Pain or gain? Short-term budgetary effects of surprise inflation - The case of Hungary

I study the short-term impact of surprise inflation on the primary balance by separating those budgetary items which immediately respond to inflation from non-responding ones. I assume a passive fiscal policy in a one-year horizon; therefore items fully controlled by the central government are treated as non-responding ones. In the case of the private sector and decentralised government, their responses to inflation depend on decisions. [...]

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Year of publication:	2007
Authors:	Kiss, Gábor P.
Publisher:	Budapest : Magyar Nemzeti Bank
Subject:	Inflation \| Öffentlicher Haushalt \| Ungarn \| surprise inflation \| inflation sensitivity \| decentralised government

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Series:	MNB Occasional Papers ; 61
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	524459975 [GVK] hdl:10419/83545 [Handle]
Classification:	E31 - Price Level; Inflation; Deflation ; E65 - Studies of Particular Policy Episodes ; H61 - Budget; Budget Systems ; H71 - State and Local Taxation, Subsidies, and Revenue ; H72 - State and Local Budget and Expenditures
Source:	EconStor

Persistent link: https://www.econbiz.de/10010322407