1.

Record Nr.

UNINA9910777404403321

Autore

Benczes István Zsolt <1974->

Titolo

Trimming the sails [[electronic resource] ] : the comparative political economy of expansionary fiscal consolidations : a Hungarian perspective / / István Benczés

Pubbl/distr/stampa

New York ; ; Budapest, : Central European University Press, 2008

ISBN

978-6-15521-132-4

9786155211324

615-5211-32-9

1-281-37704-X

9786611377045

1-4356-1237-X

Descrizione fisica

xvi, 257 p. : ill

Disciplina

330.9439

Soggetti

Economic forecasting - Hungary

Hungary Economic conditions 1989-

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Bibliographic Level Mode of Issuance: Monograph

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Frontmatter -- Contents -- List of Figures -- List of Tables -- Acknowledgements -- 1. Introduction -- Part One. A Critical Assessment of the Concept of Non-Keynesian Effects -- 2. Stylized Facts of EU Countries’ Major Fiscal Episodes -- 3. An Expectational View of Fiscal Policy: A Non-Linear Approach to Fiscal Consolidation -- 4. The Composition of Adjustment and the Structure of Labor Markets: A Linear Approach to Fiscal Consolidation -- Part Two. Testing the Institutional Conditions of Non-Keynesian Effects in Hungary -- 5. Financial Intermediation in Hungary: A Comparative Perspective -- 6. The Expenditure Side of the Hungarian General Government: A Decompositional Analysis -- 7. Labor Market Structure and Wage Bargaining in Hungary: The (Ir)relevance of a Social Pact -- 8. Conclusion -- References -- Appendix 1 -- Appendix 2 -- Appendix 3 -- Index

Sommario/riassunto

The book provides a clear, multidisciplinary and systematic analysis of the relatively new concept of the so-called expansionary fiscal



consolidations. This concept suggests that fiscal adjustment should not be in trade-off with economic growth if certain conditions are met. But why do only a few countries and only at certain times experience the expansionary effects, while others not at all? The necessary institutional conditions and circumstances have been totally neglected in the literature, or analyzed only partially at best.