Vortrag: On the relationship between private capital flows to emerging Europe ...

Stammdaten
Titel: On the relationship between private capital flows to emerging Europe and the design of optimal fiscal policies: The case of Croatia
Beschreibung: Based on the analysis of a macroeconometric model, mapping the Croatian economy with the econometric fitting procedure being based on quarterly data from 1999q1 to 2012q4, we will seek for optimal fiscal policies affecting significant economic key variables (like growth, inflation, unemployment, etc.). The model CROPOL 2 consists of a set of both behavioral equations and identities, and combines Keynesian and neoclassical features. The Keynesian elements of the model determine the short-run development assuming that the economy is demand driven and persistent disequilibria in the market for goods and services and especially on the labor market are possible. The modeled supply side of Croatia’s economy is built on neoclassical foundations. \newline By utilizing the OPTCON algorithm we will evaluate past (actual) fiscal policies implemented to fight the aftermath of the financial and global crisis of 2008 and find optimal policies targeting a hypothetical recession/boom in the future. For the latter, alternative scenarios are assumed pertaining to fluctuations in the volume of world trade, the level of the oil price, and the short-term interest rate within the Euro area. Emanating from the empirical findings of Atoyan et al. (2012) we test for the relationship between private capital flows to Croatia and the layout of optimal fiscal policy. In particular, for the scenarios mentioned above we will show to what extent countercyclical fiscal policies can enhance an increased investor confidence in the Croatian economy that may translate into increased investment activities attracting financial capital from abroad, eventually fueling economic growth.
Schlagworte:
Typ: Angemeldeter Vortrag
Homepage: http://ifip2013.uni-klu.ac.at/
Veranstaltung: 26th IFIP TC7 Conference 2013 on System Modelling and Optimization (Klagenfurt)
Datum: 09.09.2013
Vortragsstatus:

Beteiligte
Doris Behrens
Forschungsaktivitäten
zur Visitenkarte
(intern)
  • Vortragende/r

Zuordnung
Organisation Adresse
Fakultät für Wirtschafts- und Rechtswissenschaften
  Institut für Volkswirtschaftslehre
Universitätsstr. 65-67
A-9020 Klagenfurt
Österreich
  -994102
   vwl2@aau.at
https://www.aau.at/volkswirtschaftslehre/
zur Organisation
Universitätsstr. 65-67
AT - A-9020  Klagenfurt
Fakultät für Wirtschafts- und Rechtswissenschaften
  Institut für Unternehmensführung
  Abteilung für Controlling und Strategische Unternehmensführung
Universitätsstrasse 67
9020 Klagenfurt
Österreich
   IFU_CSU@aau.at
https://www.aau.at/csu
zur Organisation
Universitätsstrasse 67
AT - 9020  Klagenfurt

Kategorisierung
Sachgebiete
  • 5334 - Volkswirtschaftspolitik
  • 5323 - Ökonometrie
Forschungscluster Kein Forschungscluster ausgewählt
Vortragsfokus
  • Science to Science (Qualitätsindikator: I)
Klassifikationsraster der zugeordneten Organisationseinheiten:
TeilnehmerInnenkreis
  • Überwiegend international
Publiziert?
  • Nein
Arbeitsgruppen Keine Arbeitsgruppe ausgewählt

Kooperationen
Keine Partnerorganisation ausgewählt