Proceedings of OeNB Workshops

Proceedings of OeNB Workshops

This publication series was discontinued.

Opinions expressed by the authors of studies do not necessarily reflect the official viewpoint of the Oesterreichische Nationalbank or of the Eurosystem.

2020

  • Workshop No. 22

    August 2020 How Do Monetary, Micro- and Macroprudential Policies Interact?

    Content

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    • Editorial  PDF, 176 kB Holzmann.
    • Politicians, Central Banks and Macroprudential Supervision  PDF, 577 kB Masciandaro.
    • The Architecture of Supervision  PDF, 219 kB Maddaloni.
    • Issues in the Governance of Monetary, Microprudential and Macroprudential Policy  PDF, 216 kB Hardy.
    • The Governance of Monetary and Prudential Policy in Good Times and Bad  PDF, 217 kB Hardy.
    • Central Banks and Financial Stability: A Reflection after the Covid-19 Outbreak  PDF, 225 kB Restoy.
    • Can Macroprudential Tools Ensure Financial Stability?  PDF, 207 kB Epaulard.
    • The Interaction of Monetary and Financial Tasks in Different Central Bank Structures  PDF, 420 kB Houben, Kakes, Petersen.
    • An Integrated Macroprudential Framework in the Post-Pandemic World  PDF, 244 kB Rungcharoenkitkul.

2015

  • Workshop No. 21

    September 2015. Toward a Genuine Economic and Monetary Union

    Content

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    • Editorial  PDF, 108 kB Alphandéry, Nauschnigg, Schuberth.
    • Workshop summary  PDF, 203 kB Breitenfellner, Veselý.
    • Opening address  PDF, 120 kB Nowotny.
    • Design failures of the euro area  PDF, 2.1 MB De Grauwe.
    • Pitfalls in the concept of a Genuine Economic and Monetary Union  PDF, 2 MB Issing.
    • Taking our Economic and Monetary Union forward  PDF, 2 MB Jordan.
    • Completing Europe’s EMU – Where do we stand?  PDF, 2 MB Karas.
    • From divorce to a union of unions: too much of a good thing  PDF, 2 MB Schelkle.
    • Monetary union and fiscal integration  PDF, 2.1 MB Dabrowski.
    • Macroeconomic imbalances and institutional reforms in EMU  PDF, 2.1 MB Ederer.
    • Opting into the banking union before euro adoption  PDF, 3 MB Bluedorn, Ilyina, Iossifov.
    • (When) should a non-euro country join the banking union?  PDF, 2 MB Belke, Dobrzańska, Gros, Smaga.
    • Market-preserving fiscal federalism in the European Monetary Union  PDF, 2.8 MB van Riet.
    • Sustainable tax policy beyond the tax ratio for the EU as core element of a “Fiscal Union”  PDF, 2.1 MB Schratzenstaller.
    • Wrap-up first workshop day  PDF, 2 MB Bayer.
    • Countering divergence through automatic stabilizers in EMU  PDF, 2 MB Andor.
    • A feasible shock absorber for the euro area  PDF, 2.1 MB Brandolini, Carta, D’Amuri.
    • An unemployment insurance scheme for the euro area? A comparison of different alternatives using microdata  PDF, 2 MB Dolls, Fuest, Neumann, Peichl.
    • The trinity of wage setting in EMU: a policy proposal  PDF, 3.1 MB Gächter, Ramskogler, Riedl.
    • The effects of institutional instability in collective bargaining: a long-term analysis of changing collective bargaining actors and structures  PDF, 2.1 MB Brandl, Ibsen.
    • Towards a golden rule of public investment in Europe  PDF, 2.3 MB Truger.
    • In sickness and in health: protecting and supporting public investment in Europe  PDF, 2.2 MB Barbiero, Darvas.
    • The economic rationale of an EMU fiscal capacity  PDF, 2.2 MB Pasimeni.
    • Contributing Speakers  PDF, 1.9 MB
    • List of “Workshops – Proceedings of OeNB Workshops”  PDF, 2 MB

  • Workshop No. 20

    May 2015. Asset-liability management with ultra-low interest rates

    Content

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    • Editorial  PDF, 223 kB Beer, Gnan.
    • Interest rate cycles and implications for the financial sector: a long-term view  PDF, 368 kB Grossman.
    • Banking with ultra-low interest rates – conceptual and related issues  PDF, 812 kB Molyneux.
    • Are unconventional monetary policies bad for banks?  PDF, 175 kB Lambert.
    • Asset and liability management with ultra-low/negative interest rates The perspective of a Swiss bank – an illustrative example  PDF, 501 kB Forrest, Lake, Moser, Waterstraat, Wilson.
    • The effects of a low interest rate environment on life insurers  PDF, 326 kB Berdin, Gründl.
    • Current issues in central bank reserves management  PDF, 261 kB Nugée.
    • Asset liability management and interest rate risk in Solvency II – an empirical study  PDF, 637 kB Herold, Wirth.
    • List of “Workshops – Proceedings of OeNB Workshops”  PDF, 164 kB
    • Editorial  PDF, 223 kB Beer, Gnan.
    • Banking with ultra-low interest rates – conceptual and related issues  PDF, 812 kB Molyneux.

  • Workshop No. 19

    October 2014. Are House Prices Endangering Financial Stability? If so, How Can We Counteract This?

    Content

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    • Editorial  PDF, 150 kB Schneider, Wagner.
    • House Price Indexes: Why Measurement Matters  PDF, 318 kB Silver.
    • What Does “Location, Location, Location” Mean in the Context of House Price Indexes  PDF, 218 kB Hill, Scholz.
    • Residential Property Price Indices for Austria  PDF, 552 kB Brunauer, Feilmayr.
    • Housing Cycles: Stylised Facts and Policy Challenges  PDF, 533 kB André.
    • Fundamental and Non-Fundamental Explanations for House Price Fluctuations  PDF, 507 kB Hott.
    • An Assessment of Current House Price Developments in Germany  PDF, 287 kB Kajuth, Knetsch, Pinkwart.
    • An Assessment of Recent Increases of House Prices in Austria through the Lens of Fundamentals  PDF, 560 kB Schneider.
    • An Early Warning System to Predict House Price Bubbles  PDF, 299 kB Dreger, Kholodilin.
    • The Belgian Mortgage Market: Recent Developments and Prudential Measures  PDF, 212 kB Schepens.
    • Implementing LTV-DTI – Through the Magnifying Glass  PDF, 414 kB
    • List of “Workshops – Proceedings of OeNB Workshops”  PDF, 171 kB

2014

  • Workshop No. 18

    February 2014. Bretton Woods @ 70: Regaining Control of the International Monetary System

    Content

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    • Editorial  PDF, 241 kB Dvorsky, Nauschnigg.
    • Bretton Woods @ 70: Regaining Control of the International Monetary System  PDF, 186 kB Nowotny.
    • Welcome Remarks  PDF, 178 kB Danninger.
    • Welcome Remarks  PDF, 442 kB Uzan.
    • Bretton Woods: Keynes versus White  PDF, 206 kB Liaquat.
    • Seeing the Woods for the Trees – Preconceptions and Misconceptions about Bretton Woods  PDF, 204 kB Conway.
    • Remarks on Regaining Control at Bretton Woods  PDF, 183 kB Ruogu.
    • Growth as a Means to Stability: The Consensus of Bretton Woods  PDF, 220 kB Rauchway.
    • Tales from the Bretton Woods  PDF, 720 kB Bordo.
    • Regaining Control in the Euro Area – Speaking Points Supporting the Presentation  PDF, 209 kB Flores.
    • Addressing the Challenges in the Euro Area  PDF, 173 kB Tumpel-Gugerell.
    • Are Governments Regaining Control of the International Monetary System?  PDF, 190 kB Saccomanni.
    • Risk-Taking, Global Financial Integration and Multi-Polarization  PDF, 389 kB Boivin.
    • Challenging Perceptions: Why We Need a Multi-Polar Monetary System  PDF, 186 kB Booth.
    • Regaining Control: The Global Adjustment Question from Bretton Woods to a Multipolar World  PDF, 270 kB Çanakci.
    • Reforming the Global Reserve System  PDF, 695 kB Ocampo.
    • Managing Global Finance as a System  PDF, 774 kB Haldane.
    • EMU @ 15: Capital Flow Management in Europe – Back Full Circle Again?  PDF, 938 kB Kotz.
    • Crisis Prevention and Management: Lessons from the IMF Experience in the Great Recession  PDF, 253 kB Lamdany.
    • Middle Income Trap and International Portfolio Allocation  PDF, 653 kB Mandeng.
    • Bretton Woods and the IMS in a Multipolar World? Keynote Speech  PDF, 187 kB de Larosière.
    • Remarks on Occasion of the 70th Anniversary of Bretton Woods  PDF, 185 kB Cooper.
    • Bretton Woods and the IMS in a Multipolar World?  PDF, 194 kB Frenkel.
    • Bretton Woods and the IMS in a Multipolar World  PDF, 169 kB Tiwari.
    • List of “Workshops – Proceedings of OeNB Workshops”  PDF, 163 kB
    • Periodical Publications of the Oesterreichische Nationalbank  PDF, 192 kB

2012

  • Workshop No. 17

    February 2011. Limited Fiscal Space in CESEE: Needs and Options for Post-Crisis Reform 68th East Jour Fixe of the Oesterreichische Nationalbank

    Content

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    • Editorial  PDF, 164 kB Eller, Mooslechner, Ritzberger-Grünwald.
    • Limited Fiscal Space in CESEE: The Issue, Underlying Economic Conditions, Related Implications and Policy Options  PDF, 526 kB Eller, Mooslechner, Ritzberger-Grünwald.
    • Crisis and Consolidation – Fiscal Challenges in Emerging Europe  PDF, 228 kB Bakker, Christiansen.
    • Funded Pension, Fiscal Strain and Stabilisation Policy in Central and Eastern Europe  PDF, 219 kB Staehr.
    • Fiscal Vulnerabilities in the CESEE Countries: the Role of Fiscal Policy Structures and Budgetary Discipline  PDF, 255 kB Leiner-Killinger.
    • Fiscal Space in CESEE Countries: Lessons from the Crisis with a Special Focus on Poland  PDF, 217 kB Jędrzejowicz.
    • Crisis Resistance and Macroeconomic Stabilization Capacity of Czech Public Finance  PDF, 205 kB Král.
    • How to Make CESEE’s Public Finance Systems More Crisis-Resilient and Improve Their Macroeconomic Stabilization Capacity?  PDF, 193 kB Mates.
    • How to Remove Bad Incentives?  PDF, 187 kB Ódor.
    • The Role of International Transfers in Public Investment in CESEE: The European Commission’s Experience with Structural Funds  PDF, 217 kB Monfort.
    • Funding of Public Private Partnership Projects in CESEE Markets  PDF, 150 kB Kummert.
    • The Role of International Transfers in Public Investment in CESEE: The European Investment Bank’s Perspective  PDF, 132 kB Vrla.
    • Contributors  PDF, 170 kB

2009

  • Workshop No. 16

    September 2008. Dimensionen der Ungleichheit in der EU

    Content

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    • Editorial  PDF, 2.6 MB Chaloupek, Mooslechner.
    • Dimensionen sozialer Ungleichheit  PDF, 2.6 MB Schlager, Schürz.
    • Falling Wage Shares: a Common Trend?  PDF, 2.6 MB Arpaia, Pichelmann.
    • Kommentar  PDF, 2.6 MB Chaloupek.
    • Inequality and Growth: Goal Conflict or Necessary Prerequisite?  PDF, 2.8 MB García-Peñalosa.
    • Commentary  PDF, 2.6 MB Zuckerstätter.
    • Einkommensverteilung und Armut im OECD-Raum  PDF, 2.8 MB Förster.
    • Einkommenskonzentration in Europa  PDF, 2.6 MB Corneo.
    • Kommentar  PDF, 2.7 MB Altzinger.
    • Erkenntnisse und Probleme der Vermögensforschung auf Basis von Surveydaten  PDF, 2.7 MB Frick, Grabka.
    • Eliten, Macht und Reichtum in Europa  PDF, 2.6 MB Hartmann.
    • Contributors  PDF, 2.6 MB

  • Workshop No. 15

    March 2009. Recent Developments in the Baltic Countries – What Are the Lessons for Southeastern Europe?

    Content

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    • Editorial  PDF, 274 kB
    • Recent Developments in the Baltics and Southeastern European Countries with Low Nominal Exchange Rate Flexibility  PDF, 472 kB Martin, Zauchinger.
    • Financial Stability in a Brave New World: The Challenges for Southeastern Europe  PDF, 543 kB Watson.
    • Catching-Up and Inflation in the Baltics and Southeastern Europe: the Role of the Balassa-Samuelson Effect  PDF, 447 kB Klau, Mihaljek.
    • Reserves Can Help – the Case of Estonia  PDF, 290 kB Kaasik.
    • Assessment of Past Developments and Economic Policy Challenges in Latvia  PDF, 315 kB Berzina.
    • From Boom to Bust: Lessons from Lithuania  PDF, 316 kB Kuodis, Ramanauskas.
    • The Current Crisis – a Challenge as Well as a Chance to Implement Needed Reforms?  PDF, 295 kB Hadziomeragic.
    • Spillovers of the Crisis: How Different Is Croatia?  PDF, 287 kB Jankov.

  • Workshop No. 14

    September 2007. International Trade & Domestic Growth: Determinants, Linkages and Challenges

    Content

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    • Editorial  PDF, 363 kB
    • Firm Heterogeneity, Exporting and Foreign Direct Investment  PDF, 637 kB Greenaway, Knell.
    • Trade and Growth: “South-North” Integration, Outsourcing and Skills  PDF, 462 kB Landesmann, Stehrer.
    • Endogenous Export Modes – Trade Intermediation versus Wholesale FDI in General Equilibrium  PDF, 536 kB Felbermayr, Jung.
    • Service Sector Linkages: The Role of Services in Manufacturing  PDF, 410 kB Francois, Wörz.
    • Synchronization of Business Cycles of Germany and Austria  PDF, 451 kB Fenz, Schneider.
    • Factors Driving Import Demand in Central and Eastern European EU Member States  PDF, 437 kB Reininger.
    • Estimates of Gains from Further Multilateral Trade Liberalisation: Should They Differ?  PDF, 492 kB Kowalski.

2008

  • Workshop No. 13

    April 2007. The Experience of Exchange Rate Regimes in Southeastern Europe in a Historical and Comparative Perspective

    Content

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    • Editorial  PDF, 302 kB
    • The Choice of Exchange Rate Regimes: Where Do We Stand?  PDF, 340 kB Mooslechner.
    • Monetary Separation and European Convergence in the Balkans in the 19th Century  PDF, 331 kB Einaudi.
    • Adjustment under the Classical Gold Standard   PDF, 516 kB Morys.
    • Exchange Rate Control in Italy and Bulgaria in the Interwar Period: History and Perspectives  PDF, 484 kB Dimitrova, Nenovsky, Pavanelli.
    • Central Banking in 19th Century Belgium: Was the NBB a Lender of Last Resort?  PDF, 416 kB Buyst, Maes.
    • Episodes in German Monetary History – Lessons for Transition Countries?  PDF, 549 kB Pontzen, Schobert.
    • General Patterns in the Monetary History of Balkan Countries in the 20th Century  PDF, 348 kB Bernholz.
    • Effective Exchange Rates in Bulgaria 1897–1939  PDF, 379 kB Dimitrova, Ivanov, Simeonova-Ganeva.
    • Exchange Rate Regimes of the Dinar 1945–1990  PDF, 480 kB Stojanović.
    • Foreign Exchange Regime in Romania between 1929 and 1939  PDF, 376 kB Blejan, Costache, Iarovici, Stoenescu.
    • Discussions over the Currency Policy in the NEP Period (1921–1928)  PDF, 288 kB Goland.
    • The Evolution of Exchange Rate Regime Choices in Turkey  PDF, 451 kB Görmez, Yilmaz.
    • Dinar Exchange Rate in the Kingdom of Serbia 1882–1914  PDF, 459 kB Šojić, Đurđević.
    • Foreign Exchange Policy in the Kingdom of Yugoslavia during and after the Great Depression  PDF, 419 kB Gnjatović.
    • Paths of Monetary Transition and Modernization  PDF, 446 kB Barisitz.
    • Introducing the Monetary Time Series of Southeastern Europe  PDF, 390 kB Morys.
    • Albania  PDF, 255 kB Orhan, Rexha.
    • Austro-Hungarian Empire  PDF, 276 kB Scheiber.
    • Bulgaria  PDF, 266 kB Dimitrova, Ivanov.
    • Greece  PDF, 279 kB Lazaretou.
    • Romania  PDF, 320 kB Blejan, Costache, Iarovici, Stoenescu.
    • Serbia  PDF, 284 kB Borković, Jovanović, Šojić, Đurđević.
    • Contributors  PDF, 316 kB

2007

  • Workshop No. 12

    May 2007. Emerging Markets: Any Lessons for Southeastern Europe?

    Content

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    • Editorial  PDF, 274 kB
    • Economic Restructuring in the New EU Member States and Selected Newly Independent States: Effects on Growth, Employment and Productivity  PDF, 468 kB Havlik.
    • Foreign Direct Investment and Productivity Spillovers in the Central and Eastern European Countries  PDF, 418 kB Geršl, Rubene, Zumer.
    • Corporate Financing in the New Member States: Firm-Level Evidence for Convergence and Divergence Trends  PDF, 432 kB Peev, Yurtoglu.
    • Central Bank Sterilization Policy: The Experiences of Slovenia and Lessons for Countries in Southeastern Europe  PDF, 430 kB Bohnec, Koŝak.
    • Are European Emerging Markets Different?  PDF, 366 kB Demekas.
    • Assessing the Role of International and Domestic Financial Factors in the Sovereign Debt Structure  PDF, 390 kB Dominguez.
    • Survey Evidence on the Exchange Rate Exposure of Hungarian SMEs  PDF, 641 kB Bodnár.
    • Local Debt Expansion … Vulnerability Reduction? An Assessment for Six Crises-Prone Countries  PDF, 427 kB Acevedo, Alberola, Broto.
    • Privatisation, Consolidation and the Increased Role of Foreign Banks  PDF, 399 kB Mihaljek.
    • Private-Sector Credit in Central and Eastern Europe: New (Over)Shooting Stars?  PDF, 521 kB Backé, Égert, Zumer.
    • Booms and Busts Episodes and the Choice of Adjustment Strategy  PDF, 459 kB Martin, Schuknecht.
    • Equilibrium Exchange Rates in Oil-Dependent Countries  PDF, 279 kB Juurikkala, Korhonen.
    • Common Volatility Trends in the Central and Eastern European Currencies and the Euro  PDF, 639 kB Pramor, Tamirisa.
    • Exchange Rate Volatility and Growth in Emerging Europe and East Asia  PDF, 372 kB Schnabl.
    • Contributors  PDF, 253 kB

  • Workshop No. 11

    June 2006. From Bretton Woods to the Euro – Austria on the Road to European Integration

    Content

    Full version (PDF, 849 kB) Download

    • Editorial  PDF, 160 kB
    • Begrüßung  PDF, 167 kB Liebscher.
    • „Von Bretton Woods zum Euro“ Österreich auf dem Weg zur Europäischen Integration  PDF, 175 kB Androsch.
    • From Bretton Woods to the Euro: the Evolution of Austrian Monetary Policy from 1969 to 1999  PDF, 248 kB Mooslechner, Schmitz, Schuberth.
    • Die Hartwährungspolitik und die Liberalisierung des Kapitalverkehrs sowie des Finanzsektors  PDF, 341 kB Nowotny.
    • Von Bretton Woods zum Euro – Ideengeschichtliche Perspektiven  PDF, 239 kB Klausinger.
    • Österreich und Europa – ein ambivalentes Verhältnis, auch für die Sozialdemokratie  PDF, 185 kB Rathkolb.
    • Podiumsdiskussion  PDF, 144 kB
    • Contributors  PDF, 141 kB

2006

  • Workshop No. 10

    March 2006. Strategies for Employment and Growth in Austria

    Content

    Full version (PDF, 1.4 MB) Download

    • Editorial  PDF, 241 kB
    • Welcome Address  PDF, 224 kB Christl.
    • OECD Recommendations for Austria to Increase Growth and Employment  PDF, 269 kB Wörgötter.
    • The Lisbon National Reform Programs: New Ideas for Austria's Economic Policy  PDF, 226 kB Janger.
    • Commentary  PDF, 277 kB Aiginger.
    • Will Further Market Integration and Intensified Competition Lead to Higher Growth in Austria?  PDF, 375 kB Böheim.
    • Commentary  PDF, 242 kB Badinger.
    • Regulation of Professional Services: Lawyers & Notaries, Accountants, Architects & Engineers, Pharmacists  PDF, 323 kB Paterson.
    • Growth, Human Capital and the Quality of Schools: Lessons from International Empirical Research  PDF, 418 kB Wößmann.
    • Does the Entrepreneurial Economy Need an Entrepreneurial University?  PDF, 248 kB Audretsch.
    • Commentary  PDF, 248 kB Pechar.
    • The Austrian Labor Market: Model of Success or Increased Need for Reforms?  PDF, 332 kB Hofer.
    • How to Raise the Employment Rate of Women in Austria  PDF, 349 kB Biffl.
    • Raising Older Workers' Employment Rates in Austria  PDF, 394 kB Stiglbauer.
    • Commentary  PDF, 234 kB Schweighofer.
    • Growth and Employment Strategies in Austria  PDF, 226 kB Angelo.
    • Going for Growth – Time to Move up a Gear  PDF, 238 kB Pichelmann.
    • More Growth and Jobs in Europe through an Improved “Lisbon Governance”?  PDF, 248 kB Capdevila.
    • Some Insights on the Link between the Public Sector and Economic Growth and International Trade and Economic Growth and International Trade and Economic Growth  PDF, 234 kB Kronberger.
    • The Contribution of Public Finances to Growth and Employment: The New Quality Concept  PDF, 232 kB Part.
    • A Growth Cookbook  PDF, 227 kB Zagler.
    • Contributors  PDF, 239 kB

  • Workshop No. 09

    March 2006. New Regional Economics in Central European Economies: The Future of CENTROPE

    Content

    Full version (PDF, 5.2 MB) Download

    • Editorial  PDF, 309 kB
    • The Future of the Central European Region: CENTROPE  PDF, 287 kB Achleitner.
    • Geographical Economics Model with Congestion  PDF, 355 kB van Marrewijk.
    • Putting New Economic Geography to the Test: Free-ness of Trade and Agglomeration in the EU Regions  PDF, 518 kB Brakman, Garretsen, Schramm.
    • The Use of Geographical Grids Models in NEG: Assessing the Effects of EU Integration  PDF, 1.6 MB Stelder.
    • Economic Challenges in the CENTROPE Region  PDF, 321 kB Feldkircher, Palme.
    • Regional Convergence within the EU-25: A Spatial Econometric Analysis  PDF, 1.5 MB Feldkircher.
    • Hungary, Slovakia and the Czech Republic: Longer-Term Growth Prospects  PDF, 452 kB Podkaminer, Stehrer.
    • Structural Change in the CENTROPE Region  PDF, 1.1 MB Huber, Mayerhofer.
    • A Preliminary Overview of the Possible Importance of Financial Markets for the Development of the CENTROPE Region  PDF, 393 kB Schuh.
    • Banknote Migration in the CENTROPE Region  PDF, 435 kB Schautzer.
    • Traffic Sensitivity of Long-Term Regional Growth Forecasts  PDF, 1.1 MB Polasek.
    • Vienna and the CENTROPE Region: An International Business Perspective  PDF, 379 kB Meth-Cohn.
    • Panel Discussion  PDF, 285 kB
    • Contributors  PDF, 241 kB

2005

  • Workshop No. 08

    December 2005. Price Setting and Inflation Persistence in Austria

    Content

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    • Editorial  PDF, 210 kB Kwapil, Rumler.
    • “Stubborn” Inflation in Austria? Introduction and a Very Long-Term View   PDF, 334 kB Cuaresma, Gnan.
    • The Dynamics of Individual Consumer Price Data for Austria  PDF, 388 kB Baumgartner, Glatzer, Rumler, Stiglbauer.
    • Comment on “The Dynamics of Individual Consumer Price Data for Austria”  PDF, 205 kB Hoffmann.
    • Regular Adjustment: Theory and Evidence  PDF, 371 kB Konieczny, Rumler.
    • The Price-Setting Behavior of Austrian Firms: Some Survey Evidence  PDF, 540 kB Baumgartner, Kwapil, Scharler.
    • Comment on “Price-Setting Behavior of Austrian Firms: Some Survey Evidence”  PDF, 233 kB Mathä.
    • Inflation Persistence in Austria: First Results for Aggregate and Sectoral Price Series  PDF, 458 kB Baumgartner.
    • Comment on “Inflation Persistence in Austria: First Results for Aggregate and Sectoral Price Series”  PDF, 261 kB Knell.
    • Estimates of the Open Economy New Keynesian Phillips Curve for Euro Area Countries  PDF, 524 kB Rumler.
    • Comment on “Estimates of the Open Economy New Keynesian Phillips Curve for Euro Area Countries”  PDF, 227 kB Scharler.
    • Perceived Inflation and the Euro: Why High? Why Persistent?  PDF, 923 kB Stix.
    • Comment on “Perceived Inflation and the Euro: Why High? Why Persistent?”  PDF, 215 kB Kirchler.
    • Consequences of Rigid Prices for Competition and Structural Policy – Panel Discussion  PDF, 232 kB Aiginger.
    • Consequences for Economic Policy – Panel Discussion  PDF, 218 kB Chaloupek.
    • Conclusions for Economic Policy: A Business Perspective – Panel Discussion  PDF, 312 kB Eder, Kaszanits.
    • Macroeconomic Consequences of Inflation Persistence in Austria – Panel Discussion  PDF, 201 kB Zagler.
    • Price Setting and Inflation Persistence: Some Policy Conclusions from a Central Bank’s Perspective – Panel Discussion  PDF, 646 kB Gnan.
    • Contributors  PDF, 173 kB

  • Workshop No. 07

    October 2005. The European Integration Process: A Changing Environment for National Central Banks

    Content

    Full version (PDF, 1.4 MB) Download

    • Editorial  PDF, 297 kB Lindner, Schmidt.
    • Welcome Address  PDF, 273 kB Christl.
    • Keynote Speech  PDF, 273 kB Padoa-Schioppa.
    • The Hrvatska Narodna Banka’s Experiences in Preparation for the EU/ESCB Membership  PDF, 353 kB Matejka.
    • Institutional Developments and Accession to the European Union: The Perspective of the Banca Na?ional? a României  PDF, 357 kB Popa.
    • Eesti Pank in the European Integration Process  PDF, 265 kB Põder.
    • Institutional Changes in the European Integration Process – the OeNB’s Experience  PDF, 341 kB Dvorsky, Lindner.
    • Comparing Central Bank Legislation in Southeastern Europe: Selected Cases  PDF, 356 kB Dvorsky.
    • Strengthening the Guarantees for Independence of a Central Bank in Compliance with EU Requirements  PDF, 446 kB Grozev.
    • The Structure and Functions of the Türkiye Cumhuriyet Merkez Bankasi  PDF, 344 kB Yeşiladali.
    • Legal Independence of the Narodna Banka na Republika Makedonija  PDF, 284 kB Stojanovski.
    • Checks and Balances for the European Central Bank and the National Central Banks  PDF, 314 kB van den Berg.
    • A National Central Bank within a Federal System  PDF, 332 kB Barontini, Bonzom.
    • The Development of the Division of Labour between the ECB and the NCBs  PDF, 294 kB Schober-Rhomberg.
    • Optimal Central Bank Design: Benchmarks for the ECB  PDF, 411 kB Berger.
    • Documenting FOMC Voting Patterns  PDF, 305 kB Meade, Sheets.
    • The Future Voting Modalities of the ECB Governing Council  PDF, 334 kB Servais.
    • Contributors  PDF, 314 kB

  • Workshop No. 06

    January 2005. Capital Taxation after EU Enlargement

    Content

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    • Editorial  PDF, 174 kB Köhler-Töglhofer, Schratzenstaller, Wagener.
    • Competition – Location – Harmonization: The Challenges of Capital Taxation after EU Enlargement  PDF, 173 kB Mooslechner.
    • Company Taxation – an Unsolved Issue of EU Policy Making   PDF, 160 kB Aiginger.
    • FDI and Taxation: Some Methodological Aspects and New Evidence for Central and Eastern European Countries  PDF, 623 kB Bellak, Leibrecht, Römisch.
    • Comment on “FDI and Taxation: Some Methodological Aspects and New Evidence for Central and Eastern European Countries”  PDF, 140 kB Beer.
    • Comment on “FDI and Taxation: Some Methodological Aspects and New Evidence for Central and Eastern European Countries”  PDF, 147 kB Farny.
    • (Why) Do We Need Corporate Taxation?  PDF, 270 kB Weichenrieder.
    • Company Taxation and Growth: The Role of Small and Large Firms  PDF, 290 kB Keuschnigg.
    • Comment on “(Why) Do We Need Corporate Taxation? and Company Taxation and Growth: The Role of Small and Large Firms”  PDF, 221 kB Rainer.
    • Comment on “Company Taxation and Growth: The Role of Small and Large Firms”  PDF, 150 kB Stomper.
    • Capital Taxation in an Enlarged EU: The Case for Tax Competition  PDF, 351 kB Feld.
    • Capital Taxation in an Enlarged EU: The Case for Tax Coordination  PDF, 237 kB Genser.
    • Comment on “Capital Taxation in an Enlarged EU: The Case for Tax Coordination and The Case for Tax Competition”  PDF, 188 kB Franco.
    • Comment on “Capital Taxation in an Enlarged EU: Competition or Coordination?”  PDF, 177 kB Zagler.
    • The Future of the Corporate Income Taxation in the European Union  PDF, 909 kB Cnossen.
    • Comment on “The Future of Corporate Income Taxation in the European Union”  PDF, 166 kB Nowotny.
    • Contributors  PDF, 172 kB

  • Workshop No. 05

    November 2004. Macroeconomic Models and Forecasts for Austria

    Content

    Full version (PDF, 4 MB) Download

    • Editorial  PDF, 165 kB Fenz, Gnan, Köhler-Töglhofer, Schneider.
    • AQM – The Austrian Quarterly Model of the Oesterreichische Nationalbank  PDF, 1.1 MB Fenz, Spitzer.
    • WIFO-Macromod – An Econometric Model of the Austrian Economy  PDF, 297 kB Baumgartner, Breuss, Kaniovski.
    • The Macroeconometric Model LIMA  PDF, 316 kB Hofer, Kunst.
    • 1st Comment on “The Austrian Quarterly Model of the OeNB, WIFO-Macromod and Macroeconometric Model LIMA (IHS)”  PDF, 195 kB Zwiener.
    • 2nd Comment on “The Austrian Quarterly Model of the OeNB, WIFO-Macromod and Macroeconometric Model-Lima (IHS)”  PDF, 201 kB Warmedinger.
    • The Economic Indicator of the OeNB: Methods and Forecasting Performance  PDF, 278 kB Fenz, Schneider, Spitzer.
    • Dating Turning Points for Austria: A Suggestion  PDF, 304 kB Kaufmann.
    • Comment on “Dating Turning Points for Austria: A Suggestion”  PDF, 183 kB Kunst.
    • A Long-run Macroeconomic Model of the Austrian Economy  PDF, 667 kB Baumgartner, Hofer, Kaniovski, Schuh, Url.
    • Comment on “A Long-run Macroeconomic Model of the Austrian Economy (A-LMM)”  PDF, 156 kB Glück.
    • Forecasting Austrian Inflation  PDF, 1.8 MB Moser, Rumler, Scharler.
    • Comment on “Forecasting Austrian Inflation”  PDF, 219 kB Rünstler.
    • Evaluating Euro Exchange Rate Predictions from a Battery of Multivariate Models  PDF, 236 kB Cuaresma, Fortin, Hlouskova.
    • Comment on “Evaluating Euro Exchange Rate Predictions from a Battery of Multivariate Models”  PDF, 164 kB Grech.
    • MULTIMAC IV: A Disaggregated Econometric Model of the Austrian Economy  PDF, 346 kB Kratena, Zakarias.
    • MULTIREG – A Multiregional Integrated Econometric Input-Output Model for Austria  PDF, 549 kB Fritz, Kratena, Streicher, Zakarias.
    • 1st Comment on “MULTIMAC IV and MULTIREG”  PDF, 208 kB Wagner.
    • 2nd Comment on “MULTIMAC IV and MULTIREG”  PDF, 209 kB Richter.
    • Contributors  PDF, 140 kB

  • Workshop No. 04

    November 2004. Macroeconomic Models and Forecasts for Austria

    Content

    Full version (PDF, 4 MB) Download

    • Editorial  PDF, 48 kB
    • A Constitutional Treaty for an Enlarged Europe: Institutional and Economic Implications for Economic and Monetary Union - Opening Address  PDF, 46 kB Christl.
    • The European Constitution and Economic and Monetary Union  PDF, 65 kB Smits.
    • A Constitutional Treaty for an Enlarged Union: Are there Fundamental Changes for EMU?  PDF, 143 kB Lindner, Stubits.
    • Comment on Isabella Linder and Marlies Stubits: "A Constitutional Treaty for an Enlarged Europe: Are there Fundamental Changes for EMU?" -   PDF, 47 kB Breuss.
    • Financial Stability Arrangements in Europe: A Review  PDF, 113 kB Gulde, Wolf.
    • Comment on Anne-Marie Gulde and Holger Wolf: “Financial Stability Arrangements in Europe: a Review”  PDF, 59 kB Hrdlicka.
    • Fiscal Policy and Democracy in Europe  PDF, 135 kB
    • Comment on Stefan Collignon: "Fiscal Policy and Democracy in Europe"  PDF, 42 kB Marin.
    • Workshop No. 4  PDF, 427 kB

  • Workshop No. 03

    June 2004. 60 Years of Bretton Woods – The Governance of the International Financial System – Looking Ahead

    Content

    Full version (PDF, 1020 kB) Download

    • Editorial  PDF, 239 kB
    • The Importance of the Bretton Woods Institutions for Small Countries  PDF, 233 kB Liebscher.
    • Reinventing Bretton Woods?  PDF, 222 kB Uzan.
    • Governance of the International Financial System  PDF, 239 kB Shafer.
    • The World Bank's Contribution to Financial Stability  PDF, 220 kB Bayer.
    • The Bretton Woods Institutions after 60 Years  PDF, 279 kB Dervis.
    • A Historical Perspective on the International Monetary System  PDF, 256 kB James.
    • Exchange Rate Regimes for the 21st Century  PDF, 307 kB Bordo.
    • Regional Monetary Arrangements  PDF, 291 kB Christl, Just.
    • East Asia's Contribution to a Stable Currency System  PDF, 488 kB Kawai.
    • Crises Prevention and Crises Resolution  PDF, 233 kB Malan.
    • Is there Consensus on the Crises Prevention Toolkit?  PDF, 228 kB Tumpel-Gugerell.
    • Crisis Resolution: What the IMF is Doing  PDF, 237 kB Krueger.

2004

  • Workshop No. 02

    March 2004. Current Issues of Economic Growth

    Content

    Full version (PDF, 1.4 MB) Download

    • Editorial  PDF, 212 kB Gnan, Janger, Scharler.
    • The Challenge of Economic Growth  PDF, 255 kB Mooslechner.
    • European Productivity Gaps: Is R & D the Solution?  PDF, 401 kB Meister, Verspagen.
    • Comment on: Christoph Meister und Bart Verspagen, “European Productivity Gaps: Is R & D the Solution?”  PDF, 238 kB Peneder.
    • R & D and Productivity  PDF, 270 kB Griffith, Redding, Van Reenen.
    • On the Determinants of Absorptive Capacity: Evidence from OECD Countries  PDF, 491 kB Cuaresma, Scharler.
    • Comment on the Papers by Scharler et al. and by Redding et al.  PDF, 291 kB Kunst.
    • Human Capital and Growth: Some Results for the OECD  PDF, 384 kB de la Fuente.
    • Convergence of Educational Attainment Levels in the OECD: More Data, More Problems?  PDF, 336 kB Cuaresma.
    • Workforce Ageing and Economic Productivity: The Role of Supply and Demand of Labor: An Application to Austria  PDF, 497 kB Fent, Fürnkranz-Prskawetz.
    • Comment on: Prskawetz and Fent, “Workforce Ageing and Economic Productivity: the Role of Supply and Demand of Labor”  PDF, 253 kB MacKellar.
    • Is Human Capital the Solution to the Ageing and Growth Dilemma?  PDF, 423 kB Lindh.
    • Comment on: Thomas Lindh, “Is Human Capital the Solution to the Ageing and Growth Dilemma?”  PDF, 259 kB Kramer.

  • Workshop No. 01

    June 2003. The Transformation of the European Financial System – Where Do We Go? Where Should We Go?

    Content

    Full version (PDF, 912 kB) Download

    • Editorial  PDF, 208 kB Schuberth, Schürz.
    • The Transformation of the European Financial System – A Brief Introduction to Issues and Literature  PDF, 311 kB Mooslechner.
    • An Overview of Financial Systems’ Diversity  PDF, 893 kB Amable.
    • Comment on: Bruno Amable, “An Overview of Financial Systems’ Diversity”  PDF, 682 kB Knell.
    • Financial Systems, Industrial Relations and Industry Specialization  PDF, 664 kB Ernst.
    • Comment on: Ekkehard Ernst, “Financial Systems, Industrial Relations, and Industry Specialization"  PDF, 920 kB Janger.
    • Taking Uncertainty Seriously: Complementarity as a Moving Target  PDF, 919 kB Streeck.
    • Rewards for the Rich, Rhetoric for the Poor? Financial Governance Mechanisms in the U.S.  PDF, 1 MB Schuberth, Schürz.