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Hungary: 2019 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Hungary

Hungary: 2019 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Hungary »

Source: Hungary : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary

Volume/Issue: 2019/357

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 December 2019

ISBN: 9781513521404

Keywords: Financial crises, Central banks, Economic indicators, External debt, Monetary policy, ISCR, CR, MNB, SMEs, percent of GDP

This 2019 Article IV Consultation discusses that in an increasingly uncertain global economic environment, Hungary's growth registered one of the highest rates in Europe in 2018. The economy now appears to be runni...

Hungary: Selected Issues

Hungary: Selected Issues »

Source: Hungary : Selected Issues

Volume/Issue: 2019/358

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 December 2019

ISBN: 9781513521435

Keywords: Financial crises, Real interest rates, Negative interest rates, Interest rates, Central banks, ISCR, CR, interest rate, transaction tax, financial transaction tax

This Selected Issues paper describes and discusses potential implications of recent changes in Hungary's public debt strategy. Special attention is paid to the motivation for, and recent experiences with, the 'Hung...

Hungary: Selected Issues

Hungary: Selected Issues »

Source: Hungary : Selected Issues

Volume/Issue: 2019/358

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 December 2019

ISBN: 9781513521435

Keywords: Financial crises, Real interest rates, Negative interest rates, Interest rates, Central banks, ISCR, CR, interest rate, transaction tax, financial transaction tax

This Selected Issues paper describes and discusses potential implications of recent changes in Hungary's public debt strategy. Special attention is paid to the motivation for, and recent experiences with, the 'Hung...

Hungary: Staff Report for the 2019 Article IV Consultation—Informational Annex

Hungary: Staff Report for the 2019 Article IV Consultation—Informational Annex »

Source: Hungary : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary

Volume/Issue: 2019/357

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 December 2019

ISBN: 9781513521404

Keywords: Financial crises, Central banks, Economic indicators, External debt, Monetary policy, ISCR, CR, MNB, SMEs, percent of GDP

This 2019 Article IV Consultation discusses that in an increasingly uncertain global economic environment, Hungary's growth registered one of the highest rates in Europe in 2018. The economy now appears to be runni...

IMF Executive Board Concludes 2019 Article IV Consultation with Hungary

IMF Executive Board Concludes 2019 Article IV Consultation with Hungary »

Source: Hungary : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary

Volume/Issue: 2019/357

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 December 2019

ISBN: 9781513521404

Keywords: Financial crises, Central banks, Economic indicators, External debt, Monetary policy, ISCR, CR, MNB, SMEs, percent of GDP

This 2019 Article IV Consultation discusses that in an increasingly uncertain global economic environment, Hungary's growth registered one of the highest rates in Europe in 2018. The economy now appears to be runni...

Hungary
			: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary

Hungary : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary »

Volume/Issue: 2019/357

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 December 2019

DOI: http://dx.doi.org/10.5089/9781513521404.002

ISBN: 9781513521404

Keywords: Financial crises, Central banks, Economic indicators, External debt, Monetary policy, ISCR, CR, MNB, SMEs, percent of GDP

This 2019 Article IV Consultation discusses that in an increasingly uncertain global economic environment, Hungary's growth registered one of the highest rates in Europe in 2018. The economy now appears to be runni...

Hungary
			: Selected Issues

Hungary : Selected Issues »

Volume/Issue: 2019/358

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 December 2019

DOI: http://dx.doi.org/10.5089/9781513521435.002

ISBN: 9781513521435

Keywords: Financial crises, Real interest rates, Negative interest rates, Interest rates, Central banks, ISCR, CR, interest rate, transaction tax, financial transaction tax

This Selected Issues paper describes and discusses potential implications of recent changes in Hungary's public debt strategy. Special attention is paid to the motivation for, and recent experiences with, the 'Hung...

Statement by Szilard Benk, Alternate Executive Director November 27, 2019

Statement by Szilard Benk, Alternate Executive Director November 27, 2019 »

Source: Hungary : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary

Volume/Issue: 2019/357

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 December 2019

ISBN: 9781513521404

Keywords: Financial crises, Central banks, Economic indicators, External debt, Monetary policy, ISCR, CR, MNB, SMEs, percent of GDP

This 2019 Article IV Consultation discusses that in an increasingly uncertain global economic environment, Hungary's growth registered one of the highest rates in Europe in 2018. The economy now appears to be runni...

1. Domestic Expansion Running into External Turbulence

1. Domestic Expansion Running into External Turbulence »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Activity continued to expand in the first half of 2018, but at a slower-than-expected pace, mainly in advanced Europe. The external environment has become less supportive, with slow...

Executive Summary

Executive Summary »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Economic activity continued to expand in the first half of 2018, albeit at a slower-than-expected pace, mainly in advanced Europe. Domestic demand, supported by stronger employment...

2. Macroprudential Policies and House Prices in Europe: An Overview of Recent Experiences

2. Macroprudential Policies and House Prices in Europe: An Overview of Recent Experiences »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

This chapter documents the increasing use of macroprudential policies (MaPPs) in Europe in recent years to build financial resilience, contain general and sectoral credit growth, an...

Regional Economic Outlook, October 2018, Europe
			: Domestic Expansion Running into External Turbulence

Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

DOI: http://dx.doi.org/10.5089/9781484375402.086

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Economic activity continued to expand in the first half of 2018, albeit at a slower-than-expected pace, mainly in advanced Europe. Domestic demand, supported by stronger employment and wages, remains the main engin...

Front Matter

Front Matter »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Economic activity continued to expand in the first half of 2018, albeit at a slower-than-expected pace, mainly in advanced Europe. Domestic demand, supported by stronger employment and wages, remains the main engin...

Hungary: 2018 Article IV Consultation—Press Release and Staff Report

Hungary: 2018 Article IV Consultation—Press Release and Staff Report »

Source: Hungary : 2018 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2018/252

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2018

ISBN: 9781484372371

Keywords: Article IV consultation reports, Fiscal policy, Fiscal consolidation, Monetary policy, Financial sector, Fiscal reforms, Banking sector, Housing prices, Macroprudential policies and financial stability, Economic indicators

This 2018 Article IV Consultation highlights that the headline inflation in Hungary has started to pick up, mainly owing to higher energy prices, while core inflation has been running sideways over the past six mon...

Hungary: Staff Report for the 2018 Article IV Consultation—Informational Annex

Hungary: Staff Report for the 2018 Article IV Consultation—Informational Annex »

Source: Hungary : 2018 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2018/252

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2018

ISBN: 9781484372371

Keywords: Article IV consultation reports, Fiscal policy, Fiscal consolidation, Monetary policy, Financial sector, Fiscal reforms, Banking sector, Housing prices, Macroprudential policies and financial stability, Economic indicators

This 2018 Article IV Consultation highlights that the headline inflation in Hungary has started to pick up, mainly owing to higher energy prices, while core inflation has been running sideways over the past six mon...

IMF Executive Board Concludes Article IV Consultation with Hungary

IMF Executive Board Concludes Article IV Consultation with Hungary »

Source: Hungary : 2018 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2018/252

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2018

ISBN: 9781484372371

Keywords: Article IV consultation reports, Fiscal policy, Fiscal consolidation, Monetary policy, Financial sector, Fiscal reforms, Banking sector, Housing prices, Macroprudential policies and financial stability, Economic indicators

This 2018 Article IV Consultation highlights that the headline inflation in Hungary has started to pick up, mainly owing to higher energy prices, while core inflation has been running sideways over the past six mon...

Hungary
			: 2018 Article IV Consultation-Press Release and Staff Report

Hungary : 2018 Article IV Consultation-Press Release and Staff Report »

Volume/Issue: 2018/252

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2018

DOI: http://dx.doi.org/10.5089/9781484372371.002

ISBN: 9781484372371

Keywords: Article IV consultation reports, Fiscal policy, Fiscal consolidation, Monetary policy, Financial sector, Fiscal reforms, Banking sector, Housing prices, Macroprudential policies and financial stability, Economic indicators

This 2018 Article IV Consultation highlights that the headline inflation in Hungary has started to pick up, mainly owing to higher energy prices, while core inflation has been running sideways over the past six mon...

Hungary: Selected Issues

Hungary: Selected Issues »

Source: Hungary : Selected Issues

Volume/Issue: 2017/124

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2017

ISBN: 9781484300473

Keywords: Hungary, Europe

This Selected Issues paper reviews the relationship between real GDP growth and domestic bank lending to the private sector in Hungary after the global financial crisis, It draws on a cross-country analysis of Euro...

Hungary: Selected Issues

Hungary: Selected Issues »

Source: Hungary : Selected Issues

Volume/Issue: 2017/124

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2017

ISBN: 9781484300473

Keywords: Hungary, Europe

This Selected Issues paper reviews the relationship between real GDP growth and domestic bank lending to the private sector in Hungary after the global financial crisis, It draws on a cross-country analysis of Euro...

Hungary: Selected Issues

Hungary: Selected Issues »

Source: Hungary : Selected Issues

Volume/Issue: 2017/124

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2017

ISBN: 9781484300473

Keywords: Hungary, Europe

This Selected Issues paper reviews the relationship between real GDP growth and domestic bank lending to the private sector in Hungary after the global financial crisis, It draws on a cross-country analysis of Euro...

Hungary: Staff Report for the 2017 Article IV Consultation

Hungary: Staff Report for the 2017 Article IV Consultation »

Source: Hungary : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary

Volume/Issue: 2017/123

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2017

ISBN: 9781484300459

Keywords: Europe, Hungary

This 2017 Article IV Consultation highlights Hungary's several consecutive years of high growth and debt reduction. The pickup in growth was supported by high use of EU funds, a favorable external environment, and...

Hungary: Staff Report for the 2017 Article IV Consultation—Informational Annex

Hungary: Staff Report for the 2017 Article IV Consultation—Informational Annex »

Source: Hungary : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary

Volume/Issue: 2017/123

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2017

ISBN: 9781484300459

Keywords: Europe, Hungary

This 2017 Article IV Consultation highlights Hungary's several consecutive years of high growth and debt reduction. The pickup in growth was supported by high use of EU funds, a favorable external environment, and...

IMF Executive Board Concludes Article IV Consultation with Hungary

IMF Executive Board Concludes Article IV Consultation with Hungary »

Source: Hungary : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary

Volume/Issue: 2017/123

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2017

ISBN: 9781484300459

Keywords: Europe, Hungary

This 2017 Article IV Consultation highlights Hungary's several consecutive years of high growth and debt reduction. The pickup in growth was supported by high use of EU funds, a favorable external environment, and...

Hungary
			: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary

Hungary : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary »

Volume/Issue: 2017/123

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2017

DOI: http://dx.doi.org/10.5089/9781484300459.002

ISBN: 9781484300459

Keywords: Europe, Hungary

This 2017 Article IV Consultation highlights Hungary's several consecutive years of high growth and debt reduction. The pickup in growth was supported by high use of EU funds, a favorable external environment, and...

Hungary
			: Selected Issues

Hungary : Selected Issues »

Volume/Issue: 2017/124

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2017

DOI: http://dx.doi.org/10.5089/9781484300473.002

ISBN: 9781484300473

Keywords: Hungary, Europe

This Selected Issues paper reviews the relationship between real GDP growth and domestic bank lending to the private sector in Hungary after the global financial crisis, It draws on a cross-country analysis of Euro...

Statement by Michaela Erbenova, Executive Director for Hungary and Bertalan Varga, Senior Advisor to Executive Director, May 10, 2017

Statement by Michaela Erbenova, Executive Director for Hungary and Bertalan Varga, Senior Advisor to Executive Director, May 10, 2017 »

Source: Hungary : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary

Volume/Issue: 2017/123

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2017

ISBN: 9781484300459

Keywords: Europe, Hungary

This 2017 Article IV Consultation highlights Hungary's several consecutive years of high growth and debt reduction. The pickup in growth was supported by high use of EU funds, a favorable external environment, and...

Statement by the Staff Representative on Hungary Executive Board Meeting, May 10, 2017

Statement by the Staff Representative on Hungary Executive Board Meeting, May 10, 2017 »

Source: Hungary : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary

Volume/Issue: 2017/123

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2017

ISBN: 9781484300459

Keywords: Europe, Hungary

This 2017 Article IV Consultation highlights Hungary's several consecutive years of high growth and debt reduction. The pickup in growth was supported by high use of EU funds, a favorable external environment, and...

Hungary: Staff Report for the 2016 Article IV Consultation

Hungary: Staff Report for the 2016 Article IV Consultation »

Source: Hungary : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary

Volume/Issue: 2016/107

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 April 2016

ISBN: 9781475517927

Keywords: debt, market, monetary fund, investment, inflation

This paper discusses backgrounds and recent developments in the economy of Hungary. The Hungarian economy has been growing at a robust pace over the past few years helped by supportive macroeconomic policies, a fav...

Hungary: Staff Report for the 2016 Article IV Consultation—Informational Annex

Hungary: Staff Report for the 2016 Article IV Consultation—Informational Annex »

Source: Hungary : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary

Volume/Issue: 2016/107

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 April 2016

ISBN: 9781475517927

Keywords: debt, market, monetary fund, investment, inflation

This paper discusses backgrounds and recent developments in the economy of Hungary. The Hungarian economy has been growing at a robust pace over the past few years helped by supportive macroeconomic policies, a fav...

IMF Executive Board Concludes Article IV Consultation with Hungary

IMF Executive Board Concludes Article IV Consultation with Hungary »

Source: Hungary : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary

Volume/Issue: 2016/107

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 April 2016

ISBN: 9781475517927

Keywords: debt, market, monetary fund, investment, inflation

This paper discusses backgrounds and recent developments in the economy of Hungary. The Hungarian economy has been growing at a robust pace over the past few years helped by supportive macroeconomic policies, a fav...

Hungary
			: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary

Hungary : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary »

Volume/Issue: 2016/107

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 April 2016

DOI: http://dx.doi.org/10.5089/9781475517927.002

ISBN: 9781475517927

Keywords: debt, market, monetary fund, investment, inflation

This paper discusses backgrounds and recent developments in the economy of Hungary. The Hungarian economy has been growing at a robust pace over the past few years helped by supportive macroeconomic policies, a fav...

Statement by Szilard Benk, Alternate Executive Director for Hungary, April 22, 2016

Statement by Szilard Benk, Alternate Executive Director for Hungary, April 22, 2016 »

Source: Hungary : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Hungary

Volume/Issue: 2016/107

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 April 2016

ISBN: 9781475517927

Keywords: debt, market, monetary fund, investment, inflation

This paper discusses backgrounds and recent developments in the economy of Hungary. The Hungarian economy has been growing at a robust pace over the past few years helped by supportive macroeconomic policies, a fav...

I. Recent Developments, Outlook, and Risks

I. Recent Developments, Outlook, and Risks »

Source: Regional Economic Issues, November 2015, Europe

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2015

ISBN: 9781513528731

Keywords: taxes, expenditure, revenue, tax, budget

While a modest contraction in activity is expected this year for the Central, Eastern and Southeastern Europe (CESEE) as a whole, this reflects widely divergent country-specific developments. Mo...

II. Fiscal Consolidation in CESEE and ITS Long-Term Impact on Growth

II. Fiscal Consolidation in CESEE and ITS Long-Term Impact on Growth »

Source: Regional Economic Issues, November 2015, Europe

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2015

ISBN: 9781513528731

Keywords: taxes, expenditure, revenue, tax, budget

After the onset of the global financial crisis, economies in CESEE came under pressure to correct external and internal imbalances. By now, much of the external adjustment has taken place, via i...

III. Policy Priorities

III. Policy Priorities »

Source: Regional Economic Issues, November 2015, Europe

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2015

ISBN: 9781513528731

Keywords: taxes, expenditure, revenue, tax, budget

Supporting domestic demand, addressing crisis legacies, rebuilding buffers against external shocks, and improving the business environment to boost investment and long-term growth are still the...

Regional Economic Issues, November 2015, Europe

Regional Economic Issues, November 2015, Europe »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2015

DOI: http://dx.doi.org/10.5089/9781513528731.086

ISBN: 9781513528731

Keywords: taxes, expenditure, revenue, tax, budget

The key policy challenges facing countries in Central, Eastern, and Southeastern Europe remain broadly unchanged, among them supporting domestic demand, addressing financial crisis legacies, rebuilding buffers agai...

Back Matter

Back Matter »

Source: Regional Economic Issues, November 2015, Europe

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2015

ISBN: 9781513528731

Keywords: taxes, expenditure, revenue, tax, budget

The key policy challenges facing countries in Central, Eastern, and Southeastern Europe remain broadly unchanged, among them supporting domestic demand, addressing financial crisis legacies, rebuilding buffers agai...

Front Matter

Front Matter »

Source: Regional Economic Issues, November 2015, Europe

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2015

ISBN: 9781513528731

Keywords: taxes, expenditure, revenue, tax, budget

The key policy challenges facing countries in Central, Eastern, and Southeastern Europe remain broadly unchanged, among them supporting domestic demand, addressing financial crisis legacies, rebuilding buffers agai...

Hungary

Hungary »

Source: Hungary : Technical Assistance Report-Operational Aspects of Establishing an Asset Management Company

Volume/Issue: 2015/239

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 August 2015

ISBN: 9781513547299

Keywords: monetary fund, market, capital markets, markets

This Technical Assistance report examines Operational Aspects of Establishing an Asset Management Company. In November 2014, the Magyar Nemzeti Bank (MNB) established the Magyar Reorganizációs és Követeléskezelo (M...

Hungary
			: Technical Assistance Report-Operational Aspects of Establishing an Asset Management Company

Hungary : Technical Assistance Report-Operational Aspects of Establishing an Asset Management Company »

Volume/Issue: 2015/239

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 August 2015

DOI: http://dx.doi.org/10.5089/9781513547299.002

ISBN: 9781513547299

Keywords: monetary fund, market, capital markets, markets

This Technical Assistance report examines Operational Aspects of Establishing an Asset Management Company. In November 2014, the Magyar Nemzeti Bank (MNB) established the Magyar Reorganizációs és Követeléskezelo (M...

Exports in a Tariff-Free Environment

Exports in a Tariff-Free Environment »

Source: Exports in a Tariff-Free Environment : What Structural Reforms Matter? Evidence from the European Union Single Market

Volume/Issue: 2015/187

Series: IMF Working Papers

Author(s): Jesmin Rahman , Ara Stepanyan , Jessie Yang , and Li Zeng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2015

ISBN: 9781513552170

Keywords: Export integration, structural reform, supply chain, new member states, environment, trade, incentives, Country and Industry Studies of Trade,

How do countries enhance their exports of goods in a largely tariff-free environment? Our investigation of export performance of new member states in the European Union single market, which provides a natural contr...

Exports in a Tariff-Free Environment
			: What Structural Reforms Matter? Evidence from the European Union Single Market

Exports in a Tariff-Free Environment : What Structural Reforms Matter? Evidence from the European Union Single Market »

Volume/Issue: 2015/187

Series: IMF Working Papers

Author(s): Jesmin Rahman , Ara Stepanyan , Jessie Yang , and Li Zeng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2015

DOI: http://dx.doi.org/10.5089/9781513552170.001

ISBN: 9781513552170

Keywords: Export integration, structural reform, supply chain, new member states, environment, trade, incentives, Country and Industry Studies of Trade,

How do countries enhance their exports of goods in a largely tariff-free environment? Our investigation of export performance of new member states in the European Union single market, which provides a natural contr...

Global Financial Spillovers to Emerging Market Sovereign Bond Markets1

Global Financial Spillovers to Emerging Market Sovereign Bond Markets1 »

Source: Global Financial Spillovers to Emerging Market Sovereign Bond Markets

Volume/Issue: 2015/141

Series: IMF Working Papers

Author(s): Christian Ebeke , and Annette Kyobe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2015

ISBN: 9781513552750

Keywords: Financial shocks, EM bond markets, Non-linearity, markets, currency, bond, holdings,

Foreign holdings of emerging markets (EMs) government bonds have increased substantially over the last decade. While foreign participation in local-currency sovereign bond markets provides an additional source of f...

Global Financial Spillovers to Emerging Market Sovereign Bond Markets

Global Financial Spillovers to Emerging Market Sovereign Bond Markets »

Volume/Issue: 2015/141

Series: IMF Working Papers

Author(s): Christian Ebeke , and Annette Kyobe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2015

DOI: http://dx.doi.org/10.5089/9781513552750.001

ISBN: 9781513552750

Keywords: Financial shocks, EM bond markets, Non-linearity, markets, currency, bond, holdings,

Foreign holdings of emerging markets (EMs) government bonds have increased substantially over the last decade. While foreign participation in local-currency sovereign bond markets provides an additional source of f...

Hungary

Hungary »

Source: Hungary : Technical Assistance Report-Operational Aspects of Establishing an Asset Management Company

Volume/Issue: 2015/99

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2015

ISBN: 9781475534313

Keywords: Corporate governance, Asset management, Financial institutions, Hungary, Technical Assistance, monetary fund, market, lending, loans

This Technical Assistance report highlights that the Hungarian economy is recovering gradually from a sharp recession. Restoring credit growth has become a central policy objective, seen as key to economic recovery...

Hungary
			: Technical Assistance Report-Operational Aspects of Establishing an Asset Management Company

Hungary : Technical Assistance Report-Operational Aspects of Establishing an Asset Management Company »

Volume/Issue: 2015/99

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2015

DOI: http://dx.doi.org/10.5089/9781475534313.002

ISBN: 9781475534313

Keywords: Corporate governance, Asset management, Financial institutions, Hungary, Technical Assistance, monetary fund, market, lending, loans

This Technical Assistance report highlights that the Hungarian economy is recovering gradually from a sharp recession. Restoring credit growth has become a central policy objective, seen as key to economic recovery...

Hungary: Selected Issues

Hungary: Selected Issues »

Source: Hungary : Selected Issues

Volume/Issue: 2015/93

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2015

ISBN: 9781484314555

Keywords: health, mortality, health outcomes, public health

This Selected Issues paper assesses the efficiency of public spending on health and education in Hungary, with a view to identifying potential efficiency gains and areas for reforms so as to lock in such gains. The...

Hungary: Selected Issues

Hungary: Selected Issues »

Source: Hungary : Selected Issues

Volume/Issue: 2015/93

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2015

ISBN: 9781484314555

Keywords: health, mortality, health outcomes, public health

This Selected Issues paper assesses the efficiency of public spending on health and education in Hungary, with a view to identifying potential efficiency gains and areas for reforms so as to lock in such gains. The...

Hungary: Selected Issues

Hungary: Selected Issues »

Source: Hungary : Selected Issues

Volume/Issue: 2015/93

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2015

ISBN: 9781484314555

Keywords: health, mortality, health outcomes, public health

This Selected Issues paper assesses the efficiency of public spending on health and education in Hungary, with a view to identifying potential efficiency gains and areas for reforms so as to lock in such gains. The...

Hungary: Selected Issues

Hungary: Selected Issues »

Source: Hungary : Selected Issues

Volume/Issue: 2015/93

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2015

ISBN: 9781484314555

Keywords: health, mortality, health outcomes, public health

This Selected Issues paper assesses the efficiency of public spending on health and education in Hungary, with a view to identifying potential efficiency gains and areas for reforms so as to lock in such gains. The...

Hungary: Staff Report for the 2015 Article IV Consultation

Hungary: Staff Report for the 2015 Article IV Consultation »

Source: Hungary : Staff Report for the 2015 Article IV Consultation

Volume/Issue: 2015/92

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2015

ISBN: 9781475546293

Keywords: debt, market, monetary fund, inflation

This 2015 Article IV Consultation highlights that the Hungarian economy is growing at a strong pace helped by accommodative macroeconomic policies and improved market sentiment. Driven by strong domestic demand, ou...

Hungary: Staff Report for the 2015 Article IV Consultation—Informational Annex

Hungary: Staff Report for the 2015 Article IV Consultation—Informational Annex »

Source: Hungary : Staff Report for the 2015 Article IV Consultation

Volume/Issue: 2015/92

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2015

ISBN: 9781475546293

Keywords: debt, market, monetary fund, inflation

This 2015 Article IV Consultation highlights that the Hungarian economy is growing at a strong pace helped by accommodative macroeconomic policies and improved market sentiment. Driven by strong domestic demand, ou...

IMF Executive Board Concludes Article IV Consultation with Hungary

IMF Executive Board Concludes Article IV Consultation with Hungary »

Source: Hungary : Staff Report for the 2015 Article IV Consultation

Volume/Issue: 2015/92

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2015

ISBN: 9781475546293

Keywords: debt, market, monetary fund, inflation

This 2015 Article IV Consultation highlights that the Hungarian economy is growing at a strong pace helped by accommodative macroeconomic policies and improved market sentiment. Driven by strong domestic demand, ou...

Hungary
			: Staff Report for the 2015 Article IV Consultation

Hungary : Staff Report for the 2015 Article IV Consultation »

Volume/Issue: 2015/92

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2015

DOI: http://dx.doi.org/10.5089/9781475546293.002

ISBN: 9781475546293

Keywords: debt, market, monetary fund, inflation

This 2015 Article IV Consultation highlights that the Hungarian economy is growing at a strong pace helped by accommodative macroeconomic policies and improved market sentiment. Driven by strong domestic demand, ou...

Hungary
			: Selected Issues

Hungary : Selected Issues »

Volume/Issue: 2015/93

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2015

DOI: http://dx.doi.org/10.5089/9781484314555.002

ISBN: 9781484314555

Keywords: health, mortality, health outcomes, public health

This Selected Issues paper assesses the efficiency of public spending on health and education in Hungary, with a view to identifying potential efficiency gains and areas for reforms so as to lock in such gains. The...

Statement by Szilard Benk, Alternate Executive Director for Hungary, March 27, 2015

Statement by Szilard Benk, Alternate Executive Director for Hungary, March 27, 2015 »

Source: Hungary : Staff Report for the 2015 Article IV Consultation

Volume/Issue: 2015/92

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2015

ISBN: 9781475546293

Keywords: debt, market, monetary fund, inflation

This 2015 Article IV Consultation highlights that the Hungarian economy is growing at a strong pace helped by accommodative macroeconomic policies and improved market sentiment. Driven by strong domestic demand, ou...

Statement by the Staff Representative on Hungary Executive Board Meeting, March 27, 2015

Statement by the Staff Representative on Hungary Executive Board Meeting, March 27, 2015 »

Source: Hungary : Staff Report for the 2015 Article IV Consultation

Volume/Issue: 2015/92

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2015

ISBN: 9781475546293

Keywords: debt, market, monetary fund, inflation

This 2015 Article IV Consultation highlights that the Hungarian economy is growing at a strong pace helped by accommodative macroeconomic policies and improved market sentiment. Driven by strong domestic demand, ou...

Are Non-Euro Area EU Countries Importing Low Inflation from the Euro Area?

Are Non-Euro Area EU Countries Importing Low Inflation from the Euro Area? »

Source: Are Non-Euro Area EU Countries Importing Low Inflation from the Euro Area?

Volume/Issue: 2014/191

Series: IMF Working Papers

Author(s): Plamen Iossifov , and Jiri Podpiera

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 October 2014

ISBN: 9781484300527

Keywords: monetary policy, inflationary expectations, monetary fund

The synchronized disinflation across Europe since end-2011 raises the question of whether non-euro area EU countries are affected by the undershooting of the euro area inflation target. To shed light on this issue,...

Are Non-Euro Area EU Countries Importing Low Inflation from the Euro Area?

Are Non-Euro Area EU Countries Importing Low Inflation from the Euro Area? »

Volume/Issue: 2014/191

Series: IMF Working Papers

Author(s): Plamen Iossifov , and Jiri Podpiera

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 October 2014

DOI: http://dx.doi.org/10.5089/9781484300527.001

ISBN: 9781484300527

Keywords: monetary policy, inflationary expectations, monetary fund

The synchronized disinflation across Europe since end-2011 raises the question of whether non-euro area EU countries are affected by the undershooting of the euro area inflation target. To shed light on this issue,...

Tax Buoyancy in OECD Countries

Tax Buoyancy in OECD Countries »

Volume/Issue: 2014/110

Series: IMF Working Papers

Author(s): Vincent Belinga , Dora Benedek , Ruud A. Mooij , and John Norregaard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 June 2014

DOI: http://dx.doi.org/10.5089/9781498305075.001

ISBN: 9781498305075

Keywords: Tax buoyancy, Error Correction Model, total tax revenue, tax revenues, Forecasts of Budgets, Deficits, and Debt,

By how much will faster economic growth boost government revenue? This paper estimates short- and long-run tax buoyancy in OECD countries between 1965 and 2012. We find that, for aggregate tax revenues, short-run t...

Tax Buoyancy in OECD Countries

Tax Buoyancy in OECD Countries »

Source: Tax Buoyancy in OECD Countries

Volume/Issue: 2014/110

Series: IMF Working Papers

Author(s): Vincent Belinga , Dora Benedek , Ruud A. Mooij , and John Norregaard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 June 2014

ISBN: 9781498305075

Keywords: Tax buoyancy, Error Correction Model, total tax revenue, tax revenues, Forecasts of Budgets, Deficits, and Debt,

By how much will faster economic growth boost government revenue? This paper estimates short- and long-run tax buoyancy in OECD countries between 1965 and 2012. We find that, for aggregate tax revenues, short-run t...

Small and Medium Size Enterprises, Credit Supply Shocks, and Economic Recovery in Europe

Small and Medium Size Enterprises, Credit Supply Shocks, and Economic Recovery in Europe »

Volume/Issue: 2014/98

Series: IMF Working Papers

Author(s): Nir Klein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 June 2014

DOI: http://dx.doi.org/10.5089/9781498303590.001

ISBN: 9781498303590

Keywords: SMEs, Credit Supply Shocks, Panel VAR, gdp growth, real gdp, economic growth, medium size enterprises, Panel VAR.,

The limited access to bank credit in recent years has increased the pressure on small and medium size enterprises (SMEs), forcing them to scale down investment plans and production. This paper, which explores the m...

Small and Medium Size Enterprises, Credit Supply Shocks, and Economic Recovery in Europe

Small and Medium Size Enterprises, Credit Supply Shocks, and Economic Recovery in Europe »

Source: Small and Medium Size Enterprises, Credit Supply Shocks, and Economic Recovery in Europe

Volume/Issue: 2014/98

Series: IMF Working Papers

Author(s): Nir Klein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 June 2014

ISBN: 9781498303590

Keywords: SMEs, Credit Supply Shocks, Panel VAR, gdp growth, real gdp, economic growth, medium size enterprises, Panel VAR.,

The limited access to bank credit in recent years has increased the pressure on small and medium size enterprises (SMEs), forcing them to scale down investment plans and production. This paper, which explores the m...

Hungary: Selected Issues

Hungary: Selected Issues »

Source: Hungary : Selected Issues

Volume/Issue: 2014/156

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 June 2014

ISBN: 9781498379861

Keywords: output growth, labor market, labor participation rate, labor participation, unemployment rate

This Selected Issues paper assesses recent trends in Hungary's potential growth and medium-term growth prospects. It analyzes to what extent the recent moderation of GDP growth reflects structural factors. The pape...

Hungary: Selected Issues

Hungary: Selected Issues »

Source: Hungary : Selected Issues

Volume/Issue: 2014/156

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 June 2014

ISBN: 9781498379861

Keywords: output growth, labor market, labor participation rate, labor participation, unemployment rate

This Selected Issues paper assesses recent trends in Hungary's potential growth and medium-term growth prospects. It analyzes to what extent the recent moderation of GDP growth reflects structural factors. The pape...

Hungary: Selected Issues

Hungary: Selected Issues »

Source: Hungary : Selected Issues

Volume/Issue: 2014/156

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 June 2014

ISBN: 9781498379861

Keywords: output growth, labor market, labor participation rate, labor participation, unemployment rate

This Selected Issues paper assesses recent trends in Hungary's potential growth and medium-term growth prospects. It analyzes to what extent the recent moderation of GDP growth reflects structural factors. The pape...

Hungary: Staff Report for the 2014 Article IV Consultation

Hungary: Staff Report for the 2014 Article IV Consultation »

Source: Hungary : Staff Report for the 2014 Article IV Consultation

Volume/Issue: 2014/155

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 June 2014

ISBN: 9781498395069

Keywords: external debt, current account, central bank, external financing

This 2014 Article IV Consultation highlights that Hungary's economy has emerged from the 2012 recession and posted 1.1 percent growth in 2013, mainly driven by government investment and consumption, and also net ex...

IMF Executive Board Concludes 2014 Article IV Consultation with Hungary

IMF Executive Board Concludes 2014 Article IV Consultation with Hungary »

Source: Hungary : Staff Report for the 2014 Article IV Consultation

Volume/Issue: 2014/155

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 June 2014

ISBN: 9781498395069

Keywords: external debt, current account, central bank, external financing

This 2014 Article IV Consultation highlights that Hungary's economy has emerged from the 2012 recession and posted 1.1 percent growth in 2013, mainly driven by government investment and consumption, and also net ex...

Hungary
			: Selected Issues

Hungary : Selected Issues »

Volume/Issue: 2014/156

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 June 2014

DOI: http://dx.doi.org/10.5089/9781498379861.002

ISBN: 9781498379861

Keywords: output growth, labor market, labor participation rate, labor participation, unemployment rate

This Selected Issues paper assesses recent trends in Hungary's potential growth and medium-term growth prospects. It analyzes to what extent the recent moderation of GDP growth reflects structural factors. The pape...

Hungary
			: Staff Report for the 2014 Article IV Consultation

Hungary : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/155

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 June 2014

DOI: http://dx.doi.org/10.5089/9781498395069.002

ISBN: 9781498395069

Keywords: external debt, current account, central bank, external financing

This 2014 Article IV Consultation highlights that Hungary's economy has emerged from the 2012 recession and posted 1.1 percent growth in 2013, mainly driven by government investment and consumption, and also net ex...

Staff Report for the 2014 Article IV Consultation—Informational Annex

Staff Report for the 2014 Article IV Consultation—Informational Annex »

Source: Hungary : Staff Report for the 2014 Article IV Consultation

Volume/Issue: 2014/155

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 June 2014

ISBN: 9781498395069

Keywords: external debt, current account, central bank, external financing

This 2014 Article IV Consultation highlights that Hungary's economy has emerged from the 2012 recession and posted 1.1 percent growth in 2013, mainly driven by government investment and consumption, and also net ex...

Statement by Mr. Prader and Mr. Benk on Hungary, May 23, 2014

Statement by Mr. Prader and Mr. Benk on Hungary, May 23, 2014 »

Source: Hungary : Staff Report for the 2014 Article IV Consultation

Volume/Issue: 2014/155

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 June 2014

ISBN: 9781498395069

Keywords: external debt, current account, central bank, external financing

This 2014 Article IV Consultation highlights that Hungary's economy has emerged from the 2012 recession and posted 1.1 percent growth in 2013, mainly driven by government investment and consumption, and also net ex...

Inflation Reports and Models
			: How Well Do Central Banks Really Write?

Inflation Reports and Models : How Well Do Central Banks Really Write? »

Volume/Issue: 2014/91

Series: IMF Working Papers

Author(s): Ales Bulir , Jaromír Hurník , and Katerina Smidkova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 May 2014

DOI: http://dx.doi.org/10.5089/9781498387613.001

ISBN: 9781498387613

Keywords: Kalman filter, monetary policy communication, inflation, central bank, aggregate demand, Forecasting and Simulation, Forecasting and Simulation,

We offer a novel methodology for assessing the quality of inflation reports. In contrast to the existing literature, which mostly evaluates the formal quality of these reports, we evaluate their economic content by...

Inflation Reports and Models

Inflation Reports and Models »

Source: Inflation Reports and Models : How Well Do Central Banks Really Write?

Volume/Issue: 2014/91

Series: IMF Working Papers

Author(s): Ales Bulir , Jaromír Hurník , and Katerina Smidkova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 May 2014

ISBN: 9781498387613

Keywords: Kalman filter, monetary policy communication, inflation, central bank, aggregate demand, Forecasting and Simulation, Forecasting and Simulation,

We offer a novel methodology for assessing the quality of inflation reports. In contrast to the existing literature, which mostly evaluates the formal quality of these reports, we evaluate their economic content by...

Sovereign CDS Spreads in Europe
			: The Role of Global Risk Aversion, Economic Fundamentals, Liquidity, and Spillovers

Sovereign CDS Spreads in Europe : The Role of Global Risk Aversion, Economic Fundamentals, Liquidity, and Spillovers »

Volume/Issue: 2014/17

Series: IMF Working Papers

Author(s): Frigyes Heinz , and Yan Sun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2014

DOI: http://dx.doi.org/10.5089/9781484393017.001

ISBN: 9781484393017

Keywords: CESEE countries, financial spillovers, CDS spreads, debt threshold, current account, public debt, current account balance, Financial Markets and the Macroeconomy, Asset Pricing,

By analysing data from January 2007 to December 2012 in a panel GLS error correction framework we find that European countries' sovereign CDS spreads are largely driven by global investor sentiment, macroeconomic f...

Sovereign CDS Spreads in Europe: The Role of Global Risk Aversion, Economic Fundamentals, Liquidity, and Spillovers

Sovereign CDS Spreads in Europe: The Role of Global Risk Aversion, Economic Fundamentals, Liquidity, and Spillovers »

Source: Sovereign CDS Spreads in Europe : The Role of Global Risk Aversion, Economic Fundamentals, Liquidity, and Spillovers

Volume/Issue: 2014/17

Series: IMF Working Papers

Author(s): Frigyes Heinz , and Yan Sun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2014

ISBN: 9781484393017

Keywords: CESEE countries, financial spillovers, CDS spreads, debt threshold, current account, public debt, current account balance, Financial Markets and the Macroeconomy, Asset Pricing,

By analysing data from January 2007 to December 2012 in a panel GLS error correction framework we find that European countries' sovereign CDS spreads are largely driven by global investor sentiment, macroeconomic f...

The Composition of Fiscal Consolidation Matters

The Composition of Fiscal Consolidation Matters »

Source: The Composition of Fiscal Consolidation Matters : Policy Simulations for Hungary

Volume/Issue: 2013/207

Series: IMF Working Papers

Author(s): Alejandro Guerson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2013

ISBN: 9781484305225

Keywords: DSGE models, overlapping generations households, liquidity constrained households, financial accelerator, macro-financial linkages, investment, goods, consumption, gdp, taxes

This paper evaluates policy alternatives to achieve permanent fiscal consolidation in Hungary, based on a general equilibrium calibration. The main finding is that the composition of the consolidation, as determine...

The Composition of Fiscal Consolidation Matters
			: Policy Simulations for Hungary

The Composition of Fiscal Consolidation Matters : Policy Simulations for Hungary »

Volume/Issue: 2013/207

Series: IMF Working Papers

Author(s): Alejandro Guerson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2013

DOI: http://dx.doi.org/10.5089/9781484305225.001

ISBN: 9781484305225

Keywords: DSGE models, overlapping generations households, liquidity constrained households, financial accelerator, macro-financial linkages, investment, goods, consumption, gdp, taxes

This paper evaluates policy alternatives to achieve permanent fiscal consolidation in Hungary, based on a general equilibrium calibration. The main finding is that the composition of the consolidation, as determine...

Determinants of Sovereign Bond Spreads in Emerging Markets

Determinants of Sovereign Bond Spreads in Emerging Markets »

Source: Determinants of Sovereign Bond Spreads in Emerging Markets : Local Fundamentals and Global Factors vs. Ever-Changing Misalignments

Volume/Issue: 2013/164

Series: IMF Working Papers

Author(s): Balazs Csonto , and Iryna Ivaschenko

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2013

ISBN: 9781475573206

Keywords: Emerging market debt, spreads, misalignment, bond, bond spreads, emerging market bond, market bond, Asset Pricing,

We analyze the relationship between global and country-specific factors and emerging market debt spreads from three different angles. First, we aim to disentangle the effect of global and country-specific developme...

Determinants of Sovereign Bond Spreads in Emerging Markets
			: Local Fundamentals and Global Factors vs. Ever-Changing Misalignments

Determinants of Sovereign Bond Spreads in Emerging Markets : Local Fundamentals and Global Factors vs. Ever-Changing Misalignments »

Volume/Issue: 2013/164

Series: IMF Working Papers

Author(s): Balazs Csonto , and Iryna Ivaschenko

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2013

DOI: http://dx.doi.org/10.5089/9781475573206.001

ISBN: 9781475573206

Keywords: Emerging market debt, spreads, misalignment, bond, bond spreads, emerging market bond, market bond, Asset Pricing,

We analyze the relationship between global and country-specific factors and emerging market debt spreads from three different angles. First, we aim to disentangle the effect of global and country-specific developme...

Hungary

Hungary »

Source: Hungary : Selected Issues Paper

Volume/Issue: 2013/86

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 March 2013

ISBN: 9781484310212

Keywords: gdp growth, banking, real gdp, banking system

Non-performing loans (NPLs) were found to respond to macroeconomic conditions, such as GDP growth, unemployment, and inflation; there are also strong feedback effects from the banking system to the real economy. Th...

Hungary: Selected Issues

Hungary: Selected Issues »

Source: Hungary : Selected Issues Paper

Volume/Issue: 2013/86

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 March 2013

ISBN: 9781484310212

Keywords: gdp growth, banking, real gdp, banking system

Non-performing loans (NPLs) were found to respond to macroeconomic conditions, such as GDP growth, unemployment, and inflation; there are also strong feedback effects from the banking system to the real economy. Th...

Hungary: Staff Report for the 2013 Article IV Consultation and Third Post Program Monitoring Discussions

Hungary: Staff Report for the 2013 Article IV Consultation and Third Post Program Monitoring Discussions »

Source: Hungary : 2013 Article IV Consultation and Third Post Program Monitoring Discussions-Staff Report; Informational Annex; Public Information Notice; and Statement by the Executive Director

Volume/Issue: 2013/85

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 March 2013

ISBN: 9781484398388

Keywords: current account, central bank

This paper presents 2013 Article IV Consultation and Third Post Program Monitoring discussions on Hungry. While the output gap remains sizable, inflation expectations are not well anchored, and after seven consecut...

Hungary: Staff Report for the 2013 Article IV Consultation and Third Post-Program Monitoring Discussions—Informational Annex

Hungary: Staff Report for the 2013 Article IV Consultation and Third Post-Program Monitoring Discussions—Informational Annex »

Source: Hungary : 2013 Article IV Consultation and Third Post Program Monitoring Discussions-Staff Report; Informational Annex; Public Information Notice; and Statement by the Executive Director

Volume/Issue: 2013/85

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 March 2013

ISBN: 9781484398388

Keywords: current account, central bank

This paper presents 2013 Article IV Consultation and Third Post Program Monitoring discussions on Hungry. While the output gap remains sizable, inflation expectations are not well anchored, and after seven consecut...

IMF Executive Board Concludes 2013 Article IV Consultation and Third Post-Program Monitoring Discussions with Hungary

IMF Executive Board Concludes 2013 Article IV Consultation and Third Post-Program Monitoring Discussions with Hungary »

Source: Hungary : 2013 Article IV Consultation and Third Post Program Monitoring Discussions-Staff Report; Informational Annex; Public Information Notice; and Statement by the Executive Director

Volume/Issue: 2013/85

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 March 2013

ISBN: 9781484398388

Keywords: current account, central bank

This paper presents 2013 Article IV Consultation and Third Post Program Monitoring discussions on Hungry. While the output gap remains sizable, inflation expectations are not well anchored, and after seven consecut...

Hungary
			: Selected Issues Paper

Hungary : Selected Issues Paper »

Volume/Issue: 2013/86

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 March 2013

DOI: http://dx.doi.org/10.5089/9781484310212.002

ISBN: 9781484310212

Keywords: gdp growth, banking, real gdp, banking system

Non-performing loans (NPLs) were found to respond to macroeconomic conditions, such as GDP growth, unemployment, and inflation; there are also strong feedback effects from the banking system to the real economy. Th...

Hungary
			: 2013 Article IV Consultation and Third Post Program Monitoring Discussions-Staff Report; Informational Annex; Public Information Notice; and Statement by the Executive Director

Hungary : 2013 Article IV Consultation and Third Post Program Monitoring Discussions-Staff Report; Informational Annex; Public Information Notice; and Statement by the Executive Director »

Volume/Issue: 2013/85

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 March 2013

DOI: http://dx.doi.org/10.5089/9781484398388.002

ISBN: 9781484398388

Keywords: current account, central bank

This paper presents 2013 Article IV Consultation and Third Post Program Monitoring discussions on Hungry. While the output gap remains sizable, inflation expectations are not well anchored, and after seven consecut...

Statement by Mr. Prader and Mr. Benk on Hungary, March 18, 2013

Statement by Mr. Prader and Mr. Benk on Hungary, March 18, 2013 »

Source: Hungary : 2013 Article IV Consultation and Third Post Program Monitoring Discussions-Staff Report; Informational Annex; Public Information Notice; and Statement by the Executive Director

Volume/Issue: 2013/85

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 March 2013

ISBN: 9781484398388

Keywords: current account, central bank

This paper presents 2013 Article IV Consultation and Third Post Program Monitoring discussions on Hungry. While the output gap remains sizable, inflation expectations are not well anchored, and after seven consecut...

Taxation, Bank Leverage, and Financial Crises

Taxation, Bank Leverage, and Financial Crises »

Volume/Issue: 2013/48

Series: IMF Working Papers

Author(s): Ruud A. Mooij , Michael Keen , and Masanori Orihara

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 February 2013

DOI: http://dx.doi.org/10.5089/9781475577709.001

ISBN: 9781475577709

Keywords: Bank taxation, corporate tax, debt bias, leverage, banking crisis, banking, financial crisis, banking crises, systemic banking crisis, Business Taxes and Subsidies,

That most corporate tax systems favor debt over equity finance is now widely recognized as, potentially, amplifying risks to financial stability. This paper makes a first attempt to explore, empirically, the link b...

Taxation, Bank Leverage, and Financial Crises

Taxation, Bank Leverage, and Financial Crises »

Source: Taxation, Bank Leverage, and Financial Crises

Volume/Issue: 2013/48

Series: IMF Working Papers

Author(s): Ruud A. Mooij , Michael Keen , and Masanori Orihara

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 February 2013

ISBN: 9781475577709

Keywords: Bank taxation, corporate tax, debt bias, leverage, banking crisis, banking, financial crisis, banking crises, systemic banking crisis, Business Taxes and Subsidies,

That most corporate tax systems favor debt over equity finance is now widely recognized as, potentially, amplifying risks to financial stability. This paper makes a first attempt to explore, empirically, the link b...

Dealing with Private Debt Distress in the Wake of the European Financial Crisis  A Review of the Economics and Legal Toolbox

Dealing with Private Debt Distress in the Wake of the European Financial Crisis A Review of the Economics and Legal Toolbox »

Source: Dealing with Private Debt Distress in the Wake of the European Financial Crisis A Review of the Economics and Legal Toolbox

Volume/Issue: 2013/44

Series: IMF Working Papers

Author(s): Yan Liu , and Christoph Rosenberg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2013

ISBN: 9781475544305

Keywords: private sector debt, household insolvency, corporate insolvency, insolvency, insolvency law, Personal Bankruptcy Law,

The private non-financial sector in Europe is facing increased challenges in meeting its debt servicing obligation. In response, governments are revisiting legal tools and-in some cases-institutional arrangements t...

Dealing with Private Debt Distress in the Wake of the European Financial Crisis  A Review of the Economics and Legal Toolbox

Dealing with Private Debt Distress in the Wake of the European Financial Crisis A Review of the Economics and Legal Toolbox »

Volume/Issue: 2013/44

Series: IMF Working Papers

Author(s): Yan Liu , and Christoph Rosenberg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2013

DOI: http://dx.doi.org/10.5089/9781475544305.001

ISBN: 9781475544305

Keywords: private sector debt, household insolvency, corporate insolvency, insolvency, insolvency law, Personal Bankruptcy Law,

The private non-financial sector in Europe is facing increased challenges in meeting its debt servicing obligation. In response, governments are revisiting legal tools and-in some cases-institutional arrangements t...

Bond Yields in Emerging Economies

Bond Yields in Emerging Economies »

Source: Bond Yields in Emerging Economies : It Matters What State You Are In

Volume/Issue: 2012/198

Series: IMF Working Papers

Author(s): Laura Jaramillo , and Anke Weber

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2012

ISBN: 9781475505481

Keywords: Emerging Market Economies, Fiscal Deficit, bond, bond yields, domestic bond, Financial Markets and the Macroeconomy,

While many studies have looked into the determinants of yields on externally issued sovereign bonds of emerging economies, analysis of domestically issued bonds has hitherto been limited, despite their growing rele...

Bond Yields in Emerging Economies
			: It Matters What State You Are In

Bond Yields in Emerging Economies : It Matters What State You Are In »

Volume/Issue: 2012/198

Series: IMF Working Papers

Author(s): Laura Jaramillo , and Anke Weber

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2012

DOI: http://dx.doi.org/10.5089/9781475505481.001

ISBN: 9781475505481

Keywords: Emerging Market Economies, Fiscal Deficit, bond, bond yields, domestic bond, Financial Markets and the Macroeconomy,

While many studies have looked into the determinants of yields on externally issued sovereign bonds of emerging economies, analysis of domestically issued bonds has hitherto been limited, despite their growing rele...

Reforming the Public Pension System in the Russian Federation

Reforming the Public Pension System in the Russian Federation »

Volume/Issue: 2012/201

Series: IMF Working Papers

Author(s): Frank Eich , Mauricio Soto , and Charleen Gust

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2012

DOI: http://dx.doi.org/10.5089/9781475505511.001

ISBN: 9781475505511

Keywords: Russia, pension reform, pension, pension system, pension spending, retirement, Social Security and Public Pensions,

Pension reform is a key policy challenge in Russia. This paper examines how pension spending could increase in Russia in the absence of reforms, quantifies the impact of some recent proposals, and suggests some alt...

Reforming the Public Pension System in the Russian Federation

Reforming the Public Pension System in the Russian Federation »

Source: Reforming the Public Pension System in the Russian Federation

Volume/Issue: 2012/201

Series: IMF Working Papers

Author(s): Frank Eich , Mauricio Soto , and Charleen Gust

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2012

ISBN: 9781475505511

Keywords: Russia, pension reform, pension, pension system, pension spending, retirement, Social Security and Public Pensions,

Pension reform is a key policy challenge in Russia. This paper examines how pension spending could increase in Russia in the absence of reforms, quantifies the impact of some recent proposals, and suggests some alt...

Local Governments' Fiscal Balance, Privatization, and Banking Sector Reform in Transition Countries

Local Governments' Fiscal Balance, Privatization, and Banking Sector Reform in Transition Countries »

Volume/Issue: 2012/146

Series: IMF Working Papers

Author(s): Ernesto Crivelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2012

DOI: http://dx.doi.org/10.5089/9781475504118.001

ISBN: 9781475504118

Keywords: Soft budget constraints, Transition, fiscal autonomy, budget constraints, fiscal discipline, State and Local Borrowing,

Several transition economies have undertaken fiscal decentralization reforms over the past two decades along with liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may...

Local Governments’ Fiscal Balance, Privatization, and Banking Sector Reform in Transition Countries

Local Governments’ Fiscal Balance, Privatization, and Banking Sector Reform in Transition Countries »

Source: Local Governments' Fiscal Balance, Privatization, and Banking Sector Reform in Transition Countries

Volume/Issue: 2012/146

Series: IMF Working Papers

Author(s): Ernesto Crivelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2012

ISBN: 9781475504118

Keywords: Soft budget constraints, Transition, fiscal autonomy, budget constraints, fiscal discipline, State and Local Borrowing,

Several transition economies have undertaken fiscal decentralization reforms over the past two decades along with liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may...

Fiscal Performance, Institutional Design and Decentralization in European Union Countries

Fiscal Performance, Institutional Design and Decentralization in European Union Countries »

Source: Fiscal Performance, Institutional Design and Decentralization in European Union Countries

Volume/Issue: 2012/45

Series: IMF Working Papers

Author(s): Luc Eyraud , Anita Tuladhar , Julio Escolano , Marialuz Moreno Badia , and Juliane Sarnes

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

ISBN: 9781463936464

Keywords: fiscal institutions, decentralization, subnational governments, fiscal performance, State and Local Taxation, Subsidies, and Revenue, Fiscal Policies and Behavior of Economic Agents: General,

This paper analyzes the impact of decentralization on overall fiscal performance in the European Union, taking into account fiscal institutional arrangements. We find that spending decentralization has been associa...

Fiscal Performance, Institutional Design and Decentralization in European Union Countries

Fiscal Performance, Institutional Design and Decentralization in European Union Countries »

Volume/Issue: 2012/45

Series: IMF Working Papers

Author(s): Luc Eyraud , Anita Tuladhar , Julio Escolano , Marialuz Moreno Badia , and Juliane Sarnes

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

DOI: http://dx.doi.org/10.5089/9781463936464.001

ISBN: 9781463936464

Keywords: fiscal institutions, decentralization, subnational governments, fiscal performance, State and Local Taxation, Subsidies, and Revenue, Fiscal Policies and Behavior of Economic Agents: General,

This paper analyzes the impact of decentralization on overall fiscal performance in the European Union, taking into account fiscal institutional arrangements. We find that spending decentralization has been associa...