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Identification Criteria Of Automatic Stabilizers And Their Typological Classes

Author

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  • AILINCA, Alina Georgeta

    (Centre for Financial and Monetary Research “Victor Slavescu”, N.I.E.R., Romanian Academy, Bucharest, Romania)

Abstract

In the literature, but especially in practice, there are many public debates about the most effective way to manage different macroeconomic shocks and to improve the economic cycle. Many rely on discretionary macroeconomic policies, but there are increasingly intense discussions about the use of automatic tools. Therefore this article attempts to clarify what automatic stabilizers are, what could be the classification criteria and the typologies of automatic stabilizers for a better design of these macroeconomic adjustment tools.

Suggested Citation

  • AILINCA, Alina Georgeta, 2018. "Identification Criteria Of Automatic Stabilizers And Their Typological Classes," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 6(1), pages 39-47, October.
    • Handle: RePEc:vls:rojfme:v:6:y:2018:i:1:p:39-47
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    References listed on IDEAS

    as
    1. Cogan, John F. & Cwik, Tobias & Taylor, John B. & Wieland, Volker, 2010. "New Keynesian versus old Keynesian government spending multipliers," Journal of Economic Dynamics and Control, Elsevier, vol. 34(3), pages 281-295, March.
    2. Hüseyin SEN & Ayse KAYA, 2013. "The Role of Taxes as an Automatic Stabilizer: Evidence from Turkey," Economic Analysis and Policy, Elsevier, vol. 43(3), pages 303-313, December.
    3. Fabian Bornhorst & Annalisa Fedelino & Jan Gottschalk & Gabriela Dobrescu, 2011. "When and How to Adjust Beyond the Business Cycle? A Guide to Structural Fiscal Balances," IMF Technical Notes and Manuals 11/02, International Monetary Fund.
    4. Fabian Bornhorst & Ms. Annalisa Fedelino & Jan Gottschalk & Miss Gabriela Dobrescu, 2011. "When and How to Adjust Beyond the Business Cycle? A Guide to Structural Fiscal Balances," IMF Technical Notes and Manuals 2011/002, International Monetary Fund.
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    More about this item

    Keywords

    automatic stabilisers; output smoothing; economic cycle;
    All these keywords.

    JEL classification:

    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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