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Social Protection as an Automatic Stabilizer
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - 2010
This paper analyzes the effectiveness of social protection systems in Europe and the US to provide (income) insurance … income shock and 47% of an idiosyncratic unemployment shock in Europe, compared to 32% and 34% in the US. There is large … heterogeneity within Europe with stabilization being much lower in Eastern and Southern than in Central and Northern Europe. Our …
Persistent link: https://www.econbiz.de/10010331444
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The Transatlantic Banking Crisis: Lessons and EU Reforms
Welfens, Paul J. J. - 2009
The key dynamics of the transatlantic banking crisis are analyzed - with emphasis on the fact that the banking disaster of 2007/08 was not really a surprise -, and the five key requirements for restoring stability and efficiency in the EU/OECD banking sector are highlighted. Most important,...
Persistent link: https://www.econbiz.de/10010331377