Brunila, Anne; Buti, Marco; in't Veld, Jan - Suomen Pankki - 2002
automatic stabilisers are relatively powerful in the event of a shock to private consumption, but less so as regards shocks to … private investment and exports. In respect of supply side shocks, automatic stabilisers are largely ineffective, which may in … improving incentives and market functioning, do not stifle – and in fact could strengthen – the impact of automatic stabilisers. …