Mihaljek, Dubravko - In: Financial Theory and Practice 33 (2009) 3, pp. 229-272
Croatia’s government budget deficit; and second, what is the scope for expansionary fiscal policy in Croatia. Both questions … are addressed from a broader Central and Eastern European perspective, in the context of the economic and financial crisis … first half of 2009. On this basis, the paper argues that expansionary fiscal policy in Croatia would not be effective and …