The Institute of Public Finance will organize a virtual presentation on November 12, 2026, from 10:00 to 11:00 am (CET) based on an article published in Public Sector Economics. 

Mislav Brkić (Croatian National Bank) will present findings from his research analysing fiscal developments and the factors behind the decline in government debt ratios in EU member states after the pandemic, with a focus on the role of primary surpluses and the snowball effect. The results suggest that the favourable snowball effect, which reflects a positive difference between nominal growth rates and average interest rates on government debt, was the key factor behind the favourable dynamics of the debt ratio. 

The presentation is open to the general public, but participants are required to register in advance at this registration link.