Bargain, Olivier; Dolls, Mathias; Fuest, Clemens; … - Saïd Business School, Oxford University - 2012
distribution of income as well as their impact on automatic fiscal stabilisers. We find that replacing one third of the national … countries. These effects depend on income levels and the structures of the existing national tax and transfer systems. The EU … cent of a macroeconomic income shock. Introducing a fiscal equalisation system based on taxing capacity would redistribute …