Kiss, Gergely; Krekó, Judit - Magyar Nemzeti Bank (MNB) - 2004
stability, taking into account the characteristics of the Hungarian economy. Price stability is defined as the level of … horizon. In developed countries, the primary objective of central banks is the maintenance of price stability, in view of the … welfare costs of inflation. Price stability is usually taken to mean a low, but non-zero, inflation rate. A positive inflation …