Ebook: Economic Performance: A Look at Austria and Italy

The economic performance of Austria and Italy during the last two decades is analysed by economists from both countries. Their contributions interpret observed historical facts starting from a macroeconomic level down to disaggregated structural issues. The performance as well as prospects of economic policy concerning the monetary sector, the balance of payments, the industrial sectors, and the labour markets are reviewed. Specific problem areas are investigated and relationships to current economic theory are established. Readers find sufficient material to form opinions about the difference in national approaches to assess economic problems and about the different ways of attacking them.

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The economic performance of Austria and Italy during the last two decades is analysed by economists from both countries. Their contributions interpret observed historical facts starting from a macroeconomic level down to disaggregated structural issues. The performance as well as prospects of economic policy concerning the monetary sector, the balance of payments, the industrial sectors, and the labour markets are reviewed. Specific problem areas are investigated and relationships to current economic theory are established. Readers find sufficient material to form opinions about the difference in national approaches to assess economic problems and about the different ways of attacking them.

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The economic performance of Austria and Italy during the last two decades is analysed by economists from both countries. Their contributions interpret observed historical facts starting from a macroeconomic level down to disaggregated structural issues. The performance as well as prospects of economic policy concerning the monetary sector, the balance of payments, the industrial sectors, and the labour markets are reviewed. Specific problem areas are investigated and relationships to current economic theory are established. Readers find sufficient material to form opinions about the difference in national approaches to assess economic problems and about the different ways of attacking them.
Content:
Front Matter....Pages I-VI
Introduction....Pages 1-6
Front Matter....Pages 7-7
The “Economic Miracle” of Austria....Pages 9-34
Structural Changes in the Post-War Italian Economy....Pages 35-84
European Perspectives for Austria and Italy....Pages 85-95
Front Matter....Pages 97-97
Dynamics of Industrial Sectors and Structural Change in the Austrian and Italian Economies, 1970–1989....Pages 99-161
Technological Position and Industrial Structure of Austria....Pages 162-175
Endogeneous Technical Progress in a Macroeconomic Model. A Comparison between Italy and Austria....Pages 176-184
Front Matter....Pages 185-185
On the European System of Central Banks: A Note....Pages 187-197
Reflections on Central Bank Independence and Monetary Policy. The Case of Austria....Pages 198-207
Reflections on the Papers by De Cecco and Hochreiter....Pages 208-214
The Future of the European Monetary Union....Pages 215-218
Balance of Payments Constraints in the Italian Economy....Pages 219-248
Austria’s Balance of Payments under Changing Domestic and External Conditions....Pages 249-268
Front Matter....Pages 269-269
Labour Supply Trends and the Worsening Dualism in the Italian Labour Market....Pages 271-284
Macroeconomic Consequences of a Labour Supply Shock. A Simulation Study of the Austrian Experience in 1990 and 1991....Pages 285-295
Front Matter....Pages 297-297
Imported Material Price Shocks under Alternative Wage Regimes....Pages 299-323

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The economic performance of Austria and Italy during the last two decades is analysed by economists from both countries. Their contributions interpret observed historical facts starting from a macroeconomic level down to disaggregated structural issues. The performance as well as prospects of economic policy concerning the monetary sector, the balance of payments, the industrial sectors, and the labour markets are reviewed. Specific problem areas are investigated and relationships to current economic theory are established. Readers find sufficient material to form opinions about the difference in national approaches to assess economic problems and about the different ways of attacking them.
Content:
Front Matter....Pages I-VI
Introduction....Pages 1-6
Front Matter....Pages 7-7
The “Economic Miracle” of Austria....Pages 9-34
Structural Changes in the Post-War Italian Economy....Pages 35-84
European Perspectives for Austria and Italy....Pages 85-95
Front Matter....Pages 97-97
Dynamics of Industrial Sectors and Structural Change in the Austrian and Italian Economies, 1970–1989....Pages 99-161
Technological Position and Industrial Structure of Austria....Pages 162-175
Endogeneous Technical Progress in a Macroeconomic Model. A Comparison between Italy and Austria....Pages 176-184
Front Matter....Pages 185-185
On the European System of Central Banks: A Note....Pages 187-197
Reflections on Central Bank Independence and Monetary Policy. The Case of Austria....Pages 198-207
Reflections on the Papers by De Cecco and Hochreiter....Pages 208-214
The Future of the European Monetary Union....Pages 215-218
Balance of Payments Constraints in the Italian Economy....Pages 219-248
Austria’s Balance of Payments under Changing Domestic and External Conditions....Pages 249-268
Front Matter....Pages 269-269
Labour Supply Trends and the Worsening Dualism in the Italian Labour Market....Pages 271-284
Macroeconomic Consequences of a Labour Supply Shock. A Simulation Study of the Austrian Experience in 1990 and 1991....Pages 285-295
Front Matter....Pages 297-297
Imported Material Price Shocks under Alternative Wage Regimes....Pages 299-323
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