Fiscal Response to the COVID-19 Shock in Croatia (CROSBI ID 73180)
Prilog u knjizi | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Banić, Frane ; Deskar-Škrbić, Milan ; Šimović, Hrvoje
engleski
Fiscal Response to the COVID-19 Shock in Croatia
In this paper, we analyse the effects of the COVID-19 shock on fiscal developments in Croatia. In the first part of the paper, we analyse the effects of adverse economic developments and discretionary policy measures on different (structural) fiscal indicators. In addition, we evaluate the evolution of fiscal space in Croatia before and during the COVID-19 crisis. In the second part of the paper, we analyse the policy response to this exogenous shock by fiscal policy makers and compare the size and structure of instruments used with other EU countries. Our analysis shows that fiscal policy makers in Croatia relied primarily on the so-called direct “above-the-line” fiscal measures and that fiscal response in Croatia was powerful in local terms but relatively modest compared to other EU countries.
fiscal policy ; COVID-19 crisis ; Croatia
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Podaci o prilogu
35-49.
objavljeno
10.1007/978-3-030-99850-9_3
Podaci o knjizi
Real and Financial Sectors in Post-Pandemic Central and Eastern Europe
Olgić Draženović, Bojana ; Buterin, Vesna ; Suljić Nikolaj, Stella
Cham: Springer
2022.
978-3-030-99850-9