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cent of a macroeconomic income shock. Introducing a fiscal equalisation system based on taxing capacity would redistribute …
Persistent link: https://www.econbiz.de/10009545267
cent of a macroeconomic income shock. Introducing a fiscal equalisation system based on taxing capacity would redistribute …
Persistent link: https://www.econbiz.de/10009667120
cent of a macroeconomic income shock. Introducing a fiscal equalisation system based on taxing capacity would redistribute …
Persistent link: https://www.econbiz.de/10009564390
disposable income after a specific shock. The approach is based on the national account identity of household disposable income … household market income, automatic stabilisers in 23 OECD countries are found to offset on average around 60% of the shock on … economic variable and the specific shock scenario analysed. …
Persistent link: https://www.econbiz.de/10012420959
proportional income shock 46 percent of the shock will be absorbed by automatic stabilizers in Austria. For the unemployment shocks …
Persistent link: https://www.econbiz.de/10011345880
This paper describes recent trends on the effectiveness of stabilisers in the European Union. Using both macro evidence on the cyclical sensitivity of budget deficit to economic activity and micro evidence on the tax and expenditure profiles, we conclude, in agreement with the recent literature,...
Persistent link: https://www.econbiz.de/10013112386
Tax-benefit policies affect household incomes through two main channels: discretionary policy changes and automatic stabilisers. Although a large body of literature has studied the impact of tax-benefit policy changes on incomes, little is known about the link between automatic stabilisers and...
Persistent link: https://www.econbiz.de/10011926124
We analyze how the combined effect of automatic stabilizers and discretionary changes in tax-benefit systems have affected the cushioning of income shocks in the Euro zone and the EU-27 in the period 2007-2014. We propose a new summary measure of the combined effect of automatic stabilizers and...
Persistent link: https://www.econbiz.de/10012438995
We analyze how the combined effect of automatic stabilizers and discretionary changes in tax-benefit systems have affected the cushioning of income shocks in the Euro zone and the EU-27 in the period 2007-2014. We propose a new summary measure of the combined effect of automatic stabilizers and...
Persistent link: https://www.econbiz.de/10012164214
We analyze how the combined effect of automatic stabilizers and discretionary changes in taxbenefit systems have affected the cushioning of income shocks in the Euro zone and the EU-27 in the period 2007-2014. We propose a new summary measure of the combined effect of automatic stabilizers and...
Persistent link: https://www.econbiz.de/10012154947