Dumičić, Mirna - In: Journal of central banking theory and practice 8 (2019) 1, pp. 97-109
in the case of fiscal policy usually related to election cycles and thus negatively affects its countercyclical capacity …This paper identifies and describes some of the main channels through which fiscal policy is linked to financial … institutions’ exposures to the government etc. The part related to the tax policy elaborates on its countercyclical capacity, the …