Central banks can play a key role in the change in finance needed for the green transition, but green central bank measures may also have an impact on the general public's trust in the institution. Trust, in turn, is crucial for central banks to successfully conduct monetary policy. The...

The aim of the paper is to estimate the allocation of system-level risk and capital buffers due to interconnectedness (due to the correlation structure) of Hungarian Other Systemically Important Institutions using a market information-based method. The approach of Tarashev et al. (2015) is...

Our study deals with interest rate pass-through for household and corporate deposits in the Central and Eastern European (CEE) region, focusing on the tightening cycle starting in the middle of 2021. This period is of particular interest for interest rate pass-through, as the sharp hikes by...

In our study, we present the job-to-job, hire and separation rates from 2002 to 2021 based on the comprehensive, anonymous database of the Hungarian State Treasury. We filtered out the distortions in the administrative data, for example company reorganisations, from the labour flows. Job-to-job...

In this paper, we investigate the information and communication technology (ICT) usage patterns of Hungarian companies, relying on a company-level questionnaire survey conducted in 2020, and combining it with data from corporate annual reports. Our main objective is to construct an index of ICT...

Incorporating climate change considerations in central bank decisions has been fraught with legal and technical controversies. Legal, because interpretations of central bank mandates in relation to sustainability has been widely cited as hurdles to the discussion of climate change; and technical,...

Supervised machine learning methods, in which no error labels are present, are increasingly popular methods for identifying potential data errors. Such algorithms rely on the tenet of a 'ground truth' in the data, which in other words assumes correctness in the majority of the cases. Points...

The transition from the state ownership to market mechanisms in Hungary fundamentally altered the geography of domestic micro, small, and medium enterprises (SMEs). This study investigates the spatial and temporal evolution of owner numbers, using data on all Hungarian SMEs between 1991 and 2019...

This paper presents the pilot top-down climate stress test of the Hungarian banking system over the 2020-2050 horizon. The focus is on a core indicator of financial soundness, the ratio of non-performing loans. Three scenarios are considered with different grades of compliance with the Paris...

In our study, we set out to present the characteristics of public workers between 2011 and 2019 based on the comprehensive and anonymous administrative database of the Hungarian State Treasury (MÁK). During the years under review, altogether 676 thousand people were involved in the programme....