Hungary : Selected Issues

1HUNEA2008002 Image
Price:  $18.00

Release Date: © September, 2008
ISBN : 978-1-45181-810-9
Stock #: 1HUNEA2008002
English
Stock Status: On back-order

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Description

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.

Taxonomy

Economic policy , Fiscal policy , Monetary policy




More publications in this series: IMF Staff Country Reports