Dolls, Mathias; Fuest, Clemens; Peichl, Andreas; … - 2019 - This version: December 17, 2019
affected the cushioning of income shocks in the Euro zone and the EU-27 in the period 2007-2014. We propose a new summary … much more restrictive. For the Euro zone as a whole, the share of income shocks absorbed by the tax and transfer system … stabilization effect was even negative in some years of the crisis, implying that the tax and transfer system amplified income …
