Publications
2026
The Multidimensionality of Financial Development and Income Inequality: A Panel Bayesian Model Averaging Evidence, Economic Systems, with J. Mares
2025
Do Hurricanes Cause Storm on the Stock Market? The Case of US Energy Companies, International Review of Financial Analysis, with M. Moravcova, A. Kalistova, M. Miskufova and S. Lyocsa
Basel III and SMEs' Access to Finance in Emerging and Developing Market Economies, Quarterly Review of Economics and Finance, with B. Fisera and M. Melecky
The Determinants of Financial Development: Bayesian Model Averaging Evidence, Economic Systems, with E. Horvatova and M. Siranova
Artificial Intelligence and Central Bank Communication: The Case of the ECB, Applied Economics Letters, with N. Fanta
2023
Publication and Identification Biases in Measuring the Intertemporal Substitution of Labor Supply, Review of Economic Dynamics, with A. Elminejad, T. Havranek and Z. Havrankova
Natural Disasters and Debt Financing Costs, Climate Change Economics, with B. Fisera and M. Melecky
2022
Fiscal Policy and Nominal Term Premium, Journal of Money, Credit and Banking, with L. Kaszab and A. Marsal
Are Exchange Rates Less Important for Trade in a More Globalized World? Evidence for the New EU Members, Economic Systems, with B. Fisera
Natural Resources and Income Inequality in Developed Countries: Synthetic Control Method Evidence, Empirical Economics, with C. Hartwell, E. Horvathova and O. Popova
Interest Rate Rules and Inflation Risks in a Macro-Finance Model, Scottish Journal of Political Economy, with A. Marsal and L. Kaszab
2021
Natural Catastrophes and Financial Depth: An Empirical Analysis, Journal of Financial Stability
Openness Effects on the Rule of Law: Size and Patterns of Trade, International Review of Law and Economics, with R. Frensch and S. Huber
Equity Premium and Monetary Policy in a Model with Limited Asset Market Participation, Economic Modelling, with A. Marsal and L. Kaszab
2020
Peer Effects in Central Banking, IMF Economic Review
Finance and Wealth Inequality, Journal of International Money and Finance, with I. Hasan and J. Mares
Remittances and Economic Growth: A Meta-Analysis, World Development, with A. Cazachevici and T. Havranek
Does Central Bank Communication Signal Future Monetary Policy? The Case of the ECB, Journal of International Money and Finance, with H. Bennani, P. Gertler and N. Fanta
Central Bank Communication and Financial Comovements in the Euro Area, Open Economies Review, with P. Gertler and J. Jonasova
The Determinants of Fiscal Multipliers Revisited, Journal of Macroeconomics, with L. Kaszab, A. Marsal and K. Rabitsch
2019
Democratic Institutions, Natural Resources, and Income Inequality, Comparative Economic Studies, with A. Hartwell, E. Horvathova and O. Popova
2018
Central Bank Communication and Financial Markets: New High-Frequency Evidence, Journal of Financial Stability, with P. Gertler
What Type of Finance Matters for Growth? Bayesian Model Averaging Evidence, World Bank Economic Review, with I. Hasan and J. Mares
Interest Rate Pass-through in the Euro Area: Financial Fragmentation, Balance Sheet Policies and Negative Rates, Journal of Financial Stability, with J. Kotlebova and M. Siranova
Stock Market Contagion: A New Measure, Open Economies Review, with S. Lyocsa
International Spillovers of (Un)conventional Monetary Policy: The Effect of the ECB and the US Fed on Non-Euro EU countries. Economic Systems, with J. Hajek
Stock Market Contagion in Central and Eastern Europe: Unexpected Volatility and Extreme Co-Exceedance, European Journal of Finance, with E. Baumohl and S. Lyocsa
Financial Market Fragmentation and Monetary Transmission in the Euro Area: What Do We Know?, Journal of Economic Policy Reform
2017
Financial Stress in the Czech Republic: Measurement and Effects on the Real Economy, Prague Economic Papers, with J. Malega
International Spillovers of ECB's Unconventional Monetary Policy: The Effect on Central Europe, Applied Economics, with K. Voslarova
2016
Natural Resources and Economic Growth: A Meta-Analysis, World Development, with T. Havranek and A. Zeynalov
Central Bank Transparency and Financial Stability, Journal of Financial Stability, with D. Vasko
Voting in Central Banks: Theory vs. Stylized Facts, The B.E. Journal of Economic Analysis & Policy, with K. Smidkova and J. Zapal
How Bank Competition Influences Liquidity Creation, Economic Modelling, with J. Seidler and L. Weill
Exchange Rate Pass-Through in an Emerging Market: The Case of the Czech Republic, Emerging Markets Finance and Trade, with J. Hajek
The Spillover Effect of Euro Area on Central and Southeastern European Economies: A Global VAR Approach, Open Economies Review, with J. Hajek
Natural Resources, Manufacturing and Institutions in Post-Soviet Countries, Resources Policy, with A. Zeynalov
Transparency and Trust: The Case of the European Central Bank, Applied Economics, with D. Katuscakova
GARCH Models, Tail Indexes and Error Distributions: An Empirical Investigation, North American Journal of Economics and Finance, with B. Sopov
2015
Cross-Country Heterogeneity in Intertemporal Substitution, Journal of International Economics, with T. Havranek, Z. Irsova and M. Rusnak
Financial Development and Economic Growth: A Meta-Analysis, Journal of Economic Surveys, with P. Valickova and T. Havranek
Central Banks’ Voting Record, Financial Crisis and Future Monetary Policy, European Journal of Political Economy, with J. Jonasova
2014
Are Bayesian Fan Charts Useful? An Evaluation of Macroeconomic Forecasts and Financial Stability Stress Tests, International Journal of Central Banking, with M. Franta, J. Barunik and K. Smidkova
Bank Capital and Liquidity Creation: Granger Causality Evidence, Journal of Financial Services Research, with J. Seidler and L. Weill
Exchange Market Pressures during the Financial Crisis: A Bayesian Model Averaging Evidence, Journal of International Money and Finance, with M. Feldkircher and M. Rusnak
How Does Monetary Policy Change? Evidence on Inflation Targeting Countries, Macroeconomic Dynamics, with J. Baxa and B. Vasicek
The Dissent Voting Behaviour of Central Bankers: What Do We Really Know?, Applied Economics, with M. Rusnak, K. Smidkova and J. Zapal
The Interest Rate Spreads in the Czech Republic: Different Loans, Different Determinants?, Economic Systems, with C. Hainz and M. Hlavacek
Evaluating Changes in the Monetary Transmission Mechanism in the Czech Republic, Empirical Economics, with M. Rusnak and M. Franta
2013
How to Solve the Price Puzzle? A Meta-Analysis, Journal of Money, Credit and Banking, 2013, 45(1), 37-70, with T. Havranek and M. Rusnak
Time-Varying Monetary-Policy Rules and Financial Stress: Does Financial Instability Matter for Monetary Policy?, Journal of Financial Stability, 2013, 9(1), 117-138, wtih J. Baxa and B. Vasicek
Does Trust Promote Growth?, Journal of Comparative Economics, 2013, 777-788
Stock Market Comovements in Central Europe: Evidence from the Asymmetric DCC Model, Economic Modelling, with D. Gjika
International Stock Market Integration: Central and South Eastern Europe Compared, Economic Systems, D. Petrovski
2012
Central Banks’ Voting Record and Future Policy, International Journal of Central Banking, with K. Smidkova and J. Zapal
On the Reversibility of Structural Reforms, Economics Letters, with N. Campos
Reform Redux: Measurement, Determinants and Growth Implications, European Journal of Political Economy, with N. Campos
Monetary Transmission and the Financial Sector in the Czech Republic, Economic Change and Restructuring, with T. Havranek and J. Mateju
Do the Board of Directors' Characteristics Influence Firm's Performance? The US Evidence, Prague Economic Papers, with P. Spirollari
International Stock Market Comovements: What Happened during the Financial Crisis?, Global Economy Journal, with P. Poldauf
Heterogeneity in Bank Pricing Policies: The Czech Evidence, Economic Systems, with. A. Podpiera
2011
How Are Inflation Targets Set?, International Finance, with J. Mateju
Does Money Help Predict Iflation? An Empirical Assessment for Central Europe, Economic Systems, with L. Komarek and F. Rozsypal
Research and Development and Growth: a Bayesian Model Averaging Analysis, Economic Modelling
The Frequency and Size of Price Changes: Evidence from Non-Parametric Estimations, Macroeconomics and Finance in Emerging Market Economies
2010
Central Bank Communication and Exchange Rate Volatility: a GARCH Analysis, Macroeconomics and Finance in Emerging Market Economies, with R. Fiser
Corporate Interest Rates and the Financial Accelerator in the Czech Republic, Emerging Markets Finance and Trade, with J. Fidrmuc and E. Horvathova
Price Setting and Market Structure: an Empirical Analysis of Micro Data in Slovakia, Managerial and Decision Economics, with F. Coricelli
The publications prior to 2010 available at my faculty website.