Martin Hodula

Martin Hodula (b. 1988 in Ostrava) received his PhD in Economics from the Faculty of Economics, VSB - Technical University of Ostrava. He has been working at the Czech National Bank since 2018, and since 2019 he has been the Head of Financial Research Coordination Unit in the Financial Stability Department and Deputy Director of the Financial Research Division. In his research, he focuses on the issues of financial stability (specifically, assessing the impact of macroprudential policy tools), banking sector regulation and non-bank financial intermediation.

• Fund Flows and Monetary Policy
• Geopolitical Risks and Financial Stability: Does the Proximity to Conflict Matter?
• Payment Holidays, Credit Risk, and Borrower-Based Limits
• Geopolitical Risks and Their Impact on Global Macro-Financial Stability: Literature and Measurements

• Easing of Borrower-Based Measures: Evidence from Czech Loan-Level Data, Czech National Bank WP 18/2023 (with L. Pfeifer and N. A. Ngo)
• Macroprudential Policy and Income Inequality: The Trade-off Between Crisis Prevention and Credit Redistribution, Czech National Bank WP 3/2023 (with S. Malovaná and J. Janků)

• Researching the Research: A Central Banking Edition (pdf, 6.1 MB). International Journal of Central Banking, 2024, 20(1), 263-323 (with S. Malovaná and Z. Gric).
• Retail Fund Flows and Performance: Insights from Supervisory Data, Emerging Markets Review, 2024, 59 (with M. Szabo and J. Bajzík)
• Does Macroprudential Policy Leak? Evidence from Shadow Bank Lending in EU Countries, Economic Modelling, 2024, 132 (with N. A. Ngo)
• Borrower-Based Macroprudential Measures and Credit Growth: How Biased is the Existing Literature? Journal of Economic Surveys, first online (with S. Malovaná, Z. Gric and J. Bajzík)
• Macro-prudential Policies to Contain the Effect of Structural Risks on Financial Downturns, Journal of Policy Modeling, 2023, 45(6), 1204-1222 (with L. Pfeifer and J. Janků)
• Bank Capital, Lending and Regulation: A Meta-Analysis, Journal of Economic Surveys, first online (with S. Malovaná, Z. Rakovská and J. Bajzík)
• Cooling Down the Mortgage Loan Market: The Effect of Borrower-Based Limits on New Mortgage Lending. International Journal of Money and Finance, 2023, 132 (with M. Melecký, M. Szabo and L. Pfeifer)
• Monetary Policy Spillover to Small Open Economies: Is the Transmission Different under Low Interest Rates? Journal of Financial Stability, 2023, 65 (with J. Cao et al)
• Macroprudential Policy in Central Banks: Integrated or Separate? Survey Among Academics and Central Bankers. Journal of Financial Stability, 2023, 65 (with S. Malovaná, Z. Gric and J. Bajzík).
• The Power of Sentiment: Irrational Beliefs of Households and Bank Lending, Journal of Financial Stability, 2022, 59 (with D. Ehrenbergerová and Z. Gric)

Awards:

• Czech National Bank Economic Research Award for the Best Working Paper in 2024
• Czech National Bank Economic Research Award for the Best Working Paper in 2023
• Czech National Bank Economic Research Award for the Best Working Paper in 2018
• Vencovsky Award 2017
• Young Economist of the Year 2017 Award - 3rd place
• Faculty of Economics, VSB – Technical University of Ostrava award in 2017 (best Ph.D. student)
• University of Economics in Bratislava Award 2016 (best research publication)

Refereeing:

See my Publons profile