We revisit the debt overhang question. We first use non-parametric techniques to isolate a panel of countries on the downward sloping section of a debt Laffer curve. In particular, overhang countries are ones where a threshold level of debt is reached in sample, beyond which (initial) debt ends...

This paper improves the analysis of the role of financial frictions in the transmission of monetary policy, by bringing together the borrowers' balance sheet channel with an additional channel working through bank capital, considering capital adequacy regulations and households' preferences for...

Over the last few years Hungary has posted large and increasing surpluses in its trade balance. The country has also become a net lender to the rest of the world, revealed by the surplus in the current and capital account of the balance of payments. These developments are mirrored by significant...

Over the last few years Hungary has posted large and increasing surpluses in its trade balance. The country has also become a net lender to the rest of the world, revealed by the surplus in the current and capital account of the balance of payments. These developments are mirrored by significant...

In this study, we present the first results of a telephone survey that was conducted among families raising a school-age child. Parents and children were asked about their experiences with online teaching following Covid-19 lockdowns. The data collection took place in April 2021, just after one...

This study estimates the expected long-term budgetary benefits to investing into Roma education in Hungary. By budgetary benefits we mean the direct financial benefits to the national budget. The main idea is that investing extra public money into Roma education would pay off even in fiscal...

The paper looks at school segregation in Hungary by ethnicity (Roma versus non-Roma) and social disadvantage. We use comprehensive data from the National Assessment of Basic Competences from 2006. School segregation is measured at various levesl: by micro-regions, within towns and cities, and...

Measuring non-cognitive skills in evaluations of education policy interventions is an increasingly important task. At the same time, choosing the adequate measures is difficult. Contrary to cognitive development, there is a shortage of reliable and valid measures of personality and behavioral...

The National Educational Integration Network (OOIH) launched a program in 2003 that focused on the integrated education of primary school children (grades 1 through 8) in 45 schools in Hungary. The goal of the program was to compensate for the educational disadvantages of children from poor...

The paper looks at secondary school attendance and grade retention after 8th grade in Hungary. It makes use of panel data of the Hungarian Life Course Survey from 2006 through 2009. Three and a half years after finishing 8th grade, ninety per cent of the children are in school, three quarters on...