Tax Changes Effects on the Czech Economy

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F20%3A00117720" target="_blank" >RIV/00216224:14560/20:00117720 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.narodacek.cz/conference-proceedings-2020/" target="_blank" >https://www.narodacek.cz/conference-proceedings-2020/</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Tax Changes Effects on the Czech Economy

Popis výsledku v původním jazyce

Today, economies are struggling with the consequences and uncertainty caused by the pandemic of novel coronavirus. Economic subjects turn their attention to the government and ask for help. Government budgets will face a real challenge in the next years, due to current high demand for the spending and expected decline in income. This paper investigates the current condition of public finances in the Czech Republic and the possible effects on economy by decreasing direct taxes on labor and capital. Simple DSGE model of small and closed economy with 3 sectors is calibrated using data from 2018 and stochastic analysis is performed. It is shown that economy is more sensitive to the shocks on labor than on capital income taxes. Results support the tax reform of decreasing labor taxes for which Czechia is waiting for long time.

Název v anglickém jazyce

Tax Changes Effects on the Czech Economy

Popis výsledku anglicky

Today, economies are struggling with the consequences and uncertainty caused by the pandemic of novel coronavirus. Economic subjects turn their attention to the government and ask for help. Government budgets will face a real challenge in the next years, due to current high demand for the spending and expected decline in income. This paper investigates the current condition of public finances in the Czech Republic and the possible effects on economy by decreasing direct taxes on labor and capital. Simple DSGE model of small and closed economy with 3 sectors is calibrated using data from 2018 and stochastic analysis is performed. It is shown that economy is more sensitive to the shocks on labor than on capital income taxes. Results support the tax reform of decreasing labor taxes for which Czechia is waiting for long time.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2020

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the International Scientific Conference ECONOMIC AND SOCIAL POLICY

ISBN

9788087291276

ISSN

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e-ISSN

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Počet stran výsledku

11

Strana od-do

162-172

Název nakladatele

Vysoká škola PRIGO

Místo vydání

Ostrava

Místo konání akce

Trojanovice

Datum konání akce

1. 1. 2020

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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