Fiskalna politika Republike Hrvatske u uvjetima inflacije

master's thesis

• Title (english): Fiscal policy of the Republic of Croatia in conditions of inflation
• Author: Filip Filipović
• Mentor: Saša Jakšić (mentor)
• Committee member: Maja Mihelja Žaja (član povjerenstva)
• Committee member: Antonija Buljan (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; (Department of Finance); Zagreb
• Defense date and country: 2024-09-24, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics; Finance

Abstract

Krajem 2021. godine, nakon više od desetljeća, tema inflacije ponovno dolazi u središte pozornosti šire javnosti. Tijekom 2022. godine, službena stopa inflacije mjerena harmoniziranim indeksom potrošačkih cijena (HICP) penje se sve do 13,0 % što je ujedno najviša stopa u Republici Hrvatskoj još od siječnja 1999. godine, to jest od početka mjerenja prema Eurostatovoj metodologiji. S obzirom na ulogu i značaj u suvremenim mješovitim socijalno – tržišnim gospodarstvima, fiskalna politika preuzima odgovornost za očuvanje i rast životnog standarda, naročito kada se govori u kontekstu malih i otvorenih gospodarstava kakvo je i hrvatsko. U takvim uvjetima, kao zadane varijable definiraju se vrlo stabilni odnosno, nakon pristupanja europodručju, i formalno fiksni nominalni tečaj te slobodni prekogranični tokovi kapitala. Proračunski saldo opće države u zadanim okolnostima preuzima ključnu ulogu u stabilizaciji gospodarstva, a inflacija poprima i karakteristike tzv. fiskalnog fenomena. S ciljem uspješnije koordinacije neovisnih fiskalnih politika unutar europske Ekonomske i monetarne unije (EMU) definiraju se i nova, jednostavnija fiskalna pravila, dok se pokazatelji u strukturnom smislu definiraju kao pomoćne varijable. Ocjenom karaktera fiskalne politike Republike Hrvatske utvrđeno je kako je ona u razdoblju između 2020. i 2022. godine bila protuciklička u strukturnom smislu, što se uz uvažavanje neophodnih mjera antiinflacijske fiskalne politike može prihvatiti i za 2023. godinu.

Abstract (english)

At the end of 2021, after more than a decade, inflation is in the spotlight again. During 2022, the rate of inflation in the Republic of Croatia, calculated by the Harmonized Index of Consumer Prices (HICP), rose to 13%, which is the highest rate of inflation since 1999, since the beginning of measurements according to Eurostat’s methodology. Considering the role and significance in modern mixed social – market economies, fiscal policy assumes responsibility for the preservation and growth of living standard, especially when speaking in the context of small and open economies such as Croatia’s. In such conditions, a very stable or, after joining the euro area, a formally fixed nominal exchange rate and free cross – border capital mobility are defined as default variables. Under given circumstances, the budget balance of the general government assumes a key role in the stabilization of the economy, and inflation takes on the characteristics of the fiscal phenomenon. With the aim of more successful coordination of independent fiscal policies within the European Economic and Monetary Union (EMU), new and simpler fiscal rules are defined, while structural indicators are defined as auxiliary variables. The assessment of the character of the fiscal policy of the Republic of Croatia established that it was structurally counter – cyclical in the period between 2020 and 2022, which can be accepted for the year 2023 as well, taking into account the necessary anti – inflationary fiscal policy measures.

• Keywords: fiskalna politika; strukturni saldo inflacija; energetska kriza; optimalno valutno područje
• Keywords (english): fiscal policy; structural balance; inflation; energy crisis; optimal currency area
• Language: croatian
• URN:NBN: urn:nbn:hr:148:212325
• Study programme: Title: Business economics; Study programme type: university; Study level: integrated undergraduate and graduate; Academic / professional title: sveučilišni magistar ekonomije/sveučilišna magistra ekonomije (sveučilišni magistar ekonomije/sveučilišna magistra ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Open access
• Created on: 2024-09-24 12:06:30