Inflation Rather Than Austerity - Hungary's Economic Strategy

Peter Mihalyi

No 3, CASE Network E-briefs from CASE-Center for Social and Economic Research

Abstract: During the last years, Hungary’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.

Keywords: Hungary; inflation; austerity (search for similar items in EconPapers)
Pages: 3 Pages
Date: 2011-02
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Citations: View citations in EconPapers (2)

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