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Harald Oberhofer, Christian Glocker, Werner Hölzl, Peter Huber, Serguei Kaniovski, Klaus Nowotny, Michael Pfaffermayr (WIFO), Monique Ebell, Nikolaos Kontogiannis (NIESR, London)
Single Market Transmission Mechanisms Before, During and After the 2008-09 Crisis. A Quantitative Assessment
Monographs, July 2016, 227 pages
Commissioned by: European Commission, DG Growth
Study by: Austrian Institute of Economic Research – National Institute of Economic and Social Research, London
Online since: 21.11.2016 0:00
This study analyses the main transmission mechanisms relevant for the absorption and propagation of asymmetries within the EU and EMU, putting a specific focus on Europe's real economy. In particular, the report aims to assess how the economic shock that triggered the financial and economic crisis has been transmitted and at least partially absorbed in the EU's real economy and the EMU member countries, from both a macro- and a microeconomic perspective. From a policy point of view, the results of the current study imply that, on account of the substantial heterogeneity among EU countries found in all parts of the study, "one size fit all" policies are likely to be very ineffective at increasing the resilience of the EU's single market.
Research group:Industrial Economics, Innovation and International Competition – Macroeconomics and European Economic Policy – Structural Change and Regional Development

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Completed research studies
Commissioned by: European Commission
Study by: Austrian Institute of Economic Research – National Institute of Economic and Social Research, London
Closed: 2016
This systematic macro- and microeconomic analysis of the main transmission channels for economic shocks within the internal EU market will consider each of the cross-border flows mentioned in detail and differentiate between the time periods before, during (and after) the economic crisis as well as between EMU and non EMU countries (differentiating between times of Euro adoption) and – as far as possible – non-EMU countries following different exchange rate regimes.

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