Publications

by members of

Magyar Nemzeti Bank (MNB)
Budapest, Hungary

(National Bank of Hungary))

Working papers

2009

1. Berthold Herrendorf & Richard Rogerson & Ákos Valentinyi, 2009. "Two Perspectives on Preferences and Structural Transformation," NBER Working Papers 15416, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
2. Benk, Szilárd & Gillman, Max & Kejak, Michal, 2009. "US Volatility Cycles of Output and Inflation, 1919-2004: A Money and Banking Approach to a Puzzle," CEPR Discussion Papers 7150, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
3. Benk, Szilárd & Gillman, Max & Kejak, Michal, 2009. "A Banking Explanation of the US Velocity of Money: 1919-2004," Cardiff Economics Working Papers E2009/25, Cardiff University, Cardiff Business School, Economics Section. [Downloadable!]
4. Tomasz Jedrzejowicz & Gabor Kiss & Jana Jirsakova, 2009. "How to measure tax burden in an internationally comparable way?," National Bank of Poland Working Papers 56, National Bank of Poland, Economic Institute. [Downloadable!]
5. Alessia Campolmi & Harald Fadinger & Chiara Forlati, 2009. "Trade Policy: Home Market Effect vs Terms of Trade Externality," Working Papers 200902, Center for Fiscal Policy, Swiss Federal Institute of Technology Lausanne, revised Sep 2009. [Downloadable!]
6. Varsanyi, Zoltan, 2009. "When risk weights increase the risk: some concerns for capital regulation," MPRA Paper 13594, University Library of Munich, Germany. [Downloadable!]

2008

1. Akos Valentinyi & Berthold Herrendorf, 2008. "Measuring Factor Income Shares at the Sectoral Level," IEHAS Discussion Papers 0803, Institute of Economics, Hungarian Academy of Sciences. [Downloadable!]
2. K. Barhoumi & S. Benk & R. Cristadoro & A. Den Reijer & A. Jakaitiene & P. Jelonek & A. Rua & K. Ruth & C. Van Nieuwenhuyze & G. Rünstler, 2008. "Short-term forecasting of GDP using large monthly datasets – A pseudo real-time forecast evaluation exercise," Research series 200806-17, National Bank of Belgium. [Downloadable!]
3. Karim Barhoumi & Szilard Benk & Riccardo Cristadoro & Ard Den Reijer & Audrone Jakaitiene & Piotr Jelonek & António Rua & Gerhard Rünstler & Karsten Ruth & Christophe Van Nieuwenhuyze, 2008. "Short-term forecasting of GDP using large monthly datasets - a pseudo real-time forecast evaluation exercise," Occasional Paper Series 84, European Central Bank. [Downloadable!]
4. Benk, Szilárd & Gillman, Max & Kejak, Michal, 2008. "US Volatility Cycles of Output and Inflation, 1919-2004: A Money and Banking Approach to a Puzzle," Cardiff Economics Working Papers E2008/28, Cardiff University, Cardiff Business School, Economics Section. [Downloadable!]
5. G. Rünstler & K. Barhoumi & S. Benk & R. Cristadoro & A. Den Reijer & A. Jakaitiene & P. Jelonek & A. Rua & K. Ruth & C. Van Nieuwenhuyze, 2008. "Short-Term Forecasting of GDP Using Large Monthly Datasets: A Presudo Real-Time Forecast Evaluation Exercise," Bank of Lithuania Working Paper Series 1, Bank of Lithuania. [Downloadable!]
6. Barhoumi, K. & Rünstler, G. & Cristadoro, R. & Den Reijer, A. & Jakaitiene, A. & Jelonek, P. & Rua, A. & Ruth, K. & Benk, S. & Van Nieuwenhuyze, C., 2008. "Short-term forecasting of GDP using large monthly datasets: a pseudo real-time forecast evaluation exercise," Documents de Travail 215, Banque de France. [Downloadable!]
7. Gábor Kátay & Zoltán Wolf, 2008. "Driving Factors of Growth in Hungary - a Decomposition Exercise," MNB Working Papers 2008/6, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
8. Gábor Kátay, 2008. "Do firms provide wage insurance against shocks? - Evidence from Hungary," Working Paper Series 964, European Central Bank. [Downloadable!]
9. Gábor Kátay, 2008. "Do Firms ProvideWage Insurance Against Shocks? – Evidence from Hungary," MNB Working Papers 2008/8, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
10. Alessia Campolmi, 2008. "Oil price shocks: Demand vs Supply in a two-country model," MNB Working Papers 2008/5, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
11. Péter Bakos & Péter Benczúr & Dóra Benedek, 2008. "The Elasticity of Taxable Income: Estimates and Flat Tax Predictions Using the Hungarian Tax Changes in 2005," MNB Working Papers 2008/7, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
12. Péter Bakos & Péter Benczúr & Dora Benedek, 2008. "The Elasticity of Taxable Income: Estimates and Flat Tax Predictions using the Hungarian Tax Changes in 2005," RSCAS Working Papers 2008/32, European University Institute. [Downloadable!]
13. Zoltán M. Jakab & Balázs Világi, 2008. "An estimated DSGE model of the Hungarian economy," MNB Working Papers 2008/9, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
14. Szilárd Erhart & Jose Luis Vasquez-Paz, 2008. "Determinants of the size of a monetary policy committee: Theory and cross country evidence," Working Papers 2008-001, Banco Central de Reserva del Perú. [Downloadable!]
15. Varsanyi, Zoltan, 2008. "A simple model of decision making: How to avoid large outliers?," MPRA Paper 9528, University Library of Munich, Germany. [Downloadable!]
16. Varsanyi, Zoltan, 2008. "Fast and accurate simulation of differently seasoned loan defaults in a Merton-style framework in discrete time," MPRA Paper 9918, University Library of Munich, Germany. [Downloadable!]
17. Anna Naszódi, 2008. "Are the exchange rates of EMU candidate countries anchored by their expected euro locking rates?," MNB Working Papers 2008/1, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
18. Péter Karádi & Miklós Koren, 2008. "A Spatial Explanation for the Balassa-Samuelson Effect," CeFiG Working Papers 4, Center for Firms in the Global Economy, revised 01 Oct 2008. [Downloadable!]
19. Marianna Valentinyi-Endrész & Zoltán Vásáry, 2008. "Macro stress testing with sector specific bankruptcy models," MNB Working Papers 2008/2, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
20. Csaba Csávás & Lóránt Varga & Csaba Balogh, 2008. "The forint interest rate swap market and the main drivers of swap spreads," MNB Occasional Papers 2008/64, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
21. Csaba Csávás, 2008. "Density forecast evaluation and the effect of risk-neutral central moments on the currency risk premium: tests based on EUR/HUF option-implied densities," MNB Working Papers 2008/3, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]

2007

1. Péter Benczúr & István Kónya, 2007. "Convergence, capital accumulation and the nominal exchange rate," MNB Working Papers 2007/2, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
2. Benk, Szilárd & Gillman, Max & Kejak, Michal, 2007. "Money Velocity in an Endogenous Growth Business Cycle with Credit Shocks," Cardiff Economics Working Papers E2007/14, Cardiff University, Cardiff Business School, Economics Section. [Downloadable!]
3. Szilárd Benk & Max Gillman & Michal Kejak, 2007. "Money Velocity in an Endogenous Growth Business Cycle with Credit Shocks," MNB Working Papers 2007/5, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
4. Gábor P. Kiss, 2007. "Pain or Gain? Short-term Budgetary Effects of Surprise Inflation - the Case of Hungary," MNB Occasional Papers 2007/61, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
5. Szilárd Erhart & Jose Luis Vasquez-Paz, 2007. "Optimal Monetary Policy Committee Size: Theory and Cross Country Evidence," Kiel Advanced Studies Working Papers 439, Kiel Institute for the World Economy. [Downloadable!]
6. Szilárd Erhart & Harmen Lehment & Jose L. Vasquez Paz, 2007. "Monetary Policy Committee Size and Inflation Volatility," Kiel Working Papers 1377, Kiel Institute for the World Economy. [Downloadable!]
7. Szilárd Erhart & Jose-Luis Vasquez-Paz, 2007. "Optimal monetary policy committee size: Theory and cross country evidence," MNB Working Papers 2007/6, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
8. Varsanyi, Zoltan, 2007. "Rating philosophies: some clarifications," MPRA Paper 1660, University Library of Munich, Germany. [Downloadable!]
9. Zoltan, Varsanyi, 2007. "Reconsidering the logit: the risk of individual names," MPRA Paper 3658, University Library of Munich, Germany. [Downloadable!]
10. Karadi, Peter & Reiff, Adam, 2007. "Menu Costs and Inflation Asymmetries - Some Micro Data Evidence," MPRA Paper 7102, University Library of Munich, Germany. [Downloadable!]

2006

1. Berthold Herrendorf & Akos Valentinyi, 2006. "Which Sectors Make the Poor Countries so Unproductive?," 2006 Meeting Papers 304, Society for Economic Dynamics. [Downloadable!]
2. Péter Benczúr & István Kónya, 2006. "Nominal growth of a small open economy," IEHAS Discussion Papers 0609, Institute of Economics, Hungarian Academy of Sciences, revised 30 Aug 2006. [Downloadable!]
3. Áron Gereben & György Gyomai & Norbert Kiss M., 2006. "Customer order flow, information and liquidity on the Hungarian foreign exchange market," MNB Working Papers 2006/8, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
4. Péter Gábriel & Klára Pintér, 2006. "The effect of the MNB’s communication on financial markets," MNB Working Papers 2006/9, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
5. Szilárd Benk & Max Gillman & Michal Kejak, 2006. " Money Velocity in an Endogenous Growth Business Cycle with Credit Shocks," CDMA Conference Paper Series 0604, Centre for Dynamic Macroeconomic Analysis. [Downloadable!]
6. Szilárd Benk & Zoltán M. Jakab & Mihály András Kovács & Balázs Párkányi & Zoltán Reppa & Gábor Vadas, 2006. "The Hungarian Quarterly Projection Model (NEM)," MNB Occasional Papers 2006/60, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
7. Ágnes Horváth & Zoltán M. Jakab & Gábor P. Kiss & Balázs Párkányi, 2006. "Myths and Maths: Macroeconomic Effects of Fiscal Adjustments in Hungary," MNB Occasional Papers 2006/52, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
8. Alessia Campolmi, 2006. "Which inflation to target? A small open economy with sticky wages indexed to past inflation," Economics Working Papers 961, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
9. Alessia Campolmi & Ester Faia, 2006. "Cyclical inflation divergence and different labor market institutions in the EMU," Working Paper Series 619, European Central Bank. [Downloadable!]
10. Péter Banczúr & Cosmin Ilut, 2006. "Determinants of Spreads on Sovereign Bank Loans: The Role of Credit History," MNB Working Papers 2006/1, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
11. Zoltán M. Jakab & Viktor Várpalotai & Balázs Vonnák, 2006. "How does monetary policy affect aggregate demand? A multimodel approach for Hungary," MNB Working Papers 2006/4, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
12. Cecília Hornok & Zoltán M. Jakab & Máté Barnabás Tóth, 2006. "Adjustment of global imbalances: Illustrative scenarios for Hungary," MNB Occasional Papers 2006/59, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
13. Varsanyi, Zoltan, 2006. "The Basel II IRB approach revisited: do we use the correct model?," MPRA Paper 1244, University Library of Munich, Germany. [Downloadable!]
14. Zoltán Varsányi, 2006. "Pillar I treatment of concentrations in the banking book – a multifactor approach," MNB Working Papers 2006/11, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
15. Csilla Horváth & Judit Krekó & Anna Naszódi, 2006. "Is there a bank lending channel in Hungary? Evidence from bank panel data," MNB Working Papers 2006/7, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]

2005

1. Herrendorf, Berthold & Valentinyi, Akos, 2005. "What Sectors Make the Poor Countries So Unproductive?," CEPR Discussion Papers 5399, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
2. Istvan Konya & Hiroshi Ohashi, 2005. "International Consumption Patterns among High-income Countries: Evidence from the OECD Data," CIRJE F-Series CIRJE-F-327, CIRJE, Faculty of Economics, University of Tokyo. [Downloadable!]
3. Istvan Konya & Peter Benczur, 2005. "Real Effects of Nominal Exchange Rate Shocks," 2005 Meeting Papers 51, Society for Economic Dynamics. [Downloadable!]
4. Istvan Konya, 2005. "Economic Development, Exchange Rates, and the Structure of Trade," IEHAS Discussion Papers 0514, Institute of Economics, Hungarian Academy of Sciences. [Downloadable!]
5. Áron Gereben & Klára Pintér, 2005. "Implied volatility of foreign exchange options: is it worth tracking?," MNB Occasional Papers 2005/39, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
6. Áron Gereben & György Gyomai & Norbert Kiss M., 2005. "The microstructure approach to exchange rates: a survey from a central bank’s viewpoint," MNB Occasional Papers 2005/42, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
7. Benk, Szilárd & Gillman, Max & Kejak, Michal, 2005. "Credit Shocks in the Financial Deregulatory Era: Not the Usual Suspects," Cardiff Economics Working Papers E2005/13, Cardiff University, Cardiff Business School, Economics Section. [Downloadable!]
8. Benk, Szilárd & Gillman, Max & Kejak, Michal, 2005. "A Comparison of Exchange Economies within a Monetary Business Cycle," Cardiff Economics Working Papers E2005/14, Cardiff University, Cardiff Business School, Economics Section. [Downloadable!]
9. Szilárd Benk & Zoltán M. Jakab & Gábor Vadas, 2005. "Potential Output Estimations for Hungary: A Survey of Different Approaches," MNB Occasional Papers 2005/43, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
10. Gabor Vadas & Gabor P.Kiss, 2005. "Mind the Gap – International Comparison of Cyclical Adjustment of the Budget," Public Economics 0512010, EconWPA. [Downloadable!]
11. Gábor P. Kiss & Péter Karádi & Judit Krekó, 2005. "Structural challenges towards the euro: fiscal policy," MNB Background Studies (discontinued) 2005/1, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
12. Gábor P. Kiss & Gábor Vadas, 2005. "Mind the Gap – International Comparison of Cyclical Adjustment of the Budget," MNB Working Papers 2005/04, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
13. Ester Faia & Alessia Campolmi, 2005. "Inflation Differentials and Labor and Product Market Differences in the EMU," 2005 Meeting Papers 118, Society for Economic Dynamics. [Downloadable!]
14. Ester Faia & Alessia Campolmi, 2005. "Inflation Differentials and Different Labor Market Institutions in the EMU," Money Macro and Finance (MMF) Research Group Conference 2005 80, Money Macro and Finance Research Group. [Downloadable!]
15. A. Campolmi, 2005. "Which inflation to target? A small open economy with sticky wages indexed to past inflation," Working Papers 553, Dipartimento Scienze Economiche, Universita' di Bologna. [Downloadable!]
16. Péter Benczúr & Attila Rátfai, 2005. "Economic Fluctuations in Central and Eastern Europe - the Facts," MNB Working Papers 2005/02, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
17. Benczúr, Péter & Rátfai, Attila, 2005. "Economic Fluctuations in Central and Eastern Europe: The Facts," CEPR Discussion Papers 4846, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
18. Szilárd Erhart, 2005. "Driving factors behind O/N interbank interest rates – the Hungarian experiences," MNB Occasional Papers 2005/34, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
19. Csaba Csávás & Szilárd Erhart, 2005. "Are Hungarian financial markets liquid enough? The theory and practice of FX and government securities market liquidity," MNB Occasional Papers 2005/44, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
20. Péter Karádi, 2005. "Exchange Rate Smoothing in Hungary," MNB Working Papers 2005/06, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]

2004

1. Istvan Konya & Hiroshi Ohashi, 2004. "Globalization and Consumption Patterns among the OECD Countries," Boston College Working Papers in Economics 596, Boston College Department of Economics. [Downloadable!]
2. Melleny Black & Áron Gereben & Ian Woolford, 2004. "The macroeconomic impacts of a foot-and-mouth disease outbreak: an information paper for Department of the Prime Minister and Cabinet," Others 0411006, EconWPA. [Downloadable!]
3. Michal Kejak & Szilard Benk & Max Gillman, 2004. "Credit Shocks in a Monetary Business Cycle," 2004 Meeting Papers 133, Society for Economic Dynamics. [Downloadable!]
4. Gábor Kátay & Zoltán Wolf, 2004. "Investment Behavior, User Cost and Monetary Policy Transmission - the Case of Hungary," MNB Working Papers 2004/12, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
5. Gábor P. Kiss & Gábor Vadas, 2004. "Mind the Gap – Watch the Ways of Cyclical Adjustment of the Budget Balance," MNB Working Papers 2004/7, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
6. Norbert Kiss M., 2004. "The Effects of Macroeconomic News on Money Markets," MNB Occasional Papers 2004/30, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
7. Ray Barrell & Dawn Holland & Nigel Pain & Mihaly Andras Kovacs & Zoltan Jakab & Katerina Smidkova & Urmas Sepp & Uros Cufer, 2004. "An Econometric Macro-model of Transition: Policy Choices in the Pre-Accession Period," Macroeconomics 0403004, EconWPA. [Downloadable!]
8. Anna Naszódi, 2004. "Target zone rearrangements and exchange rate behavior in an options-based model," MNB Working Papers 2004/2, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
9. Csilla Horváth & Judit Krekó & Anna Naszódi, 2004. "Interest rate pass-through in Hungary," MNB Working Papers 2004/8, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
10. Marianna Valentinyi-Endrész, 2004. "Structural breaks and financial risk management," MNB Working Papers 2004/11, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]

2003

1. Mason, Robin & Valentinyi, Ãkos, 2003. "Independence And Heterogeneity In Games Of Incomplete Information," Discussion Paper Series In Economics And Econometrics 0307, Economics Division, School of Social Sciences, University of Southampton. [Downloadable!]
2. Csaba Balogh & Péter Gábriel, 2003. "The Interbank Money Market Past and Future Trends," MNB Occasional Papers 2003/28, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
3. Péter Benczúr & András Simon & Viktor Várpalotai, 2003. "Analyzing Fiscal Policy and Growth with a Calibrated Macro Model," MNB Working Papers 2003/13, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
4. Péter Benczúr, 2003. "Real Effects of Nominal shocks: a 2-sector Dynamic Model with Slow Capital Adjustment and Money-in-the-utility," MNB Working Papers 2003/9, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
5. Péter Benczúr, 2003. "The behavior of the nominal exchange rate at the beginning of disinflations," MNB Working Papers 2003/1, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
6. Viktor Várpalotai, 2003. "Disaggregated Cost Pass-Through Based Econometric Inflation-Forecasting Model for Hungary," MNB Working Papers 2003/4, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
7. Zoltán M. Jakab & Mihály András Kovács, 2003. "Explaining the Exchange Rate Pass-Through in Hungary: Simulations with the NIGEM Model," MNB Working Papers 2003/5, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
8. Gyula Barabás (ed.) & Csaba Balogh & Tamás Czeti & Szilárd Erhart & Zsolt Érsek & András Kármán & Gergely Kóczán & Róbert Rékási, 2003. "Coping with the speculative attack against the forint's band," MNB Background Studies (discontinued) 2003/3, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
9. Katalin Mérõ & Balázs Zsámboki & Edit Horváth & András Bethlendi & Anna Naszódi & Anikó Szombati & István Czajlik, 2003. "Studies On The Potential Impacts Of The New Basel Capital Accord," MNB Occasional Papers 2003/27, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
10. Katalin Mérõ & Marianna Endrész Valentinyi, 2003. "The Role of Foreign Banks in Five Central and Eastern European Countries," MNB Working Papers 2003/10, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]

2002

1. Herrendorf, Berthold & Valentinyi, Akos, 2002. "On the Stability of the Two-Sector Neoclassical Growth Model with Externalities," CEPR Discussion Papers 3435, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
2. Herrendorf, Berthold & Valentinyi, Akos, 2002. "Determinacy Through Intertemporal Capital Adjustment Costs," CEPR Discussion Papers 3581, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
3. Berthold Herrendorf & Akos Valentinyi, 2002. "Determinacy Through Intertemporal Capital Adjustment Costs," IEHAS Discussion Papers 0209, Institute of Economics, Hungarian Academy of Sciences. [Downloadable!]
4. Istvan Konya, 2002. "A dynamic model of cultural assimilation," Boston College Working Papers in Economics 546, Boston College Department of Economics. [Downloadable!]
5. Istvan Konya, 2002. "Modeling cultural barriers in international trade," Boston College Working Papers in Economics 547, Boston College Department of Economics. [Downloadable!]
6. Aron Gereben, 2002. "Extracting market expectations from option prices: an application to over-the-counter New Zealand dollar options," Reserve Bank of New Zealand Discussion Paper Series DP2002/04, Reserve Bank of New Zealand. [Downloadable!]
7. Zoltán M. Jakab & András Mihály Kovács, 2002. "Hungary in the NIGEM model," MNB Working Papers 2002/3, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
8. Cecília Hornok & Zoltán M. Jakab, 2002. "Forecasting Inflation - A Case Study on the Czech, Hungarian, Polish, Slovakian and Slovenian Central Banks," MNB Background Studies (discontinued) 2002/2, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]

2001

1. Adam Szeidl & In Ho Lee & Akos Valentinyi, 2001. "Contagion and State Dependent Mutations," IEHAS Discussion Papers 0104, Institute of Economics, Hungarian Academy of Sciences. [Downloadable!]
2. Istvan Konya, 2001. "Optimal Immigration, Assimilation and Trade," Boston College Working Papers in Economics 507, Boston College Department of Economics. [Downloadable!]
3. Istvan Konya, 2001. "Endogenous mobility, human capital and trade," Boston College Working Papers in Economics 528, Boston College Department of Economics. [Downloadable!]
4. Peter Benczur, 2001. "Learning, noise traders, the volatility and the level of bond spreads," IEHAS Discussion Papers 0114, Institute of Economics, Hungarian Academy of Sciences. [Downloadable!]
5. András Simon & Viktor Várpalotai, 2001. "Optimal Indebtendness of a Small Open Economy with Precautionary Behavior," MNB Working Papers 2001/1, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]

2000

1. Zoltán M. Jakab & Mihály András Kovács & Szabolcs Lõrincz, 2000. "Forecasting Hungarian Export Volume," MNB Working Papers 2000/4, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
2. Zoltán M. Jakab & Mihály András Kovács & András Oszlay, 2000. "How Far has Trade Integration Advanced? An analysis of actual and potential trade of three Central and Eastern European countries," MNB Working Papers 2000/1, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]

1999

1. Áron Gereben, 1999. "The Interbank Money Market in Hungary," MNB Occasional Papers 1999/7, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
2. Péter Benczúr, 1999. "Changes in the Implicit Debt Burden of the Hungarian Social Security System," MNB Working Papers 1999/8, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
3. Zoltán M. Jakab & Mihály András Kovács, 1999. "Determinants of Real Exchange Rate Fluctuations in Hungary," MNB Working Papers 1999/6, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]

1998

1. Gábor P. Kiss, 1998. "The Role of General Government in Hungary," MNB Working Papers 1998/4, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]

Undated

1. Mason, Robin & Valentinyi, Akos, . "The Existence and Uniqueness of Monotone Pure Strategy Equilibrium in Bayesian Games," Discussion Paper Series In Economics And Econometrics 0710, Economics Division, School of Social Sciences, University of Southampton.

Journal articles

2009

1. Gábor Kézdi & István Kónya, 2009. "Wage setting in Hungary: evidence from a firm survey," MNB Bulletin, Magyar Nemzeti Bank (The Central Bank of Hungary), vol. 4(3), pages 20-26, October. [Downloadable!]
2. G. Rünstler & K. Barhoumi & S. Benk & R. Cristadoro & A. Den Reijer & A. Jakaitiene & P. Jelonek & A. Rua & K. Ruth & C. Van Nieuwenhuyze, 2009. "Short-term forecasting of GDP using large datasets: a pseudo real-time forecast evaluation exercise

   The opinions expressed in this paper are t," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 28(7), pages 595-611. [Downloadable!]

3. Gergely Baksay & Gábor P. Kiss, 2009. "Act one, act first – the law on fiscal responsibility," MNB Bulletin, Magyar Nemzeti Bank (The Central Bank of Hungary), vol. 4(1), pages 15-23, May. [Downloadable!]
4. Gábor P. Kiss & Róbert Szemere, 2009. "Apples and oranges? A comparison of the public expenditure of the Visegrád countries," MNB Bulletin, Magyar Nemzeti Bank (The Central Bank of Hungary), vol. 4(1), pages 35-47, May. [Downloadable!]
5. Klára Pintér & György Pulai, 2009. "Measuring interest rate expectations from market yields: topical issues," MNB Bulletin, Magyar Nemzeti Bank (The Central Bank of Hungary), vol. 4(2), pages 34-42, July. [Downloadable!]
6. Ákos Bakonyi & Dániel Homolya, 2009. "Backtesting the efficiency of MNB’s Lending Survey," MNB Bulletin, Magyar Nemzeti Bank (The Central Bank of Hungary), vol. 4(1), pages 6-14, May. [Downloadable!]
7. Dániel Homolya, 2009. "The impact of the capital requirements for operational risk in the Hungarian banking system," MNB Bulletin, Magyar Nemzeti Bank (The Central Bank of Hungary), vol. 4(2), pages 6-13, July. [Downloadable!]

2008

1. Szilárd Benk & Max Gillman & Michal Kejak, 2008. "Money Velocity in an Endogenous Growth Business Cycle with Credit Shocks," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(6), pages 1281-1293, 09. [Downloadable!] (restricted)
2. András Komáromi, 2008. "The structure of external financing: Is there a reason to worry about financing through debt?," MNB Bulletin, Magyar Nemzeti Bank (The Central Bank of Hungary), vol. 3(1), pages 14-23, April. [Downloadable!]
3. Cecília Hornok & Zoltán M. Jakab & Gábor P. Kiss, 2008. "‘Through a glass darkly’: Fiscal expansion and macro-economic developments, 2001–2006," MNB Bulletin, Magyar Nemzeti Bank (The Central Bank of Hungary), vol. 3(1), pages 6-13, April. [Downloadable!]
4. Judit Krekó & Gábor P. Kiss, 2008. "Tax evasion and tax changes in Hungary," MNB Bulletin, Magyar Nemzeti Bank (The Central Bank of Hungary), vol. 3(1), pages 24-34, April. [Downloadable!]
5. Dániel Homolya & Gábor Szigel, 2008. "Lending to local governments: Risks and behaviour of Hungarian banks," MNB Bulletin, Magyar Nemzeti Bank (The Central Bank of Hungary), vol. 3(2), pages 20-29, September. [Downloadable!]

2007

1. István Kónya & Hiroshi Ohashi, 2007. "International Consumption Patterns among High-income Countries: Evidence from the OECD Data," Review of International Economics, Blackwell Publishing, vol. 15(4), pages 744-757, 09. [Downloadable!] (restricted)
2. István Kónya, 2007. "Optimal Immigration and Cultural Assimilation," Journal of Labor Economics, University of Chicago Press, vol. 25, pages 367-391. [Downloadable!]
3. Gereben, Aron, 2007. "Elements of the Euro Area - Integrating Financial Markets, J. Berg, M. Grande, F.P. Mongelli, Ashgate Publishing (2005). p. 264, ISBN: 0 7546 4320 4," Journal of Banking & Finance, Elsevier, vol. 31(12), pages 3907-3908, December. [Downloadable!] (restricted)
4. András Komáromi, 2007. "The effect of the monetary base on money supply – Does the quantity of central bank money carry any information?," MNB Bulletin, Magyar Nemzeti Bank (The Central Bank of Hungary), vol. 2(1), pages 31-37, June. [Downloadable!]
5. Gábor P. Kiss, 2007. "One-off and off-budget items: An alternative approach," MNB Conference Volume, Magyar Nemzeti Bank (The Central Bank of Hungary), vol. 1(1), pages 18-27, December. [Downloadable!]
6. Gábor P Kiss & Gábor Vadas, 2007. "Filling the Gap – An International Comparison of the Cyclical Adjustment of Budget Balances," Comparative Economic Studies, Palgrave Macmillan Journals, vol. 49(2), pages 259-284, June. [Downloadable!] (restricted)
7. Norbert Kiss M. & Klára Pintér, 2007. "How do macroeconomic announcements and FX market transactions affect exchange rates?," MNB Bulletin, Magyar Nemzeti Bank (The Central Bank of Hungary), vol. 2(1), pages 22-30, June. [Downloadable!]
8. Naszodi, Anna, 2007. "R.J. Sweeney, Editor, Foreign Exchange Markets (International Library of Critical Writings in Financial Economics), Edward Elgar Publishing Ltd (2005) ISBN 1-84064-831-7 432 pp," Journal of Banking & Finance, Elsevier, vol. 31(12), pages 3901-3903, December. [Downloadable!] (restricted)
9. Máté Barnabás Tóth, 2007. "Monetary policy rules and a normative approach to the central bank’s objective function," MNB Bulletin, Magyar Nemzeti Bank (The Central Bank of Hungary), vol. 2(2), pages 39-46, November. [Downloadable!]

2006

1. Herrendorf, Berthold & Valentinyi, Akos, 2006. "On the stability of the two-sector neoclassical growth model with externalities," Journal of Economic Dynamics and Control, Elsevier, vol. 30(8), pages 1339-1361, August. [Downloadable!] (restricted)
2. István Kónya, 2006. "Modeling Cultural Barriers in International Trade," Review of International Economics, Blackwell Publishing, vol. 14(3), pages 494-507, 08. [Downloadable!] (restricted)
3. Áron Gereben & Norbert Kiss M., 2006. "A brief overview of the characteristics of interbank forint/euro trading," MNB Bulletin, Magyar Nemzeti Bank (The Central Bank of Hungary), vol. 1(2), pages 21-26, December. [Downloadable!]
4. Péter Gábriel & Ádám Reiff, 2006. "The effect of the change in VAT rates on the consumer price index," MNB Bulletin, Magyar Nemzeti Bank (The Central Bank of Hungary), vol. 1(2), pages 14-20, December. [Downloadable!]
5. Péter Gábriel & Klára Pintér, 2006. "Whom should we believe? Information content of the yield curve and analysts’ expectations," MNB Bulletin, Magyar Nemzeti Bank (The Central Bank of Hungary), vol. 1(2), pages 6-13, December. [Downloadable!]
6. Benczur, Peter & Simon, Andras & Varpalotai, Viktor, 2006. "Social costs of consumer impatience in Hungary," Journal of Policy Modeling, Elsevier, vol. 28(8), pages 921-930, November. [Downloadable!] (restricted)
7. Zoltán M. Jakab, 2006. "Consequences of global imbalance corrections for Hungary," MNB Bulletin, Magyar Nemzeti Bank (The Central Bank of Hungary), vol. 1(2), pages 27-34, December. [Downloadable!]
8. Csaba Csávás & Lóránt Varga, 2006. "Main characteristics of non-residents’ trading on the foreign exchange and government bond markets," MNB Bulletin, Magyar Nemzeti Bank (The Central Bank of Hungary), vol. 1(1), pages 13-20, June. [Downloadable!]

2005

1. István Kónya, 2005. "Minorities and majorities: a dynamic model of assimilation," Canadian Journal of Economics, Canadian Economics Association, vol. 38(4), pages 1431-1452, November. [Downloadable!] (restricted)
2. Szilárd Benk & Max Gillman & Michal Kejak, 2005. "Credit Shocks in the Financial Deregulatory Era: Not the Usual Suspects," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 8(3), pages 668-687, July. [Downloadable!] (restricted)
3. Szilárd Benk & Max Gillman & Michal Kejak, 2005. "A Comparison Of Exchange Economies Within A Monetary Business Cycle," Manchester School, University of Manchester, vol. 73(4), pages 542-562, 07. [Downloadable!] (restricted)
4. Peter Benczur, 2005. "Information Revelation, Liquidity Shocks, the Volatility and the Level of Bond Spreads," Economica, London School of Economics and Political Science, vol. 72(285), pages 95-119, 02. [Downloadable!] (restricted)

2003

1. Berthold Herrendorf & Akos Valentinyi, 2003. "Determinacy Through Intertemporal Adjustment Costs," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(3), pages 483-497, July. [Downloadable!] (restricted)
2. In Ho Lee & Adam Szeidl & Akos Valentinyi, 2003. "Contagion and State Dependent Mutations," The B.E. Journal of Theoretical Economics, Berkeley Electronic Press, vol. 0(1). [Downloadable!]

2002

1. Aron Gereben, 2002. "Extracting market expectations from option prices?," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 65, March. [Downloadable!]
2. Aron Gereben & Leslie Hull & Ian Woolford, 2002. "Recent developments in New Zealand's financial stability," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 65, September. [Downloadable!]

2001

1. Jakab, Zoltan M. & Kovacs, Mihaly A. & Oszlay, Andras, 2001. "How Far Has Trade Integration Advanced?: An Analysis of the Actual and Potential Trade of Three Central and Eastern European Countries," Journal of Comparative Economics, Elsevier, vol. 29(2), pages 276-292, June. [Downloadable!] (restricted)

2000

1. Lee, In Ho & Valentinyi, Akos, 2000. "Noisy Contagion without Mutation," Review of Economic Studies, Blackwell Publishing, vol. 67(1), pages 47-56, January.
2. Herrendorf, Berthold & Valentinyi, Akos & Waldmann, Robert, 2000. "Ruling Out Multiplicity and Indeterminacy: The Role of Heterogeneity," Review of Economic Studies, Blackwell Publishing, vol. 67(2), pages 295-307, April.

1998

1. Szapary, Gyorgy & Jakab, Zoltan M., 1998. "Exchange Rate Policy in Transition Economies: The Case of Hungary," Journal of Comparative Economics, Elsevier, vol. 26(4), pages 691-717, December. [Downloadable!] (restricted)

Chapters

2003

1. Gabor P Kiss, 2003. "Calculating the fiscal stance at the Magyar Nemzeti Bank," BIS Papers chapters, in: Bank for International Settlements (ed.), Fiscal issues and central banking in emerging economies, volume 20, pages 140-145 Bank for International Settlements. [Downloadable!]

This page was last updated on 2009-12-2.