Hungary

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1452711283
Size: 20.39 MB
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The Hungarian government implemented significant restraint and reforms in the mid-1990s, but substantial challenges remain in the medium term. Medium-term fiscal framework will assist in evaluating the preferred approach to managing this range of expenditure pressures and structural reform issues. The paper presents scenarios illustrating the tensions in fiscal policy, and the potential role for medium-term expenditure restraint to achieve fiscal objectives while facilitating growth. The statistical data on the economic indices of Hungary are also presented in the paper.

Hungary

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1452799075
Size: 50.92 MB
Format: PDF, ePub
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This Selected Issues paper on Hungary presents an empirical analysis of the leading indicators for inflation and models the determinants of inflation. It summarizes current knowledge about the behavior of inflation and thus underpins the subsequent discussion of possible changes to the current nominal anchor framework. The paper analyzes the growth potential and fiscal issues affecting that potential, and the external constraint. The paper suggests that some relatively stable econometric relationships can be found, despite the considerable structural and policy changes that occurred during the 1990s.

Hungary

Author:
Publisher: International Monetary Fund
ISBN:
Size: 11.83 MB
Format: PDF, ePub, Mobi
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Hungary Selected Issues And Statistical Appendix

Author: Paulo Flavio Nacif Drummond
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451817867
Size: 57.28 MB
Format: PDF, ePub
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The Selected Issues paper examines policy challenges for inflation targeting in Hungary. It highlights that inflation targeting has been met with much initial success. A well-defined policy framework helped guide inflation expectations and provided an initial impetus toward resuming disinflation. The paper also focuses on the impact of aging on the public pension system. It describes the background underlying Hungary's current pension system, and provides a review of some of the recent work assessing Hungary's pension system viability.

Hungary Selected Issues

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1498395678
Size: 34.42 MB
Format: PDF
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This Selected Issues paper assesses recent trends in Hungary’s potential growth and medium-term growth prospects. It analyzes to what extent the recent moderation of GDP growth reflects structural factors. The paper lays out some stylized facts about the Hungarian economy that could explain the growth slowdown observed in recent years. It provides estimates of potential growth using various methods, identifies the sources of the growth slowdown, and offers forecasts of potential growth over the medium-term under the baseline scenario. A model-based approach is also employed to estimate potential growth over the medium term under a reform scenario.

Hungary Selected Issues Paper

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1475558066
Size: 11.45 MB
Format: PDF, Docs
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This Selected Issues paper assesses the efficiency of public spending on health and education in Hungary, with a view to identifying potential efficiency gains and areas for reforms so as to lock in such gains. The paper finds potentially large room for efficiency gains over the medium term, particularly in the health sector. A frontier analysis using data envelopment methodology, suggests that savings from efficiency gains in the health and education sectors could amount up to about 3 percentage points of GDP over the medium term, of which 90 percent could be achieved from efficiency gains in the health sector.

Hungary

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1452777071
Size: 57.31 MB
Format: PDF, Docs
View: 1907
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The Hungarian government implemented significant restraint and reforms in the mid-1990s, but substantial challenges remain in the medium term. Medium-term fiscal framework will assist in evaluating the preferred approach to managing this range of expenditure pressures and structural reform issues. The paper presents scenarios illustrating the tensions in fiscal policy, and the potential role for medium-term expenditure restraint to achieve fiscal objectives while facilitating growth. The statistical data on the economic indices of Hungary are also presented in the paper.