government's commitment to stabilization. We rationalize these findings through a general equilibrium New Keynesian model …

An important body of literature explores the political economy reasons underlying delays in macroeconomic stabilization … developing country set-up where the government employs seigniorage revenue to finance spending pre-stabilization, and faces … fiscal and balance of payments problems that necessitate stabilization with a step devaluation. The presence of exchange rate …

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 …