Hungary: Selected Issues
Summary:
This Selected Issues paper analyzes empirically the main determinants of Hungary’s inflation rate during 1990–96. Although there exist a number of possible methodologies to analyze this issue, the one proposed in the paper takes explicit account of the time-series properties of the variables that are potential candidates for explaining Hungary’s inflation performance. This leads to the specification of a long-term equation, linking consumer prices to a number of macroeconomic variables as well as to proxies for relative price shocks. The paper also examines the external current account and net foreign assets in Hungary.
Series:
Country Report No. 1996/109
Subject:
English
Publication Date:
October 15, 1996
ISBN/ISSN:
9781451817829/1934-7685
Stock No:
1HUNEA0011996
Pages:
110
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