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The paper estimates the immediate impact of Hungarian monetary policy on three classes of asset prices: the exchange rate of the forint vis-r-vis the euro, spot and forward government bond yields and the index of the Budapest Stock Exchange. The endogeneity problem is treated with the method of...
Persistent link: https://www.econbiz.de/10003284724
In this paper we investigate the possible effects of fiscal tightening in Hungary from two perspectives. First … their relevance for Hungary in a qualitative way. In our review of non-Keynesian channels of fiscal adjustments we conclude …
Persistent link: https://www.econbiz.de/10003347824
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. VAR models are estimated for the Czech Republic, Hungary and Poland. Contemporaneous and sign restrictions are imposed in …
Persistent link: https://www.econbiz.de/10003935145
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This paper uses a structural factor model to analyze sectoral heterogeneity in the impact of monetary policy in Hungary … responses. These results suggest that the credit channel of monetary transmission is operating in Hungary as well. In addition …
Persistent link: https://www.econbiz.de/10009529534