Economic Impact of the Recent Decrease in Social Security Contributions in Ukraine
Social security contributions paid by firms were massively reduced in January 2016. We employ a state-of-the-art DSGE model to assess the effects of this measure on output, private consumption, and other key macroeconomic variables. We find that it significantly boosts GDP and consumption while redu...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
National Bank of Ukraine
2016-09-01
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| Series: | Visnyk of the National Bank of Ukraine |
| Subjects: | |
| Online Access: | https://journal.bank.gov.ua/en/article/2016/237/02 |