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fiscal policy
Book Review: Fiscal Policy Under Low Interest Rates (Olivier Blanchard)

Review: Fiscal Policy for Eternity: Review of Olivier Blanchard’s Fiscal Policy Under Low Interest Rates

Kovacs, O. (2023): Fiscal Policy for Eternity – Public Debt: Devil or Messiah? /in Hungarian/ Review of Olivier Blanchard’s Fiscal Policy Under Low Interest Rates, MIT Press, US, 2022/2023, p. 176, Economic Review, Vol. 70., No. 1, pp. 103-110 The opinion canon of mainstream economics is being broken by more and more dissonant voices, the source of which is the mainstream itself. Therefore, we can attribu
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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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Dependent Uncertainties and Governance

Kovács, O. (2013): Dependent Uncertainties and Governance. News of the Month, ICEG European Center, October 2013 pp. 4-10. In this article we devote attention to uncertainties and their implications on governance, particularly on fiscal governance. We argue that a prone to high uncertainties is an embedded feature of our time and national fiscal governance should consolidate with a more systemic view to cope with ind
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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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The Concept of Innovative Fiscal Policy: Theory and Empirical Evidence

Kovács, O. (2011): The Concept of Innovative Fiscal Policy: Theory and Empirical Evidence. Competitio, Vol. 10, No. 2. (December, 2011) This contribution addresses the question of what are the main constituents of an innovative fiscal policy in the context of sustainability. We apply the concept of sustaining and disruptive innovation to fiscal policy. On the one hand, innovative fiscal policy is able to be sustainin
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From the 1800s to the Future – Forecasts and Fiscal Institutions

Kovács, O. (2010): From the 1800s to the Future – Forecasts and Fiscal Institutions. News of the Month, ICEG European Center, November 2010 pp. 4-9. Our article attempts to illustrate whether the use of fiscal institutions (e.g. independent fiscal councils) of certain European countries are taken into account by fiscal position-related forecasts reflecting that these institutionalisations positively affect the progno
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Fiscal Sustainability and Consolidation – The Contradictory Cases of Finland and Portugal (in Hungarian)

Kovács, O. (2010): Fiskális fenntarthatóság és konszolidáció – Potugália és Finnország ellentmondásos esete (Fiscal Sustainability and Consolidation – The Contradictory Case of Finland and Portugal). Köz-Gazdaság, Vol. 5. No. 2. pp. 167-188 The study focuses on consolidations which facilitate fiscal sustainability through the analysis of Portugal and Finland. On the basis of evidences stemming from the economic liter
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