Amaglobeli, David; Jaramillo Echeverri, Laura; Karnane, … - 2019
This paper examines the role of tax policy reforms in enhancing fiscal shock smoothing in a panel of 13 OECD economies …, significantly enhance the ability of fiscal policy to mitigate the impact of growth shocks on disposable income. We find that the … of the tax system are important channels through which tax reforms affect fiscal stabilization …