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New issue of Public Sector Economics
Published: September 10, 2018

In the new issue of Public Sector Economics, you can read a guest editors’ Introduction to the thematic section on the Economics of Ageing by Marijana Bađun and Šime Smolić. Velma Pijalović, Lejla Lazović-Pita, Almir Peštek and Danijela Martinović in the article The analysis of perceptions and attitudes related to ageing in the Federation of Bosnia and Herzegovina analyse perceptions and attitudes of FBIH respondents in connection with the ageing population and possible associated problems. Carsten Colombier and Thomas Braendle in the article Healthcare expenditure and fiscal sustainability: evidence from Switzerland draw up a new set of healthcare expenditure projections for the particularly interesting case of Switzerland in order to better explore the fiscal sustainability challenge. Andrej Srakar and Mateja Nagode in the article Why are older informal carers in better health? Solving a causality problem focus on the relationship between the health status of the respondent and the decision to provide informal help to others as well as the intensity of the care. Wildmer Daniel Gregori in the article To what extent do fiscal spending rules affect budget composition? investigates the extent to which local budget composition reacts to variations in fiscal spending rules. Šime Smolić reviews the book Golden Aging: Prospects for Healthy, Active, and Prosperous Aging in Europe and Central Asia by Maurizio Bussolo, Johannes Koettl and Emily Sinnott.

Channels and effectiveness of fiscal devaluations
Published: July 13, 2018

On July 13, 2018, the Institute of Public Finance hosted a presentation of results from the research project Channels and effectiveness of fiscal devaluations, financed by the Croatian Science Foundation. Fiscal devaluation is a tax policy instrument that should mimic the effects of nominal exchange rate devaluation, i.e. improve external competitiveness and increase net exports of a devaluing country. In its basic form, it consists of a budget-neutral reduction in employers’ social security contribution rate and an increase in the value added tax. This research tried to fill some of the gaps in the existing literature and provide more reliable econometric estimates of the effectiveness of fiscal devaluations, along with exploring some specific channels through which fiscal devaluations are expected to work.


Local budget transparency
On 2nd July 2018 the Institute of Public Finance presented the results of the fifth cycle of budget transparency research in Croatian local government units (counties, cities and municipalities).

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.

Public Sector Economics Conference
The Institute of Public Finance, International Budget Partnership and Friedrich Ebert Stiftung are organizing international conference Public Sector Economics 2018 – Fiscal Openness: Transparency, Participation and Accountability in Fiscal Policies. Detailed information is available at the conference web site.

Press Release
In the latest Press Release, Katarina Ott writes about the annual analysis of the economic and social situation in the country, presented on March 13th in Zagreb by the European Commission representation in Croatia. According to the analysis, Croatia is experiencing excessive economic imbalances and has made limited or no progress when it comes to the implementation of European Commission country-specific recommendations.

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