Due to the phenomenon of revision, published macroeconomic data can never be regarded as final, because they are subject to continuous change, although the size of the change decreases over time. Our methodology is able to give an estimate of expected future routine revisions, based on the time...

The ultimate aim of this paper is to generate micro-level risk measures, which can provide a useful input for further research. To this end, this paper estimates bankruptcy probabilities for Hungarian firms using probit estimation. The estimated models show reasonable performance in...

The study analyses the relationship between real economy convergence and the convergence of relative prices. Similar to its peers in the CEE region, a significant part of Hungary's price convergence with developed Western European countries can be attributed to the convergence of the real...