Single Market Transmission Mechanisms Before, During and After the 2008-09 Crisis. A Quantitative Assessment
Michael Pfaffermayr () and
Nikolaos Kontogiannis ()
Authors registered in the RePEc Author Service: Peter Huber (),
Werner Hölzl (),
Serguei Kaniovski (),
Harald Oberhofer () and
Klaus Nowotny ()
in WIFO Studies from WIFO
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.
Keywords: TP_Europa_Wettbewerb (search for similar items in EconPapers)
Date: 2016 Written 2016-11-21
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Persistent link: https://EconPapers.repec.org/RePEc:wfo:wstudy:59156
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