Veld, Jan; Larch, Martin; Vandeweyer, Marieke - In: Open Economies Review 24 (2013) 1, pp. 147-163
of automatic stabilisers is crucial. While automatic stabilisers are a fairly established concept in the fiscal policy … opinion mirror a deeper disagreement over how the budget would look like without automatic stabilisers. This issue is … counterfactual budget, i.e. the budget without automatic stabilisers, is defined. Copyright European Union 2013 …