studies or
“synthetic counterfactuals” or SCM
• Abadie et al: AER 2003, JASA...Campos and
Kinoshita 2010 IMFSP)
� Anti-smoking legislation (Abadie et al....
STATISTICS The results of the Bank lending survey 2017-10-11 2023-05-02 From April 2023, The Croatian National Bank is conducting the euro area bank lending survey. This survey is conducted in all...
ing
weaknesses and vulnerabi l i t ies
of several member states
became unvei led...Affairs Building
420 West 118th St., Mail Code 3328, New York, NY 10027
Tel...
square, is the coat of arms of the Republic of Croatia, whose crest penetrates the strip..."REPUBLIKA HRVATSKA" is laid out in the Latin script in the upper part of the...
and Challenges to
Financial Stability Policy 7
Macroeconomic Environment 10
Box...Crisis and Capital Inflows to
Central and South Eastern European Countries 19
...
1 Profits, markups and inflation in Croatia 11
Box 2 The role of base effects...of the ECB’s monetary policy on interest rates 29
2.6 Fiscal developments 31
...
Address: CERGE-EI, PO Box 882, Politických věznů 7, 111 21 Prague, Czech Republic...contracts were manipulated due
to the efficiency reason, we find that manipulation...
and challenges to
financial stability policy 5
1 Macroeconomic environment 7
Box...Revision of the financial stress index for Croatia 12
2 Government sector 14
...
The second, inner, strip of the ring's surface features the inscription "PRVI KONGRES...separated by the minting year, "1997", placed centrally in the lower part of the...
mixed enterprises, and the selected sample of other non-financial enter-
prises, led...Output / 8
Industry / 8
Trade / 9
Construction / 10
Hotels and Restaurants / 10...
, higher inflation and non-flexible exchange rate regimes or higher CAD or FD – led...framework...
...keep our eyes open and...
...allow ourselves to think “out of a...
Recommendation on actions in granting non-housing consumer loans . . . . . . . . 10
Box...a fall in the general government debt-to-
GDP ratio present for several years,...
10 years of monetary union, combined with short-sighted political practices, led...When trying to disentangle the relative importance of factors that...
1 Tourism in the time of pandemic 22
Box 2 Price competitiveness of Croatia’s tourism...33
8 Foreign capital flows 35
Projected developments 36
9 Monetary policy 37...
of interest rate risk – a review of the results
of the Interest rate survey 17
Box...continuation of favourable economic and fiscal trends in the
second half of 2016...
This prompted consumers to contract loans earlier and led to a small fall in household...credit gaps for the Republic of Croatia, see Macroprudential
diagnostics No. 16,...
and challenges
to financial stability policy 7
Macroeconomic environment 9
Box...net interest margins
in Central and Eastern Europe 18
Government sector 21
...
and
challenges to financial stability policy 7
Macroeconomic environment 9
Box...flows in Central and Eastern Europe 18
Government sector 20
Household sector 24
...
on the
estimate of the potential GDP in Croatia 27
3.3 Price developments 30
Box...and inflation in Croatia 34
3.4 Economic relations with foreign countries 38
...
Croatian economy 12
2.1 Real developments 12
2.2 Labour market 13
2.3 Inflation 15
Box...1 Estimation of the impact of euro adoption on inflation 19
...
Employment and unemployment 7
4.2 Wages and unit labour costs 8
5 Inflation 9
Box...influ-
enced by tax changes at the beginning of 2019, as analysed in
detail in...
