Examples of using Automatic stabilisers in English and their translations into Danish
{-}
-
Official
-
Financial
-
Colloquial
-
Medicine
-
Ecclesiastic
-
Official/political
-
Computer
I would like to say something briefly about automatic stabilisers.
Automatic stabilisers can, to some extent, play a positive role.
A major advantage of budgetary discipline is manifesting itself: room for automatic stabilisers.
When you talk about automatic stabilisers, it is already in the prognosis.
Please, Commissioner, do not tell me one more time that you have made afinancial stimulus of 4%, including automatic stabilisers.
The automatic stabilisers will be more effective if the slowdown is greater than anticipated.
We only have to look at the impact the automatic stabilisers have had in Europe in percentage terms.
The automatic stabilisers must, though, be applied by all, and comprehensively, when the economy as a whole is going through a slack period.
However, federal states in the US benefit from automatic stabilisers coming into play via the federal budget.
During the financial crisis I often heard both the Commission President andthe President of the European Council talk in praising terms of automatic stabilisers.
This policy is created automatically, insofar as the automatic stabilisers are allowed to operate.
Wherever possible, automatic stabilisers will have to operate fully, but we must also continue to make progress on reducing deficits.
The budgetary stimulus given to the European economy,if we include the automatic stabilisers in this, is now approaching 4% of European GDP.
In your report you refer to automatic stabilisers- and I do not believe that there is any great divergence between us on the analysis of this point.
I welcome also the statement by the Commissioner that governments will be able to use automatic stabilisers in the context of a slow-down in growth.
In the specific case of the automatic stabilisers, the element of flexibility is contained in the pact itself. I can state quite clearly that in no way are we amending any position.
Some others suggested a fiscal stimulus of 1%, and the European Commission came immediately tothe proposal of 1.5%, and in fact the automatic stabilisers were around 5.
The Stability and Growth Pact, by means of automatic stabilisers, has provided the Union with clear fiscal impetus.
The European Union is already doing a lot on this front: our overall fiscal effort,combining discretionary action and automatic stabilisers, is close to 4% of GDP.
Where budgetary scope is available, automatic stabilisers can contribute to the smoothing of cyclical economic fluctuations.
The overall stimulus this offers represents, as was agreed, 1.5% of GDP,but, if you include its automatic stabilisers, it comes to 3.3% of the EU's GDP.
This triggered what economists call the automatic stabilisers, which is the social protection provided for in welfare states.
Moreover, for many of these countries, this is the first slowdown since the first oil shock in 1973 in which the automatic stabilisers have been able to work fully.
The fiscal authorities have also announced their intention to allow automatic stabilisers to work should growth deviate from the budget projections set out in the Updated Swedish Convergence Programme.
However, some people now fear that an all-too-heavy focus on the labourcosts factor in the Euro Plus Pact could too greatly limit the leeway for these automatic stabilisers to operate.
I would say that the pact has worked well, that the automatic stabilisers have allowed us to adopt an expansionary fiscal stance.
We can allow the automatic stabilisers to stop working in most of our economies now that there is less growth because of the volatile pressures in the financial markets or the sharp slow-down in the United States.
Governments that have consolidated have sufficiently wide budgetary margins for the automatic stabilisers to be brought into effect at a time when State revenue is falling.
Given that its automatic stabilisers are not as extensive as ours in Europe, the total sum of direct stimuli plus automatic stabilisers means that similar support is being given on both sides of the Atlantic.
This means price stability, reduction of risk premiums,reduction of interest rates, fully operative automatic stabilisers and, in short, better investment opportunities in terms of investor confidence.