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Forecasting Inflation - A Case Study on the Czech, Hungarian, Polish, Slovakian and Slovenian Central Banks


  • Cecília Hornok

    (Magyar Nemzeti Bank (at the time of writing the study))

  • Zoltán M. Jakab

    () (Magyar Nemzeti Bank)


The paper examines the inflation forecasting practice and the related institutional framework at the central banks of five Central European countries (the Czech Republic, Hungary, Poland, Slovakia and Slovenia). The first part of the paper presents the general aspects of the comparative analysis, which primarily follow the requirements of inflation targeting monetary regimes. The second part consists of individual country case studies, which give detailed description of the institutional framework and forecasting practice at the five central banks considered.

Suggested Citation

  • 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 (Central Bank of Hungary).
  • Handle: RePEc:mnb:backgr:2002/2

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    Cited by:

    1. VÁRPALOTAI Viktor, "undated". "Disaggregated Cost Pass-Through Based Econometric Inflation-Forecasting Model for Hungary," EcoMod2003 330700148, EcoMod.
    2. Andras REZESSY & Attila CSAJBÓK, "undated". "Hungary’s Eurozone Entry Date: What Do the Markets Think and What If They Change Their Mind?," EcoMod2004 330600117, EcoMod.
    3. Bohdan Klos & Ryszard Kokoszczynski & Tomasz Lyziak & Jan Przystupa & Ewa Wrobel, 2005. "Structural Econometric Models in Forecasting Inflation at the National Bank of Poland," NBP Working Papers 31, Narodowy Bank Polski, Economic Research Department.
    4. Jakab M., Zoltán & Kovács, Mihály András & Kiss, Gergely, 2006. "Mit tanultunk?. A jegybanki előrejelzések szerepe az inflációs cél követésének első öt évében Magyarországon
      [What are we studying?. The role of central-bank forecasts in Hungarian inflation target
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(12), pages 1101-1134.

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