Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - In: Perspektiven der Wirtschaftspolitik 11 (2010) 2, pp. 132-145
income shock in the EU, compared to 32 percent in the US. In the case of an unemployment shock 48 percent of the shock is … absorbed in the EU, compared to 34 percent in the US. Under the assumption that only credit constrained households adjust … stabilization of 26 to 35 percent in the EU and 19 percent in the US. There is large heterogeneity within the EU. Automatic …