Public Sector Economics

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Characteristics of fiscal policy in Croatia: does it depend on the phase of the business cycle?*



Vladimir Arčabić**
   
Frane Banić**
Article   |   Year:  2021   |   Pages:  433 - 457   |   Volume:  45   |   Issue:  4
Received:  July 1, 2021   |   Accepted:  September 20, 2021   |   Published online:  December 6, 2021
Download citation        https://doi.org/10.3326/pse.45.4.3       


Figure 1
Three output gaps and three cyclically adjusted primary balances in percent of GDP
DISPLAY Figure

Figure 2
Public debt sustainability and cyclicality, rolling window regression results
DISPLAY Figure

Table 1
Results on fiscal policy sustainability and cyclicality
DISPLAY Table

Figure 3
Output gaps and estimated thresholds
DISPLAY Figure

Table 2
Robustness check of fiscal policy cyclicality and sustainability with the included economic policy uncertainty
DISPLAY Table

  December, 2021
IV/2021
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