Horváth, Ágnes; Jakab, Zoltán M.; Kiss, Gábor P.; … - Magyar Nemzeti Bank (MNB) - 2006
In this paper we investigate the possible effects of fiscal tightening in Hungary from two perspectives. First, simulations in an estimated neo-Keynesian model are used to characterise the effects of different scenarios for fiscal consolidations. We show that the composition of fiscal shocks is...
