Publications

by members of

Magyar Nemzeti Bank (MNB)
Budapest, Hungary

(National Bank of Hungary))

Working papers

2009

1. 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)
2. 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!]
3. 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. 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!]
2. 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!]
3. 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!]
4. 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!]
5. 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!]
6. Gábor Kátay, 2008. "Do firms provide wage insurance against shocks? - Evidence from Hungary," Working Paper Series 964, European Central Bank. [Downloadable!]
7. 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!]
8. 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!]
9. 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!]
10. 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!]
11. 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!]
12. 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!]
13. Varsanyi, Zoltan, 2008. "A simple model of decision making: How to avoid large outliers?," MPRA Paper 9528, University Library of Munich, Germany. [Downloadable!]
14. 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!]
15. 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!]
16. 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!]
17. 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!]
18. 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!]

2006

1. 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!]
2. 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!]
3. 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!]
4. 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!]
5. 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!]
6. 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!]
7. 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!]
8. Alessia Campolmi & Ester Faia, 2006. "Cyclical inflation divergence and different labor market institutions in the EMU," Working Paper Series 619, European Central Bank. [Downloadable!]
9. 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!]
10. 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!]
11. 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!]
12. Varsanyi, Zoltan, 2006. "The Basel II IRB approach revisited: do we use the correct model?," MPRA Paper 1244, University Library of Munich, Germany. [Downloadable!]
13. 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!]
14. 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. 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!]
2. Istvan Konya & Peter Benczur, 2005. "Real Effects of Nominal Exchange Rate Shocks," 2005 Meeting Papers 51, Society for Economic Dynamics. [Downloadable!]
3. Istvan Konya, 2005. "Economic Development, Exchange Rates, and the Structure of Trade," IEHAS Discussion Papers 0514, Institute of Economics, Hungarian Academy of Sciences. [Downloadable!]
4. 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!]
5. 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!]
6. 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!]
7. 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!]
8. 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!]
9. Gabor Vadas & Gabor P.Kiss, 2005. "Mind the Gap – International Comparison of Cyclical Adjustment of the Budget," Public Economics 0512010, EconWPA. [Downloadable!]
10. 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!]
11. 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!]
12. 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!]
13. 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!]
14. 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!]
15. 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!]
16. 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)
17. 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!]
18. 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!]

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. 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!]
2. 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!]
3. 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!]
4. 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!]
5. 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!]
6. 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!]
7. 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!]
8. 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!]
9. 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. Istvan Konya, 2002. "A dynamic model of cultural assimilation," Boston College Working Papers in Economics 546, Boston College Department of Economics. [Downloadable!]
2. Istvan Konya, 2002. "Modeling cultural barriers in international trade," Boston College Working Papers in Economics 547, Boston College Department of Economics. [Downloadable!]
3. 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!]
4. 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!]
5. 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. Istvan Konya, 2001. "Optimal Immigration, Assimilation and Trade," Boston College Working Papers in Economics 507, Boston College Department of Economics. [Downloadable!]
2. Istvan Konya, 2001. "Endogenous mobility, human capital and trade," Boston College Working Papers in Economics 528, Boston College Department of Economics. [Downloadable!]
3. 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!]
4. 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!]

Journal articles

2009

1. 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!]
2. 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!]
3. 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!]
4. 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. 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!]
7. 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)
8. 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. István Kónya, 2006. "Modeling Cultural Barriers in International Trade," Review of International Economics, Blackwell Publishing, vol. 14(3), pages 494-507, 08. [Downloadable!] (restricted)
2. 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!]
3. 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!]
4. 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!]
5. 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)
6. 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!]
7. 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)

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)

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 2009-11-1.