Economic Performance

1. Front Matter

   Pages I-VI

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2. Introduction

   1. Introduction

      • Bernhard Böhm, Lionello F. Punzo

      Pages 1-6

3. Macroeconomic Scenario

   1. Front Matter

      Pages 7-7

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   2. The “Economic Miracle” of Austria

      • Hans Seidel

      Pages 9-34

   3. Structural Changes in the Post-War Italian Economy

      • Marcello Signorelli, Alessandro Vercelli

      Pages 35-84

   4. European Perspectives for Austria and Italy

      • Fritz Breuss, Fritz Schebeck

      Pages 85-95

4. Structural Dynamics and Industrial Policy

   1. Front Matter

      Pages 97-97

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   2. Dynamics of Industrial Sectors and Structural Change in the Austrian and Italian Economies, 1970–1989

      • Bernhard Böhm, Lionello F. Punzo

      Pages 99-161

   3. Technological Position and Industrial Structure of Austria

      • Hannes Leo

      Pages 162-175

   4. Endogeneous Technical Progress in a Macroeconomic Model. A Comparison between Italy and Austria

      • Gerhard Hanappi

      Pages 176-184

5. A Perspective on Monetary Policy and the Balance of Payments

   1. Front Matter

      Pages 185-185

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   2. Central Bank Policy

      1. On the European System of Central Banks: A Note

         • Marcello de Cecco

         Pages 187-197

      2. Reflections on Central Bank Independence and Monetary Policy. The Case of Austria

         • Eduard Hochreiter

         Pages 198-207

      3. Reflections on the Papers by De Cecco and Hochreiter

         • Francesco Farina

         Pages 208-214

      4. The Future of the European Monetary Union

         • Marcello de Cecco

         Pages 215-218

   3. Balance of Payments Problems

      1. Balance of Payments Constraints in the Italian Economy

         • Carluccio Bianchi

         Pages 219-248

      2. Austria’s Balance of Payments under Changing Domestic and External Conditions

         • Dieter Proske

         Pages 249-268

6. Cross Country Mobility Issues

   1. Front Matter

      Pages 269-269

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   2. Labour Supply Trends and the Worsening Dualism in the Italian Labour Market

      • Giuseppina Baffi, Paolo Piacentini

      Pages 271-284

   3. Macroeconomic Consequences of a Labour Supply Shock. A Simulation Study of the Austrian Experience in 1990 and 1991

      • Karl Pichelmann, Michaela Schamschule

      Pages 285-295

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.

• Austria
• European Monetary Union
• Italien
• Italy
• Wirtschaftsentwicklung
• economic performance
• monetary policy
• monetary union
• Österreich

• Institute of Econometrics, Operations Research and Systems Theory, University of Technology, Vienna, Vienna, Austria

  Bernhard Böhm

• Department of Political Economy, University of Siena, Siena, Italy

  Lionello F. Punzo

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