Baksay, Gergely; Kiss, Gábor P. - In: MNB Bulletin 4 (2009) 1, pp. 15-23
The Law on Fiscal Responsibility adopted late 2008 is a new element in Hungarian fiscal policy, although not without precedent. Under the law, the Parliament and the Government limit themselves to prevent high fiscal deficits and a further increase in public indebtedness, experienced in recent...