Hungary: Selected Issues

The Selected Issues paper examines policy challenges for inflation targeting in Hungary. It highlights that inflation targeting has been met with much initial success. A well-defined policy framework helped guide inflation expectations and provided an initial impetus toward resuming disinflation. The paper also focuses on the impact of aging on the public pension system. It describes the background underlying Hungary's current pension system, and provides a review of some of the recent work assessing Hungary's pension system viability.
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Volume/Issue: Volume 2002 Issue 109
Publication date: June 2002
ISBN: 9781451817867
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Topics covered in this book

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Business and Economics , Social Science , Inflation , Labor , Public Finance , Demography , ISCR , CR , exchange rate , monetary policy , net , net export , PAYG system , net error , net interest , net wage , retirement age , Pension spending , Pensions , Aging , Inflation targeting , Inflation

Summary

The Selected Issues paper examines policy challenges for inflation targeting in Hungary. It highlights that inflation targeting has been met with much initial success. A well-defined policy framework helped guide inflation expectations and provided an initial impetus toward resuming disinflation. The paper also focuses on the impact of aging on the public pension system. It describes the background underlying Hungary’s current pension system, and provides a review of some of the recent work assessing Hungary’s pension system viability.