The power of fiscal multipliers in Croatia
This paper investigates fiscal multipliers in Croatia in the period 1996Q1-2011Q4. For this purpose, a Blanchard Perotti three variable baseline SVAR is employed as a no regime-switch model, along with a four variable baseline STVAR as a regime-switch model. Results show that during recessions fisca...
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| Format: | Article |
| Language: | English |
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Institute of Public Finance
2014-06-01
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| Series: | Financial Theory and Practice |
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| Online Access: |
http://fintp.ijf.hr/upload/files/ftp/2014/2/grdovic_gnip.pdf
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