prof. PhDr. Tomáš Havránek, Ph.D.

I am an economist specializing in macroeconomics, international economics, and meta-research. More information about me is available at tomashavranek.cz.

Job history

2021+ Professor, Charles University, Prague
2016-2021 Associate Professor, Charles University, Prague
2016-2019 Advisor to the Vice-Governor, Czech National Bank
2014 Visiting Scholar, University of California, Berkeley
2009-2015 Economist, Research Department, Czech National Bank

Monographs

Chapters in monographs

• Havránek T. (2023). Cobb-Douglas production function. Dictionary of Ecological Economics: Terms for the New Millennium (pp. 1-71).

Articles

• Havránek T., Horváth R., & Zeynalov A. (2016). Natural Resources and Economic Growth: A Meta-Analysis. World Development, 88(December), 134-151. UT-WOS link
• Havránek T., Iršová Z., & Janda K. (2012). Demand for gasoline is more price-inelastic than commonly thought. Energy Economics, 34(1), 201-207. UT-WOS link
• Havránek T., & Iršová Z. (2011). Estimating vertical spillovers from FDI: Why results vary and what the true effect is. Journal of International Economics, 85(2), 234-244. UT-WOS link
• Havránek T., Stanley T., Doucouliagos H., Bom P., Geyer-Klingeberg J., Iwasaki I., Reed W., Rost K., & van Aert R. (2020). Reporting Guidelines for Meta-Analysis in Economics. Journal of Economic Surveys, 34(3), 469-475. UT-WOS link
• Havránek T., & Kokeš O. (2015). Income elasticity of gasoline demand: A meta-analysis. Energy Economics, 47(January), 77-86. UT-WOS link
• Havránek T., Iršová Z., Janda K., & Zilberman K. (2015). Selective reporting and the social cost of carbon. Energy Economics, 51(September), 394-406. UT-WOS link
• Havránek T., Horváth R., Iršová Z., & Rusnák M. (2015). Cross-country heterogeneity in intertemporal substitution. Journal of International Economics, 96(1), 100-118. UT-WOS link
• Havránek T., & Sedlaříková J. (2014). Meta-analýza důchodové elasticity poptávky po penězích. Politická ekonomie, 62(3), 366-382. UT-WOS link
• Havránek T., & Iršová Z. (2013). Determinants of Bank Performance in Transition Countries: A Data Envelopment Analysis. Transition Studies Review, 20(1), 1-17.
• Havránek T. (2015). Measuring intertemporal substitution: The importance of method choices and selective reporting. Journal of the European Economic Association, 13(6), 1180-1204. UT-WOS link
• Havránek T., & Rusnák M. (2013). Transmission Lags of Monetary Policy: A Meta-Analysis. International Journal of Central Banking, 9(4), 39-75. UT-WOS link
• Havránek T. (2009). The supply of foreign direct investment incentives : subsidy competition in an oligopolistic framework. Prague Economic Papers, 18(2), 131-155. UT-WOS link
• Havránek T. (2010). Rose effect and the euro : Is the magic gone?. Review of World Economics, 146(2), 241-261. UT-WOS link
• Havránek T., & Iršová Z. (2010). Meta-analysis of intra-industry FDI spillovers : updated evidence. Finance a úvěr, 60(2), 151-174. UT-WOS link
• Havránek T., & Iršová Z. (2010). On the intensity of international subsidy competition for FDI. Theoretical and Applied Economics, 17(2), 25-54.
• Havránek T., Herman D., & Iršová Z. (2018). Does Daylight Saving Save Electricity? A Meta-Analysis. Energy Journal, 39(2), 35-61. UT-WOS link
• Havránek T., Rusnák M., & Sokolova A. (2017). Habit formation in consumption: A meta-analysis. European Economic Review, 95(June), 142-167. UT-WOS link
• Havránek T., Iršová Z., & Zeynalova O. (2018). Tuition Fees and University Enrolment: A Meta-Regression Analysis. Oxford Bulletin of Economics and Statistics, 80(6), 1145-1184. UT-WOS link
• Havránek T., Iršová Z., & Schwarz J. (2016). Dynamic Elasticities of Tax Revenue: Evidence from the Czech Republic. Applied Economics, 48(60), 5866-5881. UT-WOS link
• Havránek T., & Iršová Z. (2017). Do Borders Really Slash Trade? A Meta-Analysis. IMF Economic Review, 65(2), 365-396. UT-WOS link
• Havránek T., Iršová Z., & Lešanovská J. (2016). Bank efficiency and interest rate pass-through: Evidence from Czech loan products. Economic Modelling, 54(April 2016), 153-169. UT-WOS link
• Havránek T., & Zeynalov A. (2021). Forecasting tourist arrivals: Google Trends meets mixed-frequency data. Tourism Economics, 27(1), 129-148. UT-WOS link
• Havránek T., Iršová Z., & Vlach T. (2018). Measuring the income elasticity of water demand: The importance of publication and endogeneity biases. Land Economics, 94(2), 259-283. UT-WOS link
• Havránek T., & Sokolova A. (2020). Do consumers really follow a rule of thumb? Three thousand estimates from 144 studies say "probably not". Review of Economic Dynamics, 35(January), 97-122. UT-WOS link
• Havránek T., Horváth R., & Matějů J. (2012). Monetary transmission and the financial sector in the Czech Republic. Economic Change and Restructuring, 45(3), 135-155.
• Havránek T., & Iršová Z. (2012). Survey Article: Publication Bias in the Literature on Foreign Direct Investment Spillovers. Journal of Development Studies, 48(10), 1375-1396. UT-WOS link
• Elminejad Anjileh M., Havránek T., Horváth R., & Iršová Z. (2023). Intertemporal substitution in labor supply: A meta-analysis. Review of Economic Dynamics, 51(December), 1095-1113. UT-WOS link
• Gechert S., Havránek T., Iršová Z., & Kolcunová D. (2022). Measuring capital-labor substitution: The importance of method choices and publication bias. Review of Economic Dynamics, 45(July), 55-82. UT-WOS link
• Žigraiová D., Havránek T., Iršová Z., & Novák J. (2021). How puzzling is the forward premium puzzle? A meta-analysis. European Economic Review, 134(May), 1-30. UT-WOS link
• Babecký J., Havránek T., Matějů J., Rusnák M., Šmídková K., & Vašíček B. (2013). Leading Indicators of Crisis Incidence: Evidence from Developed Countries. Journal of International Money and Finance, 35(1), 1-19. UT-WOS link
• Iršová Z., & Havránek T. (2013). A Meta-Analysis of Bank Efficiency Measurement in Transitional Countries. Transformations in Business and Economics, 12(2), 163-183. UT-WOS link
• Iršová Z., & Havránek T. (2013). Determinants of Horizontal Spillovers from FDI: Evidence from a Large Meta-Analysis. World Development, 42(February), 1-15. UT-WOS link
• Babecký J., & Havránek T. (2014). Structural Reforms and Growth in Transition: A Meta-Analysis. Economics of Transition, 22(1), 13-42. UT-WOS link
• Rusnák M., Havránek T., & Horváth R. (2013). How to Solve the Price Puzzle? A Meta-Analysis. Journal of Money, Credit and Banking, 45(1), 37-70. UT-WOS link
• Kúdeľa P., Havránek T., Herman D., & Iršová Z. (2020). Does daylight saving time save electricity? Evidence from Slovakia. Energy Policy, 137(February), 1-20. UT-WOS link
• Fiala T., & Havránek T. (2017). The Sources of Contagion Risk in a Banking Sector with Foreign Ownership. Economic Modelling, 60(January 2017), 108-121. UT-WOS link
• Astakhov A., Havránek T., & Novák J. (2019). Firm size and stock returns: a quantitative survey. Journal of Economic Surveys, 33(5), 1463-1492. UT-WOS link
• Kolcunová D., & Havránek T. (2018). Estimating the Effective Lower Bound on the Czech National Bank's Policy Rate. Finance a úvěr, 68(6), 550-577. UT-WOS link
• Hampl M., & Havránek T. (2020). Central Bank Equity as an Instrument of Monetary Policy. Comparative economic studies, 62(1), 49-68. UT-WOS link
• Iršová Z., & Havránek T. (2010). Measuring bank efficiency : a meta-regression analysis. Prague Economic Papers, 19(4), 307-328. UT-WOS link
• Žigraiová D., & Havránek T. (2016). Bank Competition and Financial Stability: Much Ado about Nothing?. Journal of Economic Surveys, 30(5), 944-981. UT-WOS link
• Babecký J., Havránek T., Matějů J., Rusnák M., Šmídková K., & Vašíček B. (2014). Banking, debt, and currency crises in developed countries: Stylized facts and early warning indicators. Journal of Financial Stability, 15(December), 1-17. UT-WOS link
• Valíčková P., Havránek T., & Horváth R. (2015). Financial Development and Economic Growth: a Meta-Analysis. Journal of Economic Surveys, 29(3), 506-526. UT-WOS link
• Cazachevici A., Havránek T., & Horváth R. (2020). Remittances and economic growth: A meta-analysis. World Development, 134(October), 1-17. UT-WOS link
• Rusnák M., Havránek T., & Horváth R. (2011). How to Solve the Price Puzzle? A Meta-Analysis. Working Paper Series, Neuveden(446), 1-37.
• Hampl M., Havránek T., & Iršová Z. (2020). Foreign capital and domestic productivity in the Czech Republic: a meta-regression analysis. Applied Economics, 52(18), 1949-1958. UT-WOS link
• Iršová Z., & Havránek T. (2011). Bank efficiency in transitional countries: sensitivity to stochastic frontier design. Transition Studies Review, 18(2), 230-270.
• Bajzík J., Havránek T., Iršová Z., & Schwarz J. (2020). Estimating the Armington elasticity: The importance of study design and publication bias. Journal of International Economics, 127(November), 1-23. UT-WOS link
• Matoušek J., Havránek T., & Iršová Z. (2022). Individual discount rates: a meta-analysis of experimental evidence. Experimental Economics, 25(1), 318-358. UT-WOS link
• Ehrenbergerová D., Bajzík J., & Havránek T. (2023). When Does Monetary Policy Sway House Prices? A Meta-Analysis. IMF Economic Review, 71(2), 538-573. UT-WOS link

Contributions in the conference proceedings

2014 Best PhD Thesis Award (UniCredit & Universities Foundation)
2012 - 2016 Economic Research Award (2016, 2015, 2014, 2013, 2012, Czech National Bank)
2012 Young Economist (Czech Economic Society)
2010 Medal on Research and Development Global Development Network, World Bank, 1st prize
2009 Olga Radzyner Award (Austrian National Bank)

JEB004 - Ekonomie II
JEM222 - Master's Thesis Seminar for CSF I
JEM223 - Master's Thesis Seminar for CSF II
JEM213 (JEM001) - Master's Thesis Seminar I
JEM214 (JEM002) - Master's Thesis Seminar II
JED414 - Quantitative Methods in Macroeconomics and Finance I
JED415 - Quantitative Methods in Macroeconomics and Finance II
JEM225 - Seminář k diplomovým pracím I
JEM226 - Seminář k diplomovým pracím II

Bachelor theses

Please write your thesis in English and use LaTeX. For current topics see the SIS. Still, I welcome your own topics in meta-analysis (especially publication bias), international economics (trade and FDI), monetary economics (optimal inflation), and energy economics (demand for energy and issues related to the social cost of carbon). Send me your GPA from bachelor studies.

Master theses

If you are interested in meta-analysis, please first look at my recent papers on the topic:

• Tomas Havranek, Zuzana Irsova, Lubica Laslopova, & Olesia Zeynalova (2023), "Publication and Attenuation Biases in Measuring Skill Substitution." Review of Economics and Statistics, forthcoming.
• Ehrenbergerova Dominika, Josef Bajzik, & Tomas Havranek (2023), "When Does Monetary Policy Sway House Prices? A Meta-Analysis." IMF Economic Review 71, 538-573.
• Gechert Sebastian, Tomas Havranek, Zuzana Irsova, & Dominika Kolcunova (2022), "Measuring Capital-Labor Substitution: The Importance of Method Choices and Publication Bias." Review of Economic Dynamics 45, 55-82

Czech Science Foundation 21-09231S Meta-Analyses of Returns on Financial Investment Management Strate-gies (2021–2023), principal investigator

18-02513S Meta-Analyses of Stock Return Determinants (2018–2020), principal Investigator

Macroeconomics, International Trade, Monetary Policy, Meta-Analysis