Proactivity and Innovation as a Means of Central Bank Renewal. Thoughts on the National Bank of Hungary’s Book Entitled The Hungarian Way - Targeted Central Bank Policy

The 2008-2009 global crisis created major challenges for fiscal policy, monetary policy and the financial regulatory authority at the same time. To respond to these challenges, proactive and innovative solutions were needed. This paper presents the niche volume of the Magyar Nemzeti Bank (National Bank of Hungary), which describes the measures that resulted in the turnaround of the Hungarian fiscal and monetary policy