Hungary: Selected Issues

June 29, 2005

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Hungary: Selected Issues, (USA: International Monetary Fund, 2005) accessed November 25, 2024

Summary

This Selected Issues paper evaluates Hungary’s growth and current account performance by using a simple empirical model that provides benchmarks to measure GDP growth rates and current account deficits. The cross-country analysis suggests that in general, larger current account deficits are associated with faster income convergence. The model’s benchmark for Hungary suggests that its current account deficit has been larger than would be expected based on the income convergence process. The paper describes the motivation for, and specifics of, the modeling strategy, and the data used in the analysis.

Subject: Balance of payments, Budget planning and preparation, Current account, Current account deficits, Inflation, National accounts, Personal income, Prices, Public financial management (PFM)

Keywords: Baltics, Budget institution, Budget planning and preparation, Central and Eastern Europe, CR, Current account, Current account deficit, Current account deficits, Current account performance, Europe, Global, Inflation, Inflation expectation, Inflation persistence, ISCR, Personal income, Western Europe

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/215
Stock No:

1HUNEA2005003
ISBN:

9781451818024
ISSN:

1934-7685

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