Dr. Michal Horvath



Magister (Comenius University Bratislava) M.Sc. (York) Ph.D. (St Andrews)

Before coming to York, I was a Research Fellow at Nuffield College, University of Oxford between 2009 and 2014.

Between 2012 and 2015, I served a three-year term as one of the founding members of Slovakia's Council for Budget Responsibility - an independent fiscal watchdog. Between 2008 and 2010, I was a member of the Economic and Financial Committee of the European Union and the Eurogroup Working Group on behalf of Slovakia. My external engagement activities include interacting with the Network of EU Independent Fiscal Institutions.


Selected publications

'The Effects of Government Spending Shocks on Consumption under Optimal Stabilization', 2009, European Economic Review, 53(7), pp. 815-829.

'Alternative Perspectives on Optimal Public Debt Adjustment', 2011, The B.E. Journal of Macroeconomics: Vol 11: Iss.1 (Topics), Article 34.

'Computational Accuracy and Distributional Analysis in Models with Incomplete Markets and Aggregate Uncertainty', 2012, Economics Letters, 117(1), October, pp. 276-279

'Real Rigidities and Optimal Stabilization at the Zero Lower Bound in New Keynesian Economies', 2017, Macroeconomic Dynamics (forthcoming), with Adiya Belgibayeva (Birkbeck, University of London).

'EU Independent Fiscal Institutions: An Assessment of Potential Effectiveness', 2017, Journal of Common Market Studies (forthcoming).

Full publications list

Full publication details can be found at http://ideas.repec.org/e/pho183.html



I am investigating issues in fiscal policy design in the context of economies with heterogeneous agents. I am also interested in questions concerning (optimal) monetary and fiscal policy interaction.

Research group(s)

  • Macroeconomics/Finance



  • Economics II: Macroeconomics
  • Macroeconomics I


  • International Macroeconomics

Other teaching


  • Macroeconomics for Research

michal horvath

Dr Michal Horvath
Department of Economics
Room: A/EC/102

Tel: 01904 323574

Personal website

View full CV here

Office & feedback hours during term time: Wednesday 9am-11am