in 2020, while housing loans to households increased thanks to the housing loans subsidy...by HRK 1.0bn and thus reflecting the effects of the government's housing loans...
,M)
+ (1− π(M))
(
σV AJA (y′, B′∗B ,maj) + (1− σ)V AJA (y′, B′∗B ,min)
)
(36...for default, each of the four government types
chooses an optimal allocation
...
