Does Monetary Policy Stabilise Food Inflation in Hungary?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F24%3A101501" target="_blank" >RIV/60460709:41110/24:101501 - isvavai.cz</a>
Result on the web
<a href="https://online.agris.cz/archive/2024/04/05" target="_blank" >https://online.agris.cz/archive/2024/04/05</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.7160/aol.2024.160405" target="_blank" >10.7160/aol.2024.160405</a>
Alternative languages
Result language
angličtina
Original language name
Does Monetary Policy Stabilise Food Inflation in Hungary?
Original language description
This study examines the relationship between monetary policy and food price inflation in Hungary from January 2007 to December 2023 using the Nonlinear Autoregressive Distributed Lag (NARDL) model. Our analysis reveals that although the short-term impact of monetary policy on food prices is minimal, there is a notable long-term effect where implementing tighter monetary measures increases food price inflation over time. Policymakers must take a nuanced approach when dealing with food price shocks, considering both monetary and fiscal interventions. Our research highlights the significance of combining monetary policy actions with specific fiscal strategies and structural changes in the agriculture to reduce the negative effects of food inflation and protect the well-being of vulnarable populations. © (2024), (Faculty of Economics and Management). All rights reserved.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
AGRIS on-line Papers in Economics and Informatics
ISSN
1804-1930
e-ISSN
1804-1930
Volume of the periodical
16
Issue of the periodical within the volume
4
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
9
Pages from-to
69-77
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-85216110918