The Role of the Automatic Stabilizers in Modern Economy

Stevan Lukovic

Ekonomika, Journal for Economic Theory and Practice and Social Issues, 2014, vol. 60, issue 01

Abstract: Automatic stabilizers as a factor of cyclical fluctuations stabilization attract economists’ attention for several decades. This paper deals with the mechanisms through which automatic stabilizers influence economy and positive and negative effects on aggregate demand they can produce. It is common when discussing automatic stabilizers to put the accent on certain tax categories, such as personal income tax and corporate income tax, оr some public expenditures, such as unemployment benefits and social protection. Given that, here only fiscal stabilizers will be discussed, although some nonfiscal categories also demonstrate stabilizing impact.

Keywords: Consumer/Household; Economics (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ags:sereko:288681

DOI: 10.22004/ag.econ.288681

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