Inflation Rather Than Austerity - Hungary's Economic Strategy

During the last years, Hungaryâ€™s standard of living rose dynamically, but at the same time, government debt increased. The Orban government tries to reduce these debts not by austerity but by eroding purchasing power through induced inflation. By this, Hungary departs further and further from fulfilling the Maastricht criteria.

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Year of publication:	2011-02
Authors:	Mihalyi, Peter
Institutions:	CASE-Center for Social and Economic Research
Subject:	Hungary \| inflation \| austerity

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Extent:	application/pdf
Series:	CASE Network E-briefs.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 03 3 pages longPages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009650239