Phrases with «automatic stabilisers»

"Automatic stabilizers" are tools in the economy that kick in automatically to help stabilize it during periods of economic downturn or recession without the need for government intervention. They work by increasing government spending or reducing taxes in a downturn, which helps boost demand and counteract the negative effects of the economic slump. Similarly, they automatically decrease government spending or increase taxes during times of economic growth to prevent overheating and inflation. Think of them as the "automatic buttons" that the economy presses to balance itself out. Full definition

Sentences with «automatic stabilisers»

  • Setting a clear cost ceiling for public service pension schemes - the proportion of pensionable pay that taxpayers will contribute to employees» pensions - with automatic stabilisers to keep future costs under more effective control; (conservativehome.blogs.com)
  • High levels of unemployment have in turn generated an increase in public spending, mostly due to the kicking in of automatic stabilisers like unemployment benefits. (blog.politics.ox.ac.uk)
  • [90] The UK had significant automatic stabilisers which contributed far more than discretionary action and more than most other countries. (en.wikipedia.org)
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