Monetary Transmission in Hungary

The publication can be downloaded here:

Monetary Transmission in Hungary

Hard copies are available on request. Please, send an e-mail to info@mnb.hu.

The papers can be separately downloaded from the MNB Working Papers or MNB Background Studies via the links below:

Balázs Vonnák: The Hungarian Monetary Transmission Mechanism: an Assessment Horváth Csilla - Krekó Judit - Naszódi Anna: Interest rate pass-through in Hungary András Rezessy: Estimating the immediate impact of monetary policy shocks on the exchange rate Péter Karádi: Exchange Rate Smoothing in Hungary Gergely Kiss - Gábor Vadas:The Role of the Housing Market in Monetary Transmission Csilla Horváth–Judit Krekó–Anna Naszódi: Is there a bank lending channel in Hungary? Evidence from bank panel data Balázs Vonnák: Estimating the Effect of Hungarian Monetary Policy within a Structural VAR Framework Zoltán M. Jakab-Viktor Várpalotai-Balázs Vonnák: How does monetary policy affect aggregate demand? A multimodel approach for Hungary Gábor Kátay - Zoltán Wolf: Investment Behavior, User Cost and Monetary Policy Transmission - the Case of Hungary Gábor Orbán - Zoltán Szalai: The expected effect of the euro on the Hungarian monetary transmission

Vissza a tetejére

The primary objective of the MNB shall be to achieve and maintain price stability. (...) Without prejudice to its primary objective, the MNB shall support the maintenance of the stability of the system of financial intermediation, the enhancement of its resilience, its sustainable contribution to economic growth; furthermore, the MNB shall support the government’s economic policy and its policy related to environmental sustainability, using instruments at its disposal.

Copyright 2021, Magyar Nemzeti Bank