Zsolt Darvas
Zsolt Darvas is a Senior Fellow at Bruegel and a part-time Senior Research Fellow at the Corvinus University of Budapest. He joined Bruegel in 2008 as a Visiting Fellow, and became a Research Fellow in 2009 and a Senior Fellow in 2013.
From 2005 to 2008, he was the Research Advisor of the Argenta Financial Research Group in Budapest. Before that, he worked at the research unit of the Central Bank of Hungary (1994-2005) where he served as Deputy Head.
Zsolt holds a Ph.D. in Economics from Corvinus University of Budapest where he teaches courses in Econometrics but also at other institutions since 1994. His research interests include macroeconomics, international economics, central banking and time series analysis.
Personal website: https://www.darvas.online/
Disclosure of interests
Featured work
Real effective exchange rates for 178 countries
Using alternative data sources for exchange rates and consumer prices, we calculate REER for 177 countries monthly and 178 countries annually
Sovereign Debt and Fiscal Integration in the European Union
How has Europe’s gender wealth gap evolved, and why?
Gender wealth inequality in the European Union: a distributional perspective
Analysis of single women and men in Europe reveals persistent gender wealth gaps and differing patterns across countries
All work
Dataset
12 November 2025
Real effective exchange rates for 178 countries
Using alternative data sources for exchange rates and consumer prices, we calculate REER for 177 countries monthly and 178 countries annually
External publication
06 November 2025
Newsletter
03 November 2025
Working paper
30 October 2025
Gender wealth inequality in the European Union: a distributional perspective
Analysis of single women and men in Europe reveals persistent gender wealth gaps and differing patterns across countries
Dataset
29 October 2025
Russian foreign trade tracker
Tracking Russian trade using data from the EU, China, the US, South Korea, Japan, India, the UK, Turkey, Switzerland, Norway, Brazil and Kazakhstan
Policy Brief
22 October 2025
What Germany’s medium-term fiscal plan means for Europe
EU leniency on Germany’s fiscal plan highlights rule rigidity and the need for reform to support investment
Dataset
18 October 2025
Podcast
01 October 2025
What should Europe pay for?
The EU’s next seven-year budget grapples with agriculture, defence and public goods
External publication
18 September 2025
External publication
16 September 2025