This paper examines the easing cycle initiated by the Magyar Nemzeti Bank in August 2012 and its macroeconomic and financial market impacts. It first presents the operation of the transmission mechanism under normal economic conditions and then addresses the main challenges of the post-crisis...

The innovative and growth potential of new start-ups is often questioned on the basis that many new entrants only find themselves in the private sector due to loss of jobs in the shrinking public sector. The paper explores one plausible route to this kind of self-employment. Using labour force...

According to data sources, approximately 300 000 to 400 000 Hungarian-born citizens lived outside Hungary in 2013. Although more up-to-date data are not available, we know that the pace of emigration peaked in 2013, meaning this figure encapsulates the largest wave of migration. The main...