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@inproceedings{1420713,
author = {Konôpková, Zlatica},
address = {Split},
booktitle = {Proceedings of the 7th EACO International Scientific Conference},
editor = {David Barton},
keywords = {tax reduction; Slovakia; DSGE; labour; capital},
howpublished = {tištěná verze "print"},
language = {eng},
location = {Split},
isbn = {978-80-905405-3-8},
pages = {55-61},
publisher = {European Association Comenius - EACO},
title = {Reducing Taxes in Slovakia},
year = {2017}
}
TY - JOUR
ID - 1420713
AU - Konôpková, Zlatica
PY - 2017
TI - Reducing Taxes in Slovakia
PB - European Association Comenius - EACO
CY - Split
SN - 9788090540538
KW - tax reduction
KW - Slovakia
KW - DSGE
KW - labour
KW - capital
N2 - The Slovak government has to cope with the consequences of the global financial crisis. In addition aging population brings down the working population and predicts an increase in spending on the social and health system. Consolidation of the public sector is therefore a key task for the government and politicians. This paper examines the effects of negative shock into the labour and capital income tax for Slovakia in 2014 using simple DSGE model of small and closed economy with 3 sectors. Stochastic analysis confirms the overall positive effects of decreasing direct taxes. It is shown that economy is more sensitive to the shocks on labour 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.
ER -
KONÔPKOVÁ, Zlatica. Reducing Taxes in Slovakia. In David Barton. \textit{Proceedings of the 7th EACO International Scientific Conference}. Split: European Association Comenius - EACO, 2017, p.~55-61. ISBN~978-80-905405-3-8.
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