연구정보
[정책] Hungarian Monetary Policy Operations Before, During, and After the Pandemic: Hungary
헝가리 국외연구자료 연구보고서 - IMF 발간일 : 2023-02-26 등록일 : 2023-03-17 원문링크
Within its inflation-targeting framework, the Magyar Nemzeti Bank (MNB) has frequently adjusted its monetary operations. This has raised questions about their internal consistency, appropriateness, and effectiveness. A broader assessment, implying a comparison to a counterfactual, is outside the scope of this paper. Our prior is agnostic. We find that the changes were generally well-motivated within the MNB statutory powers; prioritized, transparently explained, and monitored; and promptly adjusted, when they no longer served their purpose. Occasionally, some tools have worked at cross purposes. Government policies have at times hampered monetary policy. Simplicity comes with a premium, as complexity can blur signals.
본 페이지에 등재된 자료는 운영기관(KIEP) 및 EMERiCs의 공식적인 입장을 대변하고 있지 않습니다.
이전글 | [경제] Inflation Dynamics in the Western Balkans | 2023-03-17 |
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다음글 | [경제] OECD Economic Surveys: Türkiye 2023 | 2023-03-30 |