The aim of this paper is to assess the stabilization effects of fiscal policy in Croatia in a structural vector autoregression framework as proposed by Blanchard and Perotti (2002). Empirical studies of fiscal policy effects show that results are contradictory and do not unanimously agree,...

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,...

Ovaj se rad sastoji od dva osnovna dijela. Prvi dio odnosi se na problematiku financijske liberalizacije i monetarne politike u Europskoj uniji (EU), dok se drugi dio odnosi na problematiku fiskalne politike Europske unije, odnosno njenog centraliziranog dijela – proračuna EU.