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dc.contributor.authorDolls, Mathiasen_US
dc.contributor.authorFuest, Clemensen_US
dc.contributor.authorPeichl, Andreasen_US
dc.date.accessioned2009-10-28en_US
dc.date.accessioned2010-07-07T12:06:51Z-
dc.date.available2010-07-07T12:06:51Z-
dc.date.issued2009en_US
dc.identifier.piurn:nbn:de:101:1-20090825491en_US
dc.identifier.urihttp://hdl.handle.net/10419/36204-
dc.description.abstractThis 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 US. In the case of an unemployment shock 48 per cent 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 23 to 32 per cent in the EU and 19 per cent in the US. There is large heterogeneity within the EU. Automatic stabilizers in Eastern and Southern Europe are much lower than in Central and Northern European countries. We also investigate whether countries with weak automatic stabilizers have enacted larger fiscal stimulus programs. We find no evidence supporting this view.en_US
dc.language.isoengen_US
dc.publisherForschungsinst. zur Zukunft der Arbeit Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 4310en_US
dc.subject.jelE32en_US
dc.subject.jelE63en_US
dc.subject.jelH2en_US
dc.subject.jelH31en_US
dc.subject.ddc330en_US
dc.subject.keywordAutomatic stabilizationen_US
dc.subject.keywordeconomic crisisen_US
dc.subject.keywordliquidity constraintsen_US
dc.subject.keywordfiscal stimulusen_US
dc.subject.stwEingebauter Stabilisatoren_US
dc.subject.stwSteuersystemen_US
dc.subject.stwSozialtransferen_US
dc.subject.stwWirtschaftskriseen_US
dc.subject.stwKonjunkturpolitiken_US
dc.subject.stwVergleichen_US
dc.subject.stwUSAen_US
dc.subject.stwEU-Staatenen_US
dc.subject.stwEU-Staaten (Osteuropa)en_US
dc.titleAutomatic stabilizers and economic crisis: US vs. Europeen_US
dc.typeWorking Paperen_US
dc.identifier.ppn60942579Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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