The NBH Background Studies comprise of economic papers related to decision making at the National Bank of Hungary. The aim of series is to increase the transparency of monetary policy. Thus, besides technical issues of forecasting we also publish selected background material of the decision making process. These studies are released only in electronic format. These analyses reflect the views of the authors and do not necessarily correspond with the official views of the National Bank. If you wish to be on our email list for notification for the newest studies, please send your inquiry to webmaster@mnb.hu

About The Background Studies BS 2005/4 Gábor Orbán - Zoltán Szalai: The expected effect of the euro on the Hungarian monetary transmission BS 2005/3 Gergely Kiss - Gábor Vadas:The Role of the Housing Market in Monetary Transmission BS 2005/2 András Bethlend- Tamás Czeti - Judit Krekó - Márton Nagy - Dániel Palotai: Driving forces behind private sector foreign currency lending in Hungary BS 2005/1 Gábor P. Kiss - Péter Karádi - Judit Krekó: Structural challenges towards the euro: fiscal policy BS 2004/1> Gergely Kiss - Judit Krekó: Optimal Rate of Inflation in Hungary BS 2002/3> Gábor Pula - Ádám Reiff: Can confidence indicators be useful to predict short term manufacturing growth? BS 2003/2> Zsolt Darvas: Analysis of large real exchange rate appreciation episodes BS 2003/1> Judit Krekó - Balázs Vonnák: Inflation expectations of professional forecasters in Hungary BS 2002/3> Gábor Pula - Ádám Reiff: Can confidence indicators be useful to predict short term manufacturing growth? BS 2002/2 Cecília Hornok and Zoltán M. Jakab: Forecasting Inflation - A Case Study on the Czech, Hungarian, Polish, Slovakian and Slovenian Central Banks - BS 2002/1> Barnabás Ferenczi - Zoltán M. Jakab - Nóra Nagy B.: Do food prices in Hungary conceal inflationary tensions? An analysis on the potential effects of EU entry on food prices BS 2001/3> Mihály András Kovács The Equilibrium Exchange Rate in Hungary BS 2001/2> Gábor Vadas: Beyond Macro Variables: Consumer Confidence Index and Household Expenditure in Hungary BS 2001/1> Zoltán M. Jakab – Gábor Vadas: Forecasting Hungarian Household consumption with econometric methods