ESTIMATION OF SLOVAK FISCAL POLICY MODEL USING BAYESIAN APPROACH

被引：0
|
作者：
Horvat, Peter [1 ,2 ]
Koenig, Brian [1 ]
Ostrihon, Filip [1 ,2 ]
机构：
[1] Univ Econ Bratislava, Fac Business Informat, Dept Operat Res & Econometr, Dolnozemska 1-B, Bratislava 85235, Slovakia
[2] Slovak Acad Sci, Inst Econ Res, Bratislava 81105, Slovakia
来源：
PROCEEDINGS OF THE INTERNATIONAL CONFERENCE QUANTITATIVE METHODS IN ECONOMICS MULTIPLE CRITERIA DECISION MAKING XVII | 2014年
关键词：
fiscal policy; estimation; Slovakia; Bayesian method; DSGE;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In the following paper a new Keynesian model is considered for the conditions of Slovak economy, which captures various tools and features of fiscal policy. Among these tools are various tax rate settings for consumption, income, capital and labour as well as government spending through subsides and public procurement. Further the model incorporates nominal and real rigidities such as habit formation, Calvo prices and wages. The model is intended to allow analysis of the impact of the tax rate shocks on the burdened agents, by the taxes, as well as aggregate output, consumption, employment and behaviour of the government, maintaining balanced public finance. To ascertain relevance, the model is estimated by Bayesian techniques according to historical data.
引用
收藏
页码：62 / 70
页数：9
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