In this note we investigate for the existence of an S-curve for Croatia, Hungary and Slovenia. We interpret the results in the spirit of the international business cycle literature. In particular, we compare institutions across countries in the sample, their fiscal and monetary policies, whether...

This paper provides a quantitative assessment of the 2007-08 corporate and personal income tax reforms in Bulgaria. The simple investment model, based on Tobin’s q-theory is calibrated to Bulgarian data before and after the reform. Based on numerical simulations, capital stock is predicted to...