Integrated Presentation and Analysis of Sector Accounts in Austria OECD Working Party on Financial Statistics Paris, Based on a joint-work of Karl Schwarz, Katarina Stjepanovic, Jürgen Weißenbacher (Statistics Austria) and Michael Andreasch, Nicole Schnabl, Gerald Wimmer (Oesterreichische Nationalbank) Presented by Michael Andreasch
Outline Shared Responsibility and Close Cooperation between Statistics Austria and OeNB Analytical Work on Sector Accounts First Publication in 2010
Work has been elaborated against the background … “Beyond GDP” takes also into consideration sector analysis (e.g. Households, Government) Work done by Eurostat and ECB for EU / Euro Area Main focus: - Income and saving / financial investment (by HH) - Internal and external financing (of NFC) - Financing channels (who-to-whom) Based on the integration of “separated accounts” within the sequence of accounts and traditional analysis Taking into account the vertical reconciliation (net lending/net borrowing) and horizontal reconciliation between sectors.
Responsibility NSI - Quarterly / annual non-financial (sector) accounts - Excessive Deficit Procedure - Compilation of data on goods and most items of services and current transfers for BOP statistics Central bank - Quarterly / annual financial accounts - Compilation of parts of data on property income of all sectors for non-financial accounts - Quarterly / annual external statistics (BOP, IIP, FDI)
Road Map To Reconcile Non-financial and Financial Accounts By Sector In Austria Horizontal reconciliation:between sectors Vertical reconciliation:for each economic sector
Source: Financial accounts in Austria, visualized using Pajek software The size of the nodes reflects the level of intra-sectoral exposures, the thickness of the lines indicates the gross exposures between the sectors. “ Who-to-whom Analysis ” of Financial Stocks In Austria MFI=Monetary institutes, ICPF = Insurance Corp, pension funds, OFI = other fin. Institutions, GOV = Government, NFC = Nonfinancial corporations, HH = Households including NPISH, ROW = Rest of the World (Nonresidents).
Integrated Presentation of Sector Accounts in Austria First publication in June 2010 for the reference period Content: - Integrated presentation of the full sequence of accounts and financial balance sheets for all sectors including ROW - Key indicators for households, nonfinancial corporations, and government (similar to existing indicators of Eurostat and ECB) Available on web-sites of Statistics Austria/OeNB: sector_accounts/annual_data/index.html pdf
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