Working papers

inflatory_shock
The impact of unexpected inflationary shock in 2022 and 2023 on the welfare of families: The case of Slovakia
  • 29. 11. 2023
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Yeti_2023
Closer to Finding Yeti (Rethinking the output gap methodology through the lens of fiscal policy stance plausibility)
  • 23. 8. 2023
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Vplyv reforiem daňovo-odvodového systému na zamestnanosť
V štúdii RRZ 3/2019 skúmame vplyv reforiem daňovo-odvodového systému na zamestnanosť. Vplyv na zamestnanosť je podľa našich zistení nízky aj v prípade simulovaných reforiem, ktoré zásadne menia motiváciu jednotlivcov pracovať a zároveň sú fiškálne neutrálne.
  • 6. 11. 2019
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Fiscal Limits – The Mirror Does Not Lie
Cieľom našej najnovšej štúdie je objasniť prepojenie medzi fiškálnymi politikami vlády, fiškálnym limitom a rizikovou prirážku krajiny, a to v kontexte dlhodobých projekcií citlivých na starnutie populácie a väčších výkyvov v hospodárskom cykle krajiny.
  • 27. 3. 2019
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Tracking the Course of the Economy (Nowcasting of basic macroeconomic indicators of Slovakia)
Real GDP and its structure are available within 70 days after the end of the reference quarter. By using leading indicators of higher frequency, it is possible to nowcast GDP in real-time.
  • 29. 1. 2019
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Optimal Sovereign Debt: Case of Slovakia
This study exploits the trade-off between government debt as an asset that can be used for self- insurance against idiosyncratic income shocks and the distortions on labor and capital supply created by taxes needed to finance debt.
  • 9. 11. 2018
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The Evaluation of Fiscal Consolidation Strategies
In this paper, we present a framework and perform an assessment of different fiscal consolidation strategies both on the revenue as well as on the expenditure sides of the budget in the context of Slovakia.
  • 11. 9. 2018
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Evaluating the Aggregate Effects of Tax and Benefit Reforms
The paper introduces a new way of linking microsimulation models with dynamic general equilibrium frameworks to obtain an evaluation of the impact of detailed tax and benefit measures on the aggregate economy.
  • 6. 4. 2018
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Sovereign Default Risk and Debt Limits: Case of Slovakia
We use a sovereign default model developed by Hatchondo et al. (2015) to study the implications of adopting constitutional debt limits.
  • 20. 4. 2017
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Labour Force Participation Elasticities: the Case of Slovakia
This paper provides a microeconometric analysis of extensive margin labour force participation elasticities in Slovakia. Using a fully parametric framework, a probability model for participation in labour force is estimated.
  • 22. 6. 2016
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The End of the Flat Tax Experiment in Slovakia
The paper provides a quantitative assessment of the consequences of departing from a flat-tax system in the context of Slovakia.
  • 13. 10. 2015
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To Work or Not to Work? Updated Estimates of Labour Supply Elasticities
This paper provides a revised microeconometric analysis of extensive margin labour supply elasticities in Slovakia.
  • 13. 5. 2015
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Is the Maastricht debt limit safe enough for Slovakia?
We study the interactions among fiscal policy, fiscal limits and sovereign risk premia. The fiscal limit, which measures the government’s ability to service its debt, arises endogenously from dynamic Laffer curves and is a random variable.
  • 11. 5. 2015
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Fiscal Adjustment in Slovakia: Findings from a Medium-Scale Econometric Model
Alternative fiscal consolidation strategies are examined in the context of a medium-scale econometric model estimated on Slovak data.
  • 5. 5. 2015
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