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László Halpern

Senior research fellow and deputy director, IEHAS

László Halpern is senior research fellowand deputy director of IEHAS. He is a research fellow at the Centre for Economic Policy Research (CEPR) and recurrent visiting professor at the Central European University. He has written widely on exchange rate theory, central and eastern European exchange rate policies, macroeconomic stabilisation theory, enterprise behaviour and international trade. He has advised different Hungarian governmental agencies. He has participated in numerous international research projects supported by the European Commission.

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Still standing: how European firms weathered the crisis - The third EFIGE policy report

This report is part of the EFIGE project  and makes use of the data collected during 2009, a especially turbulent time for European firms. It provides fascinating conclusions showing for example that despite a synchronised, substantial macro-economic shock, the response of firms across Europe was rather diverse, with some of them managing to fare very well in the hardest hit industries and regions. The stylised facts presented in this report are important to bear in mind at a time when Europe is heading for another severe downturn.

By: Gábor Békés, László Halpern, Miklós Koren and Balázs Muraközy Topic: Digital economy and innovation, Macroeconomic policy Date: December 22, 2011