Hungary: Selected Issues

International Monetary Fund

No 1996/109, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper analyzes empirically the main determinants of Hungary’s inflation rate during 1990–96. Although there exist a number of possible methodologies to analyze this issue, the one proposed in the paper takes explicit account of the time-series properties of the variables that are potential candidates for explaining Hungary’s inflation performance. This leads to the specification of a long-term equation, linking consumer prices to a number of macroeconomic variables as well as to proxies for relative price shocks. The paper also examines the external current account and net foreign assets in Hungary.

Keywords: ISCR; CR; privatization; firm; Hungary; exchange arrangement; pension system; NBH assets; valuation loss; NBH law; Current account; Pensions; Pension spending; Retirement; Foreign assets; Eastern Europe; Asia and Pacific; East Asia (search for similar items in EconPapers)
Pages: 110
Date: 1996-10-15
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:1996/109

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