Dr. Karina Doorley:

Absolutely, we are talking about indexation of the welfare and taxation systems, all the monetary parameters in the tax and welfare systems but also the indirect tax system, for example, excise duties and things like that. It is a very global concept. Most countries do not do the whole thing. In Europe, it is mainly indexation of welfare parameters that happens but in the US and Canada they also index the tax system using the same index.