Working Papers

Works in progress:

The Price of Education Miracles.

A Database on Foreign Trade Sophistication in Central and Eastern Europe. Co-author: L. Bruszt (Central European University).

Released:

How to Gain the Most from Structural Conditionality of IMF-Supported Programs. Co-authors: J. Andritzky and K. Wang (both International Monetary Fund). International Monetary Fund Working Paper No. 21/139, May 2021.

IMF Working Paper.

Presented: European Investment Bank, Luxembourg / online, March 2022 (invited)

A Framework for Assessing the Costs of Pension Reform Reversals. Co-authors: D. Baksa (International Monetary Fund) and C. Nerlich (European Central Bank). International Monetary Fund Working Paper No. 20/132, July 2020; European Central Bank Working Paper Series No. 2396, April 2020; VoxEU, April 2020; and European Central Bank Research Bulletin NO. 68, March 2020.

IMF Working Paper. ECB Working Paper. VoxEU post. ECB Research Bulletin Article.

Presented: 18th International Conference on Pensions, Insurance and Savings, Rabat / online, June 2022 (upcoming) | International Monetary Fund, Washington, DC / online, Jan 2022 (invited) | European Commission 3rd Joint Research Centre Fiscal Policy Modelling Workshop, Seville / online, March 2021 (invited, co-author) | XXII Banca d’Italia Workshop on Public Finance, Rome, Apr 2020 (co-author) - cancelled due to COVID-19 | International Monetary Fund, Washington, DC, Mar 2020 | 34th Annual Congress of the European Economic Association and 72nd European Meeting of the Econometric Society, Manchester, Aug 2019 (co-author) |2019 International Institute of Public Finance Annual Congress, Glasgow, Aug 2019 | European Central Bank, Frankfurt am Main, Nov 2018 (co-author)

More Gray, More Volatile? Aging and (Optimal) Monetary Policy. Co-author: D. Baksa (Central European University and International Monetary Fund). Dynare Working Paper no. 58, February 2020; International Monetary Fund Working Paper No. 19/198, September 2019; and Bank of Lithuania Working Paper No. 67/2019, September 2019.

Dynare Working Paper. IMF Working Paper. BoL Working Paper.

Presented: European Commission Joint Research Centre B2 Seminar, Seville / online, Dec 2021 (invited) | 2021 Annual Conference of the Royal Economic Society, Belfast / online, Apr 2021 (co-author) | Summer Workshop 2020 of the Hungarian Academy of Sciences, Budapest / online, Aug 2020 | SCE 26th International Conference on Computing in Economics and Finance, Warsaw, June 2020 - cancelled due to COVID-19 | 2020 Annual Conference of the Royal Economic Society, Brighton, Apr 2020 - cancelled due to COVID-19 | Dynare 2019 Conference, Lausanne, Sept 2019 | International Monetary Fund, Washington, DC, Jan 2019 | 33rd Annual Congress of the European Economic Association and 71st European Meeting of the Econometric Society, Aug 2018 (co-author) | Central European University, Budapest, Jan 2018 (co-author) | 2017 Conference of the Hungarian Society of Economists, Budapest, Dec 2017 (co-author) | Central European University, Budapest, Sept 2017 (co-author) | Bank of Lithuania, Vilnius, Aug 2017 (co-author) | Bank of Lithuania, Vilnius, July 2017 (co-author)

Promoting Job-Rich Growth in Morocco Through Well-Sequenced Structural Reforms. Co-authors: M. Benlamine, and B. Sarr (all International Monetary Fund). International Monetary Fund Working Paper No. 19/222, October 2019.

IMF Working Paper.

Presented: World Bank, Washington, DC, Jan 2020 (invited, co-author) | Bank Al-Maghrib, Rabat / online, March 2019 (co-author) | Bank Al-Maghrib, Rabat, Nov 2018 (co-author)

Structural Reform Packages, Sequencing, and the Informal Economy. Co-author: M. Saxegaard (International Monetary Fund). International Monetary Fund Working Paper 17/125, May 2017; and International Monetary Fund Research Bulletin, Volume 18, Number 2, June 2017.

Working Paper. Technical Appendix. Bulletin Article.

More about the STRESS model.

Presented: Centre for the Study of African Economies Conference: Economic Development in Africa, University of Oxford, Oxford, March 2018 | RES-SPR Seminar Series: Jobs, Growth, Structural Reforms of the International Monetary Fund, Washington DC, Dec 2017 | International Monetary Fund, Washington DC, Jan 2017 | RES-SPR Seminar Series: Jobs, Growth, Structural Reforms of the International Monetary Fund, Washington DC, Jan 2017 | 40 Simposio de la Asociación Española de Economía (Spanish Economic Association, SAEe), Girona, Dec 2015 | International Conference on Institutions, Reforms and Economic Development, Beijing, Sept 2015 | 4th Annual Lithuanian Conference on Economic Research, Kaunas, Aug 2015 | 4th Shadow Conference, Exeter, July 2015 | 2014 Conference of the Hungarian Society of Economists, Budapest, Dec 2014 | The Rimini Conference in Economics and Finance, Rimini, June 2014 | Spring Meeting of Young Economists, Vienna, Apr 2014 | European University Institute, Firenze, Nov 2013 | AFR Growth and Debt Network Seminar of the International Monetary Fund, Washington DC, Sept 2013

Aging, Informality and Public Policies in a Small Open-Economy. Co-authors: D. Baksa (Central European University and Hungarian Academy of Sciences) and M. Constantinescu (Bank of Lithuania). Bank of Lithuania Discussion Paper Series No 2/2016, October 2016.

Discussion Paper.

More about the OGRE model.

Presented: National Bank of Romania, Bucharest / online, Apr 2019 (invited) | International Monetary Fund, Washington DC, Jan 2017 | European Central Bank, Frankfurt am Main, November 2016 (co-author, invited) | Bank of Lithuania, Vilnius, Sept 2016 | 5th Annual Lithuanian Conference on Economic Research, Vilnius, June 2016 | Bank of Lithuania, Vilnius, May 2016

Aging, (Pension) Reforms and the Shadow Economy in Southern Europe. Co-author: D. Baksa (Central European University and Hungarian Academy of Sciences). Bank of Lithuania Working Paper Series No 32/2016, August 2016.

Working Paper.

More about the OGRE model.

Presented: National Bank of Romania, Bucharest / online, Apr 2019 (invited) | International Monetary Fund, Washington DC, Jan 2017 | European Central Bank, Frankfurt am Main, Sept 2016 (invited) | Council for Budget Responsibility, Bratislava, Sept 2016 (invited) | 2016 York Fiscal Policy Symposium, York, July 2016 | Bank of Latvia (ESCB) Public Finance Workshop, Riga, June 2016 | 14th International Conference on Pensions, Insurance and Savings, Paris, May 2016 | National Bank of Slovakia, Bratislava, May 2016 (invited) | Deutsche Bundesbank, Frankfurt am Main, Apr 2016 (invited) | 2016 Annual Conference of the Scottish Economic Society, Perth, Apr 2016 | 2016 Annual Conference of the European Public Choice Society, Freiburg, Mar-Apr 2016 | 2016 Annual Conference of the Royal Economic Society, Brighton, Mar 2016 | Bank of Lithuania, Vilnius, Mar 2016 | 2015 Conference of the Hungarian Society of Economists, Budapest, Dec 2015 | 4th International Workshop on the Socio-Economics of Ageing, Lisbon, Oct 2015 | Bank of Lithuania, Vilnius, Oct 2015

A Detailed Description of OGRE, the OLG Model. Co-author: D. Baksa (Central European University and Hungarian Academy of Sciences). Bank of Lithuania Working Paper Series No 31/2016, August 2016.

Working Paper.

More about the OGRE model.

Presented: National Bank of Romania, Bucharest / online, Apr 2019 (invited) | International Monetary Fund, Washington DC, Jan 2017 | European Central Bank, Frankfurt am Main, Sept 2016 (invited) | Council for Budget Responsibility, Bratislava, Sept 2016 (invited) | 2016 York Fiscal Policy Symposium, York, July 2016 | Bank of Latvia (ESCB) Public Finance Workshop, Riga, June 2016 | 14th International Conference on Pensions, Insurance and Savings, Paris, May 2016 | National Bank of Slovakia, Bratislava, May 2016 (invited) | Deutsche Bundesbank, Frankfurt am Main, Apr 2016 (invited) | 2016 Annual Conference of the Scottish Economic Society, Perth, Apr 2016 | 2016 Annual Conference of the European Public Choice Society, Freiburg, Mar-Apr 2016 | 2016 Annual Conference of the Royal Economic Society, Brighton, Mar 2016 | Bank of Lithuania, Vilnius, Mar 2016 | 2015 Conference of the Hungarian Society of Economists, Budapest, Dec 2015 | 4th International Workshop on the Socio-Economics of Ageing, Lisbon, Oct 2015 | Bank of Lithuania, Vilnius, Oct 2015

Fiscal Austerity, Unemployment and Family Firms. Deutsche Bundesbank, Discussion Paper No 06/2015, May 2015.

Discussion Paper. Technical Appendix.

Presented: 16th Annual Conference of Public Economic Theory Association, Luxembourg, July 2015 | 21st Computing in Economics and Finance, Taipei, June 2015 | Young Economists’ Meeting, Brno, May 2015 | Bank of Lithuania, Vilnius, Jan 2015 | Debunking Austerity – Towards Alternative Economic Policy Scenarios, Pisa, Nov 2014 | European University Institute, Firenze, Sept 2014 | Summer Workshop 2014 of the Hungarian Academy of Sciences, Budapest, Aug 2014 | The Rimini Conference in Economics and Finance, Rimini, June 2014 | Spring Meeting of Young Economists, Vienna, Apr 2014 | Deutsche Bundesbank, Frankfurt am Main, Mar 2014

Regulatory Integration and Convergence. Assessing the Economic and Social Consequences of EU Regulatory Integration in the Central and Eastern European Countries. Co-author: L. Bruszt (European University Institute). European Commission FP7 report, April 2015.

Manuscript available upon request.

Presented: MAXCAP Midterm Conference, Istanbul, Apr 2015 (co-author)

Unit Values, Unit Labour Costs and Trade Performance in four Central European Countries. Co-authors: G. Bekes, B. Murakozy and G. Oblath (Hungarian Academy of Sciences). Hungarian Academy of Sciences, Centre for Economic and Regional Studies, Discussion Paper 2013-29, September 2013. (European Commission FP7 project.)

Discussion Paper.

Does Fiscal Instability Cause Macroeconomic Instability? Empirical Evidence from OECD Countries. Szazadveg Gazdasagkutato, Working Paper, March 2012.

Working Paper available upon request.

This paper was a tuition material for the Harvard John F. Kennedy School of Government's summer school in 2012.

Demographics and Fiscal Sustainability in DGSE-OLG models. Co-author: D. Baksa (Koltsegvetesi Tanacs Titkarsaga). Manuscript.

Manuscript (in Hungarian) available upon request.

Presented: 2010 Conference of the Hungarian Society of Economists, Budapest, Dec 2010