Fiscal multipliers and transfer payments (EN)
Workshop
Oesterreichische Nationalbank
Otto-Wagner-Platz 3
1090 Vienna, Austria
Impact-oriented budget management, mandatory in Austria at the federal government level since 2013, supports evidence-based policy decision-making and effective impact monitoring. However, impact assessment reports have varied greatly in terms of their informative value and the verifiability of results. The Austrian Fiscal Advisory Council intends to revive the discussion on how the estimations of fiscal and economic effects of complex reform plans under the fiscal impact assessment exercise might become more comprehensive and transparent by applying well-established methods.
Programme, presentations and papers
Opening remarks
Gottfried Haber, President, Fiscal Advisory Council
SESSION I: FISCAL MULTIPLIERS FOR AUSTRIA
Chair: Edith Kitzmantel, Fiscal Advisory Council
What do we know about fiscal multipliers?
Johannes Holler, Office of the Fiscal Advisory Council
Presentation (EN)
Study (EN)
Fiscal multipliers in Austria: a unified framework SVAR analysis
Jesús Crespo-Cuaresma, Vienna University of Economics and Business
Presentation (EN)
Study (EN)
Discussant: Rafael Doménech, BBVA Research, Spain
Presentation (EN)
On fiscal multipliers in New Keynesian small open economy models
Philip Schuster, Office of the Fiscal Advisory Council
Presentation (EN)
Study (EN)
Discussant: Markus Riegler, Austrian Parliamentary Budget Office
Presentation (EN)
SESSION II: MICROSIMULATION MODELING AS A COSTING TOOL
Chair: Ralf Kronberger, Fiscal Advisory Council
The FISK microsimulation model
Susanne Maidorn und Alena Bachleitner, Office of the Fiscal Advisory Council
Presentation (EN)
Study (EN)
The microsimulation toolkit of the Council for Budget Responsibility (CBR)
Zuzana Siebertová und Norbert Švarda, CBR, Slovakia
Presentation (EN)
Discussant: Silvia Rocha-Akis, Austrian Institute of Economic Research
Presentation (EN)