Discussion papers

Budgetary Traffic Lights
In this paper, we develop a framework to assess and communicate short-term risks to the general government budget.
  • 13. 12. 2018
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Expenditure imputation and microsimulation of VAT
In this paper, we document the development process of the microsimulation model for the analysis of the indirect value-added tax liabilities of households in Slovakia.
  • 19. 3. 2018
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What should we include in the Fiscal Space Review?
One of the most important tasks of independent fiscal institutions (IFIs) is to assess and communicate fiscal risks.
  • 28. 12. 2016
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Risk Premiums in Slovak Government Bonds
We study risk premiums in Slovak government bonds. We focus on the country-specific part of yields which we associate with the spread to overnight-indexed swaps.
  • 27. 6. 2016
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Fiscal Policy Matters: A New DSGE Model for Slovakia
The paper sets out a multiple-trend DSGE model designed, calibrated and estimated to match key stylized facts about the Slovak economy. The model includes a detailed fiscal policy block that allows a thorough analysis of fiscal policy measures and evaluate country’s fiscal policy credibility using interest rate spreads.
  • 27. 4. 2016
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SIMTASK: A Microsimulation model of the Slovak Tax-Benefit System
In this paper we introduce a microsimulation model of the Slovak tax and transfer system SIMTASK.
  • 18. 8. 2015
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Public Finance Baseline Scenario
This paper describes the construction of the baseline scenario for next 50 years.
  • 29. 4. 2015
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A Microsimulation model of the Slovak Tax-Benefit System
This paper sets out in detail a microsimulation model of the Slovak tax and transfer system that builds on the existing EUROMOD platform.
  • 13. 11. 2014
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Another Quiet Revolution?
There seems to be a fair degree of consensus that synergies between fiscal rules and independent fiscal institutions can be more effective in fighting the deficit bias or to follow more closely optimal policies.
  • 27. 10. 2014
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The Good, the Bad and the Ugly
Under substantial market pressure, policymakers have proposed a diverse set of far‐reaching changes to the basic European fiscal architecture.
  • 21. 5. 2014
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How to Measure Public Finance Consolidation
This discussion paper provides an overview of the analytical indicators used to evaluate fiscal policy in the short, medium and long term.
  • 14. 5. 2014
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Fiscal Risk Assessment at the CBR: A Conceptual Framework
To identify fiscal risk, the CBR uses a pragmatic approach by employing a set of models and indicators, quantitative and qualitative assessments organized in a coherent framework.
  • 15. 4. 2014
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How to evaluate the long-term sustainability of public finances?
This discussion paper outlines possible approaches to assessing long-term sustainability of public finances and presents the methodology and assumptions to be used in drawing up the first long-term sustainability report which will be published in December 2012.
  • 5. 11. 2012
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