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Irrespective of everything. The effect of monetary policy on the economic cycle in Hungary

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Abel I., Siklos P. L.
Kozgazdasagi Szemle (Economic Review)
|
2007
|
vol. 54
|
issue 11
845-959
EN
Hungarian monetary policy in the last decade is assessed using a textbook macroeconomic model, irrespective of change in economic-policy conditions and political influences. Monetary policy is seen as a key element of economic policy, whose aim to attain economic stability. According to this view, moderating the economic cycle and pursuing price stability are both tasks for economic policy
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