The functioning of automatic stabilisers

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Presentation transcript:

The functioning of automatic stabilisers Eurogroup 1 October 2018

High income stabilisation, but large differences across countries % of income that is absorbed Note: The income stabilisation coefficient measures the percentage share of disposable income, which is absorbed by a country’s tax and benefit system following an economic shock. Source: European Commission (2017), Report on Public Finances in EMU, p. 103; joint work with JRC Seville.

For a given size of the government automatic stabilisers could be enhanced * Note: Size of government is measured by the expenditure to GDP ratio. Source: Own illustration.

How can automatic stabilisers play freely? Euro area Source: European Commission 2018 spring forecast.

Thank you