Commissioned by: European Commission-Framework Programme
Study by: Austrian Institute of Economic Research – Oceanic Platform of the Canary Islands
The Sustainable Careers for Researcher Empowerment (SECURE) project will develop coordination and support measures to create,
trial, implement, and mainstream a common Research Career Framework (RCF) that offers a suite of options to support organisations
in the recruitment, employment, training, development, progression, and mobility of researchers with the aim of improving
research careers and reducing career precarity. The RCF will recognise the research profession across sectors, provide a career
development and progression structure for research careers, recognise both research and transferable skills and competences,
facilitate intersectoral collaboration and mobility, and offer solutions to the precariousness of research careers in academia.
Study by: Austrian Institute of Economic Research – German Institute for Economic Research – Hertie School gGmbH – Queen Mary University of London
Commissioned by: European Parliament
The European Central Bank (ECB) is independent in the conduct of monetary policy. However, it is accountable to the Committee
on Economic and Monetary Affairs of the European Parliament. This is implemented via the "Monetary Dialogue". Every three
months, the President of the ECB or, occasionally, another member of the ECB's Executive Board appears before the Committee
to report on monetary policy and answer questions from Members of Parliament, who are informed in advance by experts. WIFO
is part of a consortium of institutes that provides the Committee with independent expert advice on monetary and economic
policy for the period 2020-2024.
Supported by: Anniversary Fund of the Oesterreichische Nationalbank
This project investigates the possibility of the existence of middle-income traps among European NUTS-2 regions. Thus, the
study extends the literature on middle-income traps, which has so far mainly focused on the national level, to the subnational
level. Given the granularity of regional data, the study aims at improving existing spatial econometric methods by simultaneously
accounting for spatial dependence, the nature of spatial spillover processes and the uncertainty regarding alternative definitions
of growth regimes. Furthermore, the project focuses on analysing growth determinants of middle-income regions, such as EU
regional funds, and studies factors driving regions to falling into and escaping from a middle-income trap.
Study by: Austrian Institute of Economic Research – Center for Social and Economic Research – Institut d'Economia de Barcelona – ifo Institute – Leibniz Institute for Economic Research at the University of Munich – PwC EU Services – Institute for Economic Research Finland – Copenhagen Economics
Within this framework contract with the European Commisssion DG TAXUD specific economic studies in the area of taxation will
be commissioned. WIFO has the lead of a consortium which consists of CASE (Poland), Copenhagen Economics (Denmark/International),
IEB (Spain), Ifo (Germany), PwC (Belgium/International) and VATT (Finland).
Study by: Austrian Institute of Economic Research – Copenhagen Economics – AFC Consulting Group AG (DE) – IDEA Consult – Public Policy and Management Institute – Danish Technological Institute – Ipsos
Study by: Austrian Institute of Economic Research – Masaryk University Brno
Supported by: Austrian Science Fund
This project uses the rich historic experience of repeated large-scale and unexpected economic (dis-)integrations at the Austrian-Czech
border to test the predictions of economic geography models of regional development. In particular we analyse the impact of
these dis-integration events on regional development: first, in both Austria and the Czech Republic so that we focus on two
countries which for a substantial part of the period analysed were characterised by rather different political regimes and
huge differences in incomes and costs, that additionally changed over time; second, for a large set of (dis-)integration episodes
that span a period of almost a century so that we compare different (dis-)integration events, that took place at different
points in time at which the considered countries differed substantially in income levels and institutions; third, with respect
to many potential adjustments (such as population and employment and unemployment growth as well as firm entry and exit) that
will inform future research on the mechanisms through which the regional economic effects of integration operate.
Study by: Austrian Institute of Economic Research – ECORYS Holding BV
Commissioned by: European Commission
Framework Contract with DG TAXUD with reopening of competition for the provision evaluation and impact assessment-related
services. WIFO is part of a consortium, led by ECORYS.
In the 2021-2027 programming period there is an enhanced focus on the development of human capital as part of the smart specialisation
process and under ESIF funding. As background to a future analysis on the 2021-2027 programming period, an understanding of
funding allocations for skills development related to territorial smart specialisation domains in the previous 2014-2020 programming
period is needed. In a recent project, the JRC-WIFO database was used to identify ERDF-funded projects that are relevant for
HESS. Building on this, the aim of this project is to advance this analysis to ESF-funded projects.
Supported by: Anniversary Fund of the Oesterreichische Nationalbank
Study by: Austrian Institute of Economic Research
Closed: 2022
Current research on US monetary policy shocks has improved identification of these shocks considerably. Research on euro area
monetary policy has not yet incorporated these methodological advancements; identification is either weak or based on strong
assumptions. We adopt the new approaches and sharpen inference on the macroeconomic and financial market effects of ECB monetary
policy. In a first step, vector autoregressive models are estimated with Bayesian methods and monetary policy shocks are identified
by means of sign restrictions. In a next step, identification is strengthened along two recently proposed dimensions: first,
by applying sign restrictions also to the systematic component of monetary policy (Arias et al., 2016) and secondly, by exploiting
narrative information on large reduced-form residuals (Antolin-Diaz & Rubio-Ramirez, 2016). We will not only estimate models
for the euro area as a whole, but also for small euro area countries, including Austria. By employing a block exogenous framework,
we duly take into account the specificity of the euro area as a monetary union of sovereign countries. We will not only present
sample-averaged results by means of impulse response analysis and forecast error variance decompositions, but we will focus
in particular on time series ("historical") decompositions. We will also apply them to new data in order to quantify in a
timely manner the effects of the exit from the zero interest rate environment, which is to be expected over the project horizon.