SERI and GWS were tasked by the Austrian Chamber of Labour to calculate the economic consequences of deficit spending measures (e.g. higher social transfers, lower income tax revenue, lowering social security contributions, etc.) on GDP, employment, private consumption, public consumption, exports and imports, and other economic variables until 2035.
The analysis was conducted using e3.at (economy, energy, environment, Austria). e3.at is a prognosis and simulation model for Austria that has been extended and improved over the course of several years and projects. e3.at reflects the Austrian economy, environment and energy system and thus helps to illuminate interdependencies and interactions between economic development, energy and material consumption as well as CO2 emissions. Following changes in official statistics, the model was rebuilt and subsequently used again for the first time in this project.
The final report can be downloaded here (German).