The Czech Economic Society presented its awards, two of them to our alumnae

The Czech Economic Society organized its 13th biennial conference on November 29 and 30. The main speaker was Prof. Konstantin Sokolov of the University of Memphis. The conference was preceded by an introductory lecture in the Congress Center of the Czech National Bank (ČNB) with Prof. Evi Pappa from the Universidad Carlos II de Madrid and the Center for Economic Policy Research (CEPR) as guest speaker. The program also included the traditional awards ceremony.

• The Karel Engliš Prize dealing with economic policy has been awarded to Tereza Veselá. The author is a graduate of the Institute of Economic Studies, Faculty of Social Sciences at Charles University. Currently, she is our PhD student. In a paper titled „Disagreement about Expected Inflation and the Transmission of Monetary Policy in the Czech Republic“, she explores how differences in inflation expectations affect the effectiveness of monetary policy in the Czech Republic. Tereza proves in her paper that during times when inflation expectations vary widely, central bank interest rate hikes are less effective and may even lead to increased inflation. The study also finds that central bank rate responses tend to be weaker during high disagreement periods, reflecting a more accommodative stance that may not sufficiently curb inflation. The findings highlight the importance of understanding expectation diversity when designing effective monetary policy in small open economies.

• The winner of this year’s Kateřina Šmídková Prize, awarded by the Czech Economic Society (CES), is Jana Cahlíková, assistant professor at Erasmus University in Rotterdam, and research associate at CERGE-EI, a joint workplace of CERGE at Charles University in Prague and the Economic Institute of the Czech Academy of. Sciences. In her research, Dr Cahlíková is active within the area of behavioural and experimental economics, as well as within the area of applied microeconomics, political economy, organizational economics, and development economics. 
  Her main research contributions focus on the dark side of human social behaviour, such as group biases, antisocial behaviour, and behaviour under acute stress. She runs economic experiments (lab-in-the-field, lab, field, and online) to study how social and institutional environments affect these types of behaviours. You can read more about her research here. 
  The Kateřina Šmídková prize is awarded by the Society in memory of Czech economist Kateřina Šmídková, a long-time member of the CES’s board of directors, a professor of economy at IES FSV UK and the director of an individual department of economic research at the Czech National Bank. The purpose of this prize is to award Czech and foreign female economists living in the Czech Republic for a long period and engaging in exceptionally high-quality publishing activities with support for their further professional progress. The prize is accompanied by a monetary award of 100,000CZK, and is financed from the funds bequeathed by Professor Šmídková. These funds are managed by the Kateřina Šmídková Trust.

Congratulations!