PhDr. Jaromír Baxa, Ph.D.

Education

2006-2013 Ph.D. degree, Institute of Economic Studies, Charles University
2004-2006 Master degree, Institute of Economic Studies, Charles University
2001-2003 Bachelor degree, Institute of Economic Studies, Charles University

Job history

2013+ Assistant Professor, Institute of Economic Studies, Charles University
2012+ Institute of Information Theory and Automation, Academy of Sciences of the Czech Republic (postdoc)
2010 European Central Bank, Fiscal Policies Division

Monographs

• Cahlík T., Švarc P., Švarcová N., Baxa J., & Hausenblas V. (2009). Network approaches in economics. Karolinum.

Chapters in monographs

• Horváth R., Baxa J., & Vašíček B. (2011). Time-varying monetary policy rules and financial stress. Handbook of central banking, financial regulation and supervision: after the financial crisis (pp. 268-313).

Articles

• Baxa J. (2007). Stock market optimism and cointegration among stocks : the case of the Prague stock exchange. Acta Oeconomica Pragensia, 15(4), 5-16.
• Baxa J., Plašil M., & Vašíček B. (2015). Changes in inflation dynamics under inflation targeting? Evidence from Central European countries. Economic Modelling, 44(January), 116-130. UT-WOS link
• Baxa J., & Paulus M. (2024). Exchange rate misalignments, growth, and institutions. Empirical Economics, 67(4), 1705-1799. UT-WOS link
• Baxa J., Horváth R., & Vašíček B. (2013). Time-varying monetary-policy rules and financial stress: Does financial instability matter for monetary policy?. Journal of Financial Stability, 9(1), 117-138. UT-WOS link
• Baxa J., Horváth R., & Vašíček B. (2014). How does monetary policy change? Evidence on inflation-targeting countries. Macroeconomic Dynamics, 18(3), 593-630. UT-WOS link
• Baxa J., Plašil M., & Vašíček B. (2017). Inflation and the steeplechase between economic activity variables: evidence for G7 countries. B.E. Journal of Macroeconomics, 17(1), nestránkováno. UT-WOS link
• Stráský J., & Baxa J. (2014). Search for Predictors of Inflation Using VAR and BVAR: The Case of Czech Republic. Bulletin of the Czech Econometric Society, 21(33), 22-58.
• Afonso A., Baxa J., & Slavík M. (2018). Fiscal developments and financial stress: a threshold VAR analysis. Empirical Economics, 54(2), 395-423. UT-WOS link
• Buliskeria N., & Baxa J. (2022). Do rural banks matter that much? Burgess and Pande (2005) reconsidered. Journal of Applied Econometrics, 37(6), 1266-1274. UT-WOS link
• Vácha L., Šmolík F., & Baxa J. (2019). Comovement and disintegration of EU sovereign bond markets during the crisis. International Review of Economics and Finance, 64(November), 541-556. UT-WOS link

Contributions in the conference proceedings

• Baxa J. (2008). A simple real business cycle model of the Czech economy. Quantitative methods in economics : multiple criteria decision making XIV (pp. 28-39).
• Baxa J. (2008). A simple real business cycle model : an application on the Czech economy. Mathematical methods in economics 2008 : proceedings of the 26th international conference (pp. 9-9).
• Baxa J. (2009). Cooperative behavior and economic growth. Mathematical methods in economics 2009 (pp. 13-18).
• Baxa J. (2010). What the Data Say about the Effects of Fiscal Policy in the Czech Republic?. Mathematical Methods in Economics 2010 (pp. 24-29).
• Baxa J., & Paulus M. (2018). The New Fiscal Rules in the Czech Republic: Will They Work?. Fiscal Rules in the EU after the Crisis : a Selection of Papers Presented during the Budapest Public Finance Seminar 2018 (pp. 9-20).
• Adam T., & Baxa J. (2012). Rule-of-thumb households in the Czech Republic. Proceedings of 30th International Conference Mathematical Methods in Economics (pp. 8-13).

JEM216 - Advanced Macroeconomics
JEM116 - Applied Econometrics
JEM209 - History and Methodology of Economics
JEM211 - Philosophy, Economics and Politics: Current Debates
JEM158 - Tools for Modern Macroeconometrics

Bachelor theses

If you wish to write a bachelor thesis with me, don't hesitate to stop by.
Currently, I'm increasingly interested in EU policies, inflation dynamics, fiscal and monetary policies. Nevertheless, topics from fields like economic history or economic growth are also welcomed. Some topics I offer can be quite simple but there are some that can be more challenging.

Master theses

If you wish to write a diploma thesis with me, don't hesitate to stop by.
Currently, I'm increasingly interested in EU policies, inflation dynamics, fiscal consolidations, fiscal and monetary policies. Some topics I offer can be quite simple but there are some that can be more challenging.

More specifically:
Explaining asymmetric developments in the euro area
How long does it take until the positive effects of structural reforms do materialize?
Current account dynamics and euro area differences
Bond spreads of the EU member states. Are fundamentals enough to explain their dynamics?
New fiscal rules in the EU. Will they work?
Bond spreads and nonlinear models. Is there any evidence of switching behavior? Which variables cause switching?
Bond spreads and fiscal consolidations: When does the fiscal effort pays off?
Event studies: evaluating the effects of announcements of yet another austerity programme during the Great Recession.
Fiscal space: Shall we include private debts in calculations?
Issues in fiscal rules.
What explains different duration of the Great Recession across countries?
Reaction functions of various central banks in Great Recession
Identification of equilibrium exchange rates
Topics in economic growth (inequality, indebtedness, human capital)
Topics in economic history (20th century preferably, I'm mostly interested in the interplay between economic theory, economic policy and vice versa)
etc.

2020–22 Czech Science Foundation (GACR 20-14990S), “Economic Policy in Times of Uncertainty”, Principal Investigator

Macroeconomics, Institutional Economics