In the new issue of Public Sector Economics Edward N. Wolf in the article Wealth taxation in the United States analyses the fiscal effects of a Swiss-type tax on household wealth, and a wealth tax proposed by Senator Elizabeth Warren. The effect of both taxes on wealth inequality is miniscule, lowering the Gini coefficient by at most 0.0005 Gini points. Antonija Buljan, Milan Deskar Škrbić and Mirna Dumičić in the article What drives banks’ appetite for sovereign debt in CEE countries? provide the first analysis of the level and determinants of sovereign exposure of banking systems in CEE countries. Results shows that exposure to sovereign debt securities in CEE countries is substantially higher than in euro area countries. In article Migration with pension reform expectations Marek Góra and Anna Ruzik-Sierdzińska analyse individual migration decisions, by adding a component linked to the expected old-age pension benefits in sending and receiving countries in two cases: when the pension system rules are known, and when there is a risk of pension systems reforms. Mario Bambulović and Miljana Valdec in Testing the characteristics of macroprudential policies’ differential impact on foreign and domestic banks’ lending in Croatia explore the potentials and limitations of macroprudential measures on banks’ lending to the non-financial private sector in Croatia. In Over-bureaucratisation in public procurement: purposes and results Juraj Nemec, Matus Grega and Marta Orviska use the data from the Czech Republic and Slovakia to show that these countries’ procurement systems are over-bureaucratised and to try to identify the causes and results of such a situation.

In the latest Press Release entitled Central government budget transparency in Croatia: in spite of noteworthy achievements, there is still a lot of room for improvement, Mihaela Bronić and Josip Franić discuss the findings of the Open Budget Survey 2019. According to the survey results, which were published by the International Budget Partnership on April 29, Croatia ranks 21^st amongst the 117 analysed countries. This places Croatia in the group of countries that release substantial information on the central government budget.