IDEAS home Printed from https://ideas.repec.org/a/wfo/repoau/y2022i3.html

How Austria Got Through the Crisis and What to be Done Now

Author

Listed:
  • Gabriel Felbermayr

    (WIFO)

Abstract

In the last two years, economic policy in Austria has been dominated by the COVID-19 crisis. Concerning its pandemic re-sponse, compared to its international peers, Austria ranks only average, both in terms of excess mortality and economic loss-es. While the pandemic situation is still acute, economic policy must nonetheless refocus on structural issues that are decisive for long-term prosperity. This article highlights some aspects of the COVID-19 crisis and offers some thoughts on the transfor-mation of the energy system and the reform of labour market institutions. The proactive design of both policy areas will be crucial for the country's successful economic future.

Suggested Citation

  • Gabriel Felbermayr, 2022. "How Austria Got Through the Crisis and What to be Done Now," WIFO Reports on Austria, WIFO, issue 3, February.
    • Handle: RePEc:wfo:repoau:y:2022:i:3
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/69422
    File Function: abstract
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Rainer Eppel & Marian Fink & Helmut Mahringer, 2016. "Die Wirkung zentraler Interventionen des AMS im Prozess der Vermittlung von Arbeitslosen," WIFO Studies, WIFO, number 59029, June.
    2. Rainer Eppel & Thomas Horvath & Helmut Mahringer, 2018. "Das Aussetzen von Beschäftigungsverhältnissen als betriebliche Strategie zum Ausgleich von Schwankungen des Personalbedarfs. Ein Update," WIFO Monatsberichte (monthly reports), WIFO, vol. 91(11), pages 799-810, November.
    3. Rainer Eppel & Thomas Horvath & Helmut Mahringer, 2018. "Das Aussetzen von Beschäftigungsverhältnissen als betriebliche Strategie zum Ausgleich schwankenden Personalbedarfs. Ein Update," WIFO Studies, WIFO, number 61245, June.
    4. Daron Acemoglu & Robert Shimer, 1999. "Efficient Unemployment Insurance," Journal of Political Economy, University of Chicago Press, vol. 107(5), pages 893-928, October.
    5. Alois Guger & Käthe Knittler & Markus Marterbauer & Margit Schratzenstaller-Altzinger & Ewald Walterskirchen, 2008. "Analyse alternativer Finanzierungsformen der sozialen Sicherungssysteme," WIFO Studies, WIFO, number 37521, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Isabella Buber‐Ennser & Ingrid Setz & Bernhard Riederer, 2024. "Not Even a Pandemic Makes Them Change Their Family Plans: The Impact of COVID‐19 on Fertility Intentions in Austria," Population and Development Review, The Population Council, Inc., vol. 50(S1), pages 277-302, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gabriel Felbermayr, 2022. "Wie Österreich durch die Krise kam und was nun zu tun ist," WIFO Monatsberichte (monthly reports), WIFO, vol. 95(1), pages 3-14, January.
    2. Rainer Eppel & Ulrike Famira-Mühlberger & Thomas Horvath & Ulrike Huemer & Helmut Mahringer, 2018. "Anstieg und Verfestigung der Arbeitslosigkeit seit der Wirtschaftskrise. Entwicklung, Ursachen und Handlungsansätze," WIFO Studies, WIFO, number 62227, June.
    3. Julia Bock-Schappelwein & Christine Mayrhuber & Andrea Egger-Subotitsch & Gabriele Schmied, 2021. "Kombilohnmodelle europäischer Länder. Vergleich und Adaption während der COVID-19-Pandemie," WIFO Studies, WIFO, number 69138, June.
    4. Rainer Eppel & Ulrike Huemer & Helmut Mahringer, 2020. "Unternehmensmonitor Arbeitslosigkeit. Die Rolle der Unternehmen bei der Bekämpfung der Arbeitslosigkeit," WIFO Studies, WIFO, number 66642, June.
    5. Julia Bock-Schappelwein & Rainer Eppel & Ulrike Huemer & Walter Hyll & Helmut Mahringer, 2020. "Abgeschwächter Arbeitsmarktaufschwung 2019 und der COVID-19-Schock im Frühjahr 2020," WIFO Monatsberichte (monthly reports), WIFO, vol. 93(5), pages 363-375, May.
    6. Martin B. Hackmann & Jörg Heining & Roman Klimke & Maria Polyakova & Holger Seibert, 2025. "Health Insurance as Economic Stimulus? Evidence from Long-Term Care Jobs," NBER Working Papers 33429, National Bureau of Economic Research, Inc.
    7. Andreas Pollak, 2008. "Optimal Unemployment Insurance with Variable Skill Levels," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 164(4), pages 696-726, December.
    8. Pica Giovanni, 2010. "Capital Markets Integration and Labor Market Institutions," The B.E. Journal of Macroeconomics, De Gruyter, vol. 10(1), pages 1-57, March.
    9. Raj Chetty, 2005. "Why do Unemployment Benefits Raise Unemployment Durations? Moral Hazard vs. Liquidity," NBER Working Papers 11760, National Bureau of Economic Research, Inc.
    10. Sergio Ocampo & Juan Herreño, 2023. "The Macroeconomic Consequences of Subsistence Self-Employment," University of Western Ontario, Departmental Research Report Series 20231, University of Western Ontario, Department of Economics.
    11. Nicola Pavoni & G. L. Violante, 2007. "Optimal Welfare-to-Work Programs," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 74(1), pages 283-318.
    12. Flórez, Luz A., 2017. "Informal sector under saving: A positive analysis of labour market policies," Labour Economics, Elsevier, vol. 44(C), pages 13-26.
    13. Manolis Galenianos & Philipp Kircher & Gábor Virág, 2011. "Market Power And Efficiency In A Search Model," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 52(1), pages 85-103, February.
    14. Tobias Laun, 2020. "Optimal Social Insurance with Endogenous Health," Scandinavian Journal of Economics, Wiley Blackwell, vol. 122(2), pages 464-493, April.
    15. Bruno Crépon & Muriel Dejemeppe & Marc Gurgand, 2005. "Counseling the unemployed: does it lower unemployment duration and recurrence?," Working Papers halshs-00590769, HAL.
    16. Rendon Sílvio, 2006. "Job Search And Asset Accumulation Under Borrowing Constraints ," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 47(1), pages 233-263, February.
    17. Yann Algan & Antoine Terracol, 2001. "L'influence de l'épargne de précaution sur la recherche d'emploi," Économie et Statistique, Programme National Persée, vol. 349(1), pages 63-76.
    18. Sachs, Andreas, 2010. "A Bayesian approach to determine the impact of institutions on the unemployment rate," ZEW Discussion Papers 10-058, ZEW - Leibniz Centre for European Economic Research.
    19. Coles, Melvyn G. & Eeckhout, Jan, 2003. "Indeterminacy and directed search," Journal of Economic Theory, Elsevier, vol. 111(2), pages 265-276, August.
    20. Ruud de Mooij, 2004. "Towards efficient unemployment insurance in the Netherlands," CPB Memorandum 100, CPB Netherlands Bureau for Economic Policy Analysis.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:repoau:y:2022:i:3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.