Smičiklasova 21
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Tel: + 385 1 4886 444
Fax: +385 1 4819 365

Think Tank Program
Published: June 19, 2015

The Institute of Public Finance is supporting the Think Tank Young Professional Development Program. The successful application may lead to a six month employment, during which the research focus will be within the fields of interest of the Institute of Public Finance and in line with requirements of the TTF program. The program is open to those who graduated with a PhD, LLM, or MA degree in the social sciences from high-quality universities in the OECD countries in the past three years. In accordance with the rules of the Call, the preferred candidates are persons returning to Croatia after studying abroad. Applications from the neighbouring countries may also be considered.

You may contact Irena Klemencic with further questions.

Croatian Institute of Immunology: where have things got stuck?
Published: June 10, 2015

In the Press Release titled Croatian Institute of Immunology: where have things got stuck?, Anto Bajo and Marko Primorac briefly analyse the Institute's financial position and the justifiability of its privatisation vs. remaining in the state's portfolio.

The new issue of the journal Financial Theory&Practice
Published: June 10, 2015

In the new issue of the journal Financial Theory and Practice you can read the paper by Artur ¦wistak, Sebastian Wawrzak and Agnieszka Alińska In pursuit of tax equity: lessons from VAT rate structure adjustment in Poland. The authors research distributive effect of changes in the structure of VAT rates in Poland introduced in 2011 and the effect of the reform in accomplishing distributive goals and efficiency of tax system in general. Ana Kundid Novokmet in the paper Cyclicality of bank capital buffers in South-Eastern Europe: endogenous and exogenous aspects empirically explores the direction, intensity and significance of endogenous and exogenous determinants of the changes in banks’ capital buffers in South-Eastern Europe. Mirna Dumičić in the paper Financial stress indicators for small, open, highly euroized countries: the case of Croatia constructs high-frequency composite indicators of financial stress for Croatia that will enable the monitoring of the total level of financial stress and its components on the domestic financial market. Ana Perišić and Vanja Wagner in the paper Development index: analysis of the basic instrument of Croatian regional policy critically review the methodology of the Croatian regional development index, revealing problems of multicollinearity and the existence of outliers and providing usefull guidelines for their improvement. Anto Bajo reviews the book by Maja Vehovec O zdravstvu iz ekonomske perspektive.

You can order your copy of the new issue in the webshop.

Financial Report of the Croatian National Tourist Board without financial statements
Published: June 1, 2015

In the Press Release titled Financial Report of the Croatian National Tourist Board without financial statements, Anto Bajo comments on the Croatian National Tourist Board's 2014 Financial Report, discussed at the meetings of the Parliamentary Finance and Central Budget Committee and Tourism Committee on May 8, 2015.


Press Releases
In the Press Release titled A Fiscal Governance Improvement Plan for a future Croatian Government, Anto Bajo comments on the Convergence Programme of the Republic of Croatia for the Period 2015-2018, accepted by the Government at its session of April 30, 2015. The Programme envisages changes in budget planning, public debt management and expenditure control, necessary for adjustment to the European Semester.

Osnove upravljanja javnim dugom
Published: 2011
ISBN: 978-953-7613-47-1
Osnove upravljanja javnim dugom is a university textbook that deals with the understanding of the concept, structure and techniques of issuing public debt...
In Newsletter entitled Oil price developments and government budget revenues in Croatia, Petar Sopek and Ivan Škoc tried to clarify the impact of crude oil prices on the government budget revenues – from excise duties and VAT.  Compared to the average retail price from 2014, prices in March 2015 were still on average 10% lower. The analysis shows that lower fuel prices in the long run should not have a negative impact on the revenues of the government budget due to positive price elasticity of demand, the effect of redistribution of revenues from VAT and lower public sector own expenditures.

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