Hungary Selected Issues

This Selected Issues paper for Hungary highlights the monetary policy framework in Hungary and the models used by the central bank (MNB). The MNB’s Quarterly Projection Model combines neo-Keynesian features in the short term with neoclassical features in the long term. It is a two-sector small-open-...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2008
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Hungary  |b Selected Issues 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2008 
300 |a 42 pages 
651 4 |a Hungary 
653 |a Interest rates 
653 |a Inflation 
653 |a Public debt 
653 |a Finance 
653 |a Fiscal rules 
653 |a Public finance & taxation 
653 |a Currency; Foreign exchange 
653 |a Financial services 
653 |a Deflation 
653 |a Debt Management 
653 |a Debts, Public 
653 |a Fiscal Policy 
653 |a Debt 
653 |a Fiscal policy 
653 |a Production; Economic theory 
653 |a Sovereign Debt 
653 |a Macroeconomics: Production 
653 |a Price Level 
653 |a Banks and Banking 
653 |a Prices 
653 |a Macroeconomics 
653 |a Banking 
653 |a Interest Rates: Determination, Term Structure, and Effects 
653 |a Long term interest rates 
653 |a Public Finance 
653 |a Production and Operations Management 
653 |a Central bank policy rate 
710 2 |a International Monetary Fund 
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989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Staff Country Reports 
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520 |a This Selected Issues paper for Hungary highlights the monetary policy framework in Hungary and the models used by the central bank (MNB). The MNB’s Quarterly Projection Model combines neo-Keynesian features in the short term with neoclassical features in the long term. It is a two-sector small-open-economy model, estimated by Bayesian methods. Fiscal policy is modeled using various revenue and expenditure items. Rich in sectoral details and structural shocks, the model generates impulse responses of different variables to structural shocks