Michal Franta

Research Coordinator

Research Division, Research and Statistics Department

Fields: Macroeconomic Modelling,
Monetary Policy

Education: Ph.D. (economics), CERGE-EI, 2010; RNDr. (mathematical modeling), Charles University, 2003

Phone: +420 224 412 649

E-mail: michal.franta@cnb.cz

RePEc: https://ideas.repec.org/f/pfr245.html

Recent CNB Publications

Inflation at Risk: The Czech Case, Czech National Bank WP 8/2025 (with J. Vlček).
Wage-Price Spirals: A Risk-Based Approach, Czech National Bank WP 1/2024 (with J. Vlček)

The Application of Multiple-Output Quantile Regression to the US Financial Cycle, Econometric Reviews, 2025, 44(6), 696-714. [MATLAB code]
Exiting from an Exchange Rate Floor in a Small Open Economy: Balance Sheet Implications of the Czech National Bank’s Exchange Rate Commitment, International Journal of Central Banking, 2022, 18(2), 51-105 (with T. Holub and B. Saxa). [MATLAB code]
The Likelihood of Effective Lower Bound Events, Macroeconomic Dynamics, 2021, 25(8), 2058-2079.
On the Effects of Macroprudential Policies on Growth-at-Risk, Economics Letters, 2020, vol 196(C) (with L. Gambacorta).
Tracking Monetary-Fiscal Interactions Across Time and Space, International Journal of Central Banking, 2018, 14(2), 167-227 (with J. Libich and P. Stehlík).
Rare Shock vs. Non-linearities: What Drives Extreme Events in the Economy? Some Empirical Evidence, Journal of Economic Dynamics and Control, 2017, 75, 136-157.
The Effect of Non-linearity Between Credit Conditions and Economic Activity on Density Forecasts, Journal of Forecasting, 2016, 35(2), 147-166.
Are Bayesian Fan Charts Useful? The Effect of Zero Lower Bound and Evaluation of Financial Stability Stress Tests, International Journal of Central Banking, 2014, 10(1), 159-188 (with Jozef Baruník, Roman Horváth and Kateřina Šmídková)

Exchange Rate as a Tool at the Zero Lower Bound: the Czech case, Czech National Bank RPN 3/2014 (with Tomáš Holub, Petr Král, Ivana Kubicová, Kateřina Šmídková and Bořek Vašíček)
What We Know About Monetary Transmission in the Czech Republic: Collection of Empirical Results, Czech National Bank RPN 1/2013 (with Oxana Babecká Kucharčuková, Dana Hájková, Petr Král, Ivana Kubicová, Anca Podpiera and Branislav Saxa)
Identification of Monetary Policy Shocks in Japan Using Sign Restrictions within the TVP-VAR Framework, IMES Discussion Paper Series 11-E-13, Institute for Monetary and Economic Studies, Bank of Japan, 2011.
Monetary Policy Strategies and Exchange Rate Regimes on the Southern and Eastern Shore of the Mediterranean – Developments and Prospects, in Money in Middle East and North Africa, Routledge Political Economy of the Middle East Series, 2010 (with T. Bracke and J. Stráský).
Inflation Persistence: Euro Area and New EU Member States, European Central Bank Working Paper 810, 2007 (with B. Saxa and K. Šmídková).