PROMETEUS: A Multisectoral Macroeconomic Model of the Austrian Economy
Kurt Heinz Kratena () and
Michael Wüger Additional contact information Michael Wüger: WIFO
Authors registered in the RePEc Author Service: Michael Wueger
Abstract:
WIFO has developed a novel disaggregated macroeconomic model of the Austrian economy ("PROMETEUS" – Projecting and Modelling the Economy, Transport and Energy Use for Sustainability) that generates specific simulations of the economic effects of changes and shocks affecting the energy system (such as crude oil price shocks). Through the model's integrated mapping of the economy, energy system and ecology (CO2 emissions), it is possible to evaluate the costs and benefits attendant to achieving environmental and energy policy objectives, while highlighting economic aspects of both the single (within the energy sector) and overall types (cost, employment effect, etc.).
Ordering information: This journal article can be ordered from Austrian Institute of Economic Research c/o Christine Kautz P.O. Box 91 A-1103 Vienna/Austria