One of the important neglected issues in discussions of East European transition to the market is the structure of the government's budget, especially the roles played by taxes and subsidies. This paper reviews the Hungarian fiscal situation in 1990, the most recent year for which reasonably...

The feasibility of systemic reforms may depend on their distributional consequences. The shift to a market economy can be expected to increase wage differentials and unemployment, which will have an adverse effect on income distribution. Income tax reform and the change in the system of consumer...