13-March-2012

English

Work incentives and recent reforms of the tax and benefit system in Hungary

Reducing the extent of inactivity and promoting labour supply is essential to foster labour market outcomes in Hungary in the medium term.

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13-March-2012

English

Assessing the sensitivity of Hungarian debt sustainability to macroeconomic shocks under two fiscal policy reactions

Hungarian debt level has steadily increased since 2001, with the debt-to-GDP ratio reaching about 84% at end-2011.

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13-March-2012

English

Non-Keynesian effects of fiscal consolidation: an analysis with an estimated DSGE model for the Hungarian economy

Using an estimated DSGE model for Hungary, the paper identifies the possible non-Keynesian channels through which a fiscal consolidation may manifest as expansionary.

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8-March-2011

English

How efficient are banks in Hungary?

Apparent characteristics of the Hungarian banking market such as large profits and high margins suggest weak competitive pressures. Weak competition in turn, may reduce efficiency in a lack of pressures to converge to marginal cost and to stimulate managerial efforts to reduce X-inefficiency.

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14-September-2010

English

Sustaining the Momentum of Fiscal Reform in Hungary

Hungary has faced a considerable challenge to regain credibility following persistent and high fiscal deficits. Efforts during recent years have produced substantial results. These and other points are discussed in this working paper.

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17-June-2010

English

Enhancing Financial Stability Through Better Regulation in Hungary

The global crisis exposed weaknesses in the Hungarian financial system that pose risks to financial stability, as discussed in this working paper.

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16-July-2007

English

Encouraging Sub-national Government Efficiency in Hungary (Economics Department Working Paper 565)

This working paper looks at the challenges facing Hungary's counties and municipalities in modernising local infrastructures as well as dealing with cutbacks to administrative overheads and tough decisions in public services.

16-July-2007

English

Family Policy in Hungary: How to Improve the Reconciliation Between Work and Family?

This working paper looks at how to shift the policy focus towards reconciling work and family life. Reasons for under-provision in childcare by local governments are discussed and recommendations for further central-government intervention to improve supply are made.

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29-September-2005

English

In Search of Efficiency: Improving Health Care in Hungary (Economics Department Working Paper 446)

This working paper describes the structure of the health care system in Hungary, highlights outstanding weaknesses and considers ways to make financing more stable and sustainable.

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28-September-2005

English

Hungarian Innovation Policy: What's the Best Way Forward? (Economics Department Working Paper 445)

This working paper first underscores the importance of a good general business climate in encouraging both formal and informal R&D activity as well as ensuring Hungary benefits from the international diffusion of innovation.

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