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Challenges of monetary policy – a global perspective and the Hungarian situation

Author

Listed:
  • Ferenc Karvalits

    (Deputy Governor, Magyar Nemzeti Bank (central bank of Hungary))

Abstract

In his speech held at the 46th Economic Conference organized by the Hungarian Economic Association Ferenc Karvalits, Deputy Governor of Magyar Nemzeti Bank discussed the challenges of monetary policy, global financial turbulence and the issue of global price increases. He emphasised that the MNB cannot and does not wish to restrain the change in the relative prices of raw materials and food. It can and does, however, wish to influence the inflationary environment in which these changes take place.

Suggested Citation

  • Ferenc Karvalits, 2008. "Challenges of monetary policy – a global perspective and the Hungarian situation," MNB Bulletin (discontinued), Magyar Nemzeti Bank (Central Bank of Hungary), vol. 3(2), pages 6-10, September.
    • Handle: RePEc:mnb:bullet:v:3:y:2008:i:2:p:6-10
    as

    Download full text from publisher

    File URL: http://www.mnb.hu/letoltes/mnb-bull-2008-09-ferenc-karvalits-en.pdf
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    Citations

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    Cited by:

    1. Zoltan M Jakab & Ferenc Karvalits, 2010. "Monetary policy under import price shocks: the case of Hungary," BIS Papers chapters, in: Bank for International Settlements (ed.), Monetary policy and the measurement of inflation: prices, wages and expectations, volume 49, pages 201-207, Bank for International Settlements.

    More about this item

    Keywords

    monetary policy; central banks; central bank policies.;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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