AUTOMATIC STABILIZERS AND FISCAL REFORMS

Alina Ailincă ()

Journal of Financial and Monetary Economics, 2018, vol. 6, issue 1, 32-38

Abstract: In the context of recent economic and financial crises, it is increasingly the question of using a rapid and a more effective macroeconomic tool to stabilize national, regional or global economic activity. In this sense, automatic stabilizers seem to be an increasingly popular solution both agreed by economic theory and by economic practice. The fiscal policy reforms, with better conceived expenditure and tax tools, are analyzed in literature and have usually an impact in raising long-term growth, but growth is usually fragile when disregards the inclusion effect. Thus, the article treats the delicate subject of fiscal reforms, economic growth and (automatic) stabilization tools in order to shed some light on the relationship between them.

Keywords: automatic stabilisers; fiscal reforms; smoothing the economic cycle (search for similar items in EconPapers)
JEL-codes: E63 H11 H30 (search for similar items in EconPapers)
Date: 2018
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