Working Papers
Working papers (WP) present main results of economic research and analyses of Národná banka Slovenska. They contribute to expert discussion about current economic problems in the fields of monetary policy, economic and monetary union, fiscal policy, macroeconomic models, real convergence and financial stability. Analyses and results outside the scope of the working paper series are published in the form of policy papers (PP) or occasional papers (OP). The research is usually conducted by Research Department staff, but contributions from other NBS departments or external co-authors are encouraged.
2010
Martin Filko, Stefan Kiss, Ludovit Odor a Matej Siskovic
DP 1/2010: Structural Policy Challenges in Slovakia (abstract, PDF 63 KB). Non-technical summary (PDF 402 KB). Full paper in Slovak: DP 1/2010: Ako sa najesť z grafov (10 receptov pre slovensku ekonomiku) (PDF, 2 000 KB)).
Keywords: Policies, Outcome Indicators, Well-being, Economic Growth
Tibor Lalinsky
OP 3/2010: Business Competitiveness after Euro Adoption in Slovakia (PDF, 985 KB).
Keywords: Business competitiveness, Impact of euro adoption
Maria Marcanova a Ludovit Odor
OP 2/2010: Quarterly fiscal database 1996-2006 (for analytical purposes) (abstract, PDF, 53 KB; full paper in Slovak: OP 2/2010: Kvartálna fiškálna databáza 1996-2006 (na analytické účely) (PDF, 1 590 KB)). Database (XLS , 207 KB).
Keywords: Revenues, Expenditures, General government, Budgetary classification, Acrual methodology
Michal Bencik
OP 1/2010: The Impact of the Total Factor Productivity on Wages and Unit Labor Costs (abstract, PDF, 32 KB; full paper in Slovak: Vplyv celkovej produktivity faktorov na mzdy a jednotkové náklady práce (PDF, 466 KB))
Keywords: Production function, TFP, Share of wages on value added
2009
Jan Zilinsky
WP 4/2009: What Determines Borrowing Costs of EU Countries (PDF, 1 000 KB )
Keywords: Public debt, Democratic capital, Long-term interest rates, Monetary unions, Financial crisis
Michal Horvath and Ludovit Odor
DP 2/2009: Making Fiscal Commitments Credible. Institutions for Responsible and Transparent Fiscal Policy in Slovakia(abstract, PDF, 61 KB; full paper in Slovak: Dobrá rada nad zlato? Inštitúcie pre zodpovednú a transparentnú fiškálnu politiku na Slovensku (PDF, 1 000 KB) )
Keywords: Fiscal rules, Fiscal council, Time inconsistency, Net worth
Judita Jurasekova Kucserova
DP 1/2009: Effects of Monetary Policy Shocks in Slovakia (PDF, 1 121 KB)
Keywords: Structural Shocks, Monetary Policy Transmission Mechanism, Sign Restrictions
Juraj Zeman and Matus Senaj
WP 3/2009: DSGE Model - Slovakia (PDF, 486 KB)
Keywords: General equilibrium model, Slovakia
Michal Bencik
WP 2/2009: The analysis of the effects of fiscal policy on business cycle - a SVAR application (abstract, PDF, 25 KB; full paper in Slovak: Analýza vplyvu fiškálnej politiky na hospodársky cyklus - aplikácia štruktúrneho VAR modelu (PDF, 442 KB))
Keywords: VAR model, structural shock, sign restrictions, fiscal shock
Judita Jurasekova Kucserova, Ludovit Odor, Matus Senaj and Juraj Zeman
PP 1/2009: Selected indicators of competitiveness: brief outline (PDF, 315 KB)
Michal Bencik
WP 1/2009: The equilibrium interest rate – theoretic concepts and applications (abstract, PDF, 72 KB; full paper in Slovak: Rovnovážna úroková miera - teoretické koncepty a aplikácie (PDF, 546 KB))
Keywords: equilibrium interest rate, IS curve, Ramsey model, Kalman filter
2008
Pavel Gertler and Matus Senaj
WP 7/2008: Downward Wage Rigidities in Slovakia (PDF, 400 KB)
Keywords: Nominal and real wage rigidity, Slovakia
Sandra Tatierska
WP 6/2008: ULC Dynamics of Euro Area Countries and SR in the Long Run (PDF, 608 KB)
Keywords: ULC, competitiveness, convergence, cointegration, VEC
Michal Bencik a Sandra Tatierska
WP 5/2008: The impact of the Euro introduction on banking sector (abstract, PDF, 20 kB; full paper in Slovak: Vplyv zavedenia eura na bankový sektor, PDF, 311 kB)
Keywords: Banking sector, balance sheet, profit, Euro adoption, openness
Maria Marcanova and Ludovit Odor
WP 4/2008: Effective aggregate tax burden in Slovakia (abstract, PDF, 27 kB; full paper in Slovak: Efektívne agregátne daňové zaťaženie v SR, PDF, 233 kB)
Keywords: Tax burden, tax freedom day, effective taxation, taxes
Tibor Lalinsky
WP 3/2008: Competitiveness Factors of Slovak Companies (abstract, PDF, 21 kB; full paper in Slovak: Faktory konkurencieschopnosti slovenských podnikov, PDF, 391 kB)
Keywords: Company competitiveness, SWOT analysis, questionnaire survey
Michal Bencik
WP 2/2008: Methods for Detecting Disequilibrium in the Real Economy of Slovak Republic (abstract, PDF, 17 kB; full paper in Slovak: Metódy detekcie nerovnováhy v reálnej ekonomike SR, PDF, 384 kB)
Keywords: Gross domestic product, output gap, filter, production function, VAR
Juraj Zeman and Pavol Jurca
WP 1/2008: Macro Stress Testing of the Slovak Banking Sector (PDF, 183 kB)
Keywords: Macro stress testing, Credit risk, Slovakia
2006
Suster, M., Arendas, M., Bencik, M., Gertler, P., Hajnovic, F., Kominkova, Z., Lalinsky, T., Nemec, M., Preisinger, D., Solanic, V., Strachotova, A., Tirpak, M., Tozser, T., Zeman, J
PP 1/2006: The Effects of Euro Adoption on the Slovak Economy. (PDF, 1.2 MB)
Keywords: euro adoption, euro, eurozone, ERM II, Big bang, dual pricing, dual circulation
1996-2004
Occasional papers elaborated by INSTITUTE OF MONETARY AND FINANCIAL STUDIES (former research oriented department of NBS) in years 1996 - 2004 are available here: IMFS papers