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  • 标题:Dynamic effects of fiscal policy and fiscal multipliers in Croatia
  • 本地全文:下载
  • 作者:Šimović, Hrvoje ; Deskar-Škrbić, Milan
  • 期刊名称:Zbornik radova Ekonomskog fakulteta u Rijeci, Časopis za ekonomsku teoriju praksu
  • 印刷版ISSN:1331-8004
  • 出版年度:2013
  • 卷号:31
  • 期号:1
  • 页码:55-78
  • 出版社:University of Rijeka Faculty of Economics
  • 摘要:The aim of this paper is to analyze the effects of discretionary measures of fi scal policy on the economic activity and to estimate the size of fi scal multipliers in Croatia. Econometric framework is based on the structural VAR model (SVAR), with Blanchard-Perotti identifi cation method that uses information on institutional characteristics of fi scal system. The analysis is conducted on quarterly data for total expenditures and indirect taxes of central, central consolidated and general consolidated government and aggregate demand for the period from 2004-2012. The results show that our initial assumptions about the difference in the size of the multiplier of government expenditures and indirect tax revenues between three levels of government consolidation have been confi rmed.
  • 关键词:Fiscal policy; fiscal multipliers; SVAR; Croatia
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