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Content
2024
- 2024/2 Spillover Effects of Foreign Currency Loans: the Role of the Bank Lending Channel
by Palma Filep-Mosberger & Lorant Kaszab & Zhou Ren - 2024/1 Tamas Briglevics-Artashes Karapetyan-Steven Ongena-Ibolya Schindele: More Data, More Credit? Information Sharing and Bank Credit to Households
by Tamas Briglevics & Artashes Karapetyan & Steven Ongena & Schindele Ibolya
2023
- 2023/4 Recovering Stock Analysts’ Loss Functions from Buy/Sell Recommendations
by Viola Monostoriné Grolmusz - 2023/3 Optimal Forecast Combination Under Asymmetric Loss and Regime-Switching
by Viola Monostoriné Grolmusz - 2023/2 Endogenous Growth, Countercyclical Dividends, and Asset Prices
by Palma Filep-Mosberger & Lorant Kaszab & Zhou Ren - 2023/1 The Effect of Regulatory Requirements and ESG Promotion on Market Liquidity
by Peter Csoka & Judit Hever
2022
- 2022/6 A High Resolution Agent-based Model of the Hungarian Housing Market
by Bence Mero & Andras Borsos & Zsuzsanna Hosszu & Zsolt Olah & Nikolett Vago - 2022/6 Treasury Supply Shocks and the Term Structure of Interest Rates in the UK
by Andras Lengyel - 2022/5 Asset Pricing with Free Entry and Exit of Firms
by Lorant Kaszab & Ales Marsal & Katrin Rabitsch - 2022/4 Income Tax Evasion Estimation in Hungary
by Palma Filep-Mosberger & Adam Reiff - 2022/3 A simple framework for analyzing the macroeconomic effects of inside money
by Balazs Vilagi & Balazs Vonnak - 2022/2 Monetary Policy and Household Loan Supply: Volume and Composition Effects
by Gyozo Gyongyosi & Steven Ongena & Ibolya Schindele - 2022/1 The Anatomy of Consumption in a Household Foreign Currency Debt Crisis
by Gyozo Gyongyosi & Judit Rariga & Emil Verner
2021
- 2021/4 Estimating the Effect of Monetary Policy with Dissenting Votes as Instrument
by Balazs Vonnak - 2021/3 A Model-Based Comparison of Macroprudential Tools
by Eyno Rots & Barnabas Szekely - 2021/2 Interest Rate Rules, Rigidities and Inflation Risks in a Macro-Finance Model
by Roman Horvath & Lorant Kaszab & Ales Marsal - 2021/1 Spillover Effects in Firms' Bank Choice
by Palma Filep-Mosberger & Attila Lindner & Judit Rariga
2020
- 2020/7 The Effect of Public Work Programme in Hungary on Private Sector Wages
by Lajos Tamás Szabó - 2020/6 Shock Propagation in the Banking System with Real Economy Feedback
by Andras Borsos & Bence Mero - 2020/5 The bank lending channel during financial turmoil
by Marianna Endrész - 2020/4 Real-Time Weakness of the Global Economy: A First Assessment of the Coronavirus Crisis
by Danilo Leiva-Leon & Gabriel Pérez-Quirós & Eyno Rots - 2020/3 Equity Premium and Monetary Policy in a Model with Limited Asset Market Participation
by Roman Horvath & Lorant Kaszab & Ales Marsal - 2020/2 Household Debt Revaluation and the Real Economy: Evidence from a Foreign Currency Debt Crisis
by Emil Verner & Győző Gyöngyösi
2019
- 2019/4 The Effect of Tightness on Wages at the Regional Level in Three Central European Countries
by Lajos Tamás Szabó - 2019/3 Determinants of Fiscal Multipliers Revisited
by Roman Horvath & Lóránt Kaszab & Ales Marsal & Katrin Rabitsch - 2019/2 Fiscal Policy and the Nominal Term Premium
by Roman Horvath & Lóránt Kaszab & Ales Marsal - 2019/1 Macroprudential Policies in the EAGLE FLI Model Calibrated for Hungary
by Gábor Fukker & Lóránt Kaszab
2018
- 2018/3 Bank Efficiency Differences Across Central and Eastern Europe
by Barnabás Székely - 2018/2 Asymmetric Volatility Spillovers Between Developed And Developing European Countries
by Mattia Bevilacqua - 2018/1 News- Based Indices on Country Fundamentals: Do They Help Explain Sovereign Credit Spread Fluctuations?
by András Fülöp & Zalán Kocsis
2017
- 2017/9 FISS - A Factor Based Index of Systemic Stress in the Financial System
by Tibor Szendrei & Katalin Varga - 2017/8 Impact evaluation of EU subsidies for economic development on the Hungarian SME sector
by Ádám Banai & Péter Lang & Gábor Nagy & Martin Stancsics - 2017/7 The EAGLE model for Hungary - a global perspective
by László Békési & Lorant Kaszab & Szabolcs Szentmihályi - 2017/6 In Lands of Foreign Currency Credit, Bank Lending Channels Run Through?
by Steven Ongena & Ibolya Schindele & Dzsamila Vonnák - 2017/5 An agent based Keynesian model with credit cycles and countercyclical capital buffer
by Zsuzsanna Hosszú & Bence Mérõ - 2017/4 Public Wage Spillovers: The Role of Individual Characteristics and Employer Wage Policies
by Álmos Telegdy - 2017/3 A model of bank behaviour for the assessment of the potential balance sheet impact of the NSFR liquidity requirement
by Péter Lang - 2017/2 Cross-Border Portfolio Diversification under Trade Linkages
by Makram Khalil - 2017/1 Harmonic distances and systemic stability in heterogeneous interbank networks
by Gabor Fukker
2016
- 2016/4 The macroeconomic forecasting model of the MNB
by László Békési & Csaba Köber & Henrik Kucsera & Tímea Várnai & Balázs Világi - 2016/3 Accounting versus real production responses among firms to tax incentives: bunching evidence from Hungary
by Pálma Mosberger - 2016/2 A Long-Term Evaluation of Recent Hungarian Pension Reforms
by Christoph Freudenberg & Tamás Berki & Ádám Reiff - 2016/1 The impact of credit supply shocks and a new FCI based on a FAVAR approach
by Zsuzsanna Hosszú
2015
- 2015/5 Estimates of the Non-accelerating Inflation Rate of Unemployment (NAIRU) for Hungary
by Lajos Tamás Szabó - 2015/4 Learning and the Market for Housing
by Eyno Rots - 2015/3 A General Equilibrium Approach of Retail Payments
by Tamás Ilyés & Lóránt Varga - 2015/2 The Impact of the Magyar Nemzeti Bank's Funding for Growth Scheme on Firm Level Investment
by Marianna Endresz & Peter Harasztosi & Robert P. Lieli - 2015/1 Explaining Bond and Equity Premium Puzzles Jointly in a DSGE Model
by Lorant Kaszab & Ales Marsal
2014
- 2014/3 Carry Trade, Uncovered Interest Parity and Monetary Policy
by Dániel Felcser & Balázs Vonnák - 2014/2 Early warning indicators: financial and macroeconomic imbalances in Central and Eastern European countries
by Orsolya Csortos & Zoltán Szalai - 2014/1 Corporate Foreign Currency Borrowing and Investment. The Case of Hungary
by Marianna Endrész & Péter Harasztosi
2013
- 2013/3 Global, Regional and Country-Specific Components of Financial Market Indicators: An Extraction Method and Applications
by Zalán Kocsis - 2013/2 Sticky Price Inflation Index: An Alternative Core Inflation Measure
by Ádám Reiff & Judit Várhegyi - 2013/1 The Hungarian Monetary Policy Model
by Katalin Szilágyi & Dániel Baksa & Jaromir Benes & Ágnes Horváth & Csaba Köber & Gábor D. Soós
2012
- 2012/8 Currency mismatch and the sub-prime crisis: firm-level stylised facts from Hungary
by Mariann Endrész & Gyõzõ Gyöngyösi & Péter Harasztosi - 2012/7 Assessing changes of the Hungarian tax and transfer system: A general-equilibrium microsimulation approach
by Péter Benczúr & Gábor Kátay & Áron Kiss - 2012/6 Which Aspects of Central Bank Transparency Matter? Constructing a Weighted Transparency Index
by Csaba Csávás & Szilárd Erhart & Dániel Felcser & Anna Naszodi - 2012/5 The role of external and country specific factors in Hungarian inflation developments
by Balázs Krusper - 2012/4 Need for Speed: Is Faster Trade in the EU Trade-creating?
by Cecília Hornok - 2012/3 Is there a carry trade channel of monetary policy in emerging countries?
by Kornél Kisgergely - 2012/2 Voting by monetary policy committees: evidence from the CEE inflation-targeting countries
by Alexander Jung & Gergely Kiss - 2012/1 The Sectoral Effects of Monetary Policy in Hungary: A Structural Factor Analysis
by Gábor Pellényi
2011
- 2011/12 Growth in Hungary 1994-2008: The role of capital, labour, productivity and reallocation
by Péter Harasztosi - 2011/11 The elasticity of taxable income of high earners: Evidence from Hungary
by Áron Kiss & Pálma Mosberger - 2011/10 What drives cash demand? Transactional and residual cash demand in selected countries
by Sisak Balázs - 2011/9 Downward wage rigidity in Hungary
by Gábor Kátay - 2011/8 Asset prices and financial imbalances in CEE countries: macroeconomic risks and monetary strategy
by Zoltán Szalai - 2011/7 Identification of credit supply shocks in a Bayesian SVAR model of the Hungarian economy
by Bálint Tamási & Balázs Világi - 2011/6 Convergence and Distortions: the Czech Republic, Hungary and Poland between 1996–2009
by István Kónya - 2011/5 Fiscal Calculus in a New Keynesian Model with Labor Market Frictions
by Alessia Campolmi & Ester Faia & Roland Winkler - 2011/4 Labor Market Participation, Unemployment and Monetary Policy
by Alessia Campolmi & Stefano Gnocchi - 2011/3 Beating the Random Walk in Central and Eastern Europe by Survey Forecasts
by Anna Naszódi - 2011/2 Testing the asset pricing model of exchange rates with survey data
by Anna Naszódi - 2011/1 Business fixed investment and credit market frictions. A VECM approach for Hungary
by Marianna Endrész
2010
- 2010/12 Household inflation expectations and inflation dynamics
by Péter Gábriel - 2010/11 A Structural Vector Autoregressive (SVAR) model for the Hungarian labour market
by Zoltán M. Jakab & Éva Kaponya - 2010/10 Is exchange rate – customer order flow relationship linear? Evidence from the Hungarian FX market
by Yuliya Lovcha & Alejandro Perez-Laborda - 2010/9 Inter-industry wage differentials in EU countries: what do cross-country time varying data add to the picture?
by Philip Du Caju & Gábor Kátay & Ana Lamo & Daphne Nicolitsas & Steven Poelhekke - 2010/8 Optimality criteria of hybrid inflation-price level targeting
by László Bokor - 2010/7 Analysing currency risk premia in the Czech Republic, Hungary, Poland and Slovakia
by András Rezessy - 2010/6 Trade policy: home market effect versus terms of trade externality
by Alessia Campolmi & Harald Fadinger & Chiara Forlati - 2010/5 The role of financial market structure and the trade elasticity for monetary policy in open economies
by Katrin Rabitsch - 2010/4 Optimal simple monetary policy rules and welfare in a DSGE Model for Hungary
by Zoltán M. Jakab & Henrik Kucsera & Katalin Szilágyi & Balázs Világi - 2010/3 Inflation asymmetry, menu costs and aggregation bias – A further case for state dependent pricing
by Péter Karádi & Ádám Reiff - 2010/2 Firm-level adjustment costs and aggregate investment dynamics – Estimation on Hungarian data
by Ádám Reiff - 2010/1 Risk premium shocks, monetary policy and exchange rate pass-through in the Czech Republic, Hungary and Poland
by Balázs Vonnák
2009
- 2009/5 Driving Forces Behind Changes in the Aggregate Labour Force Participation in Hungary
by Gábor Kátay & Benedek Nobilis - 2009/4 Capital liberalization and the US external imbalance
by Elvira Prades & Katrin Rabitsch - 2009/3 Macroeconomic announcements, communication and order flow on the Hungarian foreign exchange market
by Michael Frömmel & Norbert Kiss M. & Klára Pintér - 2009/2 Minimumwage and tax evasion: theory and evidence
by Mirco Tonin - 2009/1 A joint macroeconomic-yield curve model for Hungary
by Zoltán Reppa
2008
- 2008/9 An estimated DSGE model of the Hungarian economy
by Zoltán M. Jakab & Balázs Világi - 2008/8 Do Firms ProvideWage Insurance Against Shocks? – Evidence from Hungary
by Gábor Kátay - 2008/7 The Elasticity of Taxable Income: Estimates and Flat Tax Predictions Using the Hungarian Tax Changes in 2005
by Péter Bakos & Péter Benczúr & Dóra Benedek - 2008/6 Driving Factors of Growth in Hungary - a Decomposition Exercise
by Gábor Kátay & Zoltán Wolf - 2008/5 Oil price shocks: Demand vs Supply in a two-country model
by Alessia Campolmi - 2008/4 The use of staff policy recommendations in central banks
by Attila Csajbók - 2008/3 Density forecast evaluation and the effect of risk-neutral central moments on the currency risk premium: tests based on EUR/HUF option-implied densities
by Csaba Csávás - 2008/2 Macro stress testing with sector specific bankruptcy models
by Marianna Valentinyi-Endrész & Zoltán Vásáry - 2008/1 Are the exchange rates of EMU candidate countries anchored by their expected euro locking rates?
by Anna Naszódi
2007
- 2007/6 Optimal monetary policy committee size: Theory and cross country evidence
by Szilárd Erhart & Jose-Luis Vasquez-Paz - 2007/5 Money Velocity in an Endogenous Growth Business Cycle with Credit Shocks
by Szilárd Benk & Max Gillman & Michal Kejak - 2007/4 How Frequently Does the Stock Price Jump? – An Analysis of High-Frequency Data with Microstructure Noises
by Jin-Chuan Duan & András Fülöp - 2007/3 The Hungarian Monetary Transmission Mechanism: an Assessment
by Balázs Vonnák - 2007/2 Convergence, capital accumulation and the nominal exchange rate
by Péter Benczúr & István Kónya - 2007/1 A Structural Empirical Analysis of Retail Banking Competition: the Case of Hungary
by József Molnár & Márton Nagy & Csilla Horváth
2006
- 2006/11 Pillar I treatment of concentrations in the banking book – a multifactor approach
by Zoltán Varsányi - 2006/10 Credit Growth in Central and Eastern Europe: Convergence or Boom?
by Gergely Kiss & Márton Nagy & Balázs Vonnák - 2006/9 The effect of the MNB’s communication on financial markets
by Péter Gábriel & Klára Pintér - 2006/8 Customer order flow, information and liquidity on the Hungarian foreign exchange market
by Áron Gereben & György Gyomai & Norbert Kiss M. - 2006/7 Is there a bank lending channel in Hungary? Evidence from bank panel data
by Csilla Horváth & Judit Krekó & Anna Naszódi - 2006/6 Risk in Dynamic Arbitrage: Price Effects of Convergence Trading
by Péter Kondor - 2006/5 Monetary Transmission Mechanism in Transition Economies: Surveying the Surveyable
by Balázs Égert & Ronald MacDonald - 2006/4 How does monetary policy affect aggregate demand? A multimodel approach for Hungary
by Zoltán M. Jakab & Viktor Várpalotai & Balázs Vonnák - 2006/3 Bank Efficiency in the Enlarged European Union
by Dániel Holló & Márton Nagy - 2006/2 Layoffs as Part of an Optimal Incentive Mix: Theory and Evidence
by Anders Frederiksen & Elõd Takáts - 2006/1 Determinants of Spreads on Sovereign Bank Loans: The Role of Credit History
by Péter Banczúr & Cosmin Ilut
2005
- 2005/07 Location of manufacturing FDI in Hungary: How important are inter-company relationships?
by Gábor Békés - 2005/06 Exchange Rate Smoothing in Hungary
by Péter Karádi - 2005/05 A New Method for Combining Detrending Techniques with Application to Business Cycle Synchronization of the New EU Members
by Zsolt Darvas & Gabor Vadas - 2005/04 Mind the Gap – International Comparison of Cyclical Adjustment of the Budget
by Gábor P. Kiss & Gábor Vadas - 2005/03 Fiscal Divergence and Business Cycle Synchronization: Irresponsibility is Idiosyncratic
by Zsolt Darvas & Andrew K. Rose & György Szapáry - 2005/02 Economic Fluctuations in Central and Eastern Europe - the Facts
by Péter Benczúr & Attila Rátfai - 2005/01 Estimating the Effect of Hungarian Monetary Policy within a Structural VAR Framework
by Balázs Vonnák
2004
- 2004/12 Investment Behavior, User Cost and Monetary Policy Transmission - the Case of Hungary
by Gábor Kátay & Zoltán Wolf - 2004/11 Structural breaks and financial risk management
by Marianna Valentinyi-Endrész - 2004/9 Competition in the Hungarian Banking Market
by Csaba Móré & Márton Nagy - 2004/8 Interest rate pass-through in Hungary
by Csilla Horváth & Judit Krekó & Anna Naszódi - 2004/7 Mind the Gap – Watch the Ways of Cyclical Adjustment of the Budget Balance
by Gábor P. Kiss & Gábor Vadas - 2004/6 Fiscal Policy, Business Cycles and Labor-Market Fluctuations
by Florin O. Bilbiie & Roland Straub - 2004/5 Dual inflation and real exchange rate in new open economy macroeconomics
by Balázs Világi - 2004/4 The Stability and Growth Pact from the Perspective of the New Member States
by Gábor Orbán & György Szapáry - 2004/3 Estimating the Impact of SBTC on Input Demand Elasticities in Hungary
by Hajnalka Tarjáni - 2004/2 Target zone rearrangements and exchange rate behavior in an options-based model
by Anna Naszódi - 2004/1 Business Cycle Synchronisation in the Enlarged EU: Comovements in the New and Old Members
by Zsolt Darvas & György Szapáry
2003
- 2003/13 Analyzing Fiscal Policy and Growth with a Calibrated Macro Model
by Péter Benczúr & András Simon & Viktor Várpalotai - 2003/12 Relationship between Market Structure and Bank Performance: Empirical Evidence for Central and Eastern Europe
by Csaba Móré & Márton Nagy - 2003/11 The Optimal Euro Conversion Rate in a Stochastic Dynamic General Equilibrium Model
by Balázs Világi - 2003/10 The Role of Foreign Banks in Five Central and Eastern European Countries
by Katalin Mérõ & Marianna Endrész Valentinyi - 2003/9 Real Effects of Nominal shocks: a 2-sector Dynamic Model with Slow Capital Adjustment and Money-in-the-utility
by Péter Benczúr - 2003/8 Univariate Potential Output Estimations for Hungary
by Zsolt Darvas & Gábor Vadas - 2003/7 Capital Stock Estimation in Hungary: A Brief Description of Methodolgy and Results
by Gábor Pula - 2003/6 Modelling Household's Savings and Dwellings Investment - a Portfolio Choice Approach
by Gábor Vadas - 2003/5 Explaining the Exchange Rate Pass-Through in Hungary: Simulations with the NIGEM Model
by Zoltán M. Jakab & Mihály András Kovács - 2003/4 Disaggregated Cost Pass-Through Based Econometric Inflation-Forecasting Model for Hungary
by Viktor Várpalotai - 2003/1 The behavior of the nominal exchange rate at the beginning of disinflations
by Péter Benczúr
2002
- 2002/5 CEC5: On The Estimated Size of the Balassa-Samuelson Effect in CEC5 Countries
by András Mihály Kovács (ed.) - 2002/3 Hungary in the NIGEM model
by Zoltán M. Jakab & András Mihály Kovács
2001
- 2001/5 Banking Sector Reform in Hungary: Lessons Learned, Current Trends and Prospects
by György Szapáry - 2001/4 Financial Stability, Monetary Policy and Integration: Policy Choices for Transition Economies
by János Vincze - 2001/3 On Price Level Stability, Real Interest Rates and Core Inflation
by János Vincze & Sándor Valkovszky - 2001/2 Liquidity Constraints and Consumer Impatience
by János István Tóth & Zsófia Árvai - 2001/1 Optimal Indebtendness of a Small Open Economy with Precautionary Behavior
by András Simon & Viktor Várpalotai
2000
- 2000/9 Potential Output and Foreign Trade in Small Open Economies
by András Simon & Zsolt Darvas - 2000/8 Savings of Hungarian Households 1995 – 2000
by Zsófia Árvai & Péter Menczel - 2000/7 Maastricht and the Choice of Exchange Rate Regime in Transition Countries During The Run-Up to EMU
by György Szapáry - 2000/6 Financial crises in transition countries: models and facts
by Zsófia Árvai & János Vincze - 2000/5 What are Consumer Price Statistics Good for?
by Barnabás Ferenczi & Sándor Valkovszky & János Vincze - 2000/4 Forecasting Hungarian Export Volume
by Zoltán M. Jakab & Mihály András Kovács & Szabolcs Lõrincz - 2000/2 Estimates of and Problems with Core Inflation in Hungary
by Sándor Valkovszky & János Vincze - 2000/1 How Far has Trade Integration Advanced? An analysis of actual and potential trade of three Central and Eastern European countries
by Zoltán M. Jakab & Mihály András Kovács & András Oszlay
1999
- 1999/10 Financial Contagion under Different Exchange Rate Regimes
by Zsolt Darvas & György Szapáry - 1999/8 Changes in the Implicit Debt Burden of the Hungarian Social Security System
by Péter Benczúr - 1999/7 Information in T-bill Auction Bid Distributions
by Attila Csajbók - 1999/6 Determinants of Real Exchange Rate Fluctuations in Hungary
by Zoltán M. Jakab & Mihály András Kovács - 1999/5 Labour market developments in Hungary from a Central Bank perspective Stylised Facts
by Barnabás Ferenczi - 1999/3 Capital Stock and Economic Development in Hungary
by Zsolt Darvas & András Simon - 1999/1 Leverage and foreign ownership in Hungary
by Ágnes Csermely & János Vincze
1998
- 1998/5 Fiscal Consolidation, Public Debt Containment and Disinflation – (Hungary’s Experience in Transition)
by Gyula Barabás & István Hamecz & Judit Neményi - 1998/4 The Role of General Government in Hungary
by Gábor P. Kiss - 1998/3 The components of the real exchange rate in Hungary
by Mihály András Kovács & András Simon - 1998/2 Zero-coupon yield curve estimation from a central bank perspective
by Attila Csajbók