Hungarian Abstract: A hagyományos közgazdaságtan a reálelemzés keretében érvel, és ez akadálya a valós gazdasági folyamatok megértésének. Schumpeter és Keynes kritizálta ezt a megközelítést és helyette a monetáris elemzést alkalmazta. Ezt az elméleti alapvetést követem,...

Simple models of monetary policy often imply optimal policy behavior that is considerably more aggressive than what is commonly observed. This paper argues that such counterfactual implications are due to model restrictions and a failure to account for multiplicative parameter uncertainty,...

In this paper, we examine the cost of insurance against model uncertainty for the Euro area considering four alternative reference models, all of which are used for policy-analysis at the ECB. We find that maximal insurance across this model range in terms of a Minimax policy comes at moderate...

In spite of being mainly concerned with stabilization policies, central banks in many developed countries often advocate the necessity of structural reforms. In turn, demand-side policies - such as monetary policy - can often help improving the political support of reforms (two-handed-approach)....

Boltszintû árstatisztikai felírások alapján a tanulmány a magyarországi inflációs folyamatok és árazási magatartás jellemzõinek regionális hasonlóságait és eltéréseit vizsgálja. Fõ tanulsága, hogy a hivatalos NUTS-II régiók nem képeznek önálló gazdasági egységeket,...

We investigate, theoretically and empirically, the relationship between monetary policy and the term structure of interest rates. In particular, we show in a dynamic macroeconomic model that if monetary policy reveals information about economic developments, interest rates of all maturities move...

This report examines health inequalities among Hungarian children in the 2010s. Our work is based on a wide range of administrative and survey data drawn from numerous sources. We analyze the datasets in a unified framework and present the findings in an easily understandable way, by which our...

Our study examines social inequalities in dental visits, the status of primary and permanent teeth, the dental treatments, the availability of publicly funded dental care and health behaviours related to dental health among Hungarian children. We use all available administrative and survey data...

Hungary is one of the five countries in the world most affected by the pandemic in terms of registered COVID-19 mortality up to 2023. Our research aims to identify those socioeconomic variables that explain the geographical distribution of the registered district-level mortality burden of the...

Our study examines social differences in health during childhood and adolescence in Hungary in the 2010s. For this analysis, we have collected administrative and survey data sources and organized them into a coherent statistical framework. These restructured data have been used to identify...