IDEAS home Printed from https://ideas.repec.org/a/wfo/monber/y2013i9p737-751.html
   My bibliography  Save this article

Outputlücke und strukturelles Defizit für Österreich. Kritische Analyse der Methode der Europäischen Kommission

Author

Listed:
  • Sandra Bilek-Steindl
  • Christian Glocker

    (WIFO)

  • Serguei Kaniovski
  • Thomas Url

    (WIFO)

Abstract

Mit der Unterzeichnung des Fiskalpaktes wurde das strukturelle Defizit zu einer zentralen Größe der wirtschaftspolitischen Koordination innerhalb des Euro-Raumes. Für die Berechnung des strukturellen Defizits gibt die Europäische Kommission ein einheitliches Verfahren vor, das auf dem Konzept der Outputlücke in Verbindung mit Budgetelastizitäten beruht. Der vorliegende Beitrag diskutiert die Berechnungsmethode und zeigt die Ergebnisse für Österreich. Dem Ansatz der Europäischen Kommission wird alternativ ein dynamisches Konzept zur Schätzung der Budgetsensitivität gegenübergestellt.

Suggested Citation

  • Sandra Bilek-Steindl & Christian Glocker & Serguei Kaniovski & Thomas Url, 2013. "Outputlücke und strukturelles Defizit für Österreich. Kritische Analyse der Methode der Europäischen Kommission," WIFO Monatsberichte (monthly reports), WIFO, vol. 86(9), pages 737-751, September.
  • Handle: RePEc:wfo:monber:y:2013:i:9:p:737-751
    Note: With English abstract.
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/46945
    File Function: abstract
    Download Restriction: Payment required
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Laurence Boone & Claude Giorno & Mara Meacci & David Rae & Pete Richardson & Dave Turner, 2003. "Estimating the structural rate of unemployment for the OECD countries," OECD Economic Studies, OECD Publishing, vol. 2001(2), pages 171-216.
    2. Thomas Url, 1997. "The Stability and Growth Pact. Motivation and Costs," Austrian Economic Quarterly, WIFO, vol. 2(3), pages 145-154, July.
    3. Uhlig, Harald, 1994. "Bayesian Analysis of Stochastic Volatility Models: Comment," Journal of Business & Economic Statistics, American Statistical Association, vol. 12(4), pages 410-412, October.
    4. Sandra Bilek-Steindl, 2006. "Potentialwachstum in Österreich. Schätzung und Diskussion der angebotsseitigen Wachstumschancen," WIFO Monatsberichte (monthly reports), WIFO, vol. 79(12), pages 881-891, December.
    5. Gilles Mourre & George-Marian Isbasoiu & Dario Paternoster & Matteo Salto, 2013. "The cyclically-adjusted budget balance used in the EU fiscal framework: an update," European Economy - Economic Papers 2008 - 2015 478, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Josef Baumgartner & Sandra Bilek-Steindl & Serguei Kaniovski & Hans Pitlik, 2016. "Moderate Economic Growth – Unemployment Remaining High. Medium-term Forecast for the Austrian Economy Until 2021," WIFO Bulletin, WIFO, vol. 21(19), pages 185-201, December.
    2. Josef Baumgartner & Sandra Bilek-Steindl & Serguei Kaniovski & Hans Pitlik, 2016. "Mäßiges Wirtschaftswachstum – Arbeitslosigkeit hoch. Mittelfristige Prognose der österreichischen Wirtschaft bis 2021," WIFO Monatsberichte (monthly reports), WIFO, vol. 89(10), pages 729-746, October.
    3. Josef Baumgartner & Serguei Kaniovski & Hans Pitlik & Stefan Schiman-Vukan, 2017. "Deutlich verbesserte Wachstumsaussichten. Mittelfristige Prognose der österreichischen Wirtschaft bis 2022," WIFO Monatsberichte (monthly reports), WIFO, vol. 90(10), pages 763-781, October.
    4. Josef Baumgartner & Serguei Kaniovski & Markus Leibrecht, 2014. "Verhaltenes Wirtschaftswachstum, hohe Arbeitslosigkeit und Budgetkonsolidierung prägen Wirtschaftsentwicklung. Mittelfristige Prognose der österreichischen Wirtschaft bis 2018," WIFO Monatsberichte (monthly reports), WIFO, vol. 87(2), pages 117-131, February.
    5. Kathrin Hofmann & Jürgen Janger & Anna Strauss-Kollin, 2013. "Forschungsquotenziele 2020," WIFO Studies, WIFO, number 46996.
    6. Josef Baumgartner & Serguei Kaniovski & Hans Pitlik & Margit Schratzenstaller-Altzinger, 2015. "Mäßiges Wirtschaftswachstum mit hoher Arbeitslosigkeit. Mittelfristige Prognose der österreichischen Wirtschaft bis 2020," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(10), pages 779-796, October.
    7. Wifo, 2015. "WIFO-Monatsberichte, Heft 10/2015," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(10), October.
    8. Kathrin Hofmann & Jürgen Janger, 2014. "Forschungsquotenziele 2020. Aktualisierung 2014," WIFO Studies, WIFO, number 47492.
    9. Sandra Bilek-Steindl & Christian Glocker & Serguei Kaniovski & Thomas Url, 2016. "Austria 2025 – The Effect of Human Capital Accumulation on Output Growth," WIFO Studies, WIFO, number 59175.
    10. Gunther Tichy, 2016. "Persistente Strukturprobleme trotz zutreffender Strukturprognosen," WIFO Monatsberichte (monthly reports), WIFO, vol. 89(8), pages 553-571, August.
    11. Josef Baumgartner & Serguei Kaniovski & Hans Pitlik, 2015. "Economic Growth Remains Subdued, with High Unemployment Persisting. Medium-term Projection for the Austrian Economy until 2019," WIFO Bulletin, WIFO, vol. 20(12), pages 130-144, September.
    12. Josef Baumgartner & Serguei Kaniovski & Hans Pitlik & Margit Schratzenstaller-Altzinger, 2015. "Moderate Growth with High Unemployment. Medium-term Forecast for the Austrian Economy until 2020," WIFO Bulletin, WIFO, vol. 20(27), pages 303-319, December.
    13. Josef Baumgartner & Serguei Kaniovski & Hans Pitlik & Stefan Schiman-Vukan, 2017. "Significantly Improved Growth Prospects. Medium-term Forecast for the Austrian Economy until 2022," WIFO Bulletin, WIFO, vol. 22(16), pages 155-172, December.
    14. Sandra Bilek-Steindl & Christian Glocker & Serguei Kaniovski & Thomas Url, 2017. "Österreich 2025 – Einfluss der Bildungsstruktur auf das langfristige Wirtschaftswachstum," WIFO Monatsberichte (monthly reports), WIFO, vol. 90(6), pages 479-491, June.
    15. Josef Baumgartner & Serguei Kaniovski & Hans Pitlik, 2015. "Wirtschaftswachstum weiterhin verhalten, Arbeitslosigkeit bleibt hoch. Mittelfristige Prognose der österreichischen Wirtschaft bis 2019," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(1), pages 51-66, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Achim Truger, 2015. "Implementing the golden rule for public investment in Europe," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 138, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    2. Andersen, Torben M., 2008. "Heterogenous wage formation under a common monetary policy," Economic Modelling, Elsevier, vol. 25(4), pages 740-771, July.
    3. Oreste Napolitano & Alberto Montagnoli, 2010. "The European Unemployment Gap and the Role of Monetary Policy," Economics Bulletin, AccessEcon, vol. 30(2), pages 1346-1358.
    4. Ricetti, Luca & Russo, Alberto & Gallegati, Mauro, 2013. "Unemployment benefits and financial leverage in an agent based macroeconomic model," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 7, pages 1-44.
    5. Gordana Marjanovic & Ljiljana Maksimovic & Nenad Stanisic, 2015. "Hysteresis and the NAIRU: The Case of Countries in Transition," Prague Economic Papers, Prague University of Economics and Business, vol. 2015(5), pages 503-515.
    6. Aleksejs Meļihovs & Anna Zasova, 2009. "Assessment of the natural rate of unemployment and capacity utilisation in Latvia," Baltic Journal of Economics, Baltic International Centre for Economic Policy Studies, vol. 9(2), pages 25-46, December.
    7. Lucyna Górnicka & Christophe Kamps & Gerrit Koester & Nadine Leiner-Killinger, 2020. "Learning about fiscal multipliers during the European sovereign debt crisis: evidence from a quasi-natural experiment," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 35(101), pages 5-40.
    8. Josef Baumgartner & Serguei Kaniovski & Hans Pitlik & Margit Schratzenstaller-Altzinger & Thomas Url, 2011. "Exports Drive Growth – Domestic Demand Remains Subdued. Medium-term Projections for the Austrian Economy until 2015," Austrian Economic Quarterly, WIFO, vol. 16(1), pages 21-34, March.
    9. Kuusi, Tero, 2018. "Does the structural budget balance guide fiscal policy pro-cyclically? Evidence from the Finnish Great Depression of the 1990s," MPRA Paper 84829, University Library of Munich, Germany.
    10. Lumengo Bonga-Bonga & Ntsakeseni Letitia Lebese, 2019. "Rethinking The Current Inflation Target Range In South Africa," Journal of Developing Areas, Tennessee State University, College of Business, vol. 53(2), pages 13-27, April-Jun.
    11. Andrew Hughes Hallett & Svend E Hougaard Jensen & Christian Richter, 2004. "Northern and Eastern Enlargement of EMU: Do Structural Reforms Matter?," SUERF Studies, SUERF - The European Money and Finance Forum, number 2004/3 edited by Morten Balling, May.
    12. Nicoletta Batini & Jennifer V. Greenslade, 2006. "Measuring the UK short-run NAIRU," Oxford Economic Papers, Oxford University Press, vol. 58(1), pages 28-49, January.
    13. Nicolas Carnot & Francisco de Castro, 2015. "The Discretionary Fiscal Effort: An Assessment of Fiscal Policy and Its Output Effect," Hacienda Pública Española / Review of Public Economics, IEF, vol. 215(4), pages 63-94, December.
    14. repec:hal:spmain:info:hdl:2441/7349 is not listed on IDEAS
    15. Gilles Mourre & Aurélien Poissonnier, 2019. "What Drives the Responsiveness of the Budget Balance to the Business Cycle in EU Countries?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 54(4), pages 237-249, July.
    16. Andrea Tafuro, 2015. "The Effects of Fiscal Policy on Employment: an Analysis of the Aggregate Evidence," Working Papers 2015: 03, Department of Economics, University of Venice "Ca' Foscari".
    17. Wiese, Rasmus, 2014. "What triggers reforms in OECD countries? Improved reform measurement and evidence from the healthcare sector," European Journal of Political Economy, Elsevier, vol. 34(C), pages 332-352.
    18. Orsola Costantini, 2015. "The Cyclically Adjusted Budget: History and Exegesis of a Fateful Estimate," Working Papers Series 24, Institute for New Economic Thinking.
    19. repec:hal:wpspec:info:hdl:2441/7349 is not listed on IDEAS
    20. Siemers Lars-H. & Gebhardt Heinz, 2020. "Die strukturelle Besserung der Länderfinanzen in der Niedrigzinsphase: die trügerische Leichtigkeit des Scheins," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 21(1), pages 54-78, April.
    21. Achim Truger, 2014. "Austerity, cyclical adjustment and the remaining leeway for expansionary fiscal policies in the Euro area," IMK Working Paper 140-2014, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    22. Heinz Gebhardt & Lars-H. R. Siemers, 2018. "Zur strukturellen Finanzlage der Länder: eine aktuelle Auswertung und Methodenkritik," Volkswirtschaftliche Diskussionsbeiträge 188-18, Universität Siegen, Fakultät Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:monber:y:2013:i:9:p:737-751. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.