We analyze how the combined effect of automatic stabilizers and discretionary changes in tax-benefit systems have … 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 …

We analyze how the combined effect of automatic stabilizers and discretionary changes in tax-benefit systems have … 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 …

We analyze how the combined effect of automatic stabilizers and discretionary changes in tax-benefit systems have … 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 …

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 …

We analyze how the combined effect of automatic stabilizers and discretionary changes in tax-benefit systems have … 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 …

We analyze how the combined effect of automatic stabilizers and discretionary changes in tax-benefit systems have … 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 …

We analyze how the combined effect of automatic stabilizers and discretionary changes in tax-benefit systems have … 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 …