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Publikováno v:
MNB Bulletin; Oct2011, p15-27, 13p
Autor:
G, Kátay
Publikováno v:
Orvosi hetilap. 111(32)
Publikováno v:
Economic Modelling. 75:441-457
We present a general-equilibrium behavioural microsimulation model designed to assess long-run macroeconomic, fiscal and distributional consequences of tax and benefit reforms in a small open economy. We apply the model to reforms adopted in Hungary
Publikováno v:
SSRN Electronic Journal.
The paper assesses the impact of adding information on financial cycles on the output gap estimates for eight advanced economies using two unobserved components models: a reduced form extended Hodrick-Prescott filter, and a standard semi-structural u
Autor:
Péter Harasztosi, Gábor Kátay
Publikováno v:
Journal of Banking & Finance. 113:105739
The paper investigates firms’ willingness to match the currency composition of their assets and liabilities. Using detailed information at the loan contract level for the Hungarian non-financial corporate sector, the paper provides strong evidence
Autor:
Gábor Kátay
Publikováno v:
The Scandinavian Journal of Economics. 118:105-128
Implicit contract models imply that it is Pareto optimal for risk-neutral firms to provide insurance to risk-averse workers against shocks. Using a matched employer–employee dataset, I evaluate wage responses to both permanent and transitory shocks
Autor:
Gábor Kátay, Kamil Galuscak
Publikováno v:
Economic Systems. 43:100701
This paper investigates the extent to which cross-country differences in aggregate participation rates can be explained by differences in tax-benefit systems. We take the example of two countries, the Czech Republic and Hungary, which – despite a l
Publikováno v:
MNB Bulletin. 6(3):15-27
In this study, using a new microsimulation model, we estimate the long-term fiscal and labour market effects of the changes to the tax and transfer system which were passed into law in 2010 and which are currently planned. According to our results, i
Publikováno v:
SSRN Electronic Journal.
This paper estimates the effect of income taxation and transfers on labour supply at the extensive margin, i.e., the labour force participation. We extend existing structural form methodologies by considering the effect of both taxes and transfers. N