Dynamic effects of fiscal policy and fiscal multipliers in Croatia

被引：0

作者：

Simovic, Hrvoje ^{[1
]}

Deskar-Skrbic, Milan ^{[2
,3
]}

机构：

[1] Univ Zagreb, Fac Econ & Business, Zagreb 10000, Croatia

[2] Arhivanalitika Doo, Zagreb 10020, Croatia

[3] Univ Zagreb, Fac Econ & Business, Zagreb 10020, Croatia

来源：

ZBORNIK RADOVA EKONOMSKOG FAKULTETA U RIJECI-PROCEEDINGS OF RIJEKA FACULTY OF ECONOMICS | 2013年 / 31卷 / 01期

关键词：

fiscal policy; fiscal multipliers; SVAR; Croatia; ECONOMIC-GROWTH;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The aim of this paper is to analyze the effects of discretionary measures of fiscal policy on the economic activity and to estimate the size of fiscal multipliers in Croatia. Econometric framework is based on the structural VAR model (SVAR), with Blanchard-Perotti identification method that uses information on institutional characteristics of fiscal system. The analysis is conducted on quarterly data for total expenditures and indirect taxes of central, central consolidated and general consolidated government and aggregate demand for the period from 2004-2012. The results show that our initial assumptions about the difference in the size of the multiplier of government expenditures and indirect tax revenues between three levels of government consolidation have been confirmed.

引用

页码：55 / 78

页数：24