Česká národní banka

CNB Research Open Day 2018

Monday, 21 May 2018

Czech National Bank’s Commodity Exchange (Plodinová burza) building, Senovážné nám. 30, Prague 1


8:30 Registration & Morning Coffee
9:00 Welcome Address: Jiří Rusnok, Governor, CNB
9:05 CNB Research in 2018 by Jan Brůha, Director of Economic Research Division, Monetary Department, CNB
Presentation (pdf, 902 kB)
9:15 Keynote Speech: Perspectives of European Monetary Policy by Ewald Nowotny, Governor, National Bank of Austria
Presentation (pdf, 484 kB)
9:45 Q&A
10:00 Coffee Break
Session 1. Chair: Jan Babecký, CNB
10:30 Credit Constraints and Creditless Recoveries: An Unsteady State Approach by Alexis Derviz, CNB
Presentation (pdf, 866 kB)
10:50 Discussion: Massimiliano Pisani, Bank of Italy
Presentation (pdf, 389 kB)
11:05 Q&A
11:15 System Priors for Econometric Time Series by Michal Andrle, IMF and Miroslav Plašil, CNB
Presentation (pdf, 808 kB)
11:35 Discussion: Konstantinos Theodoridis, Cardiff University
Presentation (pdf, 204 kB)
11:50 Q&A
12:00 Lunch
Session 2. Chair: Michal Hlaváček, CNB
13:15 Longer-term Yield Decomposition: An Analysis of the Czech Government Yield Curve by Adam Kučera, Michal Dvořák, Luboš Komárek, Zlatuše Komárková, CNB
Presentation (pdf, 1 MB)
13:35 Discussion: Anna Kosior, National Bank of Poland
Presentation (pdf, 919 kB)
13:50 Q&A
14:00 What Drives Distributional Dynamics of Client Interest Rates on Consumer Loans in the Czech Republic? A Bank-level Analysis by Václav Brož and Michal Hlaváček, CNB
Presentation (pdf, 2.2 MB)
14:20 Discussion: Balázs Égert, OECD
14:35 Q&A
14:45 Coffee Break
Session 3. Chair: Volha Audzei, CNB
15:00 CNB Board Award for the Best Paper in 2017
15:10 An Exchange Rate Floor as an Instrument of Monetary Policy: An Ex-post Assessment of the Czech Experience by Jan Brůha, Jaromír Tonner, CNB
Presentation (pdf, 157 kB)
15:25 Q&A
15:35 Banks’ Capital Surplus and the Impact of Additional Capital Requirements by Simona Malovaná, CNB
Presentation (pdf, 184 kB)
15:50 Q&A
16:00 End of the Programme

The programme of CNB Research Open Day 2018 can be downloaded also in pdf format (pdf, 242 kB).

Registration closed.