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Recenzió: Könnyelmű verdikt – Az államadósság védelmében

Kovacs, O. (2022): Könnyelmű verdikt az államadósság fölött / Light-hearted Verdict over Public Debt/. Review article in Hungarian, Eichengreen, B.–El-Ganainy, A.–Esteves, R.–Mitchener, K. J.: In Defense of Public Debt. Oxford University Press, p. 313, Economic Review, Vol. 69., March 2022, pp. 413-418 What the book says, by the way, is not that we can see debt accumulation as a path to salvation and ordinary happine
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Deficit and Debt in Transition. The Political Economy of Public Finances in Central and Eastern Europe

Kovács, O. (2016): Benczes, István (ed.) (2014): Deficit and Debt in Transition. The Political Economy of Public Finances in Central and Eastern Europe. Central European University Press, Budapest, 250 p. Külgazdaság, Vol. 60., No. 3-4, pp. 101-107. A kötet újdonságértékét legfőképpen az adja, hogy a politikai gazdaságtani megközelítést az átalakuló, posztszocialista országokra, vagyis a kelet és közép-európai ország
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The Italian (Economic) Job

Almost two years ago, Andrew Ang and Francis A. Longstaff pointed out that the empirical evidence suggests that systemic sovereign risk has its roots in financial markets rather than in macroeconomic fundamentals.[1] The crisis-ridden Italy, which is now facing high level of political instability as well, has been manoeuvring not so dramatically since the end of 2012 when the Prime Minister Mario Monti resigned. In o
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Innovative Fiscal Policy in the Context of Sustainability

Kovács, O. (2011): Innovative Fiscal Policy in the Context of Sustainability. In: Hanna, L. – Vehmas, J. (2011): Trends and Future of Sustainable Development Conference Proceedings. Proceedings of the Conference “Trends and Future of Sustainable Development” 9-10 June 2011, Tampere, Finland. pp. 274-286 Our article addresses the question of what kind of fiscal policy could properly contribute to the requirements of f
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