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Inflation Rather Than Austerity - Hungary's Economic Strategy

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  • Peter Mihalyi

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.

Suggested Citation

  • Peter Mihalyi, 2011. "Inflation Rather Than Austerity - Hungary's Economic Strategy," CASE Network E-briefs 03, CASE-Center for Social and Economic Research.
  • Handle: RePEc:sec:ebrief:1103
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    File URL: http://www.case-research.eu/upload/publikacja_plik/32461663_Ebrief_2011_3_Mihalyi_Hungary_Final.pdf
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    Cited by:

    1. Vidakovic, Neven & Zbašnik, Dušan, 2014. "Capital Flows, Credit Crunch and Deleveraging Dynamics: The Case of Slovenia, Croatia and Hungary in Comparison," MPRA Paper 63958, University Library of Munich, Germany.

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    Keywords

    Hungary; inflation; austerity;

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