Pregled bibliografske jedinice broj: 650555
Stabilization effects of fiscal policy in Croatia
Stabilization effects of fiscal policy in Croatia // Young Economist Seminar, 19th DEC
Dubrovnik, Hrvatska, 2013. (predavanje, međunarodna recenzija, neobjavljeni rad, znanstveni)
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Naslov
Stabilization effects of fiscal policy in Croatia
Autori
Grdović Gnip, Ana
Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, neobjavljeni rad, znanstveni
Skup
Young Economist Seminar, 19th DEC
Mjesto i datum
Dubrovnik, Hrvatska, 11.06.2013. - 14.06.2013
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
fiscal policy; fiscal multiplier; spending shock; tax shock; SVAR; Croatia
Sažetak
The aim of this paper is to assess the stabilization effects of fiscal policy in Croatia in a structural vector autoregression framework as proposed by Blanchard and Perotti (2002). Empirical studies of fiscal policy effects show that results are contradictory and do not unanimously agree, except for one fact: a positive government spending shock has a positive effect on output. This study inspects the effects of government spending and tax shocks on a set of macroeconomic variables (output, prices, interest rates, private consumption, private investment, employment and wages). Results prove that the transmission mechanism in Croatia works mainly in a Keynesian manner. Output reacts negatively to a tax shock and positively to government spending shock. The negative effect of the tax shock is mostly driven by indirect (not direct) taxes, while the positive effect of a government spending shock is mostly influenced by government consumption (not government investment).
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
POVEZANOST RADA
Projekti:
145-0000000-2592 - Koliko države ili kakav sustav javnih financija treba Hrvatskoj u 21. stoljeću?
303-0000000-2592 - Koliko države ili kakav sustav javnih financija treba Hrvatskoj u 21. stoljeću? (Krtalić, Sandra, MZOS ) ( CroRIS)
Ustanove:
Sveučilište Jurja Dobrile u Puli
Profili:
Ana Grdović Gnip
(autor)