Tourism as an Automatic Stabilizer

2014 ◽  
Vol 80 (3) ◽  
pp. 5
Author(s):  
Jean-Pierre Laffargue
Keyword(s):  
Automatic Stabilizer

scholarly journals The Role of Employment Protection during an Exogenous Shock to an Economy

2011 ◽  
Vol 11 (2) ◽  
pp. 1850225 ◽  
Author(s):  
Miki Malul ◽  
Mosi Rosenboim ◽  
Tal Shavit ◽  
Shlomo Yedidia Tarba
Keyword(s):  
Economic Crisis ◽  
Employment Protection ◽  
Exogenous Shock ◽  
Unemployment Rates ◽  
World Crisis ◽  
Automatic Stabilizer ◽  
Medium Level ◽  
Using Data ◽  
The Stability

This paper explores the role of employment protection when powerful external crises reduce demand for products. We first present a theoretical framework that shows that employment protection has a U-shaped effect on abnormal unemployment during a negative exogenous shock to an economy. Using data from the 33 OECD countries, we analyze how the level of employment protection affected the stability of unemployment rates during the recent global economic crisis. The results suggest that countries with an intermediate level of employment protection will have more stable unemployment rates during a world crisis. The policy implication of our paper is that countries should seek a medium level of employment protection that may act as an automatic stabilizer of the economy on the macro level.

Eine Gabe an St. Nimmerlein? - Zur zeitlichen Dimension der Schuldenbremse

2010 ◽  
Vol 11 (3) ◽  
pp. 246-259 ◽  
Author(s):  
Friedrich Heinemann
Keyword(s):  
Disposable Income ◽  
The European Union ◽  
Northern European ◽  
Current Economic Crisis ◽  
Automatic Stabilizer ◽  
The Us ◽  
Income Shock ◽  
Large Heterogeneity ◽  
Automatic Stabilizers ◽  
The Eu

AbstractThis paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We consider two scenarios: a proportional income shock and a shock on employment which increases the rate of unemployment.We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 48 per cent of the shock is absorbed in the EU, compared to 34 per cent in the US. Under the assumption that only credit constrained households adjust current spending on consumption goods to current disposable income, the cushioning of disposable income leads to a demand stabilization of 26 to 35 per cent in the EU and 19 per cent in the US. There is large heterogeneity within the EU. Automatic stabilizers in Eastern and Southern Europe are much lower than in Central and Northern European countries. With respect to income stabilization, Germany is above the European average for both scenarios. Demand stabilization in Germany is weaker because the number of liquidity constrained households is below the EU average.

scholarly journals Procyclical Debt as Automatic Stabilizer

2019 ◽  
Vol 18 (1) ◽  
pp. 81-102
Author(s):  
Dennis Wesselbaum
Keyword(s):  
Automatic Stabilizer

The Research of Automobile Automatic Stabilizer Bar Control System and Test Platform

2012 ◽  
Vol 591-593 ◽  
pp. 1289-1294
Author(s):  
Han Zhao ◽  
Hao Sun ◽  
Yong Kai Feng ◽  
Wei Xia Zhang
Keyword(s):  
Control System ◽  
Physical Simulation ◽  
Ride Comfort ◽  
Lateral Acceleration ◽  
Displacement Sensor ◽  
Angle Sensor ◽  
Laboratory Environment ◽  
Automatic Stabilizer ◽  
Test Platform ◽  
Executive Mechanism

In connection with the problems that the automobile passive stabilizer bar can’t reflect the road conditions in real time and it is difficult to simultaneously meet the requirements of ride comfort and manipulation stability, this paper describes a kind of control system and test platform of the automobile automatic stabilizer bar. The control system uses speed sensor, steering angle sensor, roll angle sensor, lateral acceleration sensor and displacement sensor to simulate a variety of vehicle’s real driving conditions in the laboratory environment. According to the formulated control strategy, the microcontroller will send different instructions to make the executive mechanism act reasonably and in time. Then the test platform is established in the laboratory environment by the method of semi-physical simulation. The system can be designed according to the different needs of the vehicle and ensures the vehicle’s safety and comfort to the maximum.

Mathematical Model of Synchronous Generator without Damper Windings which is Equipped with an Automatic Stabiliser

2015 ◽  
Vol 792 ◽  
pp. 56-61
Author(s):  
Yu.N. Isaev ◽  
V.A. Kolchanova ◽  
S.S. Tarasenko
Keyword(s):  
Synchronous Generator ◽  
Spatial Distance ◽  
Synchronous Generators ◽  
Stator Windings ◽  
Transient Regimes ◽  
Integrated Environment ◽  
Space Technique ◽  
Automatic Stabilizer ◽  
Damper Windings ◽  
Automatic Stabiliser

The models of the synchronous generator for calculating the steady-state and transient regimes including the transients of stator windings of generator without damper windings have been presented. The ability to use different mathematical approximations of the generator models depending on the spatial distance of the disturbance point has been shown. The examples of the generator models without damper windings which is equipped with an automatic stabilizer have been given. To determine the currents and voltages as functions of time the state-space technique and Park – Gorev transformation have been used. Solutions are obtained by means of the program called integrated environment MathCAD Runge-Kutta method.It is possible to use these models in networks containing synchronous generators and also for the design of objects containing generators.

scholarly journals Leaning against the Bubble: Central Bank Intervention in Walrasian Asset Markets

Risks ◽  
2021 ◽  
Vol 9 (12) ◽  
pp. 214
Author(s):  
Chia-Lin Chang ◽  
Jukka Ilomäki ◽  
Hannu Laurila
Keyword(s):  
Central Bank ◽  
Asset Price ◽  
Market Price ◽  
Market Model ◽  
Asset Markets ◽  
Central Bank Intervention ◽  
Risky Assets ◽  
Automatic Stabilizer ◽  
Negative Effect ◽  
Prediction Coefficient

The paper presents a two-period Walrasian financial market model composed of informed and uninformed rational investors, and noise traders. The rational investors maximize second period consumption utility from the payoffs of trading risk-free holdings to risky assets in the first period. The central bank reacts directly to asset price movements by selling or buying assets to stabilize the market price. It is found that the intervention makes the risky asset’s market price per share less sensitive to information shocks, which presses the market price towards its average price thus reducing price variance. The informed investors’ prediction coefficient remains unaffected, but that of the uninformed investors is magnified, which cancels out the negative effect on shock sensitivity thus keeping the expected value of the risky asset’s dividend constant. Finally, the introduction of the policy rule does not affect rational investors’ risk per share. A general conclusion is that the central bank’s policy can be regarded as an effective automatic stabilizer of financial markets.

Sign in / Sign up

Export Citation Format

Share Document