Deskar-Škrbić, Milan; Šimović, Hrvoje; Ćorić, Tomislav - Ekonomski Fakultet, Sveučilište u Zagrebu - 2013
In this paper we use structural VAR model to analyze dynamic effects of fiscal shocks on economic activity in Croatia from 2000Q1-2012Q2. Due to the fact that Croatia is a small open economy we assume that shocks of foreign origination can have notable effects on its performance. Therefore,...