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Hungary: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper analyzes empirically the main determinants of Hungary’s inflation rate during 1990–96. Although there exist a number of possible methodologies to analyze this issue, the one proposed in the paper takes explicit account of the time-series properties of the variables that are potential candidates for explaining Hungary’s inflation performance. This leads to the specification of a long-term equation, linking consumer prices to a number of macroeconomic variables as well as to proxies for relative price shocks. The paper also examines the external current account and net foreign assets in Hungary.

Suggested Citation

  • International Monetary Fund, 1996. "Hungary: Selected Issues," IMF Staff Country Reports 1996/109, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:1996/109
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=1665
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