Studies

Too old for high debt: Fiscal limits and ageing in Slovakia
  • 26. 6. 2026
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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)
  • 22. 8. 2023
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Employment Effects of Income Tax Reforms: Lessons from Slovakia
Fundamental income tax reforms are usually justified by or opposed because of large employment implications. The employment gains and losses are supposed to originate from various behavioural and dynamic effects of tax reforms over the medium to long term.
  • 6. 11. 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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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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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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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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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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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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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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