A cikk bevezetést nyújt az időben változó együtthatójú lineáris ökonometriai modellek megoldási módozataiba és elemzi ökonometriai képességeiket. Elsőként az állapot-tér modellkeretben működő Kalman-szűrőt és a hozzá szorosan kapcsolódó (ám kevéssé ismert)...

Az értekezés négy önálló tanulmányból áll négy fő fejezetben, amelyek témáját összeköti az időben változó paraméterű ökonometriai modellek alkalmazása. Elsőként áttekintést adunk az időben változó paraméterű regressziók lehetséges becslési módszereiről, a...

This Policy Contribution was prepared as a briefing paper for the European Parliament Economic and Monetary Affairs Committee’s Monetary Dialogue, entitled ‘The threat of 'currency wars': global imbalances and their effect on currencies,' held on 30 November 2010. Bruegel Fellows Jean...

This Policy Contribution was prepared as a briefing paper for the European Parliament Economic and Monetary Affairs Committee’s Monetary Dialogue, entitled ‘The threat of 'currency wars': global imbalances and their effect on currencies,' held on 30 November 2010. Bruegel Fellows Jean...

The level and composition of public expenditures and revenues both have implications for economic development, as shown by the ‘fiscal multiplier’ and the ‘quality of public finance’ literature. Public finance decisions also influence the distribution of income. Based on a review of the...

In the context of the review of the EU economic governance framework, this study recommends a multi-year ahead expenditure rule anchored in an appropriate public debt target, augmented with an asymmetric golden rule that provides extra fiscal space only in times of a recession. An improved...

The deep economic contraction triggered by COVID-19 results in large budget deficits and ballooning public debts, which could pose serious fiscal challenges to several countries. COVID-related challenges amplify the difficulty of long-standing public finance problems, such as the sustainability...

We employ a novel methodology for the study of the characteristics of successful European Union cohesion projects. We first estimated ‘unexplained economic growth’ by controlling for the influence of various region-specific factors, and then analysed its relationship with about two dozen...

This paper studies the role of fiscal and monetary institutions in macroeconomic stability and budgetary control in central, eastern and south-eastern European countries (CESEE) in comparison with other OECD countries. CESEE countries tend to grow faster and have more volatile output than...

In a paper on the effects of the global financial crisis in Central and Eastern Europe (CEE), the author reacts to a paper of Åslund (2011) published in the same issue of Eurasian Geography and Economics on the influence of exchange rate policies on the region’s recovery. The author argues...