Microsimulation Tools for the Evaluation of Fiscal Policy Reforms at the Banco De España

45 Pages Posted: 6 Oct 2017

See all articles by Olympia Bover

Olympia Bover

Banco de España - Research Department; Centre for Economic Policy Research (CEPR)

Jose Maria Casado

Banco de España

Esteban García-Miralles

Banco de España

J. Maria Labeaga Azcona

Universidad Nacional de Educacion a Distancia (UNED) - Faculty of Economics

Roberto Ramos Magdaleno

Banco de España

Date Written: October 6, 2017

Abstract

This paper presents the microsimulation models developed at the Banco de España for the study of fiscal reforms, describing the tool used to evaluate changes in the Spanish personal income tax and also the one for the value added tax and excise duties. In both cases the structure, data and output of the model are detailed and its capabilities are illustrated using simple examples of hypothetical tax reforms, presented only to illustrate the use of these simulation tools.

Keywords: microsimulation, Spain, personal income tax, value added tax, excise duties

JEL Classification: C81, D12, H20

Suggested Citation

Bover, Olympia and Casado, Jose Maria and García-Miralles, Esteban and Labeaga Azcona, José Maria and Ramos Magdaleno, Roberto, Microsimulation Tools for the Evaluation of Fiscal Policy Reforms at the Banco De España (October 6, 2017). Banco de Espana Occasional Paper No. 1707. Available at SSRN: https://ssrn.com/abstract=3048727 or http://dx.doi.org/10.2139/ssrn.3048727

Olympia Bover (Contact Author)

Banco de España - Research Department ( email )

Alcala 50
28014 Madrid
Spain
+34 91 338 5979 (Phone)
+34 91 338 5678 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Jose Maria Casado

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

Esteban García-Miralles

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

José Maria Labeaga Azcona

Universidad Nacional de Educacion a Distancia (UNED) - Faculty of Economics ( email )

Calle Senda del Rey, 11
28040 Madrid
Spain
+34 91 398 7811 (Phone)
+34 91 398 6339 (Fax)

Roberto Ramos Magdaleno

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

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