pandemic. Using data on COVID cases, three containment and two stabilization measures relative to the euro area counterparts …

The theory and practice of stabilization policy has taken many turns as it evolved over the past century, oscillating … macroeconomic stability. This paper reviews the turbulent history of stabilization policy, highlighting the close interaction …

sector, diminishing the effectiveness of fiscal policy as a stabilization tool. We construct a novel dataset that combines …

This paper analyses the magnitude of automatic income and demand stabilization in EU Member States between 2011 to 2019 …. Our analysis finds that automatic income stabilization in 2019 averaged 41.3 percent at the EU level, with considerable … variation among Member States. While the extent of stabilization is similar across income groups within countries, the source of …