THE ROLE OF THE AUTOMATIC STABILIZERS IN MODERN ECONOMY

Stevan. Luković
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Stevan. Luković: University of Kragujevac, Faculty of Economics

No 2014-01, Ekonomika, Journal for Economic Theory and Practice and Social Issues from „Ekonomika“ Society of Economists, Niš (Serbia)

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: Personal income tax; Corporate income tax; Unemployment benefits; Social Protection; Income redistribution (search for similar items in EconPapers)
JEL-codes: H20 H29 H62 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2014-04
New Economics Papers: this item is included in nep-pbe
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Persistent link: https://EconPapers.repec.org/RePEc:esb:casprv:2014-117

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