In the latest  Newletter entitled Much ado about nothing - three questions about immovable property taxation in Croatia Marina Kesner-Škreb analysis three issues which could help to take the decision about the implementation of the immovable property taxation in Croatia.

In this year's last issue of the journal Financial Theory and Practice you can find the article by Ante Žigman and Boris Cota The impact of fiscal policy on government bond spreads in emerging markets which explores the movement of government bond yields and their connection to the public debt management policy. Petar Sopek tests the sustainability of public debt during crisis from 2011 until 2015 in the article Testing the sustainability of the Croatian public debt with dynamic models. Marko Primorac analyses the debt of local units and utility companies in the article Local government and utility firms' debts. Pavel A. Yakovlev offers a model which indicates that in case of voters’ aversion for the change in government, the current government may win the elections even though its policies differ from the views of the median voter in article In uncertainty we trust: a median voter model with risk aversion.

Marin Šulentić reviewed the book by Vjekoslav Bratić Hidden Public Spending – Tax Expenditures: The Necessity or Courting the Voters? and Martina Fabris prepared th List of peer-reviewers from 1999 to 2011 and the list of articles published in Financial Theory and Practice in 2011.

The copy of the new issue can be ordered from the webshop.