Smičiklasova 21
10000 Zagreb
VAT No. HR41683226810
Tel: + 385 1 4886 444
Fax: +385 1 4819 365

New issue of Public Sector Economics
Published: March 9, 2021

In the new issue of Public Sector Economics Milan Deskar-Škrbić and Darjan Milutinović in the paper Design of fiscal consolidation packages and model-based fiscal multipliers in Croatia analyse fiscal consolidation in the 2014-2016 excessive deficit procedure of Croatia. The paper won the first prize in the regular category of the 2020 Prof. Dr. Marijan Hanžeković Trust competition. Mislav Brkić in the paper Costs and benefits of government borrowing in foreign currency: is it a major source of risk for EU member states outside the Euro? explores to what extent governments of non-euro area EU member states rely on foreign currency borrowing and whether they have sufficient capacity to preserve currency stability in the event of adverse shocks. The paper Decentralization and welfare: theory and an empirical analysis using Philippine data by Tristan Canare studies the relationship of several decentralization indicators and welfare, as measured by per capita income, human development index, and poverty. Juan Camilo Anzoátegui-Zapata and Juan Camilo Galvis-Ciro in the paper Effects of fiscal credibility on inflation expectations: evidence from an emerging economy, busing the Colombian experience, build a fiscal credibility index and evaluate its impact on inflation expectations for the 2004-2019 period. Piotr Bartkiewicz in the paper The evolution of the Polish government bond market describes the long-term trends in the Polish sovereign local currency debt.Antonija B uljan reviews the book Modernizing VATs in Africa by Sijbren Cnossen.

Budget outturns of Croatian municipalities, cities and counties for 2018 and 2019
Published: January 26, 2021

In the newsletter entitled Budget outturns of Croatian municipalities, cities and counties for 2018 and 2019, Katarina Ott, Mihaela Bronić, Branko Stanić and Filip Badovinac – based on the Ministry of Finance’s data – present the basic data on their revenue, expenditure, surplus/deficit and budget transparency. The tables provided in the Excel format, allow readers to get acquainted with fiscal condition of their municipalities, cities and counties in  2018-2019 and compare it with previous years (2014-2017) and with other municipalities, cities and counties.


Public Sector Economics Conference
The Institute of Public Finance and the Friedrich Ebert Stiftung, supported by the International Budget Partnership, Washington and Croatian Science Foundation, are organizing a conference Does fiscal openness pay off? The political and socio-economic effects of transparency, participation and accountability. Detailed information (including the call for papers) is available at the conference web site.

Local budget transparency
On July 1, 2020 the Institute of Public Finance presented the results of the sixth 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.


Press release
In Press Releases entitled Impact of the coronavirus on the life and work of European citizens, Predrag Bejaković analyses the new report by the European Foundation for the Improvement of Living and Working Conditions (Eurofound) based on an e-survey carried out in April and July 2020.

In order to give you a better user experience, cookies have been stored on your computer.
Accept cookie     More information