The Magyar Nemzeti Bank (MNB) is committed to making available to the general public central bank analyses dealing with various topical economic and financial trends of general interest. With three articles and the review of a workshop, this publication is the third issue of the fourth volume of the MNB Bulletin. Focusing on the topical issues of the Hungarian economy and central banking, the subjects discussed in the three articles of this issue of the Bulletin range from the role of two-week MNB bills in domestic financial markets, developments in the credit risk of retail mortgage loans and the wage-setting practices of Hungarian firms. Finally, the fourth article provides a review of the workshop which was organised by the MNB jointly with the London-based Centre of Economic Policy Research and held in Budapest on 3–4 September.
The articles of this volume can be downloaded below:
Csaba Balogh: The role of MNB bills in domestic financial markets. What is the connection between the large volume of MNB bills, bank lending and demand in the government securities markets?
Dániel Holló: Risk developments on the retail mortgage loan market
Peter Karadi (ed.): Rethinking Business Cycle Models – Workshop at the MNB
Gábor Kézdi and István Kónya: Wage setting in Hungary: evidence from a firm survey
The complete volume is downloadable here