Showing 1 - 5 of 5
The current debt crisis has given rise to a debate about deeper fiscal integration in Europe. The view is widespread that moving towards a 'fiscal union' would have a stabilising effect in the event of macroeconomic shocks. In this paper we study the economic effects of introducing two elements...
Persistent link: https://www.econbiz.de/10011279239
This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...
Persistent link: https://www.econbiz.de/10005015490
This paper investigates to what extent the tax and transfer systems in Europe protect households at different income levels against losses in current income caused by economic downturns like the present financial crisis. We use a multi country micro simulation model to analyse how shocks on...
Persistent link: https://www.econbiz.de/10008506088
südeuropäischen Ländern bedeutend geringer als in Mittel- und Nordeuropa. Deutschland liegt bei der Einkommensstabilisierung in beiden … Kreditbeschränkungen in wohlhabenden Ländern wie Deutschland keine so große Rolle spielen. …
Persistent link: https://www.econbiz.de/10008550505
This paper analyzes the effectiveness of social protection systems in Europe and the US to provide (income) insurance against macro level shocks in terms of automatic stabilizers. We find that automatic stabilizers absorb 38% of a proportional income shock and 47% of an idiosyncratic...
Persistent link: https://www.econbiz.de/10008680887