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Vybrané aspekty makroekonomického vývoje v Maďarsku po roce 1995
[Macroeconomic development in Hungary after 1995]

Author

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  • Martin Srholec

Abstract

The article analyses main features of macroeconomic development in Hungary after macroeconomic restriction in spring 1995. Years 1995 - 2000 are viewed as a successful period of accelerating economic growth, high foreign direct investment inflow combined with rising external competitiveness of manufacturing industry, fiscal consolidation and modest external disequilibrium with falling external debt. However, in 2000 a rising inflation and decreasing inflow of non-debt foreign capital are considered as major risks for sustenance of high economic growth in medium term. The limitations of anti-inflationary monetary policy within crawling band exchange rate regime are also discussed.

Suggested Citation

  • Martin Srholec, 2001. "Vybrané aspekty makroekonomického vývoje v Maďarsku po roce 1995 [Macroeconomic development in Hungary after 1995]," Politická ekonomie, Prague University of Economics and Business, vol. 2001(6).
    • Handle: RePEc:prg:jnlpol:v:2001:y:2001:i:6:id:341
    DOI: 10.18267/j.polek.341
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