IDEAS home Printed from https://ideas.repec.org/h/bis/bisbpc/89-12.html
   My bibliography  Save this book chapter

Fixing an impaired monetary transmission mechanism: the Hungarian experience

In: Inflation mechanisms, expectations and monetary policy

Author

Listed:
  • Péter Gábriel

    (Magyar Nemzeti Bank)

  • György Molnár

    (Magyar Nemzeti Bank)

  • Judit Várhegyi

    (Magyar Nemzeti Bank)

Abstract

No abstract is available for this item.

Suggested Citation

  • Péter Gábriel & György Molnár & Judit Várhegyi, 2016. "Fixing an impaired monetary transmission mechanism: the Hungarian experience," BIS Papers chapters, in: Bank for International Settlements (ed.), Inflation mechanisms, expectations and monetary policy, volume 89, pages 179-191, Bank for International Settlements.
    • Handle: RePEc:bis:bisbpc:89-12
    as

    Download full text from publisher

    File URL: http://www.bis.org/publ/bppdf/bispap89l.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mihály Hajnal & György Molnár & Judit Várhegyi, 2015. "Exchange rate pass - through after the crisis: the Hungarian experience," MNB Occasional Papers 2015/121, Magyar Nemzeti Bank (Central Bank of Hungary).
    2. Vonnák Balázs, 2010. "Risk Premium Shocks, Monetary Policy and Exchange Rate Pass-Through in the Czech Republic, Hungary and Poland," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 28(61), pages 306-351, August.
    3. Marianna Endresz & Peter Harasztosi & Robert P. Lieli, 2015. "The Impact of the Magyar Nemzeti Bank's Funding for Growth Scheme on Firm Level Investment," MNB Working Papers 2015/2, Magyar Nemzeti Bank (Central Bank of Hungary).
    4. Dániel Felcser & Gábor Dániel Soós & Balázs Váradi, 2015. "The impact of the easing cycle on the Hungarian macroeconomy and financial markets," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 14(3), pages 39-59.
    5. Péter Gábriel & Judit Rariga & Judit Várhegyi, 2014. "Inflation Expectations in Hungary," MNB Occasional Papers 2014/113, Magyar Nemzeti Bank (Central Bank of Hungary).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tunç, Cengiz, 2017. "A Survey on Exchange Rate Pass through in Emerging Markets," Bulletin of Economic Theory and Analysis, BETA Journals, vol. 2(3), pages 205-233, July-Sept.
    2. Feldkircher, Martin, 2015. "A global macro model for emerging Europe," Journal of Comparative Economics, Elsevier, vol. 43(3), pages 706-726.
    3. Klodiana Istrefi & B. Vonnak, 2015. "Delayed Overshooting Puzzle in Structural Vector Autoregression Models," Working papers 576, Banque de France.
    4. Zsuzsanna Hosszú & Gyöngyi Körmendi & Bálint Tamási & Balázs Világi, 2013. "Impact of the credit supply on the Hungarian economy," MNB Bulletin (discontinued), Magyar Nemzeti Bank (Central Bank of Hungary), vol. 8(Special), pages 81-90, October.
    5. Péter Harasztosi & Laurent Maurin & Rozália Pál & Debora Revoltella & Wouter van der Wielen, 2022. "Firm-level policy support during the crisis: So far, so good?," International Economics, CEPII research center, issue 171, pages 30-48.
    6. Fransiskus Xaverius Lara Aba, 2021. "Institutional Change and Macroeconomic Variables in the ASEAN—Indonesia, Vietnam, and Cambodia: The Effects of a Trade War between China and USA," Economies, MDPI, vol. 9(4), pages 1-21, December.
    7. Ábel, István & Kóbor, Ádám, 2010. "A monetáris restrikció hatása strukturális VAR keretben [The effect of monetary restriction in a vector auto-regression framework]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 412-430.
    8. Michal Franta & Roman Horvath & Marek Rusnak, 2014. "Evaluating changes in the monetary transmission mechanism in the Czech Republic," Empirical Economics, Springer, vol. 46(3), pages 827-842, May.
    9. Gábor Pellényi, 2012. "The Sectoral Effects of Monetary Policy in Hungary: A Structural Factor Analysis," MNB Working Papers 2012/1, Magyar Nemzeti Bank (Central Bank of Hungary).
    10. Judita Jurasekova Kucserova, 2009. "Effects of Monetary Policy Shocks in Slovakia," Working and Discussion Papers DP 1/2009, Research Department, National Bank of Slovakia.
    11. Mehmet BALCILAR & Ojonugwa USMAN & Muhammad Sani MUSA, 2020. "The Long-Run and Short-Run Exchange Rate Pass-Through during the Period of Economic Reforms in Nigeria: Is it Complete or Incomplete?," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 151-172, March.
    12. Abdul Jalil, 2020. "What Do We Know of Exchange Rate Pass Through?," PIDE Knowledge Brief 2020:5, Pakistan Institute of Development Economics.
    13. Szabolcs Szikszai & Tamás Badics & Csilla Raffai & Zsolt Stenger & András Tóthmihály, 2013. "Studies in Financial Systems No 8 Hungary," FESSUD studies fstudy08, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    14. László Békési & Csaba Köber & Henrik Kucsera & Tímea Várnai & Balázs Világi, 2016. "The macroeconomic forecasting model of the MNB," MNB Working Papers 2016/4, Magyar Nemzeti Bank (Central Bank of Hungary).
    15. Tayfur Bayat & Saban Nazlioglu & Selim Kayhan, 2015. "Exchange Rate and Oil Price Interactions in Transition Economies: Czech Republic, Hungary and Poland," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 62(3), pages 267-285, June.
    16. Magdalena Szyszko & Aleksandra Rutkowska, 2019. "Forward-looking component in consumers’ expectations and inflation forecast targeting: the case of six European economies," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 37(1), pages 77-112.
    17. Lang, Péter & Drabancz, Áron & El-Meouch Nedim, Márton, 2021. "A koronavírus-járvány miatt bevezetett jegybanki és állami hitelprogramok hatása a magyar foglalkoztatásra [The impact of central-bank and state-loan programmes introduced in Hungarian employment d," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 930-965.
    18. Hosszú, Zsuzsanna, 2018. "The impact of credit supply shocks and a new Financial Conditions Index based on a FAVAR approach," Economic Systems, Elsevier, vol. 42(1), pages 32-44.
    19. Pellényi, Gábor, 2012. "A monetáris politika hatása a magyar gazdaságra. Elemzés strukturális, dinamikus faktormodellel [The sectoral effects of monetary policy in Hungary: a structural factor]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 263-284.
    20. Ms. Adina Popescu & Ms. Alina Carare, 2011. "Monetary Policy and Risk-Premium Shocks in Hungary: Results from a Large Bayesian VAR," IMF Working Papers 2011/259, International Monetary Fund.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bis:bisbpc:89-12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Martin Fessler (email available below). General contact details of provider: https://edirc.repec.org/data/bisssch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.