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: | Philipp Engler, Simon Voigts, Robert Kirchner, Oleksandra Betliy |
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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 |
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