Macroeconomic Effects of the Economic Stimulus Measures
Fritz Breuss,
Serguei Kaniovski and
Margit Schratzenstaller-Altzinger Additional contact information Fritz Breuss: WIFO
Serguei Kaniovski: WIFO
Margit Schratzenstaller-Altzinger: WIFO
Abstract:
The recent financial crisis has caused a serious economic recession in Austria. In an internationally-coordinated effort to counter the economic slump, the Austrian government enacted extensive fiscal packages as well as measures aimed at stabilisation of the banking sector. The fiscal packages are now gradually being implemented and shall develop their full effect in the years 2009 and 2010.
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