Inflation Rather Than Austerity - Hungary's Economic Strategy
AbstractDuring 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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Bibliographic InfoPaper provided by CASE-Center for Social and Economic Research in its series CASE Network E-briefs with number 03.
Length: 3 Pages
Date of creation: Feb 2011
Date of revision:
Hungary; inflation; austerity;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-02-27 (All new papers)
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