Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/83545
Authors: 
Kiss, Gábor P.
Year of Publication: 
2007
Series/Report no.: 
MNB Occasional Papers 61
Abstract: 
I study the short-term impact of surprise inflation on the primary balance by separating those budgetary items which immediately respond to inflation from non-responding ones. I assume a passive fiscal policy in a one-year horizon; therefore items fully controlled by the central government are treated as non-responding ones. In the case of the private sector and decentralised government, their responses to inflation depend on decisions. [...]
Subjects: 
surprise inflation
inflation sensitivity
decentralised government
JEL: 
E31
E65
H61
H71
H72
Document Type: 
Working Paper

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