prof. PhDr. Tomáš Havránek, Ph.D.

Tomáš Havránek is Professor of Economics at the Institute of Economic Studies, Charles University. He uses meta-analysis to correct published evidence for selective reporting and biases in study design. Five Nobel laureates cite his work, and the Nobel Committee's scientific background to the 2026 prize in economics discusses his meta-analysis of the marginal propensity to consume. In the RePEc ten-year ranking (2026) he is first in the Czech Republic and in the top 1% worldwide. He is a Research Affiliate of CEPR and Stanford METRICS and Associate Editor for meta-analysis at the Journal of Economic Surveys. He was Advisor to the Board of the Czech National Bank until 2019 and in 2020 became the first Czech economist on an ERC Advanced Grant panel. With Zuzana Iršová he runs meta-analysis.cz, which hosts the data and code for their meta-analyses, and co-runs the free MAIVE meta-analysis app easymeta.org. More at tomashavranek.cz.

• meta-analysis and publication bias
• p-hacking and reproducibility of research
• macroeconomics and monetary policy
• international economics
• financial economics
• labor economics

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. (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. (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., & 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., 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., 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
• 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., & Sedlaříková J. (2014). Meta-analýza důchodové elasticity poptávky po penězích. Politická ekonomie, 62(3), 366-382. 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., 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., 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., & 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., Herman D., & Iršová Z. (2018). Does Daylight Saving Save Electricity? A Meta-Analysis. Energy Journal, 39(2), 35-61. 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., & Zeynalov A. (2021). Forecasting tourist arrivals: Google Trends meets mixed-frequency data. Tourism Economics, 27(1), 129-148. 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., & Iršová Z. (2013). Determinants of Bank Performance in Transition Countries: A Data Envelopment Analysis. Transition Studies Review, 20(1), 1-17.
• 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. (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., 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., Laslopova L., & Zeynalova O. (2024). Publication and Attenuation Biases in Measuring Skill Substitution. Review of Economics and Statistics, 106(5), 1187-1200. 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
• Iršová Z., & Havránek T. (2011). Bank efficiency in transitional countries: sensitivity to stochastic frontier design. Transition Studies Review, 18(2), 230-270.
• 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). Determinants of Horizontal Spillovers from FDI: Evidence from a Large Meta-Analysis. World Development, 42(February), 1-15. 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
• 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
• Babecký J., & Havránek T. (2014). Structural Reforms and Growth in Transition: A Meta-Analysis. Economics of Transition, 22(1), 13-42. 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
• 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
• 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
• 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
• 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
• Cazachevici A., Havránek T., & Horváth R. (2020). Remittances and economic growth: A meta-analysis. World Development, 134(October), 1-17. UT-WOS link
• 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
• Rusnák M., Havránek T., & Horváth R. (2011). How to Solve the Price Puzzle? A Meta-Analysis. Working Paper Series, Neuveden(446), 1-37.
• 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
• 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
• 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
• 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
• Yang F., Havránek T., Iršová Z., & Novák J. (2024). Is research on hedge fund performance published selectively? A quantitative survey. Journal of Economic Surveys, 38(4), 1085-1131. UT-WOS link
• Kroupova K., Havránek T., & Iršová Z. (2024). Student Employment and Education: A Meta-Analysis. Economics of Education Review, 100(June 2024), UT-WOS link
• Bajzík J., Havránek T., Iršová Z., & Novák J. (2025). Does Shareholder Activism Create Value? A Meta-Analysis. Corporate Governance: an International Review, 33(5), 1039-1061. UT-WOS link
• Elminejad A., Havránek T., & Iršová Z. (2025). Relative Risk Aversion: A Meta-Analysis. Journal of Economic Surveys, 39(5), 2315-2333. UT-WOS link
• Stanley T., Doucouliagos H., & Havránek T. (2025). Reducing the biases of the conventional meta-analysis of correlations. Research Synthesis Methods, 16(1), 42-59. UT-WOS link
• Iršová Z., Bom P., Havránek T., & Rachinger H. (2025). Spurious precision in meta-analysis of observational research. Nature Communications, 16(1), UT-WOS link
• Stanley T., Doucouliagos H., & Havránek T. (2024). Meta-analyses of partial correlations are biased: Detection and solutions. Research Synthesis Methods, 15(2), 313-325. UT-WOS link
• Iršová Z., Doucouliagos H., Havránek T., & Stanley T. (2024). Meta-Analysis of Social Science Research: A Practitioner's Guide. Journal of Economic Surveys, 38(5), 1547-1566. 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
• Gechert S., Mey B., Opatrny M., Havránek T., Stanley T., Bom P., Doucouliagos H., Heimberger P., Iršová Z., & Rachinger H. (2025). Conventional wisdom, meta-analysis, and research revision in economics. Journal of Economic Surveys, 39(3), 980-999. UT-WOS link

Contributions in the conference proceedings

• 2024–2029 – Charles University UNCE24/SSH/020: Center for Advanced Economic Studies II, co-investigator at the Faculty of Social Sciences
• 2024–2026 – Czech Science Foundation 24-11583S: Disentangling p-hacking from publication bias in finance research, principal investigator
• 2022–2025 – National Institute for Research on the Socioeconomic Impact of Diseases and Systemic Risks (SYRI), EXCELES program, team member
• 2021–2023 – Czech Science Foundation 21-09231S: Meta-Analyses of Returns on Financial Investment Management Strategies, principal investigator (final evaluation: excellent results of international significance)
• 2019–2024 – Czech Science Foundation EXPRO 19-26812X: Frontiers in Energy Efficiency Economics and Modelling (FE3M), team member
• 2018–2020 – Czech Science Foundation 18-02513S: Meta-Analyses of Stock Return Determinants, principal investigator
• 2015–2017 – Czech Science Foundation 15-02411S: Development and Applications of Meta-Regression Methods in Economics, principal investigator (final evaluation: excellent results of international significance)
• 2012–2018 – Czech Science Foundation Centre of Excellence P402/12/G097: Dynamic Models in Economics (DYME), team member
• 2010–2012 – Charles University Grant Agency 76810: Development and Application of Meta-Analytic Methods in Economics, principal investigator

All projects: science.fsv.cuni.cz

• 2025 – Erskine Fellowship, University of Canterbury
• 2024 – Honorable mention from the President of the Czech Science Foundation
• 2024 – Experimental Economics Editors' Prize for the best paper published in 2022, Economic Science Association (with Jindřich Matoušek and Zuzana Iršová)
• 2012–2016 – Economic Research Award, Czech National Bank (five consecutive years)
• 2014 – Best PhD Thesis Award, UniCredit & Universities Foundation
• 2012 – Young Economist of the Year, Czech Economic Society (with Marek Rusnák)
• 2010 – First prize, Medals for Research on Development, Global Development Network (with Zuzana Iršová)
• 2009 – Olga Radzyner Award, Oesterreichische Nationalbank
• 2009 – Karel Engliš Award, Czech Economic Society

Citations, rankings and uses of his research: tomashavranek.cz/impact