Automatic Stailization - Argument for the Reduction of Discretionary Measures in Public Policies

Alina Ailincă ()

Social-Economic Debates, 2019, vol. 8, issue 1, 1-12

Abstract: Fiscal and monetary policy can play an important role in stabilizing the economies of the world, especially during the crisis, but this implies, in particular, discretionism, irreversibility and time discrepancies of implementation. Generally, with reference to the automatic tax stabilizer, the concept of automatic stabilizer is increasingly being rumored amid increased mistrust in discretionary macroeconomic policy to combat or at least mitigate the effects of the global economic and financial crisis. Therefore, this article aims to increase the understanding of the advantages of non-discretionism in public policies, providing a series of arguments in favor of increasing non-discretionaryism in monetary and/or fiscal-budgetary policies.

Keywords: Macroeconomic policies; automatic stabilizers; discretionary stabilization mechanisms (search for similar items in EconPapers)
JEL-codes: D78 E63 H30 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:sdb:social:v:8:y:2019:i:1:p:1-12

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