Government Fiscal and Real Economy Responses to the Crises: Automatic Stabilisers versus Automatic Stabilisation

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This paper looks at the discretionary fi scal and real economy support measures introduced by EMU Member States in response to the crises. The analyses build on a data base assembled by the Commission on individual crises response measures with a view to survey the implementation of the European Eco...

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Autores principales: Fischer, Jonas, Justo, Isabelle
Formato: Artículo revista
Lenguaje:Inglés
Publicado: Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba. 2010
Materias:
automatic stabilisers
European Economic Recovery Programme (EERP)
budget
discretionary policies
E6
H2
H3
H6
estabilizadores automáticos
Plan Europeo de Recuperación Económica (PERE)
presupuesto
políticas discrecionales
Acceso en línea:https://revistas.unc.edu.ar/index.php/REyE/article/view/3869
Aporte de:
Revistas de la UNC de Universidad Nacional de Córdoba
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record_format ojs
institution Universidad Nacional de Córdoba
institution_str I-10
repository_str R-10
container_title_str Revistas de la UNC
language Inglés
format Artículo revista
topic automatic stabilisers
European Economic Recovery Programme (EERP)
budget
discretionary policies
E6
H2
H3
H6
estabilizadores automáticos
Plan Europeo de Recuperación Económica (PERE)
presupuesto
políticas discrecionales
E6
H2
H6
H3
spellingShingle automatic stabilisers
European Economic Recovery Programme (EERP)
budget
discretionary policies
E6
H2
H3
H6
estabilizadores automáticos
Plan Europeo de Recuperación Económica (PERE)
presupuesto
políticas discrecionales
E6
H2
H6
H3
Fischer, Jonas
Justo, Isabelle
Government Fiscal and Real Economy Responses to the Crises: Automatic Stabilisers versus Automatic Stabilisation
topic_facet automatic stabilisers
European Economic Recovery Programme (EERP)
budget
discretionary policies
E6
H2
H3
H6
estabilizadores automáticos
Plan Europeo de Recuperación Económica (PERE)
presupuesto
políticas discrecionales
E6
H2
H6
H3
author Fischer, Jonas
Justo, Isabelle
author_facet Fischer, Jonas
Justo, Isabelle
author_sort Fischer, Jonas
title Government Fiscal and Real Economy Responses to the Crises: Automatic Stabilisers versus Automatic Stabilisation
title_short Government Fiscal and Real Economy Responses to the Crises: Automatic Stabilisers versus Automatic Stabilisation
title_full Government Fiscal and Real Economy Responses to the Crises: Automatic Stabilisers versus Automatic Stabilisation
title_fullStr Government Fiscal and Real Economy Responses to the Crises: Automatic Stabilisers versus Automatic Stabilisation
title_full_unstemmed Government Fiscal and Real Economy Responses to the Crises: Automatic Stabilisers versus Automatic Stabilisation
title_sort government fiscal and real economy responses to the crises: automatic stabilisers versus automatic stabilisation
description This paper looks at the discretionary fi scal and real economy support measures introduced by EMU Member States in response to the crises. The analyses build on a data base assembled by the Commission on individual crises response measures with a view to survey the implementation of the European Economic Recovery Programme (EERP). The paper first provides a broad overview of the types of crises-related measures taken, including broad estimates of their budgetary dimension. On this basis it appears that on an aggregate level, the discretionary support has been in line with agreed principles of being timely, temporary and targeted. Member States with restricted fi scal space has overall taken a more restrictive stance than those with more room of manoeuvre. The paper then looks at how these discretionary measures complement the "automatic" budget  tabilisation. It appears that, in budgetary terms, about half of the discretionary measures add to the areas already covered by automatic stabilisers while the other half address other areas such as investments, industrial sectors and vulnerable groups particularly hit by the crises. The overall experience may suggest that it has been helpful with agreed ex-ante principles for how discretionary stimuli should be provided and that the provision of discretionary stimulus under such conditionality can work to strengthen the budgetary stabilisation capacity in a flexible way.
publisher Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba.
publishDate 2010
url https://revistas.unc.edu.ar/index.php/REyE/article/view/3869
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