Examples of using Automatic stabilizers in English and their translations into German
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Economists call these cyclical fiscal boosts''automatic stabilizers.
These“automatic stabilizers” plug part of the private-sector spending gap.
All economists agree that we should allow the automatic stabilizers to work.
Automatic stabilizers in Eastern and Southern Europe are much lower than in Central and Northern European countries.
Interestingly, Eastern and Southern European coun- tries are characterized by rather low automatic stabilizers.
Automatic stabilizers may not kick in across the global economy, which means that policies need to be coordinated.
This is theusual way of modeling shocks in simulation studies analyzing automatic stabilizers.
He warns that without proper automatic stabilizers, a monetary union can only deliver sub-optimal results, and may not even be sustainable.
Finally, Poland needs sound public finances- that is,fiscal space for automatic stabilizers during economic crises.
The traditional'automatic stabilizers' in mature federations and unitary countries were judged inappropriate as a model for the Community on a number of grounds.
More progressive income taxation will also help stabilize the economy,through what economists call“automatic stabilizers.”.
This will allow the automatic stabilizers to work, where appropriate, over the whole business cycle without breaching the 3 per cent reference value for the deficit.
Europe, with much higher levels of social insurance and taxation,has correspondingly stronger automatic stabilizers than does the United States or Japan.
In other words, even without the automatic stabilizers- that is, if the economy had been at full employment in 2008-2010- the US budget deficit still would have increased by 3.2% of GDP.
In particular during this current economic crisis,the European welfare and social model with its"automatic stabilizers" has time and again proven to be a rescue anchor.
Firm policy intervention and the automatic stabilizers embedded in European welfare systems have limited the economic and social impact of the worst recession in decades.
Such a shock-absorption mechanism would provide a cushion against adversedevelopments in the Member States to a similar degree as automatic stabilizers do, for example, in the USA.
While undoubtedly mitigating the impact of the crisis, Europe's“automatic stabilizers” are now said to be enough to ensure recovery, despite strong evidence to the contrary.
The programme foresees further improvements in the government surplus, thereby widening the safety margin,thus allowing room for the operation of the fairly large Danish automatic stabilizers.
Fifth, the higher the unemployment rate goes,the wider budget deficits will become, as automatic stabilizers reduce revenue and increase spending for example, on unemployment benefits.
America's automatic stabilizers-�the progressivity of our tax systems, the strength of our welfare system- have been greatly weakened, but they will provide some stimulus, as the expected fiscal deficit soars to 10% of GDP.
He concludes that it is possible with welltargeted labor market policies to strengthen automatic stabilizers without necessarily harming the underlying incentive structure for work and job search.
Without automatic stabilizers or a strong financial-stability framework underpinned by deposit insurance, coping with the downside risks of the potentially destabilizing financial reforms that the government is pursuing will be difficult enough; a credit shock could prove disastrous.
In other words,the authorities are faced with the dual task of managing the normal automatic stabilizers but with an added element; namely the provision of fiscal transfers to the east.
The automatic stabilizers, together wilh FMK 1.2 billion of new spending on employment-enhancing measures, lead to an increase in net central government borrowing of FMK 3.6 billion, or 0.6% of GDP this was anticipated in the convergence programme update of 3 September 1996, which targeted a general government deficit of 2.9% of GDP in 1996.
According to the CBO, less than half of the 5.7%-of-GDP increase in the budgetdeficit was the result of the economic downturn, as the automatic stabilizers added 2.5% of GDP to the rise in the deficit between 2008 and 2010.
Ministers also recognisedthe important role social policies had as automatic stabilizers during the crisis and emphasized the need to foster the creation of more and better jobs in the recovery and beyond for more inclusive labour markets.
Better yet,if much of the next round of stimulus is devoted to automatic stabilizers- such as compensating for the shortfall in state revenues- then if the economy does recover, the spending will not occur.
It is however conceivable that, within the limits of their room for manoeuvre, the Member States might be able to activate the automatic stabilizers in order to encourage growth and new jobs, although such a policy temporarily makes it more difficult to follow the budget-deficit convergence criterion even if such a criterion has not been cast aside.
The CBO analysis calls the changes in thebudget deficit induced by cyclical conditions“automatic stabilizers,” on the theory that the revenue decline and expenditure increase(mainly for unemployment benefits and other transfer payments) caused by an economic downturn contribute to aggregate demand and thus help to stabilize the economy.
