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econ.EM2026
Macroprudential Policy and Downside Risk: Regime-Dependent Effects of Capital Regulation
Vivien Czofa, Tibor Szendrei, Katalin Varga
This paper employs a Threshold Bayesian Vector Autoregression (TBVAR) to estimate the regime-dependent macroeconomic effects of capital regulation in Hungary. Using the Factor-base…
econ.EM2026
A Roof Over Risk: A House Price-at-Risk Framework for Hungary
Tibor Szendrei, Nikolett Vágó, Katalin Varga
This paper develops a House Price-at-Risk framework to examine how housing subsidies, credit conditions, and supply factors influence the distribution of house price growth in Hung…