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Automatic stabilizers and economic crisis : US vs. Europe

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - 2010

income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 47 percent of the shock are … absorbed in the EU, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … up to 30 per cent in the EU and up to 20 per cent in the US. There is large heterogeneity within the EU. Automatic …

Persistent link: https://www.econbiz.de/10008654956

The Greek crisis and the future of the eurozone

De Grauwe, Paul - In: Intereconomics : review of European economic policy 45 (2010) 2, pp. 89-93

Persistent link: https://www.econbiz.de/10009659537

A mechanism of self-destruction of the eurozone

De Grauwe, Paul - In: Intereconomics : review of European economic policy 45 (2010) 6, pp. 343-346

Persistent link: https://www.econbiz.de/10009663812

European monetary unification : a few lessons for East Asia

De Grauwe, Paul - In: Scottish journal of political economy : the journal of … 63 (2016) 1, pp. 7-17

Persistent link: https://www.econbiz.de/10011459573

Automatic stabilization and discretionary fiscal policy in the financial crisis

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - In: IZA journal of labor policy 1 (2012), pp. 1-19

of 19 EU countries and the US, and discretionary fiscal stimulus packages passed by these countries during the recent …

Persistent link: https://www.econbiz.de/10009687338

Toward a sustainable Eurozone

De Grauwe, Paul; Ji, Yuemei - In: Economic globalization and governance : essays in honor …, (pp. 121-138). 2021

We argue that the various proposals aimed at stabilizing the Eurozone using financial engineering do not eliminate the inherent instability of the sovereign bond markets in a monetary union. During crises, this instability becomes systemic and no amount of financial engineering can stabilize an...

Persistent link: https://www.econbiz.de/10012310791