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Financial crises pose unique challenges for forecast accuracy. Using the IMF's Monitoring of Fund Arrangement (MONA) database, we conduct the most comprehensive evaluation of IMF forecasts to date for countries in times of crises. We examine 29 macroeconomic variables in terms of bias,...
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This Selected Issues paper examines how and why Hungary reached historically high inflation. Particular attention is … placed on cross-country comparisons to understand where Hungary may stand out, and on domestic drivers that could help … explain stronger inflationary pressure in Hungary. Following an overview of inflation developments over the last two years …
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The 2022 Article IV Consultation with Hungary highlights that while the economy was recovering from the coronavirus …
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