Research

Published Papers

• Asset Pricing with Costly and Delayed Firm Entry, with Lorant Kaszab and Katrin Rabitsch,  Macroeconomic Dynamics (2023) (wp version) 

• Asset Pricing with Free Entry and Exit of Firms, with Lorant Kaszab and Katrin Rabitsch, Economics Letters (2022)

• Interest Rate Rules and Inflation Risks in a Macro-Finance Model , with Roman Horvath and Lorant Kaszab,  Scottish Journal of Political Economy (2021)

• Fiscal Policy and the Nominal Term Premium ,  with Roman Horvath and Lorant Kazsab,  Journal of Money Credit and Banking (2021), replications files, paper

• Equity Premium and Monetary Policy in a Model with Limited Asset Market Participation,  with Roman Horvath and Lorant Kazsab,  Economic Modelling (2021)

• The Determinants of Fiscal Multipliers Revisited , with Katrin Rabitsch, Lorant Kaszab and Roman Horvath,  Journal of Macroeconomics (2020) 

• Survey of Research on Financial Sector Modeling within DSGE Models: What Central Banks Can Learn from It,  with F. Brazdik and M. Hlavacek, Czech Journal of Economics and Finance, 2012

Working Papers

• From Linear to Nonlinear: Rethinking Inflation Dynamics in the Calvo Pricing Mechanism, with Katrin Rabitsch and Lorant Kaszab, September 2023. Previous (and very different) versions of this work have been circulated under the titles 'Undesired Consequences of Calvo Pricing in a Nonlinear World' and 'Trend inflation meets macro-finance: the puzzling behavior of price dispersion', NBS Working paper 6/2019, or WU Economics Working Paper #304, 2020.

• Undesired Consequences of Calvo Pricing in a Nonlinear World, with Katrin Rabitsch and Lorant Kaszab,  Earlier version circulated as 'Trend inflation meets macro-finance: the puzzling behavior of price dispersion', NBS Working paper 6/2019., online appendix, replication files

Various versions of the paper were at: ICMAIF 2022 in Rethymno; ECOS 2021 in Brno; CEF 2019 in Ottawa; EconMod 2019, Portugal; National Bank of Slovakia research seminar, 2019; Czech Economic Society and Slovak Economic Association Meeting, 2019, Brno; 4th CESEEnet research workshop, Vienna, 2019; DSGE Workshop at National Bank of Ukraine, 2018; WU seminar presentation, 2019 

• Government Spending and Term Structure of Interest Rates , with Lorant Kaszab and Roman Horvath

Various versions of the paper were presented at: SED 2018, CEF 2018, EconMod 2018, 9th RCEA Macro-Money-Finance Workshop  Waterloo, MMF 2016 Bath UK, World Finance Conference NYC, National Bank of Lithuania July 2016 (invited), International Conference on Macroeconomic Analysis and International Finance, Crete, 2016, Young Economist's Meeting, Brno 2016, VI Workshop on Institutions, Individual Behavior and Economic Outcomes in Alghero 2015, Slovak Economic Association Meeting in Kosice 2015, Research Seminar at NBS, 11th International conference “Challenges of Europe”, Croatia 2015

• Yield Curve Dynamics and Fiscal Policy Shocks, with Adam Kucera and Evzen Kocenda

• Explaining Bond and Equity Premium Puzzles Jointly in a DSGE Model, with Lorant Kaszab
  [MNB WP 1/2015 ]

• The Term Structure of Interest Rates in a Small Open Economy
  This is very much work in progress. The very first version is basically my MA thesis, [IES WP 2011], one attempt of brief digression comes with Roman Horvath [FinMap 2014]