maximise an intertemporal utility function in consumption and leisure subject to a budget...non-liquidity constrained households face with the following Lagrangian
(1)
...
plan, price liberalization, allowing private ownership, and imposition of hard-budget...As Kornai (1994) showed the first step in transition, imposing a hard...
in the state portfolio has reduced, with
the proceeds benefitting the State Budget...abolishment or reduction of administrative fees that are paid into the central
...
The de-
crease in expenditures may be partly attributed to the fact that
the budget...first quarter was influenced by the
provisional financing of the government...
In particular, capital transfers to general government from the EU
budget stood...the fall in interest expenses and control
of the expenditure side of the...
