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How do automatic stabilizers work and what is their role in supporting the economy during an economic downturn? This video introduces us to a new concept called rules-based fiscal stimulus, which is inspired by an automatic stabilizer but even more powerful in providing macroeconomic stabilization during recessions.
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This IMF looks at the notion of automatic stabilisers, and gives some examples, although I think that the original definition of the term could be slicker - stressing the counter-cyclical nature of the measure up front.Â