Zuzana Gric

Zuzana Gric is a Senior Research Analyst and Research Coordinator in the Research Division of the Research and Statistics Department at the Czech National Bank (CNB), which she joined in 2019. She holds a Ph.D. in Finance from Masaryk University in Brno and a Master’s degree in Finance, Financial Markets, and Banking from the Institute of Economic Studies at Charles University in Prague. Prior to her role at the CNB, she worked for nearly four years as a business analyst at an international non-financial corporation. Her research focuses on financial markets, behavioral finance, and selected topics in financial stability and macroprudential policy. She also serves as an Assistant Professor in the Department of Finance at the Faculty of Economics and Administration at Masaryk University in Brno.

• Bank Lending Channel of Monetary Policy: Insights from AnaCredit
• Distributional Effects of Borrower-Based Macroprudential Measures
• Sentiment and the Shadow Banking Sector: How Economic Beliefs Shape Cross-Border Financial Flows
• Heterogeneous Impact of Income Tax Cut: Evidence from the Czech Republic's Abolition of the Super-Gross Wage
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• Gric Z., Janků J., and S. Malovaná (2023): What Drives Sectoral Differences in Currency Derivative Usage in a Small Open Economy? Evidence from Supervisory Data. CNB Working Paper 11/2023, Czech National Bank.
• Malovaná S., Ehrenbergerová D., and Z. Gric (2023): What Do Economists Think About the Green Transition? Exploring the Impact of Environmental Awareness. CNB Working Paper 6/2023, Czech National Bank.

• Malovaná S., Hodula M., Gric Z., and J. Bajzík (2025): Borrower-based macro-prudential measures and credit growth: How biased is the existing literature?. Journal of Economic Surveys, 39(1), 66–102.
• Malovaná S., Hodula M., Bajzík J., and Z. Gric (2024): Bank Capital, Lending and Regulation: A Meta-analysis. Journal of Economic Surveys, 38(3), 823–851.
• Malovaná S., Hodula M., and Z. Gric (2024): Researching the Research: A Central Banking Edition. International Journal of Central Banking, 20(1), 263–323.
• Gric Z., Bajzík J., and O. Badura (2023): Does sentiment affect stock returns? A meta-analysis across survey-based measures. International Review of Financial Analysis, 89, 102773.
• Malovaná S., Hodula M., Gric Z., and J. Bajzík (2023): Macroprudential policy in central banks: Integrated or separate? Survey among academics and central bankers. Journal of Financial Stability, 65, 101107.
• Cao, J., Dinger, V., Gómez, T., Gric, Z., Hodula, M., Jara, A., Juelsrud, R., Liaudinskas, K., Malovaná, S. and Terajima, Y. (2023). Monetary policy spillover to small open economies: Is the transmission different under low interest rates?. Journal of Financial Stability, 65, 101116.
• Gric, Z., Ehrenbergerova, D., & Hodula, M. (2022). The power of sentiment: Irrational beliefs of households and consumer loan dynamics. Journal of Financial Stability, 59, 100973.