Front Matter

Copyright Page

IMF Country Report No. 21/134

THE SLOVAK REPUBLIC

SELECTED ISSUES PAPER

This paper on the Slovak Republic was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on June 7, 2021.

June 2021

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Title page

SLOVAK REPUBLIC

SELECTED ISSUES

June 7, 2021

Approved By

European Department

Prepared by Mariano Spector and Laura Valderrama

Contents

  • THE SLOVAK AUTO SECTOR DURING THE PANDEMIC AND BEYOND: MODEL BASED EVIDENCE

  • A. Introduction

  • B. The Impact of the Pandemic

  • C. Reorganization of Supply Chains

  • D. Conclusion

  • References

  • ANNEX

  • I. Model Setup

  • MACROPRUDENTIAL POLICY CALIBRATION IN SLOVAKIA

  • A. The Context

  • B. The Policy Response

  • C. The Model

  • D. Stress Test Results

  • E. Counterfactual Macroprudential Policy Simulations

  • F. Policy Implications

  • References

  • ANNEX

  • I. A Structural Model to Measure Mortgage Risk

  • FIGURES

  • 1. Cross-Sector Comparison of European Supply Chain Lengths

  • 2. The Auto Industry Across European Countries

  • 3. Change in Slovak Auto Sector GVA by Source of Shock

  • 4. Exposure to Changes in Trade Patterns

Slovak Republic: Selected Issues
Author: International Monetary Fund. European Dept.