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However, the value of social insurance clearly rises in a recession, and its role as an automatic macroeconomic stabilizer also becomes more important.
Similar(59)
The first-term agenda was macroeconomic stability.
National macroeconomic stability was seen as sufficient for international macroeconomic stability.
Can fiscal policy promote macroeconomic stability?
By automatically injecting additional resources and reducing taxes during recessions, UI acts as an automatic stabilizer that moderates the magnitude of economic downturns, thus providing important macroeconomic effects.
Or take macroeconomic policy.
First, macroeconomic policy.
Macroeconomic policies are sound.
Macroeconomic trends should help.
Plouffe and Daley, macroeconomic theorists!
Macroeconomic Effects of Fiscal Consolidation".
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