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Horváth Michal

Horváth Michal

Chief economist


Fields of interest: interaction of monetary and fiscal policy, heterogeneity in macroeconomics.

years of publ.NBS Publications
2009‘Making Fiscal Commitments Credible. Institutions for Responsible and Transparent Fiscal Policy in Slovakia’, with Ludovit Odor, National Bank of Slovakia Discussion Paper No. 2/2009, full text in Slovak
years of publ.Selected External Publications
2020OECD Review of the Office for Budget Responsibility of the United Kingdom, 2020, with Peter Fontaine, Gemma Tetlow and Lisa von Trapp.
2019The end of the flat tax experiment in Slovakia: An evaluation using behavioural microsimulation in a dynamic macroeconomic framework, 2019, Economic Modelling, 80, August, 171-184, with Matus Senaj, Zuzana Siebertova, Norbert Svarda and Jana Valachyova (all Council for Budget Responsibility, Slovakia).
2019Real Rigidities and Optimal Stabilization at the Zero Lower Bound in New Keynesian Economies, 2019, Macroeconomic Dynamics, 23(4), June, 1371-1400, with Adiya Belgibayeva.
2018Children of the crisis, Fiscal councils in Portugal, Spain and Ireland, in Beetsma, R. and Debrun, X. (eds) (2018) ‘Independent Fiscal Councils: Watchdogs or lapdogs?‘, A Book, CEPR Press, January, pp. 125-133.
2018EU Independent Fiscal Institutions: An Assessment of Potential Effectiveness‘, 2018, Journal of Common Market Studies, 56(3), April, pp. 504-519.
2017Making the Most of the European Fiscal Board, with Zareh Asatryan, Xavier Debrun, Friedrich Heinemann, Ludovit Odor and Mustafa Yeter, SEEK-ENBI ZEW Policy Brief No. 3, 24 April 2017
2012Computational Accuracy and Distributional Analysis in Models with Incomplete Markets and Aggregate Uncertainty, 2012, Economics Letters, 117(1), October, pp. 276-279
2011Alternative Perspectives on Optimal Public Debt Adjustment, 2011, The B.E. Journal of Macroeconomics: Vol 11: Iss.1 (Topics), Article 34.
2009The Effects of Government Spending Shocks on Consumption under Optimal Stabilization, 2009, European Economic Review, 53(7), pp. 815-829.