Hungary: Selected Issues

International Monetary Fund

No 2005/215, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper evaluates Hungary’s growth and current account performance by using a simple empirical model that provides benchmarks to measure GDP growth rates and current account deficits. The cross-country analysis suggests that in general, larger current account deficits are associated with faster income convergence. The model’s benchmark for Hungary suggests that its current account deficit has been larger than would be expected based on the income convergence process. The paper describes the motivation for, and specifics of, the modeling strategy, and the data used in the analysis.

Keywords: ISCR; CR; current account deficit; budget institution; inflation persistence; inflation expectation; current account performance; Current account deficits; Inflation; Current account; Personal income; Budget planning and preparation; Global; Europe; Baltics; Central and Eastern Europe; Western Europe (search for similar items in EconPapers)
Pages: 59
Date: 2005-06-29
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Citations: View citations in EconPapers (1)

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