The Crisis, Automatic Stabilisation, and the Stability Pact

This paper develops a comprehensive description of recent trends on the effectiveness of automatic stabilisers in the European Union, using both macro evidence on the cyclical sensitivity of budget deficits to economic activity and micro evidence on the tax and expenditure profi les. We conclude tha...

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Bibliographic Details
Main Authors: Creel, Jérome, Saraceno, Francesco
Format: Online
Language:eng
Published: Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba. 2010
Subjects:
Online Access:https://revistas.unc.edu.ar/index.php/REyE/article/view/3871