The objective of the CNB’s economic research work is to provide outputs which help to expand the knowledge base needed for the core activities of the CNB and which are of a high standard on the international scale. The CNB's economic research is focused on four areas: monetary policy, macroeconomic modelling, financial stability, the real sector and fiscal policy. Each area is headed by an Economic Research Coordinator. The key documents of the Economic Research Department are its Economic Research Programmes, prepared in partnership with the CNB’s specialised sections and the Research Advisory Committee. The Programmes reflect medium-term priorities. Under them, research projects are implemented, and seminars with leading world economists are held jointly with the Czech Economic Society and CERGE-EI. Research papers are published in the CNB Working Papers, CNB Research and Policy Notes and CNB Research Bulletin series. The knowledge acquired through the coordination and implementation of economic research is used in drawing up opinions on the situation reports prepared for the Bank Board and in preparing internal reports and public minutes of monetary policy meetings, which are among the CNB’s main communication tools in the monetary policy area.

News

• Participation of CNB economists at the American Economic Association congress 2012 in Chicago (conference programme - link to AEA website)
  Accepted papers:
  • Michal Franta, Lan Libich, Petr Stehlik: Tracking Monetary-Fiscal Interactions Across Time and Space
• Participation of CNB economists at the First Conference of the Macro-prudential Research (MaRs) network in Frankfurt am Main Accepted papers:
  • Alexis Derviz, Marie Raková: Funding Costs and Loan Pricing by Multinational Bank Affiliates
     Paper, Presentation
  • Jan Babecký,Tomáš Havránek, Jakub Matějů, Marek Rusnák, Kateřina Šmídková, Bořek Vašíček: Early Warning Indicators of Economic Crises: Evidence from a Panel of 40 Developed Countries
     Paper, Presentation
• Participation of CNB economists at the European Economic Association congress 2011 in Oslo
  Accepted papers
  
  • Marek Rusnák, Tomáš Havránek a Roman Horváth: How to Solve the Price Puzzle? A Meta-Analysis
• During the CNB Research Open Day conference on 24th May 2011, the ERD prize was awarded for best research paper in 2011:
  Jan Babecký, Philip Du Caju, Theodora Kosma, Martina Lawless, Julián Messina and Tairi Rõõm for The Margins of Labour Cost Adjustment: Survey Evidence from European Firms (CNB WP 7/2010), published in Scandinavian Journal of Economics
• Participation of CNB economists at the Society of Labor Economists annual meeting 2011 in Vancouver
  Accepted papers:
  • Daphne Nicolitsas, Kamil Galuščák, Mary Keeney, Frank Smets, Pawel Strzelecki, and Matija Vodopivec: “The Determination of Wages of Newly Hired Employees: Survey Evidence on Internal versus External Factors”
• CNB announces Call for Research Projects 2012
• archive