A Long-run Macroeconomic Model of the Austrian Economy (A-LMM). New Results

In this short report we present simulations based on an updated version of A-LMM, the Austrian Long-run Macroeconomic Model. In addition to a baseline scenario based on the main population projection of Statistics Austria, we simulate the effects of low and high migration, high life expectancy rates, and high or low growth of labour productivity on the macroeconomic development in Austria till 2070. We also compare the new results with results from the previous update in 2010.