Automatic stabilisers (Dolls,Fuest & Peichl)

“Automatic stabilisers and the economic crisis in Europe and the US” by Mathias Dolls, Clemens Fuest and Andreas Peichl. The article concludes: ” Our results suggest that social transfers, in particular the rather generous systems of unemployment insurance in Europe, play a key role in the stabilisation of disposable incomes and explain a large part of the difference in automatic stabilisers between Europe and the US.”See: