Galeano, Luciana; Izquierdo, Alejandro; Puig, Jorge; … - National Bureau of Economic Research - 2021
cyclical behavior of automatic government spending, which comprises unemployment insurance, family programs, and social … be either countercyclical (especially unemployment insurance and other shock absorber programs) or acyclical … lack of automatic stabilizers like unemployment insurance and (ii) more intriguingly, the existence of perverse automatic …