The principal policy task in Hungary is to place public finances on a sound footing. For monetary policy, the challenge is to identify one-off inflationary influences, communicate these to the public and financial markets, and deal with second-round effects. From a risk-management perspective, a...

This Selected Issues paper assesses recent trends in Hungary's potential growth and medium-term growth prospects. It analyzes to what extent the recent moderation of GDP growth reflects structural factors. The paper lays out some stylized facts about the Hungarian economy that could explain the...

SMEs are the backbone of the European economy, but in regional and local labour market monitoring approaches their specificities are not yet well considered. As SMEs have to compete with larger companies for human resources, they develop creative strategies for recruiting and retaining...