Three short national case studies on inflation, price controls and incomes policies for Croatia, Hungary and Poland (project)

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Three short national case studies on inflation, price controls and incomes policies for Croatia, Hungary and Poland

Client/Funding Institution

AK - Wien

Abstract

After a series of crises – most recently an energy and food price crisis – the resilience of the economies of the European Union is at stake. The challenges to policymakers, particularly the European Central Bank, but also to national governments and to the social partners who determine collective nominal wage developments are substantial. Economic recovery is at risk, as a recession might be looming. In an environment of rising interest rates, the stability of the (European Monetary) Union (EMU) is at stake, as economic divergence increases. Also, peripheral EU Member States, which have not yet introduced the Euro, are affected and prone to extended financial and economic crisis. Three short national case studies for Croatia, Hungary and Poland were conducted. Each of these cases are interesting in their own way. Poland is the biggest EU economy in Central, East and Southeast Europe. Hungary has a tradition of applying idiosyncratic economic policy measures. Croatia joined the Euro in January 2023.