IES Working Papers present work in progress of our faculty and students. Current editors are Jozef Baruník (editor Finance), Lukas Vacha (co-editor Finance), Karel Janda (editor Economics), and Jaromir Baxa (co-editor Economics).

Send your submissions to IES Working Papers either to Jozef Barunik (papers in the area Finance) <jozef.barunik@fsv.cuni.cz> or to Karel Janda (papers in the area Economics) <karel-janda@seznam.cz>. If the submitted paper is authored or co-authored by a PhD student at IES, detailed submission instructions in the IES Handbook for Doctoral Students need to be followed.

The papers are available in RePEc. Please kindly use the RePec functionalities to look for papers by selected authors, title or keywords. This IES page serves mainly as a landing page for the papers in .pdf, is updated manually, and does not have any search function.

2025

13 - Balance of Payments Pressures on the Nominal Exchange Rate: A Fresh Look at Old Ideas

12 - Gradient-Based Reinforcement Learning for Dynamic Quantile

11 - Price and Income Elasticities of Industrial Energy Demand in New EU Member States

10 - The Effects of Crisis Management Measures on the Economy: Evidence from Past Crises

9 - Unicorn Exits and Subsequent Venture Capital Investments

8 - The Elasticity of Substitution between Native and Immigrant Labor: A Meta-Analysis

7 - Temperature and Productivity in Soccer

6 - Bridging the Gap: A Novel M2/LIHC Hybrid Indicator Unveils Energy Poverty Dynamics - Case Study of the Czech Republic

5 - From Skies to Markets Implications of Extreme Weather Events for Macroeconomic and Financial Imbalances in CESEE Countries

4 - Does FX Hedge Mitigate the Impact of Exchange Rate Changes on Credit Risk? Evidence from a Small Open Economy

3 - Inflation Differentials in the African Economic Community

2 - Does Bank Regulation and Supervision Impact Income Inequality? Cross-Country Evidence

1 - How Do Event Studies Capture Impact of Macroeconomic News in Forex Market? A meta-Analysis

2024

42 - Acceptability of Meat Tax and Subsidy Removal by Meat-Eaters: Insights from Five European Countries

41 - A comment on “A Systematic Review and Meta-analysis of the Evidence on Learning During the COVID-19 Pandemic”

40 - Analyzing Decision-Making in Deep-Q Reinforcement Learning for Trading: A Case Study on Tesla Company and its Supply Chain

39 - Global Minimum Tax and Profit Shifting

38 - US Equity Announcement Risk Premia

37 - Stock Market Reaction to Increased Transparency: An Analysis of Country-By-Country Reporting in Developing Countries

36 - Origins of Post-COVID-19 Inflation in Central European Countries

35 - Poverty in the Czech Republic: Unemployment, Pensions, and Regional Differences

34 - Economic Policy Uncertainty in Europe: Spillovers and Common Shocks

33 - Wartime Interest Rate Pass-Through in Ukraine: The Role of Prudential Indicators

32 - Impact of Ethanol Blending Policies on U.S. Gasoline Prices

31 - Where Do Multinationals Locate Profits: Evidence from Country-by-Country Reporting

30 - Exploring Institutional Determinants of Private Equity and Venture Capital Activity in Europe

29 - The Effect of Financial Transparency on Aid Diversion

28 - Does Childbirth Change the Gender Gap in Well-Being between Partners?

27 - Exploring Foreign Direct Investments and Engagements of Socialist Multinational Enterprises: A Case Study of Skoda Works in the 1970s and 1980s

26 - Autoencoder Asset Pricing Models and Economic Restrictions - International Evidence

25 - Do Tax Havens Affect Financial Management? The Case of U.S. Multinational Companies

24 - The Optimal Investment Size in the Electricity Sector in EU Countries

23 - Money Talks, Green Walks: Does Financial Inclusion Promote Green Sustainability in Africa?

22 - Wealth, Cost, and Misperception: Empirical Estimation of Three Interaction Channels in a Financial-Macroeconomic Agent-Based Model

21 - Quantile Preferences in Portfolio Choice: A Q-DRL Approach to Dynamic Diversification

20 - Monetary Policy, Macro-Financial Vulnerabilities, and Macroeconomic Outcomes

19 - Distribution Strategy Planning: A Comprehensive Probabilistic Approach for Unpredictable Environment

18 - Input-Output Modeling Amidst Crisis: Tracing Natural Gas Pathways in the Czech Republic During the War-Induced Energy Turmoil

17 - Interest Rate Pass-Through Asymmetry: A Meta-Analytical Approach

16 - Cost-Effectiveness of Women’s Vaccination Against HPV: Results for the Czech Republic

15 - Where Have All the Alphas Gone? A Meta-Analysis of Hedge Fund Performance

14 - Beauty and Professional Success: A Meta-Analysis

13 - The Accessibility of Primary Care and Paediatric Hospitalisations for Ambulatory Care Sensitive Conditions in Czechia

12 - Board Compensation and Investment Efficiency

11 - Board Bias, Information, and Investment Efficiency

10 - Does Shareholder Activism Have a Long-Lasting Impact on Company Value? A Meta-Analysis

9 - Climate Change, Large Risks, Small Risks, and the Value per Statistical Life

8 - Military Expenditure and Economic Growth: A Meta-Analysis

7 - Macroprudential Policies and Dollarisation: Implications for the Financial System and a Cross-Exchange Rate Regime Analysis

6 - Female Leadership and Financial Performance: A Meta-Analysis

5 - Migration, Remittances, and Wage-Inflation Spillovers: The Case of Albania

4 - Profiling Cannabis Consumption Motivation and Situations as Casual Leisure

3 - How Different are the Alternative Economic Policy Uncertainty Indices? The Case of European Countries.

2 - The Effect of Face Masks on Covid Transmission: A Meta-Analysis

1 - Uncertain Trends in Economic Policy Uncertainty

2023

37 - Heterogeneous Effects of Government Energy Assistance Programs: Covid-19 Lockdowns in the Republic of Georgia

36 - Historical Calibration of SVJD Models with Deep Learning

35 - Unraveling Timing Uncertainty of Event-driven Connectedness among Oil-Based Energy Commodities

34 - Reducing the Biases of the Conventional Meta-Analysis of Correlations

33 - Profit Shifting of Multinational Corporations Worldwide

32 - Less-Cash or More-Cash? Determinants and Trends of Currency in Circulation in a Panel of 17 Economies

31 - High-Frequency Groceries Prices: Evidence from Czechia

30 - Fueling Financial Stability: The Financial Impact of U.S. Renewable Fuel Standard

29 - Artificial Intelligence and Central Bank Communication: The Case of the ECB

28 - Effectiveness of Car Scrappage Schemes: Comparative Analysis of European Countries

27 - The Impact of Dollarisation on Economic Growth, Investment, and Trade

26 - Exploring the Link Between Diet and Sustainability in Europe: A Focus on Meat and Fish Consumption

25 - Meta-Analysis of Social Science Research: A Practitioner’s Guide

24 - Good vs. Bad Volatility in Major Cryptocurrencies: The Dichotomy and Drivers of Connectedness

23 - The Heterogeneous Effects of Social Cues on Day Time and Night Time Electricity Usage, and Appliance Purchase: Evidence from a Field Experiment in Armenia

22 - Graph Theory Approach to Prices Transmission in the Network of Commonly Used Liquid Fuels

21 - Impact of Raw Material Price Volatility on Returns in Electric Vehicles Supply Chain

20 - Effects of Government Interventions on Bank Performance

19 - Publication Bias and Model Uncertainty in Measuring the Effect of Class Size on Achievement

18 - Determinants of Financial Inclusion in Africa and OECD Countries

17 - Meta-Analyses of Partial Correlations Are Biased: Detection and Solutions

16 - Method Versus Cross-Country Heterogeneity in the Exchange Rate Pass-Through

15 - Does Monetary Policy Reinforce the Effects of Macroprudential Policy

14 - Drivers of Private Equity Activity across Europe: An East-West Comparison

13 - Fiscal Consequences of Corporate Tax Avoidance

12 - Public Procurement and Tax Havens

11 - Ossified Democracy as an Economic Problem and Policies for Reclaiming its Performance

10 - Beauty and Productivity in Academic Publishing

9 - Powering Up Cleaner Choices: A Study on the Heterogenous Effects of Social Norm-Based Electricity Pricing on Dirty Fuel Purchases

8 - Distributional Effects of Exchange Rate Depreciations: Beggar-Thy-Neighbour or Beggar-Thyself?

7 - The Impact of Regulatory Change on Hedge Fund Performance

6 - Does Heat Cause Homicides? A Meta-Analysis

5 - Spurious Precision in Meta-Analysis

4 - Effects of Corporate Transparency on Tax Avoidance: Evidence from Country-by-Country Reporting

3 - Concurrent Business and Distribution Strategy Planning Using Bayesian Networks

2 - Ex-Prisoners and the Labour Market in the Czech Republic

1 - Are Estimates of the Impact of Shareholder Activism Published Selectively?
 

2022

33 - Determinants of the Duration of Economic Recoveries: The Role of ’Too Much Finance’

32 - Assessment of the Impact of Agricultural Support on Crop Diversity

31 - Impact of Biofuels on U.S. Retail Gasoline Prices: A Systematic Literature Review

30 - Revenue losses from corporate tax avoidance: estimations from the UNU-WIDER Government Revenue Dataset

29 - New Estimate of the Elasticity of Marginal Utility of Consumption for Europe: Implications for the Social Discount Rate

28 - Financial Impact of Trust and Institutional Quality around the World

27 - Financial Incentives and Performance: A Meta-Analysis of Economics Evidence

26 - Skill-bias and Wage Inequality in the EU New Member States: Empirical Investigation

25 - Non-Linearity between Price Inflation and Labor Costs: The Case of Central European Countries

24 - Using Macro-Financial Models to Simulate Macroeconomic Developments During the Covid-19 Pandemic: The Case of Albania

23 - Income Elasticity for Animal-Based Protein and Food Supply

22 - Trade Networks in Main Czech Export Categories

21 - Macroeconomic Implications of Oil-Price Shocks to Emerging Economies: A Markov Regime-Switching Approach

20 - Green Bond Premiums in the Chinese Secondary Market

19 - On Empirical Challenges in Forecasting Market Betas in Crypto Markets

18 - Exchange Rates and the Speed of Economic Recovery: The Role of Financial Development

17 - Do EU-Wide Stress Tests Affect Insurers’ Dividend Policies?

16 - How Firms Survive in European Emerging Markets: A Survey

15 - Hedge Fund Performance: A Quantitative Survey

14 - People Are Less Risk-Averse than Economists Think

13 - The Excess Profits during COVID-19 and Their Tax Revenue Potential

12 - How Is the Career Choice of a Medical Speciality Dependent on Gender Inequality in the Region

11 - Fiscal Consolidation under Market’s Scrutiny: How Do Fiscal Announcements Affect Bond Yields

10 - Acquisition of Costly Information in Data-Driven Decision Making

9 - Crime and weather. Evidence from the Czech Republic.

8 - Increasing Block Tariff Electricity Pricing and the Propensity to Purchase Dirty Fuels: Empirical Evidence from a Natural Experiment

7 - Meta-analysis: Fiscal Multiplier

6 - Wealth Survey Calibration: Imposing Consistency with Income Tax Data

5 - Price Transmission and Policies in Biofuels-Related Global Networks

4 - Yield Curve Dynamics and Fiscal Policy Shocks

3 - Robust Portfolio Optimization: A Stochastic Evaluation of Worst-Case Scenarios

2 - Impact of Regulatory Changes on Economic Feasibility of Distributed Generation Solar Units

1 - Parental Involvement and Education Outcomes of Their Children

 

2021

37 - The Elasticity of Electricity Demand and Carbon Emissions Reductions in the Residential Sector: Evidence from a Tariff Shift in Russia

36 - Income tax noncompliance in Germany, 2001-2014

35 - Estimating Tax Progressivity in Developing Countries: The Plato Index

34 - "Wild" Tariff Schemes: Evidence from the Republic of Georgia

33 - Social Costs of Obesity in the Czech Republic

32 - Electricity Outages and Health Outcomes of Children: Empirical Evidence from Transition Economy

31 - Diversification Among Cryptoassets: Bitcoin Maximalism, Active Portfolio Management, and Survival Bias

30 - Media Treatment of Monetary Policy Surprises and Their Impact on Firms’ and Consumers’ Expectations

29 - Does the Spillover Index Respond Significantly to Systemic Shocks? A Bootstrap-Based Probabilistic Analysis

28 - Student Employment and Education: A Meta-Analysis

27 - Increasing Block Rate Electricity Pricing and Propensity to Purchase Electric Appliances: Evidence from a Natural Experiment

26 - Illicit Financial Flows and Trade Mispricing: Decomposing the Trade Reporting Gap

25 - Impact of EU-wide Insurance Stress Tests on Equity Prices and Systemic Risk

24 - Statistical Measurement of Illicit Financial Flows in Sustainable Development Goals: Tax Avoidance by Multinational Corporations

23 - Labor Migration in the European Union: The case of Central and Eastern Europe

21 - Interest Rate Risk of Savings Accounts

20 - Regional Convergence in the European Union: What are the Factors of Growth?

19 - Forecasting Sovereign Bond Realized Volatility Using Time-Varying Coefficients Model

18 - Inequality in Pre-Industrial Urban Bohemia: The City of Budweis

17 - When Does Monetary Policy Sway House Prices? A Meta-Analysis

16 - Improving the Corruption Perceptions Index: Additional Data Sources and Their Effects

15 - Income Inequality as Long-term Conditioning Factor of Monetary Transmission to Bank Interest Rates in EA Countries

14 - Profit Shifting of Multinational Corporations Worldwide

13 - An Evaluation of the Effects of the European Commission’s Proposals for the Common Consolidated Corporate Tax Base

12 - Who Benefits from Global Value Chain Participation? Does Functional Specialization Matter?

11 - Frequency-Dependent Higher Moment Risks

10 - Scenario Generation for IFRS9 Purposes using a Bayesian MS-VAR Model

9 - Bank Survival Around the World: A Meta-Analytic Review

8 - A Practical Proposal to End Corporate Tax Abuse: METR, a Minimum Effective Tax Rate for Multinationals

7 - Price Level Targeting with Imperfect Rationality: A Heuristic Approach

6 - Currency Depreciations in Emerging Economies: A Blessing or a Curse for External Debt Management?

5 - Suspension of Insurers’ Dividends as a Response to the Covid-19 Crisis: Evidence from Equity Market

4 - Common Agricultural Policy Beneficiaries: Evidence of Inequality from a New Data Set

3 - Elasticity of Marginal Utility of Consumption: The Equal-Sacrifice Approach Applied for the Czech Republic

2 - Multi-Horizon Equity Returns Predictability via Machine Learning

1 - Foreign Direct Investment in Emerging Markets: Evidence from Russia since the 2000s

 

2020

45 - Trading Volume and Stock Returns: A Meta-Analysis

44 - Consistency of Banks' Internal Probability of Default Estimates

43 - Estimating Elasticity of Substitution in CES Production Function: Examining Different Nesting Structures and EU Regions

42 - Selective Attention in Exchange Rate Forecasting

41 - Corporate Effective Tax Rates for Research and Policy

40 - Financial Crime and Punishment: A Meta-Analysis

39 - Institutions, Financial Development, and Small Business Survival: Evidence from European Emerging Markets

38 - The Corporate Tax Haven Index: A New Geography of Profit Shifting

36 - Do Women Benefit from Minimum Wages?

35 - Macroeconomic Responses of Emerging Market Economies to Oil Price Shocks: Analysis by Region and Resource Profile

34 - Estimating the Relationship Between Resource Intensity and Occupational Health and Safety in Kazakhstan

33 - Business Cycle Sensitivity of Statutory Health Insurance: Evidence from the Czech Republic

32 - Publication and Identification Biases in Measuring the Intertemporal Substitution of Labor Supply

31 - A Survey of Empirical Literature on Hedge Fund Performance

30 - Was the Georgian Policy Shifting Public Sector Working Hours by One Hour “Family Friendly” and Did It Increase Female Labor Participation?

29 - Skilled and Unskilled Labor Are Less Substitutable than Commonly Thought

28 - Does Enforcement Of the Rules Against Foreign Bribery Discourage Exports? A Case of the OECD Anti-Bribery Convention

27 - Exchange rate misalignments, growth, and institutions

26 - Labour Force Participation of Married Woman in Russia

25 - Estimating the Social Value of Specific Crop Diversity Conservation Plans: Do Czechs Care More About Conserving Hop, Wine or Fruit Tree Varieties?

24 - Peer Effects in Central Banking

23 - Premium Price For Natural Preservatives In Wine: A Discrete Choice Experiment

22 - Mortality shocks and household consumption: The case of Mexico

21 - Country-by-Country Reporting and Other Financial Transparency Measures Affecting the European Union

20 - Multinational Corporations’ Effective Tax Rates: Evidence from Orbis

19 - The Importance of Retail Trade Margins for Calculating the Carbon Footprint of Consumer Expenditures: A Sensitivity Analysis

18 - Beauty and Productivity: A Meta-Analysis

16 - Do Rural Banks Matter That Much? Burgess and Pande (AER, 2005) Reconsidered

15 - Globalization of Science: Evidence from Authors in Academic Journals by Country of Origin

14 - Natural Catastrophes and Financial Development: An Empirical Analysis

13 - Credit Rating Downgrade Risk on Equity Returns

12 - Using ‘Costs States’ in a Semi-Markov Model to Estimate Cost-Effectiveness with an Illustration for Metastatic HER2+ Breast Cancer in the Czech Republic

11 - The Effect of Inpatient User Charges on Inpatient Care

10 - Are Exchange Rates Less Important for Trade in a More Globalized World? Evidence for the New EU Members

9 - Regional Determinants of Housing Prices in the Czech Republic

8 - ECB Monetary Policy and Commodity Prices

7 - Time-Varying Pricing of Risk in Sovereign Bond Futures Returns

6 - How Puzzling Is the Forward Premium Puzzle? A Meta-Analysis

5 - Nowcasting Real GDP Growth: Comparison between Old and New EU Countries

3 - Institutional and Other Determinants of the Net Interest Margin of US and European Banks in a Low Interest Rate Environment

2 - Are Employment Effects of Minimum Wage the Same Across the EU? A Meta-Regression Analysis

1 - Cognitive Bias Mitigation: How to Make Decision-Making Rational?
 

2019

41 - The Progress of Global Financial Transparency: Evidence from The Financial Secrecy Index 2009–2018

40 - The Costs of Tax Havens: Evidence from Industry-Level Data

39 - Decomposing Multinational Corporations’ Declining Effective Tax Rates

38 - Impact of Terrorist Incidents on Tourism in Africa, the Middle East, and South Asia: A Dynamic Heterogeneous Panel Approach

37 - Partisan Fiscal Policy: Evidence from Central and Eastern Europe

36 - Performance Comparison of European Cooperative and Commercial Banks in a Low Interest Rate Environment

35 - Remittances and Economic Growth: A Meta-Analysis

34 - Decomposition Analysis of Air Pollutants During the Transition and Post-Transition Periods in the Czech Republic

33 - Tax Treaties Worldwide: Estimating Elasticities and Revenue Foregone

32 - Heterogeneity of Returns to Business R&D: What Does Make a Difference?

31 - Multinational Corporations and Tax Havens: Evidence from Country-by-Country Reporting

Older papers and search/ filtering opitons are available at RePEc.