PL EN


2008 | 55 | 3 | 233-242
Article title

Critique of a critique. A response to Mihály András Kovács's article

Authors
Title variants
Languages of publication
HU
Abstracts
EN
The author examines and takes issue with the arguments and contentions found in Mihály András Kovács's polemic. For it does not follow from the article Kovács criticizes that its author opposes the independence of the bank of issue. He did not state that economic growth might have been faster because of faster inflation or that the rate of inflation per se would fall without budgetary and monetary restriction. He shows that the costs of the inflationary target are significant under the conditions of an expansive income and budgetary policy and consequent political strife. He emphasizes the way that the real revaluation of currencies may initiate processes with radically different effects in different countries, and so that the same degree of revaluation may have very different effects on each.
Year
Volume
55
Issue
3
Pages
233-242
Physical description
Document type
ARTICLE
Contributors
author
  • Tibor Erdos, no address given, contact the journal editor
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
10HUAAAA078612
YADDA identifier
bwmeta1.element.c30617f7-4256-30b8-aa0f-0ded0b6311e8
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