Szabolcs has joined the Business School in September 2019. He received his Masters degree in Economics from the University of Szeged (Hungary) in 1999 and worked there as a full-time Lecturer and then Senior Lecturer from 1999 to 2005. He went on to study Economics at post-graduate level from 2006 at Bocconi University (Milan, Italy), receiving his PhD in 2011. He previously worked at the Monetary Policy Research Division of the European Central Bank (Frankfurt am Main, Germany) and held a Jean Monnet Postgraduate Fellowship at the European University Institute (Florence, Italy). He joined the School of Economics at the University of Surrey in 2013 to support the research activities of the ESRC funded project "Agent-Based and DSGE Macroeconomic Models: A Comparative Study".
Nationality: Hungarian
Qualifications
Links
Research interests
- Monetary Economics
- Fiscal Policy
- Computational Economics
I am a macroeconomist with particular interest in questions related to the transmission and conduct of monetary, fiscal and macro-prudential policy. The methodology I employ is both theoretical and applied. I develop DSGE models to inform policy makers and to produce novel insights. I also use empirical methods to estimate reduced form and structural models. I am interested in developing and applying computationally intensive methods, which is supported by my strong background in computer science.
Key publications | Publications by category | Publications by year
Publications by category
Journal articles
Deak S (In Press). Tax Cuts in Open Economies.
Review of Economic DynamicsAbstract:
Tax Cuts in Open Economies
A reduction in capital tax rates generates substantial dynamic responses
within the framework of the standard neoclassical growth model. The
short-run revenue loss after a tax cut is partly --- or, depending on
parameter values, even completely --- offset by growth in the long-run, due
to the resulting incentives to further accumulate capital. We study how the dynamic response of government revenue to a tax cut changes if we allow a Ramsey economy to engage in international trade: the open economy's ability to reallocate resources between labor-intensive and capital-intensive industries reduces the negative effect of factor accumulation on factor returns, thus encouraging the economy to accumulate more than it would do under autarky. We explore the quantitative implications of this intuition for the US in terms of two issues recently treated in the literature: dynamic scoring and the Laffer curve. Our results demonstrate that international trade enhances the response of government revenue to tax cuts by a relevant amount. In our benchmark calibration, a reduction in the capital-income tax rate has virtually no effect on government revenues in steady state.
Abstract.
Publications by year
In Press
Deak S (In Press). Tax Cuts in Open Economies.
Review of Economic DynamicsAbstract:
Tax Cuts in Open Economies
A reduction in capital tax rates generates substantial dynamic responses
within the framework of the standard neoclassical growth model. The
short-run revenue loss after a tax cut is partly --- or, depending on
parameter values, even completely --- offset by growth in the long-run, due
to the resulting incentives to further accumulate capital. We study how the dynamic response of government revenue to a tax cut changes if we allow a Ramsey economy to engage in international trade: the open economy's ability to reallocate resources between labor-intensive and capital-intensive industries reduces the negative effect of factor accumulation on factor returns, thus encouraging the economy to accumulate more than it would do under autarky. We explore the quantitative implications of this intuition for the US in terms of two issues recently treated in the literature: dynamic scoring and the Laffer curve. Our results demonstrate that international trade enhances the response of government revenue to tax cuts by a relevant amount. In our benchmark calibration, a reduction in the capital-income tax rate has virtually no effect on government revenues in steady state.
Abstract.
I have extensive teaching experience in Macroeconomics and Quantitative Methods. I have been a Lecturer or a Teaching Assistant for several courses at both undergraduate and postgraduate levels (including PhD) in Hungary, Italy and the United Kingdom.
Modules
2022/23
