I am currently a Head of Research Unit and Adviser to the Board at the Czech National Bank and the Lecturer at the Charles University, Prague. My research focuses on various aspects of monetary policy. I am currently working on the research projects in two areas. (1) Monetary policy transparency, uncertainty and credibility. (2) Financial sector and monetary policy transmission. My prior research on monetary policy has appeared in several well-established journals such as Economic Modelling, Economic Systems, Empirica or Global Economy Journal.
Articles in refereed journals
Central Bank Communication and Exchange Rate Volatility: A GARCH Analysis (with Radovan Fiser), Macroeconomics and Finance in Emerging Market Economies, forthcoming (2009)
Corporate Interest Rates and the Financial Accelerator in the Czech Republic (with Jarko Fidrmuc and Eva Horvathova), Emerging Markets Finance and Trade, forthcoming (2009)
Estimating Expected Loss Given Default in an Emerging Economy: The Case of Czech Republic (with Jakub Seidler and Petr Jakubik), Journal of Financial Transformation, forthcoming (2009)
How Important Are Foreign Shocks in a Small Open Economy? The Case of Slovakia (with Marek Rusnak), Global Economy Journal (2009)
Price Setting and Market Structure: An Empirical Analysis of Micro Data in Slovakia (with Fabrizio Coricelli), Managerial and Decision Economics, forthcoming (2009)
Articles in refereed journals in the Czech Republic
Assessing Inflation Persistence: Micro Evidence on an Inflation Targeting Economy (with Jan Babecky and Fabrizio Coricelli), Czech Journal of Economics and Finance (2009)
Monetary Policy Strategies before Euro Adoption: The Art of Chasing Many Rabbits (with Juraj Antal, Jan Filacek, Jan Frait, Viktor Kotlan, and Michal Skorepa), Czech Economic Review (2009)
This policy paper deals with the main strategic issues for monetary policy in new EU...
The Determinants of Interest Rate Margins of the Czech Banks, Czech Journal of Economics and Finance (2009)
Asymmetric Monetary Policy in the Czech Republic?, Czech Journal of Economics and Finance (2008)
Do Central Bank Forecast Errors Contribute to Missing of Inflation Targets? The Case of Czech Republic (with Juraj Antal and Michal Hlavacek), Czech Journal of Economics and Finance (2008)
Book chapters
Monetary Policy before Euro Adoption: Challenges for EU New Members (with Jan Filacek and Michal Skorepa), Economic Performance of European Union: Issues, Trends and Policies (2008)
Exchange Rate Dynamics in Selected EU New Member States (with Jarko Fidrmuc), Financial Sector in Enlarging Europe (2006)
Recent presentations
Price Setting and Market Structure: An Empirical Analysis of Micro Data, Econometric Society - European Meeting (2008)
The Time-Varying Policy Neutral Rate in Real-Time: A Predictor for Future Inflation?, The Econometric Society - European Meeting (2007)
The Time-Varying Policy Neutral Rate in Real Time: A Predictor of Future Inflation?, DIW Macroeconometric workshop (2007)
Recent working papers
Assessing Inflation Persistence: Micro Evidence on an Inflation Targeting Economy (with Jan Babecky and Fabrizio Coricelli), CEPR Discussion Papers, No. 7268 (2009)
Assessing Inflation Persistence: Micro Evidence on an Inflation Targeting Economy (with Jan Babecky and Fabrizio Coricelli), CERGE-EI working paper No. 353 (2008)
Corporate Interest Rates and the Financial Accelerator in the Czech Republic (with Jarko Fidrmuc and Eva Horvathova), University of Munich Department of Economics Discussion Paper, No. 23/2008 (2008)
Price Setting Behavior: Micro Evidence on Slovakia (with Fabrizio Coricelli), CEPR Discussion Papers, No. 5445 (2006)
Reform Redux: Measurement, Determinants and Reversals (with Nauro Campos), CEPR Discussion Papers, No. 5673 (2006)
Work in Progress
Does Money Help Predict Inflation? Central European Evidence (with Lubos Komarek and Filip Rozsypal) (2009)