Academic Tibor Erdos, the Széchenyi Prize-winning Hungarian economist and renowned researcher on inflation and economic growth, died on September 6 at the age of 95. eyelash.
Tibor Erdos obtained a degree in economics in 1952. After receiving his diploma, he became a teacher at the university’s Department of Political Economy, and in 1969 he was appointed as a university professor. In 1975, he began working as a scientific advisor at the Institute of Economics of the Hungarian Academy of Sciences of the Hungarian Academy of Sciences, after which he was appointed research professor. Retired in 1998.
He defended his doctoral thesis in economics in 1962, and his academic doctoral thesis in 1972. He became a member of the economics committee of the Hungarian Academy of Sciences. He was elected a corresponding member of the Hungarian Academy of Sciences in 1987, and a full member in 1993. Between 1990 and 1993, he was president of the Hungarian Economic Society,
Between 1992 and 2000, he was a member of the Central Bank Board of Magyar Nemzeti Bank.
Initially, his areas of research were the examination of the factors that determine economic growth, the analysis of sustainable economic growth and the capitalist economic cycle. After 1975, he mainly dealt with the problems of Hungarian economic growth, the impact of economic policy growth, the theory of inflation, and theoretical issues of monetary regulation.
He devoted much attention to investigating the economic impact of inflation, which is important in the development of interest rate, repayment of capital, interest on investment and budgetary balance, among others.
An important outcome is the quantification analysis and the development of “room utility” (“seigniorage”). He has received much recognition for his critical examination of inflation targeting in the scope of monetary policy: he has demonstrated that monetary policy strategy is inseparable from actual economic conditions. Later, he dealt with the analysis of the economic policy of crisis management, as written by the Hungarian Economic Society Official Website.
