Tax Reduction Effects on Slovak Economy in 2004

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F15%3A00093453" target="_blank" >RIV/00216224:14560/15:00093453 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Tax Reduction Effects on Slovak Economy in 2004
Original language description
This paper examines the simple DSGE model of small and closed economy split into 3 sectors (household, firms and government) to challenge the relevance of model for fiscal policy. Reduction effects of Slovak tax reform in 2004 are investigated as the model is calibrated for the situation of Slovak economy in 2003. Stochastic analysis confirms the overall positive effects of reform that is in general considered as successful. It is shown that economy is more sensitive to the shocks on labor than on capital income taxes. Results are in line with expectations and theory and we can see that consumption and investments react in opposite way. Simulated impulse response function is found in data after the tax reform and therefore the DSGE model is confirmed as suitable tool for fiscal policy.
Czech name
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Czech description
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Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
5th International Scientific Conference TAXES IN THE WORLD
ISBN
9788090540514
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
51-60
Publisher name
Ostrava : European Association Comenius - EACO
Place of publication
Vienna
Event location
Vienna
Event date
Jan 1, 2015
Type of event by nationality
CST - Celostátní akce
UT code for WoS article
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