-region transfer multipliers are not large, suggesting only modest gains in regional stabilization from US federal automatic …

The debate about the use of fiscal instruments for macroeconomic stabilization has regained prominence in the aftermath … States, has often been a reference. This paper enhances our knowledge about the degree of macroeconomic stabilization … particular, we investigate the relative importance and stabilization impact of the federal system of unemployment benefits and of …

Geldpolitik von Fragen der Finanzstabilität abgekoppelt werden. …