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Results for The Prof. Dr. Marijan Hanžeković Trust award 2021
Published: January 13, 2022
The Prof. Dr. Marijan Hanžeković Trust announces the winners of the awards for the best scientific papers in 2021. In the regular category, the award goes to Ivana Rukavina for the article "Evaluation of macroeconomic outcomes and seven-year membership of Croatia in the European Union", and in the student category to Patrik Barišić and Tibor Kovač for the article "The effectiveness of the fiscal policy response to COVID-19 through the lens of short and long run labor market effects of COVID-19 measures".
Please join us at the award ceremony and presentation of the awarded works on Thursday, January 20 from 10:00 to 11:30 on the Zoom platform with mandatory registration at this link.
New issue of Public Sector Economics
Published: December 9, 2021

In the new special issue of Public Sector Economics Guest Editors Milan Deskar-Škrbić and Darjan Milutinović selected articles that provide analytical background for discussions on the economic and fiscal effects of the pandemic recession. Dubravko Mihaljek in the article Interactions between fiscal and monetary policies: a brief history of a long relationship compares and contrasts the policy mix in major economies during the pandemic recession with selected episodes from the past and its aftermath. Vladimir Arčabić and Frane Banić in the article Characteristics of fiscal policy in Croatia: does it depend on the phase of the business cycle? analyse fiscal policy cyclicality and debt sustainability. Lovorka Grgurić, Ozana Nadoveza Jelić and Nina Pavić in the article The interplay of supply and demand shocks: measuring potential output in the COVID-19 pandemic show that the pandemic affected both the supply and the demand sides of the Croatian economy and conclude that in 2020 there was a significant decline in potential GDP accompanied by a record large negative output gap. Hrvoje Šimović, Maja Mihelja Žaja and Marko Primorac in the article Fiscal (un)sustainability of the Croatian healthcare system: additional impact of the COVID-19 crisis note that the pandemic deepened and exacerbated the already existing financing problems of the Croatian healthcare system, but they also see it as a chance to start solving the problems by implementing reforms on both the revenue and the expenditure sides of the healthcare system. Gonzalo Gómez Bengoechea in the article The impact of the COVID-19 crisis on income distribution under different protection schemes: the case of Spain uses household survey data to estimate the costs of lockdowns under three different protection schemes for low-income earners. Teboho Jeremiah Mosikari and Joel Hinaunye Eita in the article Asymmetric effect of government debt on GDP growth: evidence from Namibia show that an increase in government debt is associated with slower GDP growth and vice versa – a decrease in debt helps raise GDP growth.


Public Sector Economics Conference
The Institute of Public Finance (IPF) and the Friedrich Ebert Stiftung (FES) organized on October 22, 2021 Public Sector Economics 2021 Conference – Does fiscal openness pay off? The political and socio-economic effects of transparency, participation and accountability. It addressed the current state, trends and challenges in fiscal openness internationally, nationally and subnationally. The main goal of this virtual conference was to provide a state-of-the-art theoretical, empirical, and policy insights on the effects of fiscal transparency, participation and accountability on macro-fiscal, resource allocation, service delivery, governance, and development outcomes. 

You can watch the conference and presentations online.


Local budget transparency
On July 5, 2021 the Institute of Public Finance presented the results of the seventh annual research cycle of the budget transparency of all 576 Croatian local governments. 

To make the results more accessible and easier to read, the Institute published an interactive map that shows the status of each local government unit.


IPF Notes
In the IPF Notes, Marijana Bađun and Ivica Urban have published the analysis National benefit for the elderly in which they explore why the number of beneficiaries is lower than expected.

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