THE IMPACT OF INFLATION ON THE AUSTRIAN ECONOMY SECTOR

Muhammad Ridho (), Bagas T Harianja (), Iskandar Muda (), Alexandru-Mircea Nedelea () and Cristina Gabriela Cosmulese ()
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Muhammad Ridho: Universitas Sumatera Utara, Medan, Indonesia
Bagas T Harianja: Universitas Sumatera Utara, Medan, Indonesia
Iskandar Muda: Universitas Sumatera Utara, Medan, Indonesia
Alexandru-Mircea Nedelea: Stefan cel Mare University, Suceava, Romania
Cristina Gabriela Cosmulese: Stefan cel Mare University, Suceava, Romania

European Journal of Accounting, Finance & Business, 2024, vol. 12, issue 1, 135-141

Abstract: environment characterized by uncertainty and price swings. With an emphasis on the factors influencing Austria's long-term economic growth, this study attempts to examine the effects of inflation on the country's economy. Panel data analysis for the years 2011–2021 is used in the study, which draws from trustworthy secondary sources like the World Bank, the OECD, and other pertinent international databases. Advanced econometric time series analysis techniques were used to accomplish the study's goals, revealing the connections between the inflation rate, investment, consumption, and other important economic factors. The results show that inflation shows significant annual fluctuations, with direct and indirect effects on economic growth. Moderate increases in inflation have been associated with a positive impulse to investment and consumption, but high levels of inflation have had a destabilizing impact, generating market uncertainty and a decline in investor confidence.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:scm:ejafbu:v:12:y:2024:i:1:p:135-141

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