In diesem Artikel wird ein ausführlicher Überblick gegeben über die Anwendung des Programmes einer graduellen Einführung der Konvertibilität der kroatischen Währung. Es werden auch die möglichen Wirkungen der Einführung der äußeren Konvertibilität der kroatischen Währung in laufenden...

Many macroeconomists and politicans claim that fi scal austerity – getting the budget defi - cit down immediately – would be good for employment and growth. We think that fi scal stimulus is expansionary, and fi scal contraction is contractionary. There is a large and growing body of...

Over the course of the recession during the last six years, central bank officials in Croatia have on numerous occasions stated there is a strong need for structural reforms in Croatia and that there is no need for monetary policy reforms. This short paper investigates why the CNB is only...