Benk, Szilárd Jakab, Zoltán M. Kovács, Mihály András Párkányi, Balázs Reppa, Zoltán Vadas, Gábor
Year of Publication:
MNB Occasional Papers 60
This document gives a detailed account of the current version of the Hungarian Quarterly Projection Model (NEM). It describes the main building blocks, presents the forecast performance of the model and, finally, it illustrates the responses to the most important shocks the Hungarian economy may face. This version of the model is used to produce the Bank's quarterly projections, as well as to perform simulations and scenario analyses.