Photo of Balint Szoke

Balint Szoke

Education

  • Ph.D., Economics, New York University, 2020
  • M.A., Economics, Institute for Advanced Studies, Vienna, 2013
  • B.A., Applied Economics, Eotvos Lorand University, Budapest, 2011
  • B.A., Finance and Accounting, Corvinus University, Budapest, 2009
Current Research Topics
  • Transmission Mechanism of Monetary Policy
  • Model Misspecification
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2023 - present
  • Economist

    Board of Governors of the Federal Reserve System

    2020 - 2023
  • Inflation and Regulation of Government Debt: US Historical Evidence
    Jonathan Payne and Bálint Szőke
    Annual Review of Financial Economics (Forthcoming)
    https://doi.org/10.1146/annurev-financial-112823-015810
  • Costs of Financing U.S. Federal Debt Under a Gold Standard: 1791-1933
    Jonathan Payne, Bálint Szőke, George Hall, and Thomas J Sargent
    Quarterly Journal of Economics (2025)
    https://doi.org/10.1093/qje/qjae028
  • Financial Conditions and Risks to the Economic Outlook
    Andrea Ajello, Giovanni Favara, Gregory Marchal, and Balint Szoke
    FEDS Notes (2024)
    https://doi.org/10.17016/2380-7172.3599
  • Convenience Yield as a Driver of r*
    Balint Szoke, Ines Xavier, and Francisco Vazquez-Grande
    FEDS Notes (2024)
    https://doi.org/10.17016/2380-7172.3575
  • Sticky Leverage: Comment
    Andrea Ajello, Ander Perez-Orive, and Bálint Szőke
    Finance and Economics Discussion Series (2023)
    https://doi.org/10.17016/FEDS.2023.051
  • Estimating robustness
    Bálint Szőke
    Journal of Economic Theory (2022)
    https://doi.org/10.1016/j.jet.2021.105225
  • Optimal Positive Capital Taxes at Interior Steady States
    Jess Benhabib and Bálint Szőke
    American Economic Journal: Macroeconomics (2021)
    https://doi.org/10.1257/mac.20180191
  • Essays on Uncertainty, Model Misspecification, and Asset Pricing
    Bálint Szőke
    Dissertations (New York University) (2020)
  • Twisted Probabilities, Uncertainty, and Prices
    Lars Peter Hansen, Bálint Szőke, Lloyd S. Han, and Thomas J. Sargent
    Journal of Econometrics (2020)
    https://doi.org/10.1016/j.jeconom.2020.01.011
  • Optimal Positive Capital Taxes at Interior Steady States
    Jess Benhabib and Bálint Szőke
    NBER Working Paper Series (2020)
    https://doi.org/10.3386/w25895
Referee
  • American Economic Review
  • Journal of Economic Theory
  • Journal of Public Economics
  • Journal of the European Economic Association
  • Economics Letters
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Last Update: November 21, 2025