The book, written by Governor György Matolcsy and entitled Economic Balance and Growth, was published as the first volume of the book series of the Magyar Nemzeti Bank on economics and monetary policy in 2015. The MNB decided on launching this book series in compliance with its mandate, as its statutory tasks include the development of financial literacy and this way economic thinking in Hungary and – without jeopardising its primary objective – the support of the economic policy of the Government.
Economic Balance and Growth aims at the analytical assessment of a period of special importance, namely the consolidation and stabilisation of the Hungarian economy between 2010 and 2014. Economic Balance and Growthprovides a detailed presentation of all the new economic policy concepts, innovations and instruments that resulted in the success of the Hungarian economy between 2010 and 2014, which was significant from the aspect of economic history as well, achieving fiscal and financial stabilisation, and thus creating the fundamental conditions for sustainable growth.
The volume provides a complex evaluation of the stabilisation leading to a shift towards growth in a way that it also examines the relevant developments observed in previous decades through the economic policy formula ‘economic balance or growth’. As a result of the sometimes new and innovative measures taken, Hungary has reached an exceptional position in recent years, as its economy is simultaneously characterised by balance and growth, which provides a secure basis for a successful future.