PhDr. Jan Hájek

Fotografie

Akademická funkce: Ph.D. Candidate
Odborné zaměření: Macroeconomics and Monetary Economics (E3-E5), International Economics (F4), Financial Economics (G1,G2)
Členství: Doktorandi, Katedra evropské ekonomické integrace a hospodářské politiky

Kontakt

Kancelář: 602
Email: hajek [DOT] ja [AT] gmail [DOT] com
Telefon:
Osobní www stránka: https://ideas.repec.org/f/pha999.html
Konzultační hodiny: upon request

Další informace

Asistent

JED414 - Kvantitativní metody I
JEM027 - Monetary Economics

PhD studium

Školitel: prof. Roman Horváth Ph.D.

Rok začátku PhD studia: 2014
Datum rigorózní zkoušky: 10/2014
Datum státní dr. zkoušky: 09/2016
Malá obhajoba: 10/04/2019
Velká obhajoba:

Vědecká práce:
My dissertation consists of four separate papers and all of them can be linked to some sources of imbalances which are important for monetary policy authorities in today's world.

Disertační téma:
Essays on Macro Imbalances, Monetary Policy and Exchange Rates

Disertační teze:
The dissertation consists of four empirical papers in the field of monetary economics. The first paper examines the extent of real exchange rate misalignment in the selected euro area countries, the next two papers shed light on macroeconomic spillovers in the remaining EU countries which are not part of the single currency area, while the last paper focuses on exchange rate pass-through in the Czech Republic.

In the first paper I use the behavioral equilibirum exchange rate approach to examine the extent of real exchange rate misalignment in the euro area over the period 1980-2014. In a panel data setting, I find signi_cant links between real exchange rates, relative productivity, trade balance and terms of trade. I also show the extent of overvaluation in peripheral countries of the euro area has been increasing since
mid-2000s. This trend stopped in the latter part of the studied period as inationary differentials in these countries became negative.

In the second and third papers I examine macroeconomic spillovers within the European Union, namely how shocks originating in the euro area affect output and prices in the remaining EU countries which are not part of the single currency area. While both studies share the same methodological framework - a global VAR – they are different in terms of specification, variable selection as well as conceptual underpinnings.

The second paper focuses on shocks to euro area conventional monetary policy and shocks to euro area economic activity and global oil prices. In general, I find that these shocks have an effect of same (and expected) sign but of different size across the European Union. Our results suggest that the response of Central European countries to the euro area shocks is almost as strong as the response of the euro area countries itself.

The third paper focuses on shocks to overall euro area monetary policy stance (therefore account for both conventional and unconventional measures). I find that these monetary shocks have qualitatively expected effects but their quantitative dimension differs across countries with Southeastern EU economies being less affected than their peers from Central Europe. I also find certain evidence that the effects of unconventional monetary policy measures are weaker as compared to the conventional
ones.

In the last paper, I examine exchange rate pass-through, or how domestic prices respond to exchange rate shocks, in the Czech Republic by employing vector autoregression models. The average pass-through at the monetary policy horizon is approximately 20% at the aggregate level. Regarding the sub-components of the used price indices, the degree of pass-through is the greatest for food prices.

Volitelné předměty (absolvované):
2018/2019 Quantitative Methods II
2018/2019 Quantitative Methods I
2017/2018 Quantitative Methods II
2017/2018 Quantitative Methods I
2016/2017 Quantitative Methods II
2016/2017 Quantitative Methods I
2015/2016 Quantitative Methods II
2015/2016 Quantitative Methods I
2014/2015 Quantitative Methods II
2014/2015 Quantitative Methods I

Životopis

Člen organizací

International Network for Economic Research, European Association of Comparative Economic Studies

Vzdělání

2014+: PhD., Economics, Charles University
2014: PhDr. (M.Phil. equivalent), Economics, Charles University
2012: ERASMUS Exchange Programme Jönköping International Business School, Jönköping, Sweden
2011-2014: Mgr. (M.A. equivalent), Economics, Charles University
2008-2011: Bc. (B.A. equivalent), Economic Theories, Charles University

Additional Training Courses:
International Monetary Fund, European Central Bank, Bank of Italy, Central Bank of the Republic of Turkey, Czech National Bank, etc.

Odborná praxe

Teaching Assistant IES FSV UK:
2017/2018 Quantitative Methods II
2017/2018 Quantitative Methods I
2017/2018 Monetary Economics
2016/2017 Quantitative Methods II
2016/2017 Quantitative Methods I
2016/2017 Monetary Economics
2015/2016 Quantitative Methods II
2015/2016 Quantitative Methods I
2015/2016 Monetary Economics
2014/2015 Quantitative Methods II
2014/2015 Monetary Economics

2014+: Assistant to Editor-in-Chief, IES Working Paper Series, IES Occassional Paper Series
2010-2011: Assistant, Crisis in the Euro Area Subcommitte, National Economic Council (NERV)

Veřejné aktivity

Refereeing: Open Economies Review, Czech Journal of Economics and Finance, Ensayos sobre política económica, Czech National Bank Working Papers, IES Working Papers

Ocenění

2014: Dean's Award for an excellent Final State Exam performance and for an extraordinarily good master thesis

Nabídka témat závěrečných prací

Bakalářské práce

Topics in Monetary Economics and Financial Stability (subject to agreement), here are some examples:

1) What is driving the real exchange rate?
2) What is driving the credit cycle?
3) Financial vs business cycles across EU

Diplomové práce

Topics in Monetary Economics and Financial Stability (subject to agreement), here are some examples:

1) What is driving the real exchange rate?
2) What is driving the credit cycle?
3) Financial vs business cycles across EU

Ke stažení

Dissertation_Hajek
PhD_docs_Hajek

Partneři

Deloitte
McKinsey & Company
Moneta Money Bank

Sponzoři

CRIF
ČSOB