PERSONAL SITE OF
ADAM CZELLENG
Thinker. Researcher. Teacher.
Experienced Economist with a demonstrated history of working in the consulting industry.
ABOUT ME
Currently, I am working as Head of Research at Rekon Partners advisory firm and as an associate professor at the Budapest University of Economics and Business.
I have three years of experience working in investment banking also worked for six years at the most-cited think tank in the CEE region. As a research manager, I mainly covered projects related to banking, finance or economic modelling. I have consulted numerous companies and institutions on macroeconomic and data modelling.
Between 2020 and 2022, I headed up the Research and Analysis Team at the Hungarian Tourism Agency to implement data driven sector management in tourism.
I founded Rekon, a data-driven startup that aims to industrialize complex forecasting and economic modeling workflows transforming traditionally bespoke, expert-built models into scalable, standardized, and continuously updating forecasting systems. Our work focuses on macroeconomic, energy, commodity, and sectoral forecasting. Rekon have advised numerous corporations, financial institutions, and public-sector organizations on high-impact analytical and forecasting challenges.I hold a PhD degree in economics. As an expert I shared my knowledge on podcasts, studies and conferences.
RECENT PUBLICATIONS
Research and Articles
CZELLENG [2025]:
Domestic and international determinants of optimal inflation measure selection for rule-based monetary policy during an energy price shock
This study examines two questions for a rule-based monetary policy in case of an energy price shock. First, what indicators should a central bank respond to in the event of an energy price shock, and second, what factors influence this choice? A semi-structural New Keynesian-based model is sufficiently adaptable to empirical observations (US and Eurozone in this study) and flexible enough to run alternative scenarios. It evaluates CPI, core inflation, expectation-based approaches, and hybrid measures to determine their effectiveness under varying structural and external conditions. The findings highlight the nuanced considerations necessary for effective monetary policy formulation, demonstrating that domestic economic structures and international policy environments significantly influence the choice of inflation measure. This research emphasises that choosing an optimal inflation measure requires strategic consideration. The study offers new empirical insights, presents simulation results for various scenarios, and confirms previous findings in the literature, contributing to the understanding of optimal inflation-targeting strategies in a globally interconnected context.
RESEARCH
In my academic research, I focus on current economic issues and topics (e.g. monetary policy challenges, long term impact of macroprudential policies, cryptocurrencies, economic impact of demographic changes and income inequality). In my analysis, I am keen on applying the most up-to-date methods and measures.
