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Az inflációs cél követésének rendszere Magyarországon
[The system for targeting inflation goals in Hungary]

  • Csermely, Ágnes
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    E cikkben az inflációs cél követésének rendszere mögötti közgazdasági elgondolást, illetve a magyarországi gyakorlat főbb gazdaságpolitikai tapasztalatait összegezzük. Először röviden bemutatjuk azt a modellkeretet, ami megítélésünk szerint leginkább tükröz a mai jegybankok gondolkodását a gazdaság működéséről. Összefoglaljuk, hogy e modellkeretben milyen normatív következtetések vonhatók le az optimális monetáris politikáról, és hogy ezek az elméleti megfontolások hogyan tükröződnek az inflációs célt követő monetáris rendszerekben. Ezután a rezsim hatékonyságával, eredményességével kapcsolatos nemzetközi tapasztalatokat foglaljuk össze. Végül, visszatekintve az elmúlt öt évre, vázoljuk azokat a körülményeket, amelyek az inflációs cél követésének hazai bevezetését kísérték, az akkori gazdaságpolitikai megfontolásokat és a rendszer működtetésének eddigi tapasztalatait. Journal of Economic Literature (JEL) kód: E50, E58.

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    Article provided by Közgazdasági Szemle Alapítvány (Economic Review Foundation) in its journal Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences).

    Volume (Year): LIII (2006)
    Issue (Month): 12 ()
    Pages: 1058-1079

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    Handle: RePEc:ksa:szemle:884
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    1. Ben Bernanke & Frederic Mishkin, 1992. "Central Bank Behavior and the Strategy of Monetary Policy: Observations From Six Industrialized Countries," NBER Working Papers 4082, National Bureau of Economic Research, Inc.
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    10. M.B. Devereux & Ch. Engel, 2003. "Exchange Rate Pass-Through, Exchange Rate Volatility, and ExchangeRate Disconnect," DNB Staff Reports (discontinued) 77, Netherlands Central Bank.
    11. Hidi, János, 2006. "A magyar monetáris politikai reakciófüggvény becslése
      [Estimating the reaction function for Hungarian monetary policy]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(12), pages 1178-1199.
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