War finance, reconstruction, hyperinflation and stabilization in Hungary, 1938-1948
Author(s)
Bibliographic Information
War finance, reconstruction, hyperinflation and stabilization in Hungary, 1938-1948
(St. Antony's/Macmillan series)
Macmillan in association with St Antony's College, Oxford, 1991
Available at 14 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Bibliography: p. 260-275
Includes index
Description and Table of Contents
Description
A blend of history and econometric analysis, this book examines the causes and consequences of the hyperinflation that overwhelmed the Hungarian economy between 1945 and 1948. The book starts with a consideration of the War Finance initiated in 1938 and ends with the stabilization measures of 1948.
Table of Contents
- Part 1 Introduction and summary: war finance
- the economic cosequence of the Second World War
- hyperinflation
- stabilization
- why study the Hungarian hyperinflation?
- the framework of the analysis
- plan of the book. Part 2 The basic data: prewar data
- data from the hyperinflation period
- money supply and government debt
- prices
- unemployment and output
- data from the stabilization period. Part 3 Hungary and the German War economy: Hungary's dilemma
- supplying the German war economy
- conclusions. Part 4 The Gyori program and its macroeconomic consequences: introduction
- the Gyori program
- the credibility of the Gyori program
- monetary policy and inflation , 1938-44
- the impact of the Gyori program on the labour market
- conclusions. Part 5 The end of the war and the financial toll of reconstruction: the end of the war and its financial toll
- reparations. Part 6 State finances and peacetime economic prospects: introduction
- a difficult beginning
- the inevitability of the inflation tax
- the influence of politics in the choice of policies
- reparations and reconstruction
- conclusions. Part 7 Attempts to control inflation: the three phases of the hyperinflation
- the tax on the Pengo
- the Pengo indexation experiment
- "Calory" wages
- the role and significance of alternative transaction media. Part 8 Monetary and fiscal policy during the hyperinflation: a statistical overview of the hyperinflation
- money and prices
- demand for money and inflationary expectations
- does the hyperinflation constitute a homogeneous period?
- policy expectations and the demand for money
- the links between monetary policy and inflation
- the tax 'pengo' period and the final acceleration of inflation
- conclusions. Part 9 The end of hyperinflation and its consequences: introduction
- a quick end to the hyperinflation?
- the credibility of the stabilization of August 1946
- monetary following stabilization
- demand for money
- prices, money supply, and government debt
- policy influence on inflation
- economic costs of price stability
- relative price effects
- employment and unemployment
- output and productivity
- summary and conclusions. Part 10 The lessons to be learned from the hyperinflation and its termination: introduction
- supply side influences
- the role of credibility
- applicability to other inflations
- unemployment
- indexation
- concluding remarks. Appendix A: historical statistics 1938-48
- daily data - 1945-46
- weekly data - 1945-48
- monthly data - 1938-48. Appendix B: additional statistical results
- endnotes
- bibliographic abbreviations
- references
- glossary of selected terms
- index.
by "Nielsen BookData"