|
|
|
|
| LEADER |
02867nmm a2200637 u 4500 |
| 001 |
EB002166495 |
| 003 |
EBX01000000000000001304273 |
| 005 |
00000000000000.0 |
| 007 |
cr||||||||||||||||||||| |
| 008 |
230704 ||| eng |
| 020 |
|
|
|a 9798400234163
|
| 100 |
1 |
|
|a Cohn-Bech, Estefania
|
| 245 |
0 |
0 |
|a Drivers of Inflation
|b Hungary
|c Estefania Cohn-Bech, Karim Foda, Agustin Roitman
|
| 260 |
|
|
|a Washington, D.C.
|b International Monetary Fund
|c 2023
|
| 300 |
|
|
|a 22 pages
|
| 651 |
|
4 |
|a Hungary
|
| 653 |
|
|
|a Inflation
|
| 653 |
|
|
|a Energy: Demand and Supply
|
| 653 |
|
|
|a Producer prices
|
| 653 |
|
|
|a International Organizations
|
| 653 |
|
|
|a Labour
|
| 653 |
|
|
|a Monetary economics
|
| 653 |
|
|
|a Policy Designs and Consistency
|
| 653 |
|
|
|a International agencies
|
| 653 |
|
|
|a Deflation
|
| 653 |
|
|
|a Fiscal Policy
|
| 653 |
|
|
|a Labor markets
|
| 653 |
|
|
|a Fiscal policy
|
| 653 |
|
|
|a Demand and Supply of Labor: General
|
| 653 |
|
|
|a International organization
|
| 653 |
|
|
|a Labor
|
| 653 |
|
|
|a Price Level
|
| 653 |
|
|
|a Policy Objectives
|
| 653 |
|
|
|a Policy Coordination
|
| 653 |
|
|
|a International institutions
|
| 653 |
|
|
|a General Outlook and Conditions
|
| 653 |
|
|
|a International Economics
|
| 653 |
|
|
|a Labor market
|
| 653 |
|
|
|a Prices
|
| 653 |
|
|
|a Macroeconomics
|
| 653 |
|
|
|a Monetary policy
|
| 653 |
|
|
|a Public Finance
|
| 653 |
|
|
|a Monetary Policy
|
| 653 |
|
|
|a Money and Monetary Policy
|
| 653 |
|
|
|a Energy prices
|
| 653 |
|
|
|a Income economics
|
| 653 |
|
|
|a International Agreements and Observance
|
| 700 |
1 |
|
|a Foda, Karim
|
| 700 |
1 |
|
|a Roitman, Agustin
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
|
| 989 |
|
|
|b IMF
|a International Monetary Fund
|
| 490 |
0 |
|
|a Selected Issues Papers
|
| 028 |
5 |
0 |
|a 10.5089/9798400234163.018
|
| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/018/2023/004/018.2023.issue-004-en.xml?cid=530224-com-dsp-marc
|x Verlag
|3 Volltext
|
| 082 |
0 |
|
|a 330
|
| 520 |
|
|
|a Though high and rising inflation has been a challenge for most economies across Europe in 2022 and into 2023, it has accelerated in Hungary to the highest level in Europe. This paper examines how and why Hungary reached historically high inflation. It draws on an augmented Phillips Curve to estimate the impact of common drivers of inflation, examines the role of labor market tightness and policy stances, and analyzes possible changes to the degree of exchange rate pass-through in recent years. Overall, a rapid recovery from the COVID-19 crisis, a series of exogenous shocks, and too loose a policy mix fueled inflation to its highest level in decades. Though monetary and fiscal policies are now tightening, regulatory price caps undermine those efforts. Going forward, a consistently and persistently tight overall policy mix is needed to drive inflation back to the central bank’s target
|