Automatic Stabilizers and Economic Crisis: US vs. Europe
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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 US.
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美国国家经济研究局创建时间：
2010-08-01
