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Wie wirken die automatischen Stabilisatoren in der Wirtschaftskrise? Deutschland im Vergleich mit der EU und den USA
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2009
Europäischen Union und in den USA in der aktuellen Wirtschaftskrise. Dazu werden zwei Szenarien simuliert: erstens ein … absorbiert werden, verglichen mit 32 % in den USA. Im Fall des Beschäftigungsschocks ist der Unterschied zwischen Europa und den … USA deutlich größer: 48 % in der EU und lediglich 34 % in den USA. Unter der Annahme, dass nur die Nachfrage …
Persistent link: https://www.econbiz.de/10008550505
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Automatic Stabilizers and Economic Crisis: US vs. Europe
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2009
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
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A Note on Automatic Stabilizers in Austria: Evidence from ITABENA
Hofer, Helmut; Hanappi, Tibor; Müllbacher, Sandra - Austrian Center for Labor Economics and the Analysis of … - 2012
In the Great Recession market income of the households in Austria has been reduced and unemployment increased. In this paper we examine the impact of automatic stabilizers on cushioning such income losses. We use ITABENA, an Austrian tax-benefit model, to analyze how shocks on market income and...
Persistent link: https://www.econbiz.de/10010535920
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Automatic Stabilizers and Economic Crisis: US vs. Europe
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - Cologne Graduate School in Management, Economics and … - 2010
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/10008739300
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Automatic Stabilizers, Economic Crisis and Income Distribution in Europe
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2010
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
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Automatic Stabilization and Fiscal Policy: Some Quantitative Implications for Latin America and the Caribbean
Espino, Emilio; Rozada, Martín González - Inter-American Development Bank - 2012
This paper provides an estimation of the size of income and demand automatic stabilizers in a representative sample of Latin American and Caribbean (LAC) countries. The authors find that when a negative unemployment shock hits the economy, the size of income and demand automatic stabilizers...
Persistent link: https://www.econbiz.de/10010655023
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Automatic stabilizers and economic crisis: US vs. Europe
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - In: Journal of Public Economics 96 (2012) 3, pp. 279-294
This paper analyzes the effectiveness of the tax and transfer systems in the EU and the US to provide income insurance through automatic stabilization in the recent economic crisis. We find that automatic stabilizers absorb 38% of a proportional income shock in the EU, compared to 32% in the US....
Persistent link: https://www.econbiz.de/10010574275
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Social Protection as an Automatic Stabilizer
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2010
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
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Public debt and aggregate risk.
Desbonnet, Audrey; Kankanamge, Sumudu - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2007
This paper assesses the optimal level of public debt in a new framework where aggregate fluctuations are taken into account. Agents are subject to both aggregate and idiosyncratic shocks and the market structure prevents them from perfectly insuring against the risk. We find that the optimal...
Persistent link: https://www.econbiz.de/10005696782
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Fluctuations macroéconomiques et dette publique
Kankanamge, Sumudu; Desbonnet, Audrey - Université Paris-Dauphine (Paris IX) - 2008
This paper considers the impact of macroeconomic fluctuations on the optimal level of public debt. Households are subject to both aggregate and idiosyncratic risk and insurance market imperfectness prevents them from from fully insuring against risk. We find that the optimal level of public debt...
Persistent link: https://www.econbiz.de/10010707703