment: Evidence for
the Austrian Industry. Applied Economics Letters 15, 61–64.
Ragacs, C., Vondra, K. (2008). Decline in National Product Albeit by a Smaller Margin
than in the Euro Area. Sharp Drop in Inflation – Economic Outlook for Austria 2008 –
2010 (Dec. 2008). Monetary Policy & the Economy, Q4/08, OeNB, 10–37.
Raunig B. (2008). Detecting ARCH Effects in Non-Gaussian Time Series. Journal of
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Grossmann, B., Hauth, E. (2007). Die Budgetpolitik der Bundesländer im Lichte der
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Janger, J., Raunig, B. (2007). Human Capital and Economic Growth - Summary of the
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Mooslechner, P. (2007). Das Geldvermögen der Haushalte – Ein etwas genauerer Blick
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Ragacs, C., Schneider, M. (2007). Comparing the Predictive Accuracy of Macroeconomic
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Ragacs, C., Vondra, K. (2007). Growth Prospects for Austria Are Weakening Economic
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Silgoner, M. (2007). The Changing Landscape of FDI in Europe – The OeNB’s
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Stix, H. (2007). The Impact of Central Bank Intervention During Periods of Speculative
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Barisitz, S. (2006). Booming, but Risky: The Ukrainian Banking Sector – Hot Spot for
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Barisitz, S., Pemmer, A. (2006). Ukraine: Macroeconomic Developments and Structural
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Bask, M., Fidrmuc, J., (2006). Fundamentals and Technical Trading: Behaviour of
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Beer, C., Mooslechner, P., Schürz, M., Wagner, K. (2006). Austrian Households’
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Brandner, P., Diebalek, L., Koehler-Toeglhofer, W. (2006). Decomposing Budget
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Brandner, P., Diebalek, L., Koehler-Toeglhofer, W. (2006). Budget Balances
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Breitenfellner, A., Fenz, G., Reininger, T. (2006). Economic Outlook Improves in Euro
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Crespo Cuaresma, J., Gnan, E. (2006). “Stubborn” Inflation in Austria? Introduction and
a Very Long-Term View. Workshops No. 8, OeNB, 11–27.
Dhyne, E., Álvarez, L.J., Le Bihan, H., Veronese, G., Dias, D., Hoffmann, J., Jonker,
N., Lünnemann, P., Rumler, F., Vilmunen, J. (2006). Price Setting in the Euro Area:
Some Stylized Facts from Individual Consumer Price Data, Journal of Economic
Perspectives 20(2), 171–192.
Diebalek, L., Köhler-Töglhofer, W., Prammer, D. (2006). Reform of the Stability and
Growth Pact. Monetary Policy & the Economy Q1/06, OeNB, 78–109.
Dvorsky, S. (2006). Comparing Central Bank Legislation in Southeastern Europe:
Selected Cases. Workshops No. 7, OeNB, 69–94.
Dvorsky, S., Lindner, I. (2006). Institutional Changes in the European Integration Process
– the OeNB's Experience. Workshops No. 7, OeNB, 53–68.
Égert, B., Leonard, C.S. (2006). The Dutch Disease in Kazakhstan: An Empirical
Investigation. Focus on European Economic Integration 2/06, OeNB, 85–108.
Egert, Balázs (2006). Central Bank Interventions, Communication and Interest Rate
Policy in Emerging European Economies. OeNB Working Paper 134.
Elsinger, H., Lehar, A., Summer, M. (2006). Risk Assessment for Banking Systems.
Management Science, 52(9), 1301–1314, September.
Elsinger, H., Lehar, A., Summer, M. (2006). Using Market Information for Banking
System Risk Assessment. International Journal of Central Banking, March, 137–165.
Elsinger, H., Lehar, A. Summer, M. (2006). Systemically Important Banks: An Analysis
for the European Banking System. International Economics and Economic Policy 3(1),
April, 73–89.
Fabiani, S., Druant, M., Hernando, I., Kwapil, C., Landau, B., Loupias, C., Martins,
F., Mathä, T., Sabbatini, R., Stahl, H., Stokman, A. (2006). What Firms' Surveys
Tell About Price Setting Behavior in the Euro Area. International Journal of Central
Banking, September, 3–47.
Fenz, G., Schneider, M. (2006). Is Germany’s Influence on Austria Waning?
Synchronization and Transmission of Cyclical Shocks. Monetary Policy & the
Economy Q2/06, OeNB, 24–45.
Fenz, G., Schneider, M. (2006). Austria’s Economy Will Continue to Grow Dynamically
in 2007. Economic Outlook for Austria from 2006 to 2008 (December 2006), Monetary
Policy & the Economy Q4/06, 6–25.
Fenz, G., Spitzer, M. (2006). An Unobserved Components Model to Forecast Austrian
GDP. OeNB Working Paper 119.
Ferrando, A., Fritzer, F., Hartmann, P., Heider, F. (2006). The Performance of the
European Financial System. Eijffinger, Kees, Smets (ed.), Konferenzband zu
'Structural Reforms and Economic Growth in Europe', 53–59.
Fessler, P. (2006). Home Country Effects of Offshoring – A Critical Survey on Empirical
Literature. Discussion Papers SFB International Tax Coordination, Nr. 23, December
Economic Analysis and Research Department – Publications
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14, 2006 SFB International Tax Coordination, University of Economics and Business
Administration, Vienna.
Fidrmuc, J. (2006). Osterweiterung der Eurozone aus der Sicht der Theorie der optimalen
Währungsräume: Was nun? ifo Schnelldienst 22, 9-11.
Fidrmuc, J. Hořovský, V. (2006). Economic Outlook of the World Economy according to
the International Monetary Fund (in Czech) Ekonomický časopis / Slovak Journal of
Economics, 54 (1), 103-104.
Fidrmuc, J., Horváth, R. (2006). Exchange Rate Dynamics in Selected New EU Member
States. In: Stavárek, D., Polouček, S. (Eds) The Financial Sector in the Enlarging
European Union, Cambridge Scholars Press, 191-206.
Fidrmuc, J. (2006). The Endogeneity of the Optimum Currency Area Criteria and Intraindustry Trade: Implications for EMU Enlargement’. In De Grauwe, P., and Mélitz, J.
(Eds), Monetary Unions after EMU, Cambridge, MA: MIT Press, 2006.
Fidrmuc, J., Horváth, R., (2006). Credibility of Exchange Rate Policies in Selected EU
New Members: Evidence from High Frequency. IES Working Paper: 28, Institute of
Economic Studies, Faculty of Social Sciences, Charles University in Prague.
Fidrmuc, J., Korhonen, I. (2006). Meta-analysis of the business cycle correlation
between the euro area and the CEECs. Working Paper No. 1693, CESifo, Munich.
Fidrmuc, J., (2006). Money Demand and Disinflation in Selected CEECs during the
Accession to the EU. Discussion Paper No. 31, Department of Economics, University
of Munich.
Fidrmuc, J., Horváth, R. (2006). Volatility of Exchange Rates in Selected New EU
Members: Evidence from Daily Data. Economic Systems 32 (1), 103–118.
Fidrmuc, J., Korhonen. I. (2006). Meta-Analysis of the Business Cycle Correlation
between the Euro Area and the CEECs’. Journal of Comparative Economics, 34(3),
518–537.
Fidrmuc, J., Senaj, M. (2006). Exchange Rate Regimes in Slovakia and New EU Member
States. (in Slovak) Finance a úvěr / Czech Journal of Economics and Finance 56 (1-2),
40–57.
Fluch, M., Fuchs, M., Schubert, A. (2006). Die Oesterreichische Nationalbank erweitert
und modernisiert Statistikangebot. Sigma 1/06: Bulletin der Europäischen Statistik,
Europäische Kommission, Eurostat.
Fritzer, F. (2006). The Financial System and the Institutional Environment as
Determinants of Economic Performance: Austria in Comparison. Monetary Policy &
the Economy Q1/06, OeNB, 136–158.
Frühwirth-Schnatter, S., Kaufmann, S. (2006). How do Changes in Monetary Policy
Affect Bank Lending? An Analysis of Austrian Bank Data. Journal of Applied
Econometrics 21, 275–305.
Glatzer, E., Gnan, E., Valderrama, M.T. (2006). Globalization, Import Prices and
Producer Prices in Austria. Monetary Policy & the Economy Q3/06, OeNB, 24–43.
Gnan, E. (2006). Price Setting and Inflation Persistence: Some Policy Conclusions from a
Central Bank’s Perspective. Workshops No. 8, OeNB.
Gnan, E., Valderrama, M.T. (2006). Globalization, Inflation and Monetary Policy.
Monetary Policy & the Economy Q4/06, 37–54.
Gratz, H., Grech, H. (2006). Reforming the International Monetary Fund – Some
Reflections. Monetary Policy & the Economy Q4/06, OeNB, 98–118.
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61
Grossmann, B., Hauth, E. (2006). Die Budgetpolitik der Bundesländer im Lichte der
Maastrichtvorgaben 2001 bis 2004. Ländersample: Burgenland, Kärnten, Steiermark.
Studie im Auftrag des Staatsschuldenausschusses. Vienna.
Hochreiter, E. (2006). When to Adopt the Euro – Anything In for Denmark from the
Experiences of Two Current Euro Area Members? In: Michael Christensen and Anders
Grosen (eds). Festschrift for Morten Balling, DJØF Publishing Copenhagen, 227–240.
Janger, J. (2006). The Lisbon National Reform Programs: New Ideas for Austria’s
Economic Policy. Monetary Policy & the Economy Q2/06, OeNB, 46–68.
Janger, J. (2006), as a member Task Force of the Monetary Policy Committee of the
European System of Central Banks: Competition, Productivity and Prices in the Euro
Area Services Sector. Occasional Paper Series, No. 44, ECB.
Janger, J., Knell, M., Pointner, W. (2006). Globalization: Opportunities and Challenges
for the World, Europe and Austria. Summary of the 34th Economics Conference.
Monetary Policy & the Economy Q2/06, OeNB, 136–144.
Janger, J., Scharler, J., Stiglbauer, A. (2006). The Potential Growth Prospects of the
Austrian Economy – Methods and Determinants. Monetary Policy & the Economy
Q1/06, OeNB, 24–52.
Jericha, E., Schürz, M. (2006). A Deliberative Independent Central Bank. OeNB
Working Paper 133.
Kaufmann, S., Scharler, J. (2006). Financial Systems and the Cost Channel Transmission
of Monetary Policy Shocks. OeNB Working Paper 116.
Kaufmann, S., Scheicher, M. (2006). A Switching ARCH Model for the German DAX
Index, Studies in Nonlinear Dynamics & Econometrics, 10(4), Article 3.
Kaufmann, S., Kugler, P. (2006). Expected Money Growth, Markov Trends and the
Instability of Money Demand in the Euro Area. OeNB Working Paper 131.
Knell, M., Köhler-Töglhofer, W., Prammer, D. (2006). The Austrian Pension System –
How Recent Reforms Have Changed Fiscal Sustainability and Pension Benefits.
Monetary Policy & the Economy Q2/06, OeNB, 69–93.
Knell, M., Stix, H. (2006). Three Decades of Money Demand Studies. Differences and
Similarities. Applied Economics 38(7), April, 805–818.
Köhler-Töglhofer, W., Magerl, C., Mooslechner, P. (2006). Revised and New
Competitiveness Indicators for Austria Reflect Improvement Trend since EMU
Accession. Monetary Policy & the Economy Q4/06, OeNB, 70–97.
Konieczny, J. D., Rumler, F. (2006). Regular Adjustment: Theory and Evidence.
Workshops No. 8, OeNB, 64–94.
Kwapil, C., Baumgartner, J., Scharler, J. (2006). The Price-Setting Behavior of
Austrian Firms: Some Survey Evidence. Workshops No. 8, OeNB, 95–137.
Kwapil, C., Rumler, F. (2006). Price Setting and Inflation Persistence in Austria.
Monetary Policy & the Economy, Q1/06, OeNB, 160–164.
Kwapil, C., Scharler, J. (2006). Interest Rate Pass-Through, Monetary Policy Rules and
Macroeconomic Stability. OeNB Working Paper 118.
Kwapil, C., Scharler, J. (2006). Limited Pass-Through from Policy to Retail Interest
Rates: Empirical Evidence and Macroeconomic Implications. Monetary Policy & the
Economy Q4/06, OeNB, 26–36.
Leitner, K.-H., Prikoszovits, J., Schaffhauser-Linzatti, M., Stowasser, R., Wagner, K.
(2006). The Impact of Size and Specialisation on Universities’ Department
Performance: A DEA Analysis Applied to Austrian Universities. Higher Education 53,
517–538.
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62
Liebscher, K., Christl, J., Mooslechner, P., Ritzberger-Grünwald, D. (eds) (2006).
Financial Development, Integration and Stability. Edward Elgar, Cheltenham, UK,
Northampton, MA.
Mooslechner, P. (2006). Surprise, Surprise: Exchange Rates Do Matter Within a
Monetary Union. Unicredit Group, Economics Monitor, No.2, October, p.24–27.
Mooslechner, P. (2006). From Kydland/Prescott to the SGP: Will Expenditure Rules Do
the Job? Wirtschaftspolitische Blätter 1, p. 43–47.
Mooslechner, P. (2006). Finance and Growth:The Legacy of Schumpeter to be
Rediscovered? In: Liebscher, K., Christl, J., Mooslechner, P., Ritzberger-Grünwald, D.
(eds) (2006). Financial Development, Integration and Stability. Edward Elgar,
Cheltenham, UK, Nothampton, MA.
Mooslechner, P., Schuberth, H., Weber, B. (eds) (2006). The Political Economy of
Financial Market Regulation – The Dynamics of Inclusion and Exclusion. Edward
Elgar, Cheltenham, UK, Nothampton, MA.
Mooslechner, P., Schuberth, H., Weber, B. (eds) (2006). Financial Market Regulation
and the Dynamics of Inclusion and Exclusion. In: Mooslechner, P., Schuberth, H.,
Weber, B. (eds). The Political Economy of Financial Market Regulation – The
Dynamics of Inclusion and Exclusion.
Mooslechner, P., Stix, H., Wagner, K. (2006). How Are Payments Made in Austria?
Results of a Survey on the Structure of Austrian Households’ Use of Payment Means in
the Context of Monetary Policy Analysis. Monetary Policy & the Economy Q2/06,
OeNB, 111–134.
Pointner, W. (2006). Employment Protection Regulations and Their Impact on
Employment. Monetary Policy & the Economy Q3/06, OeNB, 44–57.
Pointner, W., Schneider, M., Schreiner, J. (2006). Euro Area Economy Gains Strength
Inflation Remains High Owing to Energy Component. Monetary Policy & the Economy
Q3/06, OeNB, 6–23.
Ragacs, C., Scharler, J. (2006). Domestic Demand and Strong Exports Stimulate the
Economy, Economic Outlook for Austria from 2006 to 2008 (June 2006). Monetary
Policy & the Economy Q2/06, OeNB, 6–23.
Raunig, B. (2006). The Longer-Horizon Predictability of German Stock Market Volatility.
International Journal of Forecasting, 22(2), 363–372..
Reininger, T., Walko, Z. (2006). The Integration of the Czech, Hungarian and Polish
Bond Markets with the Euro Area Bond Market – A Déjà-Vu of the Club-Med
Convergence Plays? In: Liebscher, K., Christl, J., Mooslechner, P., RitzbergerGrünwald, D. (eds). Financial Development, Integration and Stability. Edward Elgar,
Cheltenham, UK, Northampton, MA.
Reininger, T., Walko, Z. (2006). The Financial Situation and Financing of Nonfinancial
Corporations in the Ten New EU Member States – A First Empirical Orientation, Focus
on European Economic Integration, OeNB,° 134–151.
Ritzberger, D. (2006). Happy, Sad and Open Endings: A Comparison of Credit Growth in
CEECs with Past Experiences and Ongoing Developments in Austria, Finland and
Spain. In: Liebscher, K., Christl, J., Mooslechner, P., Ritzberger-Grünwald, D. (eds).
Financial Development, Integration and Stability. Edward Elgar, Cheltenham, UK,
Nrothampton, MA.
Rumler, F. (2006). Estimates of the Open Economy New Keynesian Phillips Curve for
Euro Area Countries. Workshops No. 8, OeNB, 189–216.
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Rumler, F. (2006). The New Keynesian Philipps Curve for Austria – An Extension for the
Open Economy. Monetary Policy & the Economy Q4/06, OeNB, 55–69.
Scharler, J. (2006). Do Bank-Based Financial Systems Reduce Macroeconomic Volatility
by Smoothing Interest Rates? OeNB Working Paper 117.
Schneider, M., Leibrecht, M. (2006). AQM-06: The Macroeconomic Model of the
OeNB. OeNB Working Paper 132.
Schober-Rhomberg, A. (2006). The Development of the Division of Labour between the
ECB and the NCBs. Workshops No. 7, OeNB, 185–196.
Stiglbauer, A. (2006). Wie "dynamisch" ist der österreichische Arbeitsmarkt?
Wirtschaftspolitische Blätter 2/2006. Vienna.
Stiglbauer, A. (2006). Raising Older Workers’ Employment Rates in Austria. Workshops
No. 10, OeNB, 161–186.
Stiglbauer, A. (2006). The (New) OECD Jobs Study: Introduction and Assessment.
Monetary Policy & the Economy Q3/06, OeNB, 58–74.
Stix, H. (2006). Zahlungsverhalten und Bargeldverwendung in Österreich. In: Lammer, T.
(ed.), Handbuch eMoney, ePayment & mPayment. Springer Verlag.
Stix, H. (2006). Perceived Inflation and the Euro: Why High? Why Persistent? Workshops
No. 8, OeNB, 221–249.
Stix, H. (2006). The Impact of Central Bank Intervention During Periods of Speculative
Pressure – Evidence from the EMS. German Economic Review.
Stix, H., Wagner, K. (2006). How Do Austrians Pay for Online Purchases? Monetary
Policy & the Economy Q3/06, OeNB, 75–90.
Walko, Z. (2006). Financial Development, Integration and Stability in Central, Eastern
and South-Eastern Europe – The OeNB’s Conference on European Economic
Integration 2005. Focus on European Economic Integration 1/06, OeNB, 178–188.
2005
Altissimo, F., Georgiou, E., Sastre, T., Valderrama, M. T., Sterne, G., Stocker, M.,
Weth, M., Whelan, K., Willman, A. (2005). Wealth and Asset Price Effects on
Economic Activity. ECB Occasional Paper Series No. 29.
Arpa, M., Reininger, T., Walko, Z. (2005). Can Banking Intermediation in the Central
and Eastern European Countries Ever Catch Up with the Euro Area? Focus on European
Economic Integration 2/05, OeNB, 110–133.
Backé, P., Zumer, T. (2005). Developments in Credit to the Private Sector in Central and
Eastern European EU Member States: Emerging from Financial Repression – A
Comparative Overview. Focus on European Economic Integration 2/05, OeNB, 83–109.
Barisitz, S. (2005). Banking in Central and Eastern Europe since the Turn of the
Millenium – An Overview of Structural Modernization in Ten Countries. Focus on
European Economic Integration 2/05, OeNB, 58–82.
Baumgartner, J., E. Glatzer, Rumler, F., Stiglbauer, A. (2005). How Frequently Do
Consumer Prices Change in Austria? Evidence from Micro CPI Data. ECB Working
Paper Series No. 523.
Böheim, R., Stiglbauer, A., Winter-Ebmer, R. (2005). When and How to Create a Job:
The Survival of New Jobs in Austrian Firms. IZA Discussion Paper No. 1602, Bonn.
Brandner, P., Frisch, H., Grossmann, B., Hauth, E. (2005). Eine Schuldenbremse für
Österreich. BMF Working Paper 1/2005, Vienna.
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Bussière, M., Fidrmuc, J., Schnatz, B. (2005). Trade Integration of Central and Eastern
European Countries: Lessons from a Gravity Model. Working Paper No. 545, European
Central Bank, Frankfurt.
Crespo-Cuaresma, J., Fidrmuc, J., Silgoner, M.A. (2005). On the Road: The Path of
Bulgaria, Croatia and Romania to the EU and the Euro. Europe-Asia Studies 57/6, 843–
858.
Crespo Cuaresma, J., Foster, N., Scharler, J. (2005). On the Determinants of Absorptive
Capacity, Evidence from the OECD. Revise and Resubmit at European Economic
Review.
Crespo Cuaresma, J., Gnan, E., Ritzberger-Grünwald, D. (2005). The Natural Rate of
Interest — Concepts and Appraisal for the Euro Area. Monetary Policy & the Economy
Q4/05, 29–47.
Crespo Cuaresma, J., Gnan, E., Ritzberger-Grünwald, D. (2005). The Term Structure
as a Predictor of Real Activity and Inflation in the Euro Area: A Reassessment. Review
of World Economics, Weltwirtschaftliches Archiv, Springer-Verlag, Vol. 141, 318–342.
Crespo Cuaresma, J., Gnan, E., Ritzberger-Grünwald, D. (2005). The Term Structure
as a Predictor of Real Activity and Inflation in the Euro Area: A Reassessment. BIS
Papers No. 22. 177–192.
Dhyne, E., Álvarez, L.J., Le Bihan, H., Veronese, G., Dias, D., Hoffmann, J., Jonker,
N., Lünnemann, P., Rumler, F., Vilmunen, J. (2005). Price Setting in the Euro Area:
Some Stylized Facts from Individual Consumer Price Data. Journal of Economic
Perspectives 20(2), 171–192.
Diebalek, L., Köhler-Töglhofer, W., Prammer, D. (2005). The Austrian Stability Pact
2001–2004 – Design, Objectives and Effectiveness. Wirtschaftspolitische Blätter,
2/2005, 291–305.
Dirschmid, W., Waschiczek, W. (2005). Institutional Determinants of Equity Financing
in Austria. Financial Stability Report No. 9, OeNB, 77–92.
Dvorsky, S., Lindner, I. (2005). 10 Years of EU Membership: The OeNB in a Changing
Environment. Monetary Policy & the Economy Q2/05, OeNB, 42–52.
Égert, B. (2005). Balassa-Samuelson Meets South Eastern Europe, the CIS and Turkey: A
Close Encounter of the Third Kid? European Journal of Comparative Economics 2(2).
Égert, B. (2005). The Balassa-Samuelson Hypothesis in Estonia: Oil Shale, Tradable
Goods, Regulated Prices and Other Culprits. The World Economy 26(2), 259–286.
Égert, B. (2005). Equilibrium Exchange Rates in South Eastern Europe: Healthy or
(Dutch) Diseased? Economic Systems 29(2), 205–241.
Égert, B., Babetskii, I. (2005). Equilibrium Exchange Rate in the Czech Republic: How
Good is the Czech BEER? Finance A Uver (Czech Journal of Economics and Finance),
55(5–6), 232–252.
Égert, B., Dufrenot, G. (2005). Real Exchange Rates in Central and Eastern Europe:
What Role for the Underlying Fundamentals? Emerging Markets Finance and Trade,
41(2), March/April, 41–59.
Égert, B., Halpern, L. (2005). Equilibrium Exchange Rates in Central and Eastern
Europe: A Meta-Regression Analysis. Journal of Banking and Finance.
Égert, B., Halpern, L., MacDonald, R. (2005). Equilibrium Exchange Rates in Transition
Economies: Taking Stock of the Issues. Journal of Economic Surveys.
Égert, B., Kierzenkowski, R., Reininger, T. (2005). Asymmetric Fluctuation Bands in
ERM and ERM-II: Lessons to and Challenges for New EU Member States of Central
and Eastern Europe. Eastern European Economics, 43(1), 81–114.
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Égert, B., Kutan, A.M. (2005). Introduction: Exchange Rate Economics in Transition
Countries. Economic Systems, 29(2), 123–129.
Égert, B., Lahrèche-Révil, A., Lommatzsch, K. (2005). The Stock-Flow Approach to the
Real Exchange Rate in Transition Economies. In: S. Motamen-Samadian (ed.),
Economic Transition in Central and Eastern European Countries (2), 205–239.
Égert, B., Lommatzsch, K. (2005). Equilibrium Exchange Rates in the Transition: The
Tradable Price-Based Real Appreciation and Estimation Uncertainty. In: Welfens and
Wziatek-Kubiak (eds). Structural Change and Exchange Rate Dynamics in the Context
of EU Eastern Enlargement, Springer Verlag.
Égert, B., Morales-Zumaqero, A. (2005). Exchange Rate Regimes, Foreign Exchange
Volatility and Export Performance in Central and Eastern Europe Just Another Blur
Project? Focus on European Economic Integration 1, OeNB.
Eichberger, J., Summer, M. (2005). Bank Capital, Liquidity and Systemic Risk. Journal
of the European Economic Association, April-May 2005 3(2–3), 547–555.
Elsinger, J., Fenz, G., Haar-Stöhr, I., Hildebrandt, A., Reininger, T., Reitschuler, G.
(2005). Slowdown in Global Economic Momentum – Asia and the USA to Remain
Growth Drivers of World Economy in 2005. Monetary Policy & the Economy Q1/05,
OeNB, 6–22.
Elsinger, H., Summer, M. (2005). Arbitrage and Optimal Portfolio Choice with Financial
Constraints. Investment Management and Financial Innovations 3.
Ettl, I., Schober-Rhomberg, A. (2005). The Implementation of the Basel Core Principles
in Selected Countries from the Perspective of the International Monetary Fund. Focus
on European Economic Integration 2/05, OeNB, 157–173.
Fabiani, S., Druant, M., Hernando, I., Kwapil, C., Landau, B., Loupias, C., Martins,
F., Mathä, T., Sabbatini, R., Stahl, H., Stokman, A. (2005). The Pricing Behaviour of
Firms in the Euro Area: New Survey Evidence. ECB Working Paper No. 535.
Fenz G., Gnan, E., Köhler-Töglhofer, Schneider M. (eds) (2005). Macroeconomic
Models and Forecasts for Austria. OeNB Workshops, No. 5.
Fenz, G., Scharler, J. (2005). Temporary Slowdown of Economic Activity in Austria
Expected to Be Overcome Fast, but Downside Risks Increased. Economic Outlook for
Austria from 2005 to 2007 (June 2005). Monetary Policy & the Economy Q2/05,
OeNB, 8–26.
Fenz, G., Schneider, M., (2005). High Price Competitiveness of Austrian Exporters and
Recovery of Private Consumption Support. Economic Activity-Economic Outlook for
Austria from 2005 to 2007 (December 2005). Monetary Policy & the Economy Q2/05,
OeNB, 6–28.
Fenz, G., Schneider, M., Spitzer, M. (2005). The Economic Indicator of the OeNB:
Methods and Forecasting Performance. OeNB Workshops, No. 5, 126–144.
Fenz, G., Spitzer, M. (2005) AQM – The Austrian Quarterly Model of the
Oesterreichische Nationalbank. OeNB Workshops No. 5, 11–60.
Ferrando, A., Fritzer, F., Hartmann, P., Heider, F., Lauro, B., Lo Duca, M. (2005).
Indicators of Financial Modernisation. ECB Occasional Paper.
Fidrmuc, J., (2005). Trade Structure during Accession to the EU. Post-Communist
Economies 17(2), 225–234.
Fidrmuc, J. (2005). Austria’s EU Accession and Trade. Monetary Policy & the Economy
Q2/05, OeNB, 170–177.
Fluch, M., Fuchs, M. (2005). Beurteilung des neuen Statistik-Angebots der OeNB durch
die Öffentlichkeit. Statistiken – Daten & Analysen Q3/05, OeNB.
Economic Analysis and Research Department – Publications
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Fluch, M., Rumler, F. (2005). Price Developments in Austria after EU Accession and in
Monetary Union. Monetary Policy & the Economy Q2/05, OeNB, 69–89.
Fluch, M., Rumler, F. (2005). Unterschiede des VPI und HVPI – Sind zwei parallele
Verbraucherpreis-Inflationsindizes zweckmäßig? Statistiken – Daten & Analysen,
Q4/05, OeNB, 67–77.
Fluch, M., Stix, H. (2005). Perceived Inflation in Austria –Extent, Explanations, Effects.
Monetary Policy & the Economy 3/05, OeNB, 22–47.
Fuentes, A., Silgoner, M.A., Wörgötter, A., Wurzel, E. (2005). OECD Economic
Surveys: Austria, 2005 (8), OECD, Paris.
Glück, H., Schleicher, St. (2005). Monetary Policy in Real-Time Situations: The
Relevance of Simple Instrument Rules. Proceedings of the 65th Anniversary
Conference of the Institute of Economics, Zagreb, 251–277.
Gnan, E., Kwapil, C., Valderrama, M.T. (2005). EU and EMU Entry: A Monetary
Policy Regime Change for Austria? Monetary Policy & the Economy Q2/05, OeNB,
53–68.
Grossmann, B., Hauth, E. (2005). Entwicklung der öffentlichen Beschäftigung in
Österreich 1997 bis 2003. Studie im Auftrag des Bundesministeriums für Finanzen.
Vienna.
Grossmann, B., Hauth, E., Pop, S. (2005). Fiscal Spending Rules in Europe. Monetary
Policy & the Economy Q4/05, OeNB, 82-98.
Grossmann, B., Prammer, D. (2005). A Disaggregated Approach to Analyzing Public
Finances in Austria. Monetary Policy & the Economy Q4/05, OeNB, 61–75.
Gruber, T., Ritzberger-Grünwald, D. (2005). Euro Changeover in the New EU Member
States – A Preview. Focus on European Economic Integration 1, OeNB, 52–75.
Haushofer, H., Moser, G., Schardax, F., Unger, R. (2005). Fundamental and
Nonfundamental Factors in the Euro/US Dollar Market in 2002 and 2003. Monetary
Policy & the Economy 1/05, OeNB, 58–76.
Haussteiner, I. (2005). Wenn Sprache töten kann – Vom Über-Setzen und UntreuWerden. Die Übersetzung von Pablo de Santis. In: Kurz, I., Kaindl, K. (eds).
Wortklauber, Sinnverdreher, Brückenbauer? ÜbersetzerInnen und DolmetscherInnen als
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Hildebrandt, A., Schneider, M., Silgoner, M.A. (2005). Economic Momentum Slows in
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Fenz, G., Scharler, J., Schneider, M. (2004). Global Recovery and Stable Domestic
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Fidrmuc, J., Korhonen, I. (2004). A Meta-Analysis of Business Cycle Correlations
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Fidrmuc, J., Korhonen, I. (2004). The Euro Goes East: Implications of the 2000–2002
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Fluch, M., Wenko, I. (2004). Redesign des Statistikangebots der OeNB. Statistiken –
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Perspective. Monetary Policy & the Economy, Q2/04, OeNB, 72–87.
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Gnan, E., Janger, J. Scharler, J. (2004). Editorial. OeNB Workshops No. 2, 5–7.
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Haussteiner, I. (2004). Übersetzungstechnologie, Projektmanagement und Lokalisierung.
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the Economy, Q3/04, OeNB, 6–21.
Hildebrandt, A., Wörz, J. (2004). Determinants of Geographical Concentration Patterns
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Hildebrandt, A., Wörz, J. (2004). Patterns of Industrial Specialization and Concentration
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Hochreiter, E., Sitz, A. (2004). Monetary Policy and EMU Enlargement: The Adoption of
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Hochreiter, E., Tavlas, G. (2004). Two Roads to the Euro: The Monetary Experiences of
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Hochreiter, E., Tavlas, G. (2004). On the Road Again: An Essay on the Optimal Path to
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Janger, J. (2004). Der Beitrag des World Economic Forum zur wirtschaftspolitischen
Wachstumsdiskussion. Wirtschaftspolitische Blätter 1.
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Monetary Policy & the Economy, Q2/04, OeNB, 40–58.
Just, C. (2004). The International Financial Architecture: Official Proposals on Crisis
Resolution and the Role of the Private Sector, Monetary Policy & the Economy, Q1/04,
OeNB, 73–89.
Just, C., Nauschnigg, F. (2004). 60 Years of Bretton Woods – A Summary of the Bretton
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Kaufmann, S., Valderrama, M. T. (2004). Modeling Credit Aggregates. OeNB Working
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Kaufmann, S., Valderrama, M. T. (2004). The Role of Bank Lending in Market-Based
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Köhler-Töglhofer, W. (2004). Rahmenbedingungen für die nationale Fiskalpolitik in
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Knell, M. (2004). The Role of Revaluation and Adjustment Factors in Pay-As-You-Go
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Leitner, K.-H., Schaffhauser-Linzatti, M., Stowasser, R., Wagner, K. (2004).
Revealing the True Story behind Statistical Information: A Data Envelopment
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Liebscher, K., Christl, J., Mooslechner, P., Ritzberger-Grünwald, D. (eds) (2004). The
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Northampton, MA, USA.
Lindner, I., Schmidt, P. (2004). The Draft Treaty Establishing a Constitution for Europe
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Lindner, I., Stubits, M. (2004). A Constitutional Treaty for an Enlarged Union: Are there
Fundamental Changes for EMU? OeNB Workshops No. 4, 20–47.
Mooslechner, P. (2004). The Transformation of the European Financial System – A Brief
Introduction to Issues and Literature. OeNB Workshops No. 1, 7–22.
Mooslechner, P. (2004). The Challenge of Economic Growth: What are the Issues? OeNB
Workshops No. 2, 8–16.
Mooslechner, P., Backé, P. (2004). From Transition to Monetary Integration: Central and
Eastern Europe on its Way to the Euro. Comparative Economic Studies, March, Vol.
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Mooslechner, P., Schuberth, H., Schürz, M. (eds) (2004). Economic Policy under
Uncertainty: The Role of Truth and Accountability in Policy Advice. Edward Elgar,
Cheltenham, UK and Northampton, MA, USA.
Mooslechner, P., Schürz, M., Weber, B. (2004). Transparency as a Mechanism of
Governance in Financial Systems. In: Puntscher-Riekmann et al. (eds) The State of
Europe. Transformations of Statehood from a European Perspective. Frankfurter
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Mooslechner, P., Schürz, M., Weber, B. (2004). Transparenz als Steuerungsmechanismus in Finanzsystemen. Wirtschaft und Gesellschaft 30 (3).
Moser, G., Pointer, W., Reitschuler, G. (2004). Economic Growth in Denmark, Sweden
and the United Kingdom since the Start of Monetary Union. Monetary Policy & the
Economy, Q4/04, OeNB, 53–66.
Moser, G., Pointer, W., Scharler, J. (2004). International Risk Sharing in Europe: Has
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Moser, G., Rumler, F., Scharler, J. (2004). Forecasting Austrian Inflation. OeNB
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Nauschnigg, F. (2004). Eine wirtschaftliche Kosten-Nutzen-Rechnung des EU-Beitritts
für Österreich. Zukunft, 06/2004.
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Prammer, D. (2004). Expansionary Fiscal Consolidations? An Appraisal of the Literature
on Non-Keynesian Effects of Fiscal Policy and a Case Study for Austria. Monetary
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De Raaij, G., Raunig, B. (2004). Evaluating VaR Models With Likelihood Ratio Tests: A
Note. Finance Letters, 2(2), 16–19.
Redak, V., Schuberth, H., Weber, B. (2004). The Political Economy of International
Financial Governance. Monetary Policy & the Economy, Q4/04, OeNB, 68–72.
Scharler, J. (2004). International Risk Sharing and Investor Protection: Some Evidence
from the EU-15, Economics Bulletin, Vol. 6, No. 23, pp. 1–13.
Schmidt , P. (2004). A Constitutional Treaty for an Enlarged Europe: Institutional and
Economic Implications for Economic and Monetary Union. Monetary Policy & the
Economy, Q4/04, OeNB, 77–80.
Schneider, M. (2004). The Impact of Oil Price Changes on Growth and Inflation.
Monetary Policy & the Economy, Q2/04, OeNB, 27–36.
Schneider, M., Spitzer, M. (2004). Forecasting Austrian GDP Using the Generalized
Dynamic Factor Model. OeNB Working Paper 89.
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Schuberth, H. (2004). Ziele der Geldpolitik – Die Rolle von Konjunkturstabilisierung.
Wirtschaft und Gesellschaft 2/2004, Vienna.
Schuberth, H. (2004). Knightian Uncertainty, Accountability and Economic Policy Rules.
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Uncertainty: The Role of Truth and Accountability in Policy Advice. Edward Elgar,
Cheltenham, UK and Northampton, MA, USA.
Schuberth, H. (2004). The Political Economy of International Financial Governance.
Monetary Policy & the Economy Q4/04, OeNB.
Schuberth, H., Schürz, M. (2004). Rewards for the Rich, Rhetoric for the Poor? Financial
Governance Mechanisms in the U.S. In: The Transformation of the European Financial
System. Where do We Go? Where Should We Go? OeNB Workshops No.1, Vienna,
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Schuberth, H., Schürz, M. (2004). Paradoxes of Financial Governance in U.S.
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Euro-Info-Tour 2016

Einladung - Oesterreichische Nationalbank

Sonderregelung VERA A1a für Meldung Q3/2015

lebenslauf - Österreichische Gesellschaft für Europapolitik

pressedienst - Boerse

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pressedienst - Boerse

pressedienst - Boerse