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Hungary 2012
- Author / Creator
- Available as
- Online
- Summary
-
OECD's 2012 Economic Survey of Hungary reviews economic developments, prospects and policies and provides a series of policy recommendations. It also includes special chapters on the labour market ...
OECD's 2012 Economic Survey of Hungary reviews economic developments, prospects and policies and provides a series of policy recommendations. It also includes special chapters on the labour market and on the health care system.
Details
- Format
- Books
- Language
- English
- Publication
-
- Paris : OECD, 2012
- Series
- Physical Details
-
- 1 online resource (154 p.)
- ISBNs
- 9789264127272, 9264127275, 9264127267
- OCLC
- ocn784885980
- Description based upon print version of record.
- Includes bibliographical references.
- English
- Table of contents; Basic statistics of Hungary, 2010; Executive summary; Assessment and recommendations; Hungary's economy is facing renewed market stress; Figure 1. Key indicators; Table 1. Short-term outlook; Stabilising the economy and boosting potential growth; Short-term policies to restore confidence and head off the risk of a prolonged downturn; Resuming fiscal consolidation; Figure 2. Net lending and fiscal consolidation; Figure 3. Average tax wedge for different income percentiles; Figure 4. General government deficit and elections
- Facilitating household deleveraging without hurting banks is the key to putting growth on a sound footingFigure 5. Corporate and household lending; Appropriate measures to support the labour market and prevent an increase in structural joblessness; Figure 6. Beveridge curve, long-term unemployment and NAIRU; Box 1. Core recommendations on short-term policy priorities; Medium-term structural policies to foster potential output growth; Making debt sustainability less sensitive to macroeconomic shocks; Ensuring stable and affordable financing of the economy while minimising financial risks
- Living standards can be boosted by lifting one of the lowest participation rates in the OECDFigure 7. Labour force participation rates in OECD countries; Figure 8. Employment rates of women and total fertility rates; Improving health outcomes and the system; Figure 9. Life expectancy at birth relative to national income and health expenditure; Box 2. Core recommendations on medium-term policy priorities; Bibliography; Annex A1. Progress in main structural reforms; Chapter 1. Ensuring debt sustainability amid strong economic uncertainty
- A relatively favourable fiscal position despite the economic crisisThe cyclically-adjusted deficit improved markedly since the onset of the crisis...; Figure 1.1. General government financial balances; Box 1.1. A DSGE simulation of the macroeconomic impact of fiscal consolidation in Hungary; ... although the underlying fiscal position has significantly deteriorated recently; Figure 1.2. Cyclically adjusted and underlying fiscal balance; Box 1.2. Dissolution of the second pillar of the pension system; Figure 1.3. Composition of fiscal consolidation
- The Széll Kálmán plan: a positive step towards a more sustainable fiscal consolidationTable 1.1. The Széll Kálmán plan; Long-term fiscal sustainability remains highly sensitive to economic shocks; The downward debt trajectory is highly sensitive to economic shocks; Figure 1.4. Characteristics of government debt; Figure 1.5. Stochastic general government debt simulations; Long-term fiscal sustainability gaps may have worsened recently; Table 1.2. Sustainability indicators; Table 1.3. Projected change in gross age-related expenditure/GDP ratio and contributing factors
- Achieving more progress towards fiscal sustainability