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  • We derive a novel measure of household income stabilization and analyze how reforms of tax-benefit systems in the period 2007–2014 have affected the workings of automatic stabilizers in the EU-27. Our results reveal that the heterogeneity in automatic stabilizers across EU countries has become slightly smaller over the period under consideration. With a few exceptions, automatic stabilizers could operate freely in the early phase of the financial and economic crisis, but were constrained in several EU countries by subsequent fiscal consolidation measures. A comparison of our estimates of automatic stabilizers inherent in tax-benefit systems with macro measures such as changes in cyclically adjusted budget balances reveals that micro-based estimates provide more precise information about the degree of household income stabilization. (xsd:string)
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  • 2022 (xsd:gyear)
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  • 2022 (xsd:gyear)
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  • 10.1057/s41308-022-00162-y ()
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  • 420–450 (xsd:string)
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  • 2041417X ()
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  • Fiscal Consolidation and Automatic Stabilization: New Results (xsd:string)
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  • In IMF Economic Review, 70, 420–450, 2022 (xsd:string)
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  • European Union Statistics on Income and Living Conditions (EU-SILC) (xsd:string)
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  • 70 (xsd:string)