This paper presents the results of a study of infrastructure procurement for international sporting events, mapping both the institutional frameworks and the procedures and governance mechanisms. The aim was to provide information relevant to studying the implementation of procurement objectives...

The complexity of public procurement and the related controls are a significant issue that public authorities are facing in Hungary. The “fear” of being controlled by state authorities and EU auditors is affecting decisions in public procurement. However, research on the effects of such a...

This paper examines the easing cycle initiated by the Magyar Nemzeti Bank in August 2012 and its macroeconomic and financial market impacts. It first presents the operation of the transmission mechanism under normal economic conditions and then addresses the main challenges of the post-crisis...

March 2011 marked the introduction of the Magyar Nemzeti Bank's Monetary Policy Model (MPM), representing a paradigm shift in both macroeconomic projection and monetary policy decision support. In contrast to previous conditional projections, the MPM provides an endogenous definition of both the...

March 2011 marked the introduction of the Magyar Nemzeti Bank's Monetary Policy Model (MPM), representing a paradigm shift in both macroeconomic projection and monetary policy decision support. In contrast to previous conditional projections, the MPM provides an endogenous definition of both the...

March 2011 marked the introduction of the Magyar Nemzeti Bank’s Monetary Policy Model (MPM), representing a paradigm shift in both macroeconomic projection and monetary policy decision support. In contrast to previous conditional projections, the MPM provides an endogenous definition of both...

Central banks primarily achieve their inflation targets by changing their key instrument, the central bank base rate, to the required extent and with careful timing. If the inflation outlook deteriorates and the forward-looking inflation rate exceeds the target, monetary policy raises interest...