01561cas a2200241 a 4500 AALejournalIMF005392 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451818109 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Hungary : Selected Issues. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (42 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper for Hungary highlights the monetary policy framework in Hungary and the models used by the central bank (MNB). The MNB's Quarterly Projection Model combines neo-Keynesian features in the short term with neoclassical features in the long term. It is a two-sector small-open-economy model, estimated by Bayesian methods. Fiscal policy is modeled using various revenue and expenditure items. Rich in sectoral details and structural shocks, the model generates impulse responses of different variables to structural shocks. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2008/314 Full text available on IMF http://elibrary.imf.org/view/journals/002/2008/314/002.2008.issue-314-en.xml IMF e-Library