作者信息:
萨巴里·久尔吉(Szapáry György) https://orcid.org/0009-0003-8538-2617: 匈牙利国家银行首席行长顾问,布达佩斯城市大学客座教授. E-mail: szaparygy@mnb.hu
沃纳克·鲍拉日(Vonnák Balázs) https://orcid.org/0000-0003-3794-5190: 匈牙利国家银行经济顾问,布达佩斯城市大学客座教授. E-mail: vonnakb@mnb.hu
摘要:
在我们的研究中,我们研究了货币政治制度决策在11个前社会主义东欧中欧欧盟成员国在制度变革后的三十年里名义和实际趋同中的作用。借助我们的实证模型,我们估计了从根本上决定货币政策框架的四个因素(汇率制度、央行独立性、通胀目标制、欧元的引入)对通胀和实体经济增长的影响。根据我们最重要的结果,近几十年来追赶的速度在很小程度上取决于汇率制度的选择以及可能引入欧元或通胀目标制,而不是取决于央行独立性的建立。后者将通货膨胀率降低了大约5个百分点,同时导致实际GDP增长了大约2个百分点。这表明央行的独立性显著提高了货币政策的可信度和可预测性,而单个货币制度的成功很大程度上取决于此。
引用格式 (APA):
Szapáry, G., & Vonnák, B. (2025). The Impact of Monetary Policy Institutional Decisions on Convergence in Central and Eastern European Countries. Financial and Economic Review, 24(Chinese Issue of Selected Studies), 93–118. https://hitelintezetiszemle.mnb.hu/cn/hsz-2025-cn-s7-szapary-vonnak
刊:
研究论文
《经济文献杂志》(JEL)编码:
C33,E42,E65,O43
关键词:
货币政策;趋同;制度;通货膨胀;经济增长
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