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The Impact Of Inflation On The Austrian Economy Sector

Author

Listed:
  • 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)

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.

Suggested Citation

  • Muhammad RIDHO & Bagas T HARIANJA & Iskandar MUDA & Alexandru-Mircea NEDELEA & Cristina Gabriela COSMULESE, 2024. "The Impact Of Inflation On The Austrian Economy Sector," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 12(1), pages 135-141, February.
    • Handle: RePEc:scm:ejafbu:v:12:y:2024:i:1:p:135-141
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