Showing 1 - 10 of 22
which of the NAIRU estimation methods described in the literature can be applied to Hungary. In evaluating the results, the …
Persistent link: https://www.econbiz.de/10011399270
and sources of life expectancy inequality in Hungary. We document considerable inequality across geographies and income …
Persistent link: https://www.econbiz.de/10012212845
This paper presents and estimates a dynamic stochastic general equilibrium (DSGE) small-open-economy model for the Hungarian economy. The model features different types of frictions, real and nominal rigidities which are necessary to replicate the empirical persistence of Hungarian data....
Persistent link: https://www.econbiz.de/10003790663
estimating the elasticity of taxable income in Hungary, one of the outliers in terms of not having a flat tax scheme. We analyze …
Persistent link: https://www.econbiz.de/10003770603
Hungary. To this end, we apply a Nelson-Siegel type dynamic yield curve model, where changes of the yield curve are driven by …
Persistent link: https://www.econbiz.de/10003856778
This paper investigates the forecasting ability of survey data on exchange rate expectations with multiple forecast horizons. The survey forecasts are on the exchange rates of five Central and Eastern European currencies: Czech Koruna, Hungarian Forint, Polish Zloty, Romanian Leu and Slovakian...
Persistent link: https://www.econbiz.de/10009157616
The aim of this paper is to model the interaction between the loan market and real activity, while financial frictions are explicitly taken into account. The econometric methodology used is VECM. Johansen's approach is employed to allow for multiple cointegration. Financial frictions are...
Persistent link: https://www.econbiz.de/10008990919
estimates of downward real and nominal wage rigidity for Hungary. Results suggest that nominal rigidity is more prominent in … Hungary than real rigidity. When compared to other countries participating in the IWFP, Hungary ranks among the countries with … the lowest degree of downward real rigidity. The estimated downward nominal rigidity for Hungary is higher, the measure is …
Persistent link: https://www.econbiz.de/10009348938
We explore the properties of welfare-maximizing monetary policy in a medium-scale DSGE model for Hungary. In order to …
Persistent link: https://www.econbiz.de/10003987036
Hungary in 2007. The study is based on a panel of tax returns compiled by the Hungarian Tax Authority for the purposes of this …
Persistent link: https://www.econbiz.de/10009410435