By the same authors

Evaluating the Aggregate Effects of Tax and Benefit Reforms

Research output: Working paper


  • Michal Horvath
  • Matus Senaj
  • Zuzana Siebertova
  • Norbert Svarda
  • Jana Valachyova


Publication details

DatePublished - Apr 2018
PublisherCouncil for Budget Responsibility, Slovakia
Number of pages32
Original languageEnglish

Publication series

NameWorking Papers
PublisherCouncil for Budget Responsibility, Slovakia


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. The approach involving polynomial approximation to aggregated output from behavioural microsimulation permits the solution for the long-run steady state and the transition path in one numerical simulation of the dynamic aggregate economy. The practical usefulness of the approach is demonstrated by evaluating actual and hypothetical tax reforms in the context of Slovakia.

    Research areas

  • microsimulation, general equilibrium, unemployment, labour supply elasticity, tax and benefit policy


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