Nonlinear impact of financial deepening on income inequality (with Virmantas Kvedaras). Empirical Economics, Volume 60, 2021, pp. 1939-1967 (open access!).
The Resilience of EU Member States to the Financial and Economic Crisis (with Lucia Alessi, Francesca Campolongo, Jessica Cariboni, Anna Rita Manca, Balint Menyhert and Andrea Pagano). Social Indicators Research, Volume 148, 2020, pp. 569-598 (open access!)
Finance and economic growth: financing structure and non-linear impact (with Stelios Karagiannis and Virmantas Kvedaras). Journal of Macroeconomics, Volume 62, December 2019 (open access!).
Assessing the economic and social impact of tax and benefit reforms: A general-equilibrium microsimulation approach applied to Hungary (with Gábor Kátay and Áron Kiss). Economic Modelling, fVolume 75, November 2018, pp. 441-457. (open access!).
Evaluating the effectiveness of the new EU bank regulatory framework: A farewell to bail-out? (with Giuseppina Cannas, Jessica Cariboni, Francesca Di Girolamo, Sara Maccaferri, Marco Petracco Giudici). Journal of Financial Stability, Volume 33, December 2017, pp. 207-223. (open access!)
Interest Premium, Sudden Stop, and Adjustment in a Small Open Economy (with Istvan Konya). Eastern European Economics, Volume 54, Issue 4, July 2016, pp. 271-295. (WP version)
Evidence for Relational Contracts in Sovereign Bank Lending (NBER WP version, August 2014, with Cosmin Ilut) (Substantially revised version of "Determinants of Spreads on Sovereign Bank Loans: The Role of Credit History"). Journal of the European Economic Association, Volume 14, Issue 2, April 2016, pp. 375–404.
Business Cycles around the Globe: Some Key Facts. Emerging Markets Finance and Trade, Volume 50, Number 2, March-April 2014, pp. 102-109 (with Attila Ratfai)
Convergence, capital accumulation and the nominal exchange rate. Journal of International Money and Finance, Volume 33, October 2013, pp 260–281. (with Istvan Konya)
Economic Fluctuations in Central and Eastern Europe. The Facts. Applied Economics, 42: 25 (2010), 3279 — 3292. (with Attila Ratfai)
Cyclical Fluctuations in CIS Economies. Journal of Business Cycle Measurement and Analysis, Vol. 3. No. 1. (2007), pp. 121-136. (with Emin Muradov and Attila Ratfai) (click here for the full version)
Social Costs of Consumer Impatience in Hungary. Journal of Policy Modeling, 28 (2006), pp. 921-930. (with Andras Simon and Viktor Varpalotai
Information revelation, liquidity shocks, the volatility and the level of bond spreads. Economica, February 2005 (72), pp. 95-11
Economic Growth & Resilience (with István Kónya) in: László Mátyás (ed.) Central and Eastern European Economies and the War in Ukraine, Springer, 2024 (open access!).
Beyond growth: Pathways towards sustainable prosperity in the EU. European Parliament Research Service study.
Convergence to the Centre (with István Kónya), in László Mátyás (ed.), Emerging European Economies after the Pandemic, Springer, 2022.
Building a policy relevant resilience measure: beyond the economic perspective (with Elisabeth Joossens, Anna Rita Manca, Balint Menyhert and Slavica Zec), in: Gillian Bristow & Adrian Healy (ed.), Handbook on Regional Economic Resilience, chapter 9, pages 143-170, Edward Elgar Publishing, 2020.
The Hungarian Labour Market 2013, In Focus I: The labour market impact of taxes and transfers, editor -- Hungarian and English version is downloadable from http://econ.core.hu/kiadvany/mt.html
Introduction (with László Sándor), in: The Hungarian Labour Market 2013 – In Focus I: The labour market impact of taxes and transfers, 2012/2013. See http://econ.core.hu/kiadvany/mt.html
The elasticity of taxable income (with Áron Kiss and Pálma Mosberger), in: The Hungarian Labour Market 2013 – In Focus I: The labour market impact of taxes and transfers, 2012/2013. See http://econ.core.hu/kiadvany/mt.html
Sustainable and inclusive wellbeing: achievements and challenges of the European approach to prosperity (with Ana Boskovic, Jessica Cariboni, Enrico Giovannini, Andrea Pagano, and Alina Sandor), JRC Research Reports JRC141068, 2025.
Measuring sustainable and inclusive wellbeing: a multidimensional dashboard approach (with Ana Boskovic, Enrico Giovannini, Andrea Pagano, and Alina Sandor), JRC Research Reports JRC140456, 2025.
Sustainable and Inclusive Wellbeing, the road forward (with Ana Boskovic, Jessica Cariboni, Rachele Chevallier, Julia Le Blanc Julia, Alina Sandor, and Slavica Zec), JRC Research Reports JRC137910, 2024.
The Wellbeing economy: Beyond GDP and beyond growth (with Eloi Laurent, and Ana Boskovic), JRC Research Reports JRC139511, 2024
Economic Growth & Resilience (with István Kónya) in: László Mátyás (ed.) Central and Eastern European Economies and the War in Ukraine, Springer, 2024 (open access!).
Europe’s sustainable competitiveness future: justice, wellbeing, and innovation (with Juliana Subtil, Tahnee Ooms, Shaun Da Costa, Krzysztof Kania, Catherine Ganzleben, Alessia Fulvimari, and Ramona Samson), JRC Research Reports JRC139898, 2024.
Monitoring resilience in the EU (with Jessica Cariboni , Elisabeth Joossens, Julia Le Blanc, Balint Menyhert, and Andreea Piriu), JRC Research Reports JRC135043, 2023.
Beyond growth: Pathways towards sustainable prosperity in the EU. European Parliament Research Service study.
Health-adjusted income: complementing GDP to reflect the valuation of life expectancy (with Virmantas Kvedaras and Nadir Preziosi), JRC Research Reports JRC134152, 2023.
The vulnerability aspect of happiness: The European middle class perspective (with Virmantas Kvedaras), JRC Working Papers in Economics and Finance, 2023/5.
Charting the course towards a more resilient Europe, Strategic Foresight Report 2020, European Commission.
Prototype dashboard for monitoring the social and economic dimension of resilience, accompanying technical paper for the Strategic Foresight Report 2020,
Prototype dashboards for monitoring the geopolitical, green, and digital dimensions of resilience, accompanying technical paper for the Strategic Foresight Report 2020,
How resilient are the European regions? Evidence from the societal response to the 2008 financial crisis (with Elisabeth Joossens, Anna Rita Manca, Balint Menyhert, and Slavica Zec, Slavica), JRC Technical Reports JRC121554, August 2020.
Time for transformative resilience: the COVID-19 emergency (with Enrico Giovannini, Francesca Campolongo, Jessica Cariboni, and Anna Rita Manca), JRC Science for Policy Reports JRC120489, May 2020.
Beyond averages – fairness in an economy that works for people. A report by the Joint Research Centre of the European Commission (chapter 3), 2020 .
The Future of Cities. A report by the Joint Research Centre of the European Commission (chapter 18), 2019.
Artificial Intelligence: A European Perspective. A report by the Joint Research Centre of the European Commission (chapter 13), 2018.
What makes a fair society? Insights and evidence. A report by the Joint Research Centre of the European Commission (chapter 1.1), 2017.
Science for the AU-EU Partnership - Building knowledge for sustainable development. A report by the Joint Research Centre of the European Commission (chapter II.4), 2017.
Building a Scientific Narrative Towards a More Resilient EU Society. Part 1: a Conceptual Framework (joint with Anna Rita Manca and Enrico Giovannini). JRC Science for Policy Report 106265, 2017.
Banking Stress Scenarios for Public Debt Projections (joint with Katia Berti, Jessica Cariboni, Francesca Erica Di Girolamo, Sven Langedijk, Andrea Pagano, Marco Petracco Giudici), European Economy. Economic Papers 548. April 2015, European Commission, DG ECFIN.
EU-wide income inequality in the era of the Great Recession (joint with Zsombor Cseres-Gergely and Peter Harasztosi). JRC Working Papers in Economics and Finance, 2017/14.
Pannónia dicsérete? Magyar közgazdászok a nagyvilágban. A külföldön dolgozó magyar közgazdászok számbavétele, illetve az itthon és külhonban dolgozó közgazdász kutatók nemzetközi teljesítménye. Tájékoztató az MTA Közgazdaságtudományi Bizottsága részére. (Laus Pannoniae? Enlisting Hungarian economists working abroad. Evaluating the international performance of Hungarian research economists working in and out of the country Hungarian economists in the world. Brief for the Economic Science Committee of the Hungarian Academy of Sciences.) Magyar prezentáció -- előzetes eredmények (óvatosan használandó). Presentation in English -- preliminary results (use with care)
Income taxation, transfers and labor supply at the extensive margin (Summer 2014 version, joint with Gábor Kátay, Áron Kiss and Olivér Rácz )
The Elasticity of Taxable Income: Estimates and Flat Tax Predictions using the Hungarian Tax Changes in 2005. (2010 revised version of MNB Working Paper, 2008/7.) (with Dora Benedek and Peter Bakos) For revised results, see the "elasticity of taxable income" chapter of The Hungarian Labour Market 2013 – In Focus I: The labour market impact of taxes and transfers, 2012/2013. See http://econ.core.hu/kiadvany/mt.html
Economic fluctuations around the globe. (with Attila Ratfai)
Identifying Sovereign Bond Risks. (2007)
The transmission of Eurozone Shocks to Central and Eastern European Countries. (2006, with Attila Ratfai and Miklos Koren)
The Composition of Sovereign Debt: A Description. (2003)
The behavior of the nominal exchange rate at the beginning of disinflations. MNB Working Paper, 2003/1.
Disinflation Simulations with a Small Model of an Open Economy. MNB Working Paper, 2002/4. (in Hungarian, with Andras Simon and Viktor Varpalotai)
Changes in the Implicit Debt Burden of the Hungarian Social Security System. MNB Working Paper, 1999/8.
Kamatprémium, hitelválság és mérlegalkalmazkodás egy kis, nyitott gazdaságban (Interest Premium, Sudden Stop, and Adjustment in a Small Open Economy; in Hungarian, with István Kónya). Közgazdasági Szemle, Vol. LX. September 2013, pp 940-964.
Az adó és transzferrendszer változásainak elemzése viselkedési mikroszimulációs modell segítségével (Assessing the impact of changes intaxes and transfers with a behavioral microsimulation model, in Hungarian and English, with Gábor Kátay, Áron Kiss, Balázs Reizer and Mihály Szoboszlai), MNB Bulletin, 2011 October
Hogyan növelhető az adórendszer hatékonysága? (How can we increase the efficiency of the tax system?, with Ágota Scharle, Gábor Kátay and Balázs Váradi). MNB Occasional Papers 88.
Az alacsony aktivitás és foglalkoztatottság okai és következményei Magyarországon. (Causes and consequences of low activity and employment in Hungary, with a group of collaborators, edited by Gábor Kátay). MNB Occasional Papers 79.
Az adóköteles jövedelem rugalmassága. Becslés és egy egykulcsos adórendszerre vonatkozó számítás a 2005. évi magyar adóváltozások alapján. (The Elasticity of Taxable Income: Estimates and Flat Tax Predictions using the Hungarian Tax Changes in 2005; in Hungarian; with Peter Bakos and Dora Benedek). Közgazdasági Szemle, Vol. LV, September 2008, pp. 733-762
Adókulcsok hatása különbözõ gazdasági szereplõk viselkedésére – irodalmi összefoglaló. (Behavioral responses to taxation – a literature survey; in Hungarian). Közgazdasági Szemle, Vol. LIV, February 2007, pp. 101-117
Nominális növekedés egy kis nyitott gazdaságban. (Nominal growth in a small open economy; in Hungarian; with Istvan Konya). Közgazdasági Szemle, Vol. LII, June 2005, pp. 556-575
Nominális sokkok átmeneti reálhatása egy kétszektoros növekedési modellben. (Real Effects of Nominal shocks: a 2-sector Dynamic Model with Slow Capital Adjustment and Money-in-the-utility; in Hungarian). Közgazdasági Szemle, Vol. LI, February 2004, pp. 101-126
A nominálárfolyam viselkedése monetáris rezsimváltás után. (The behavior of the nominal exchange rate at the beginning of disinflations; in Hungarian). Közgazdasági Szemle, Vol. XLIX, October 2002, pp. 480-497
Javaslata magyarországi közgazdasági doktori képzés korszerűsítésére (Proposal for modernizing the doctoral training for economics in Hungary, with Péter Kondor, Gábor Kézdi, László Mátyás and Ákos Valentinyi, in Hungarian), Közgazdasági Szemle, Vol LX, June 2013, pp. 722-732.
A módszerek igenis benne vannak a tankönyvekben (The methods are there in the textbooks, in Hungarian) – an interview with me by Katalin Szilágyi, ELTECON blog, April 2012
Még egy kis közgazdászkodás (Another bit of economist talk, in Hungarian, with Gábor Kátay), IE-HAS blog (response), February 2011
Élénkíti-e az SZJA csökkentés a gazdaságot (Does the recent personal income tax cut boost the economy?, in Hungarian, with Gábor Kátay), January 2011, www.portfolio.hu
Amit nyerünk a réven, könnyen elveszthetjük a vámon (We may lose all our gains, in Hungarian, with Mihály Kovács, Gábor Kátay and Béla Szörfi), daily newspaper Napi Gazdaság, 2010/12/10
Olcsóbban is növelhető a hatékonyság - vélemény az adóreformról (We can increase efficiency at a lower cost -- an opinion on the tax reform, with Ágota Scharle, Gábor Kátay and Balázs Váradi; in Hungarian), online news portal www.portfolio.hu, October 11, 2010
Válság és makroökonómia (Macroeconomics and the current crisis), ELTECON blog, April 2009
Az szja hatásai: hozzászólás az egykulcsos adóvitához. (The impact of personal income taxes: a contribution to the flat tax debate; in Hungarian; with Dora Benedek), daily newspaper Nepszabadsag, August 13, 2008.
Egy sikeres gazdasági reform felé – Vélemény. (Towards a successful economic reform – a personal view; in Hungarian), online news portal www.portfolio.hu, June 16, 2008.
Az Európai Közgazdaságtudományi Egyesület (EEA) és az Ökonometriai Társaság (ES) éves európai kongresszusa. (The EEA Annual Congress and the European Meeting of the Econometric Society; in Hungarian; with Laszlo Halpern). Közgazdasági Szemle, Vol. LIV, December 2007, pp. 1121-1139
Nyári konferencia-nagyüzem. (Summer high season in academic conferences, in Hungarian), daily newspaper Vilaggazdasag, August 16, 2005.