Czech National Bank, Research Department

For technical questions regarding this series, please contact (Jan Babecky)
Series handle: repec:cnb:wpaper

• 2009/2 Implementing the New Structural Model of the Czech National Bank
  by Michal Andrle & Tibor Hledik & Ondra Kamenik & Jan Vlcek [Downloadable!]
• 2009/1 The Impact of Population Ageing on the Czech Economy
  by Jan Babecky & Kamil Dybczak [Downloadable!]

• 2008/12 Survey on Wage and Price Formation of Czech Firms
  by Jan Babecky & Kamil Dybczak & Kamil Galuscak [Downloadable!]
• 2008/11 The Measurement of Capital Services in the Czech Republic
  by Dana Hajkova [Downloadable!]
• 2008/10 Time Aggregation Bias in Discrete Time Models of Aggregate Duration Data
  by Michal Franta [Downloadable!]
• 2008/9 Stress Testing Credit Risk: Is the Czech Republic Different from Germany?
  by Petr Jakubik & Christian Schmieder [Downloadable!]
• 2008/8 Monetary policy rules with financial instability
  by Sofia Bauducco & Ales Bulir & Martin Cihak [Downloadable!]
• 2008/7 The origins of global imbalances
  by Jan Bruha & Jiri Podpiera [Downloadable!]
• 2008/6 The Price Effects of an Emerging Retail Market
  by Jiri Podpiera & Marie Rakova [Downloadable!]
• 2008/5 The effect of oil price shocks on the Czech economy
  by Kamil Dybczak & David Vonka & Nico van der Windt [Downloadable!]
• 2008/4 The Effects of Monetary Policy in the Czech Republic: An Empirical Study
  by Magdalena Morgese Borys & Roman Horvath [Downloadable!]
• 2008/3 Central Bank Losses and Economic Convergence
  by Martin Cincibuch & Tomas Holub & Jaromir Hurnik [Downloadable!]
• 2008/2 Policy Rate Decisions and Unbiased Parameter Estimation in Conventionally Estimated Monetary Policy Rules
  by Jiri Podpiera [Downloadable!]
• 2008/1 Determinants of House Prices in Central and Eastern Europe
  by Balazs Egert & Dubravko Mihaljek [Downloadable!]

• 2007/17 U.S. Unemployment Duration: Has Long Become Longer or Short Become Shorter?
  by Pedro Portugal [Downloadable!]
• 2007/16 Welfare-Based Optimal Monetary Policy in a Two-Sector Small Open Economy
  by Yuliya Rychalovska [Downloadable!]
• 2007/15 The Effects of Anticipated Future Change in the Monetary Policy Regime
  by Juraj Antal & Frantisek Brazdik [Downloadable!]
• 2007/14 Inflation Targeting and Communication: Should the Public Read Inflation Reports or Tea Leaves?
  by Ales Bulir & Katerina Smidkova & Viktor Kotlan & David Navratil [Downloadable!]
• 2007/13 Measuring the Financial Markets' Perception of EMU Enlargement: The Role of Ambiguity Aversion
  by Martin Cincibuch & Martina Hornikova [Downloadable!]
• 2007/12 Transmission of Exchange Rate Shocks into Domestic Inflation: The Case of the Czech Republic
  by Oxana Babetskaia-Kukharchuk [Downloadable!]
• 2007/11 Why and How to Assess Inflation Target Fulfilment
  by Jan Filacek [Downloadable!]
• 2007/10 Inflation Persistence in New EU Member States: Is It Different Than in the Euro Area Members?
  by Michal Franta & Branislav Saxa & Katerina Smidkova [Downloadable!]
• 2007/9 Unemployment and Inactivity Traps in the Czech Republic: Incentive Effects of Policies
  by Kamil Galuscak & Jan Pavel [Downloadable!]
• 2007/8 Foreign Direct Investment and Productivity Spillovers: Updated Evidence from Central and Eastern Europe
  by Adam Gersl & Ieva Rubene & Tina Zumer [Downloadable!]
• 2007/7 Financial Integration of Stock Markets among New EU Member States and the Euro Area
  by Ian Babetskii & Lubos Komarek & Zlatuse Komarkova [Downloadable!]
• 2007/6 Market Power and Efficiency in the Czech Banking Sector
  by Anca Pruteanu-Podpiera & Laurent Weill & Franziska Schobert [Downloadable!]
• 2007/5 Bad Luck or Bad Management? Emerging Banking Market Experience
  by Jiri Podpiera & Laurent Weill [Downloadable!]
• 2007/4 The Time-Varying Policy Neutral Rate in Real Time: A Predictor for Future Inflation?
  by Roman Horvath [Downloadable!]
• 2007/3 The Convergence of a Transition Economy: The Case of the Czech Republic
  by Jan Bruha & Jiri Podpiera & Stanislav Polak [Downloadable!]
• 2007/2 Does Reform Work? An Econometric Examination of the Reform-Growth Puzzle
  by Ian Babetskii & Nauro F. Campos [Downloadable!]
• 2007/1 Measuring and Explaining Inflation Persistence: Disaggregate Evidence on the Czech Republic
  by Ian Babetskii & Fabrizio Coricelli & Roman Horvath [Downloadable!]

• 2006/13 Does Inflation Targeting Make a Difference?
  by Frederic S. Mishkin & Klaus Schmidt-Hebbel [Downloadable!]
• 2006/12 Housing Wealth and Household Indebtedness: Is there a Household 'Financial Accelerator'?
  by Richard Disney & Sarah Bridges & John Gathergood [Downloadable!]
• 2006/11 Measures of Potential Output from an Estimated DSGE Model of the United States
  by Michel Juillard & Ondrej Kamenik & Michael Kumhof & Douglas Laxton [Downloadable!]
• 2006/10 Degree of Competition and Export-Production Relative Prices when the Exchange Rate Changes: Evidence from a Panel of Czech Exporting Companies
  by Jiri Podpiera & Marie Rakova [Downloadable!]
• 2006/9 Cross-Border Lending Contagion in Multinational Banks
  by Alexis Derviz & Jiri Podpiera [Downloadable!]
• 2006/8 The Maastricht Inflation Criterion: "Saints" and "Sinners"
  by Ales Bulir & Jaromir Hurnik [Downloadable!]
• 2006/7 Fiscal Implications of Personal Tax Adjustments in the Czech Republic
  by Alena Bicakova & Jiri Slacalek & Michal Slavik [Downloadable!]
• 2006/6 Issues in Adopting DSGE Models for Use in the Policy Process
  by Martin Fukac & Adrian Pagan [Downloadable!]
• 2006/5 New Keynesian Model Dynamics under Heterogeneous Expectations and Adaptive Learning
  by Martin Fukac [Downloadable!]
• 2006/4 Supply-Side Performance and Structure in the Czech Republic (1995-2005)
  by Kamil Dybczak & Vladislav Flek & Dana Hajkova & Jaromir Hurnik [Downloadable!]
• 2006/3 Fiscal Sustainability - Definition, Indicators and Assessment of Czech Public Finance Sustainability
  by Ales Krejdl [Downloadable!]
• 2006/2 Generational Accounts in the Czech Republic
  by Kamil Dybczak [Downloadable!]
• 2006/1 Aggregate Wage Flexibility in Selected New EU Member States
  by Ian Babetskii [Downloadable!]

• 2005/14 The Brave New World of Central Banking: The Policy Challenges Posed by Asset Price Booms and Busts
  by Stephen G. Cecchetti [Downloadable!]
• 2005/13 The Spline GARCH Model for Unconditional Volatility and its Global Macroeconomic Causes
  by Robert F. Engle & Jose Gonzalo Rangel [Downloadable!]
• 2005/12 An Economy in Transition and DSGE: What the Czech National Bank’s New Projection Model Needs
  by Jaromir Benes & Tibor Hledik & Michael Kumhof & David Vavra [Downloadable!]
• 2005/11 The Application of Structured Feedforward Neural Networks to the Modelling of Daily Series of Currency in Circulation
  by Marek Hlavacek & Michael Konak & Josef Cada [Downloadable!]
• 2005/10 Solving SDGE Models: A New Algorithm for the Sylvester Equation
  by Ondrej Kamenik [Downloadable!]
• 2005/09 Plant-Level Nonconvexities and the Monetary Transmission Mechanism
  by Roman Sustek [Downloadable!]
• 2005/08 Exchange Rate Variability, Pressures and Optimum Currency Area Criteria: Lessons for the Central and Eastern European Countries
  by Roman Horvath [Downloadable!]
• 2005/07 Foreign Exchange Interventions and Interest Rate Policy in the Czech Republic: Hand in Glove?
  by Balazs Egert & Lubos Komarek [Downloadable!]
• 2005/06 Deteriorating Cost Efficiency in Commercial Banks Signals an Increasing Risk of Failure
  by Anca Podpiera & Jiri Podpiera [Downloadable!]
• 2005/05 The Behavioural Equilibrium Exchange Rate of the Czech Koruna
  by Lubos Komarek & Martin Melecky [Downloadable!]
• 2005/04 The Monetary Transmission Mechanism in the Czech Republic (evidence from VAR analysis)
  by Katerina Arnostova & Jaromir Hurnik [Downloadable!]
• 2005/03 Determining Factors of Czech Foreign Trade: A Cross-Section Time Series Perspective
  by Vladimir Benacek & Jiri Podpiera & Ladislav Prokop [Downloadable!]
• 2005/02 Structural and Cyclical Unemployment: What Can We Derive from the Matching Function?
  by Kamil Galuscak & Daniel Munich [Downloadable!]
• 2005/01 Effects of Macroeconomic Shocks to the Quality of the Aggregate Loan Portfolio
  by Ivan Baboucek & Martin Jancar [Downloadable!]

• 2004/10 Exchange Rates in the New EU Accession Countries: What Have We Learned from the Forerunners
  by Ales Bulir & Katerina Smidkova [Downloadable!]
• 2004/09 Beyond Balassa - Samuelson: Real Appreciation in Tradables in Transition Countries
  by Martin Cincibuch & Jiri Podpiera [Downloadable!]
• 2004/08 Eigenvalue Decomposition of Time Series with Application to the Czech Business Cycle
  by Jaromir Benes & David Vavra [Downloadable!]
• 2004/07 Anatomy of the Czech Labour Market:From Over-Employment to Under-Employment in Ten Years?
  by Vladislav Flek & Kamil Galuscak & Jaromir Gottvald & Jaromir Hurnik & Stepan Jurajda & David Navratil & Petr Mares & Daniel Munich & Tomas Sirovatka & Jiri Vecernik [Downloadable!]
• 2004/06 Credit Risk and Bank Lending in the Czech Republic
  by Narcisa Kadlcakova & Joerg Keplinger [Downloadable!]
• 2004/05 Identification and Measurement of Relationships Concerning Inflow of FDI: The Case of the Czech Republic
  by Petr Kral [Downloadable!]
• 2004/04 Consumers, Consumer Prices and the Czech Business Cycle Identification
  by Jiri Podpiera [Downloadable!]
• 2004/03 The Role of Banks in the Czech Monetary Policy Transmission Mechanism
  by Anca Pruteanu [Downloadable!]
• 2004/02 EU Enlargement and Endogeneity of some OCA Criteria: Evidence from the CEECs
  by Ian Babetskii [Downloadable!]
• 2004/01 Predicting Bank CAMELS and S&P Ratings: The Case of the Czech Republic
  by Alexis Derviz & Jiri Podpiera [Downloadable!]

• 2003/12 Modelling the Second-Round Effects of Supply-Side Shocks on Inflation
  by Tibor Hledik [Downloadable!]
• 2003/11 ERM II Membership - the View of the Accession Countries
  by Lubos Komarek & Zdenek Cech, Roman Horvath [Downloadable!]
• 2003/10 Optimum Currency Area Indices - How Close is the Czech Republic to the Eurozone?
  by Lubos Komarek & Zdenek Cech & Roman Horvath [Downloadable!]
• 2003/09 Credit Risk, Systemic Uncertainties and Economic Capital Requirements for an Artificial Bank Loan Portfolio
  by Alexis Derviz & Narcisa Kadlcakova & Lucie Kobzova [Downloadable!]
• 2003/08 Price Convergence: What Can the Balassa-Samuelson Model Tell Us?
  by Tomas Holub & Martin Cihak [Downloadable!]
• 2003/07 Czech Fiscal Policy: Introductory Analysis
  by Vladimir Bezdek & Kamil Dybczak & Ales Krejdl [Downloadable!]
• 2003/06 FOREX Microstructure, Invisible Price Determinants, and the Central Bank's Understanding of Exchange Rate Formation
  by Alexis Derviz [Downloadable!]
• 2003/05 Some Exchange Rates Are More Stable than Others; Short-Run Evidence from Transition Countries
  by Ales Bulir [Downloadable!]
• 2003/04 Components of the Czech Koruna Risk Premium in a Multiple-Dealer FX Market
  by Alexis Derviz [Downloadable!]
• 2003/03 Determining Factors of the Czech Foreign Trade Balance; Structural Issues in Trade Creation
  by Vladimir Benacek & Ladislav Prokop & Jan A. Visek [Downloadable!]
• 2003/02 Price Convergence to the EU; What Do the 1999 ICP Data Tell Us?
  by Martin Cihak & Tomas Holub [Downloadable!]
• 2003/01 Microfoundations of the Wage Inflation in the Czech Republic
  by Kamil Galuscak & Daniel Munich [Downloadable!]

• 2002/04 Sectoral Productivity and Real Exchange Rate Appreciation: Much Ado about Nothing?
  by Vladislav Flek & Lenka Markova & Jiri Podpiera [Downloadable!]
• 2002/03 Estimates of Fundamental Real Exchange Rates for the Five EU Pre-Accession Countries
  by Katerina Smidkova & Ray Barrell & Dawn Holland [Downloadable!]
• 2002/02 Estimating market probabilities of future interest rate changes
  by Martin Hlusek [Downloadable!]
• 2002/01 Monetary policy and the term spread in a macro model of a small open economy
  by Viktor Kotlan [Downloadable!]

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This page was last updated on 2009-11-24.