fiscal drag and the extent to which government policies have offset it, either through indexation or other reforms. Our …

fiscal drag and the extent to which government policies have offset it, either through indexation or other reforms. Our …

fiscal drag and the extent to which government policies have offset it, either through indexation or other reforms. Our …

States adopted a series of exceptional fiscal policy measures. In this paper, we turn our focus on wage indexation schemes, a …-order) fiscal and distributional impact of wage indexation and of its two main subsequent effects, fiscal drag and benefit erosion … budgetary impact of wage indexation varies widely among European countries. Interestingly, we also observe that in most …