The aim of this paper is to quantify the effects of changes in functional income distribution on selected macroeconomic variables in Croatia in period from 2000-2012. We use structural VAR approach with identification scheme based on a priori restrictions that are derived from theoretical...

In this paper we present and empirically test assumptions and conclusions of a Post-Keynesian macroeconomic model on real sector data of Croatian economy in the period 2000-2012. The aim is to quantify the effects of changes in functional income distribution on selected macroeconomic variables...

We study the economic effects of a clearinghouse that allows a large network of firms to reduce their trade credit exposures and thus potentially lower the risk stemming from interfirm financial linkages. The clearinghouse reduced the gross debt amount in the economy by a sizable 10% of GDP....