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Hungary : 2014 article IV consultation selected issues.

Publisher: Washington, District of Columbia : International Monetary Fund, 2014. ©2014
Series: IMF Staff Country Reports.
Edition/Format:   eBook : Document : English
Summary:
This Selected Issues paper assesses recent trends in Hungaryâ??s potential growth and medium-term growth prospects. It analyzes to what extent the recent moderation of GDP growth reflects structural factors. The paper lays out some stylized facts about the Hungarian economy that could explain the growth slowdown observed in recent years. It provides estimates of potential growth using various methods, identifies  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Hungary : 2014 article IV consultation selected issues.
Washington, District of Columbia : International Monetary Fund, ©2014
50 pages
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
ISBN: 9781498395670 1498395678
OCLC Number: 889264615
Description: 1 online resource (52 pages) : illustrations, charts, graphs, tables.
Contents: Cover; CONTENTS; POTENTIAL OUTPUT GROWTH IN HUNGARY; A. Introduction; B. Why Has Output Growth Been Disappointing in Hungary?; C. Potential Output Growth in a Baseline Scenario; D. Potential Output Growth in a Reform Scenario; E. Summary and Conclusions; FIGURE; 1. Hungary Reform Scenario; APPENDICES; I. Review of Estimation Methods; II. Description of the Flexible System of Global Models (FSGM); REFERENCES; TAKING STOCK OF HUNGARY'S EXTERNAL VULNERABILITIES; A. Introduction; B. Developments over 2013-14; C. Factors Contributing to Hungary's Resilience over the Recent Turmoil. D. Remaining Sources of VulnerabilitiesE. External Risks and Potential Impact; F. Conclusions; REFERENCES; HUNGARY'S LABOR MARKET: RECENT TRENDS AND POLICIES; A. Introduction; B. Recent Labor Market Developments; BOXES; 1. Major Policy Changes Since 2011; C. Scope for Further Policy Action: Removing Obstacles to Employment; 2. International Policy Responses; D. Conclusions; TABLE; 1. Targeted Labor Market Interventions; REFERENCES.
Series Title: IMF Staff Country Reports.

Abstract:

This Selected Issues paper assesses recent trends in Hungaryâ??s potential growth and medium-term growth prospects. It analyzes to what extent the recent moderation of GDP growth reflects structural factors. The paper lays out some stylized facts about the Hungarian economy that could explain the growth slowdown observed in recent years. It provides estimates of potential growth using various methods, identifies the sources of the growth slowdown, and offers forecasts of potential growth over the medium-term under the baseline scenario. A model-based approach is also employed to estimate poten.

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