Tax Reduction Effects on Slovak Economy in 2004

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Tax Reduction Effects on Slovak Economy in 2004

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Tax Reduction Effects on Slovak Economy in 2004

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

5th International Scientific Conference TAXES IN THE WORLD

ISBN

9788090540514

ISSN

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e-ISSN

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Počet stran výsledku

10

Strana od-do

51-60

Název nakladatele

Ostrava : European Association Comenius - EACO

Místo vydání

Vienna

Místo konání akce

Vienna

Datum konání akce

1. 1. 2015

Typ akce podle státní příslušnosti

CST - Celostátní akce

Kód UT WoS článku

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