Fiscal adjustment in Hungary (1991-2003)

Amalia Fugaru

No 150, IWE Working Papers from Institute for World Economics - Centre for Economic and Regional Studies

Abstract: This paper sets out to examine fiscal adjustment in Hungary and try to identify a period of successful fiscal adjustment in the last 13 years. The intention is also to identify the factors that hamper or favour successful fiscal adjustment. Fiscal adjustment is an important dimension of structural transformation, as it captures changes in the incentives offered by the state and its redistribution policy, which affect both capital and the labour market. There are also implications for short and medium-term economic growth. For EU member-states, fiscal adjustment was especially important in the 1990s in the run-up to meeting the Maastricht criteria for Economic and Monetary Union entry.

Keywords: Hungary; fiscal adjustment; Maastricht criteria (search for similar items in EconPapers)
Pages: 13 pages
Date: 2004-12
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Persistent link: https://EconPapers.repec.org/RePEc:iwe:workpr:150

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