Overview

Research overview (2015-2021) 

A summary of our main research activities conducted in the period 2015-2021 is available in the following report. Below you may find a more detailed list of journal articles published by our colleagues and additional relevant information.

Economics and Finance (2011+)  

Top journals (5 in Economics, 3 in Finance, A++)  

  • Bartoš V, Bauer M, Chytilová J, Matějka F (2016) Attention Discrimination: Theory and Field Experiments with Monitoring Information Acquisition, American Economic Review, 106(6), 1437-1475 
  • Bauer M, Chytilová J, Morduch J (2012) Behavioral Foundations of Microcredit: Experimental and Survey Evidence from Rural India, American Economic Review, 102(2), 1118-1139

Leading journals (A+)  

  • Bartoš V, Bauer M, Chytilová J, Levely I (2021) Psychological Effects of Poverty on Time Preferences, Economic Journal: ueab007 (forthcoming)
  • Baruník J, Bevilacqua M, Tunaru R (2021) Asymmetric Network Connectedness of Fears, The Review of Economics and Statistics (forthcoming)  
  • Bauer M, Chytilová J, Pertold-Gebická B (2014) Parental Background and Other-Regarding Preferences in Children, Experimental Economics, 17(1), 24-46
  • Bauer M, Blattman C, Chytilová J, Henrich J, Miguel E, Mitts T (2016) Can War Foster Cooperation?, Journal of Economic Perspectives, 30(3), 249-274 
  • Bauer M, Fiala N, Levely I (2017). Trusting former rebels: An experimental approach to understanding reintegration after civil war. The Economic Journal128(613), 1786-1819
  • Burda M, Harding M, Hausman J (2012) A Poisson Mixture Model of Discrete Choice, Journal of Econometrics, 166(2), 184-203
  • Havránek T (2015) Measuring Intertemporal Substitution: The Importance of Method Choices and Selective Reporting, Journal of the European Economic Association, 13(6), 1180-1204 
  • Havránek T, Havránková Z (2011) Estimating Vertical Spillovers from FDI: Why Results Vary and What the True Effect Is, Journal of International Economics, 85(2), 234-244 
  • Havránek T, Havránková Z (2017) Do Borders Really Slash Trade? A Meta-Analysis, IMF Economic Review, 65(2), 365-396 
  • Havránek T, Havránková Z, Horváth R, Rusnák M (2015) Cross-Country Heterogeneity in Intertemporal Substitution, Journal of International Economics, 96(1), 100-118 
  • Jašová M, Mendicino C, Supera D (2021) Policy Uncertainty, Lender of last resort and The Real Economy, Journal of Monetary Economics, 118: 381-398

Highly regarded journals (A) 

  • Astakhov A, Havránek T, Novák J (2019) Firm Size and Stock Returns: A Quantitative Survey, Journal of Economic Surveys, 33(5): 1463-1492     
  • Bartoš V, Bauer M, Cahlíková J, Chytilová J (2021) Covid-19 and Hostility against Foreigners, European Economic Review (forthcoming)
  • Baruník J, Kley T (2019) Quantile Coherency: A General Measure for Dependence between Cyclical Economic Variables, The Econometrics Journal, 22(2), pp. 131-152
  • Baruník J, Kočenda E, Vácha L (2016) Asymmetric Connectedness of Stock Markets: How Does Bad and Good Volatility Spillovers? Journal of Financial Markets, 27, 55-78 
  • Baruník J, Křehlík T (2018). Measuring the frequency dynamics of financial connectedness and systemic risk. Journal of Financial Econometrics16(2), 271-296
  • Baruník J, Vácha L (2017) Do Co-Jumps Impact Correlations in Currency Markets? Journal of Financial Markets, 37, 97-119 
  • Bauer M, Chytilová J, Miguel E (2020) Using Survey Questions to Measure Preferences: Lessons from an Experimental Validation in Kenya, European Economic Review, 127:103493
  • Burda M, Harding M (2013) Panel Probit with Flexible Correlated Effects: Quantifying Technology Spillovers in the Presence of Latent Heterogeneity, Journal of Applied Econometrics, 28(6), 956-981 
  • Burda M, Harding M, Hausman J (2015) A Bayesian Semi-Parametric Competing Model with Unobserved Heterogeneity, Journal of Applied Econometrics, 30(3), 353-376 
  • Cobham A, Janský P, Mainzer M (2015) The Financial Secrecy Index: Sheding New Light on The Geography of Secrecy, Economic Geography, 91(3), 281-303 
  • Dominguez K, Fatum R, Vacek P (2013) Do Sales of Foreign Exchange Reserves Lead to Currency Appreciation? Journal of Money, Credit and Banking, 45(5), 867-890 
  • Ehrenbergerová D, Gechert S, Havránek T, Havránková Z (2021) Measuring Capital-Labor Substitution: The Importance of Method Choices and Publication Bias, Review of Economic Dynamics (forthcoming)        
  • Havránek T, Havránková Z, Matoušek J (2021) Individual Discount Rates: A Meta-Analysis of Experimental Evidence, Experimental Economics (forthcoming)        
  • Havránek T, Rusnák M, Sokolova A (2017) Habit Formation in Consumption: A Meta-Analysis, European Economic Review, 95, 142-167 
  • 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(1), 97-122
  • Havránek T, Stanley T, Doucouliagos C et al. (2020) Reporting Guidelines for Meta-Analysis in Economics, Journal of Economic Surveys, 34(3), 469-475        
  • Hasan I, Horváth R,  Mareš J (2018). What type of finance matters for growth? Bayesian model averaging evidence. The World Bank Economic Review, 32(2), 383-409. 
  • Horváth R (2020) Peer Effects in Central Banking, IMF Economic Review, 68: 764–814
  • Horváth R, Kaszab L, Marsal A (2021) Fiscal Policy and Nominal Term Premium Journal of Money, Credit and Banking (forthcoming)     
  • Polák P (2019) The Euro’s Trade Effect: A Meta-Analysis, Journal of Economic Surveys, 33    
  • 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 
  • Zigraiova D, Havránek T, Iršová Z, Novák J (2021) How Puzzling Is the Forward Premium Puzzle? A Meta-Analysis, European Economic Review, 134, 103714     
  • Žikes F, Baruník J, Shenai N (2017) Modeling and Forecasting Persistent Financial Durations, Econometric Reviews, 36(10), 1081-1110 
  • Žikes F, Baruník J (2016) Semiparametric Conditional Quantile Models for Financial Returns and Realized Volatility, Journal of Financial Econometrics, 14(1), 185-226     

Recognized journals (B)  

  • Alberinia A, Khymych O, Ščasný M (2020) Responsiveness to Energy Price Changes when Salience is High: Residential Natural Gas Demand in Ukraine, Energy Policy 144
  • Alberini A, Khymych O, Ščasný M (2019) Response to Extreme Energy Price Changes: Evidence from Ukraine, The Energy Journal, Vol. 40, No. 1.
  • Anatolyev S, Baruník J (2019) Forecasting dynamic return distributions based on ordered binary choice, International Journal of Forecasting, 35(3), pp. 823-835,
  • Apergis N, Baruník J,  Lau MCK (2017). Good volatility, bad volatility: What drives the asymmetric connectedness of Australian electricity markets?. Energy Economics, 66, 108-115 
  • Avdulaj K,  Barunik J (2015). Are benefits from oil–stocks diversification gone? New evidence from a dynamic copula and high frequency data. Energy Economics, 51, 31-44 
  • Babecký J, Havránek T, Matějů J, Šmídková K, Vašíček B (2013) Leading Indicators of Crisis Incidence, Journal of International Money and Finance, 35(1), 1-19 
  • Babecký J, Havránek T, Matějů J, Šmídková K, Vašíček B (2014) Banking, Debt and Currency Crises: Early Warning Indicators for Developed Countries, Journal of Financial Stability, 15, 1-17 
  • Baruník J, Čech F (2021) Measurement of Common Risk Factors: A Panel Quantile Regression Model for Returns, Journal of Financial Markets (forthcoming)        
  • Baruník J, Kočenda E (2019) Total, Asymmetric and Frequency Connectedness Between Oil and Forex Markets, The Energy Journal, vol 40, pp. 157 - 174        
  • Baruník J, Vácha L (2012) Co-movement of energy commodities revisited: Evidence from wavelet coherence analysis, Energy Economics, 34(1), 241-247 
  • Baruník J, Kočenda E, Vácha L (2015) How Does Good and Bad Volatility Spill over across Petroleum Markets? Energy Journal, 36(3), 309-329 
  • Baruník J, Kočenda E, Vácha L (2017) Asymmetric volatility connectedness on the forex market. Journal of International Money and Finance77, 39-56
  • 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
  • Bennani H, Fanta N, Gertler P, Horvath R (2020) Does Central Bank Communication Signal Future Monetary Policy? The Case of the ECB, Journal of International Money and Finance, 104, 102167
  • Blasco S, Pertold-Gebická B (2013) Employment Policies, Hiring Practices and Firm Performance, Labour Economics, 25, 12-24 
  • Brož V, Kočenda E (2018). Dynamics and factors of inflation convergence in the European union. Journal of International Money and Finance86, 93-111
  • Brueckner JK, Šťastná L (2020) Commuting and Migration, Journal of Regional Science, 60(5), pp. 853-877
  • Brůha J, Kočenda E (2018). Financial stability in Europe: Banking and sovereign risk. Journal of Financial Stability36, 305-321.
  • Bubák V, Kočenda E, Žikeš F (2011). Volatility transmission in emerging European foreign exchange markets. Journal of Banking & Finance, 35(11), 2829-2841
  • Burda M, Harding M (2014) Environmental Justice: Evidence from Superfund Cleanup Durations, Journal of Economic Behavior & Organization, 107, 380-401 
  • Cazachevici A, Havránek T, Horváth R (2020) Remittances and Economic Growth: A Meta-Analysis, World Development, 134, 105021
  • de Batz L (2020) Financial Crime Spillovers. Does One Gain to Be Avenged? Journal of Economic Behavior & Organization 173
  • Feldkircher M, Horváth R, Rusnák M (2014) Exchange Market Pressures during the Financial Crisis: A Bayesian Model Averaging Evidence, Journal of International Money and Finance, 36(1), 21-41 
  • Filip O, Janda K, Krištoufek L, Zilberman D (2019) Food Versus Fuel: An Updated and Expanded Evidence, Energy Economics 82, pp. 152-166
  • Franta M, Baruník J, Horváth R, Šmídková K (2014) Are Bayesian Fan Charts Useful? An Evaluation of Macroeconomic Forecasts and Financial Stability Stress Tests, International Journal of Central Banking, 10(1), 159-187 
  • Filip O, Janda K, Krištoufek L, Zilberman D (2017) Food versus fuel: An updated and expanded evidence. Energy Economics
  • Fungáčová Z, Weill L (2014) Does Competition Influence The Bank Lending Channel in the Euro Area?, Journal of Banking and Finance, 49, 356-366 
  • Gertler P, Horváth R (2018). Central bank communication and financial markets: New high-frequency evidence. Journal of Financial Stability36, 336-345.
  • Gregor M (2021) Electives Shopping, Grading Policies, and Grading Competition, Economica 88, 364-398
  • Gregor M (2011) Tradeoffs of foreign assistance for the weakest-link global public goods, International Tax and Public Finance, 18(2), 233-251 
  • Gregor M (2015) Task Divisions in Teams with Complementary Tasks, Journal of Economic Behavior & Organization, 117, 102-120 
  • Hanousek J, Kočenda E, Shamsur A (2015) Corporate Efficiency in Europe, Journal of Corporate Finance, 32, 24-40 
  • Havránek T, Havránková Z, Janda K (2012) Demand for Gasoline Is More Price-Inelastic than Commonly Thought, Energy Economics, 34(1), 201-207 
  • Havránek T, Havránková Z (2013) Determinants for Horizontal FDI: Evidence from a Large Meta-Analysis, World Development, 42(1), 1-15
  • Havránek T, Havránková Z, Herman D (2018) Does Daylight Saving Save Energy? A Meta-Analysis, Energy Journal 39(2), 35-61 
  • Havránek T, Havránková Z, Vlach T (2018) Measuring the Income Elasticity of Water Demand: The Importance of Publication and Endogeneity Biases, Land Economics 94(2), 259-283 
  • Havránek T, Rusnák M (2013) Transmission Lags of Monetary Policy: A Meta-Analysis, International Journal of Central Banking, 9(4), 39-75 
  • Havránek T, Kokeš O (2015) Income Elasticity of Gasoline Demand: A Meta-Analysis, Energy Economics, 47(1), 77-86 
  • Havránek T, Havránková Z, Janda K, Zilberman D (2015). Selective reporting and the social cost of carbon. Energy Economics, 51, 394-406 
  • Havránek T, Horváth R, Zeynalov A (2016) Natural Resources and Economic Growth: A Meta-Analysis, World Development, 88, 134-151 
  • Havranek T, Irsova Z, Zeynalova O (2018). Tuition fees and university enrolment: A meta‐regression analysis. Oxford Bulletin of Economics and Statistics80(6), 1145-1184.
  • Hasan I, Horvath R, Mares J (2020) Finance and Wealth Inequality, Journal of International Money and Finance, 102161
  • Horváth R (2021) Natural Catastrophes and Financial Depth: An Empirical Analysis, Journal of Financial Stability, 53, 100842
  • Horváth R, Šmídková, K, Zápal J (2012) Central Banks’ Voting Record and Future Policy, International Journal of Central Banking, 8(4), 1-19 
  • Horváth R (2013) Does Trust Promote Growth? Journal of Comparative Economics, 41(3), 777-788 
  • Horváth R, Vaško D (2016) Central Bank Transparency and Financial Stability Journal of Financial Stability, 22, 45-56 
  • Horvath R, Kotlebova J, Siranova M (2018). Interest rate pass-through in the euro area: Financial fragmentation, balance sheet policies and negative rates. Journal of Financial Stability36, 12-21.
  • Horváthová E (2012). The impact of environmental performance on firm performance: Short-term costs and long-term benefits?. Ecological Economics, 84, 91-97
  • Hronec M (2020) Does It Pay to Follow Anomalies Research? Machine Learning Approach with International Evidence, Journal of Financial Markets 255
  • Janda K, Kourilek J (2020) Residual Shape Risk on Natural Gas Market with Mixed Jump Diffusion Price Dynamics, Energy Economics 2020, vol. 85, article number 104465.
  • Janda K, Krištoufek L (2019) The Relationship Between Fuel and Food Prices: Methods and Outcomes, Annual Review of Resource Economics 11, pp. 195-216
  • Ji Q, Bouri E, Roubaud D, Kristoufek L (2019) Information Interdependence Among Energy, Cryptocurrencies and Major Commodity Markets, Energy Economics 81, pp. 1042-1055
  • Kiuila O, Markandya A, Ščasny M (2019) Taxing Air Pollutants and Carbon Individually or Jointly: Results from a CGE Model Enriched by an Emission Abatement Sector, Economic System Research, 31:1, 21-43
  • Kočenda E, Iwasaki I, Shida Y (2021) Institutions, Financial Development, and Small Business Survival: Evidence from European Emerging Markets, Small Business Economics (forthcoming)
  • Kočenda E, Varga B (2018) The impact of monetary strategies on inflation persistence, International Journal of Central Banking, vol. 14(4), pages 229-274, September.
  • Krištoufek L (2019) Are the Crude Oil Markets Really Becoming More Efficient Over Time? Some New Evidence, Energy Economics 82, pp. 253-263
  • Krištoufek L (2020) Bitcoin and Its Mining on the Equilibrium Path, Energy Economics 85, art. 104588
  • Krištoufek L, Janda K, Zilberman D (2012) Correlations between Biofuels and Related Commodities before and during the Food Crisis: A Taxonomy Perspective, Energy Economics, 34(5), 1380-1391 
  • Krištoufek L, Vošvrda M (2014) Commodity Futures and Market Efficiency, Energy Economics, 42(5), 52-57 
  • Krištoufek L (2014) Leverage Effects in Energy Futures, Energy Economics, 45, 1-9 
  • Krištoufek L, Luňačková P (2015) Rockets and Feathers Meet Joseph: Reinvestigating the Oil-Gasoline Asymmetry on the International Markets, Energy Economics, 49, 1-8 
  • Krištoufek L (2018). Are the crude oil markets really becoming more efficient over time? Some new evidence. Energy Economics, forthcoming.
  • Křehlík T,  Baruník J (2017) Cyclical properties of supply-side and demand-side shocks in oil-based commodity markets. Energy Economics, 65, 208-218 
  • Kukačka J, Krištoufek L (2020) Do 'Complex' Financial Models Really Lead to Complex Dynamics? Agent-Based Models and Multifractality, Journal of Economic Dynamics and Control, 113C, 103855
  • Kukačka, J.,  Baruník, J. (2017). Estimation of financial agent-based models with simulated maximum likelihood. Journal of Economic Dynamics and Control, 85, 21-45
  • Malovaná S, Frait J (2017). Monetary policy and macroprudential policy: Rivals or teammates?. Journal of Financial Stability, 32, 1-16 
  • Novák J, Bilinski P (2018). Social stigma and executive compensation. Journal of Banking & Finance96, 169-184.
  • Samargandi N, Fidrmuc J, Ghosh S (2015). Is the relationship between financial development and economic growth monotonic? Evidence from a sample of middle-income countries. World Development, 68, 66-81 
  • Vácha L, Janda K, Krištoufek L, Zilberman D (2013) Time-Frequency Dynamics of Biofuels-Fuels-Food System, Energy Economics, 40, 233-241 
  • Valíčková P, Elms N (2021) The Costs of Providing Access to Electricity in Selected Countries in Sub-Saharan Africa and Policy Implications, Energy Policy (forthcoming)
  • Valíčková P, Havránek T, Horváth R (2015) Financial Growth and Economic Development, Journal of Economic Surveys, 29(3), 506-526 
  • Vašíček B, Žigraiová D, Hoeberichts M, Vermeulen R, Šmídková K, de Haan J (2017) Leading indicators of financial stress: New evidence. Journal of Financial Stability, 28, 240-257 
  • Žigraiová D, Havránek T (2016) Bank Competition and Financial Stability: Much Ado about Nothing?, Journal of Economic Surveys, 30(5), 944-981 

Citations in top-tier journals 

During the last 5 years, research of our colleagues has been cited in the following top journals in Economics and Finance:

  • The American Economic Review
  • Journal of Financial Economics
  • Journal of Political Economy
  • Quarterly Journal of Economics
  • Review of Economic Studies
  • Review of Financial Studies

Self-citations are excluded from this list.

Closely related fields (2011+) 

Leading journals (A+)  

  • Bauer M, Chytilová J, Cassar A, Henrich J (2013) War's Enduring Effects on Egalitarian Motivations and In-Group Biases, Psychological Science, 25(1), 47-57 
  • Bauer M, Cahlíková J, Chytilová J, Želinský T (2018) Social Contagion of Ethnic Hostility, Proceedings of the National Academy of Sciences, 115(19): 4881-4886
  • Filip O, Janda K, Kristoufek L, Zilberman D (2016). Dynamics and evolution of the role of biofuels in global commodity and financial markets. Nature Energy1(12), 16169.
  • Henrich J, Bauer M, Cassar A, Chytilová J, Purzycki BG (2019) War Increases Religiosity, Nature Human Behavior 3(2): 129-135

Highly regarded journals (A)  

  • Červinka M, Kanzow C,  Schwartz A (2016). Constraint qualifications and optimality conditions for optimization problems with cardinality constraints. Mathematical Programming, 160(1-2), 353-377
  • Krištoufek L, Janda K, Zilberman D (2014) Price Transmission between Biofuels, Fuels and Food Commodities, Biofuels, Bioproducts and Biorefining, 8(3), 362-373 
  • Krištoufek L, Janda K, Zilberman D (2016) Co-movements of Ethanol Related Prices: Evidence from Brazil and the USA, GCB Bioenergy, 8(2), 346-356 
  • Krištoufek L (2013). Fractal markets hypothesis and the global financial crisis: wavelet power evidence. Scientific Reports, 3, 2857 
  • Krištoufek L (2013). Can Google Trends search queries contribute to risk diversification?. Scientific Reports, 3, 2713 
  • Krištoufek L (2013). BitCoin meets Google Trends and Wikipedia: Quantifying the relationship between phenomena of the Internet era. Scientific Reports, 3, 3415

Internationally recognized journals (B)  

  • Baruník J, Křehlík T, Vácha L (2016) Modeling and forecasting exchange rate volatility in time-frequency domain. European Journal of Operational Research, 251(1), 329-340 
  • Baruník J, Malinská B (2016) Forecasting the term structure of crude oil futures prices with neural networks. Applied Energy, 164, 366-379 
  • Branda M, Bucher M, Červinka M, Schwartz A (2018) Convergence of a Scholtes-type regularization method for cardinality-constrained optimization problems with an application in sparse robust portfolio optimization. Computational Optimization and Applications70(2), 503-530.
  • Burda M, Prokhorov A (2014) Copula based factorization in Bayesian multivariate infinite mixture models. Journal of Multivariate Analysis, 127, 200-213 
  • Červinka M, Outrata JV, Pištěk M (2014) On stability of M-stationary points in MPCCs. Set-valued and Variational Analysis, 22(3), 575-595 
  • Gregor M, Smith ML (2013) Civic initiatives in the context of legal uncertainty, Journal of Theoretical Politics 25 (1), 36-62 
  • Horváth R, Zeynalov A (2016) Natural resources, manufacturing and institutions in post-Soviet countries. Resources Policy50, 141-148.
  • Janda K, Málek J, Rečka L (2017) Influence of renewable energy sources on transmission networks in Central Europe. Energy Policy, 108, 524-537.
  • Janský P, Křehlík T, Skuhrovec J (2016) Do EU funds crowd out other public expenditures? Evidence on the additionality principle from the detailed Czech municipalities’ data. European Planning Studies24(11), 2076-2095.
  • Krištoufek L (2011) Multifractal height cross-correlation analysis: A new method for analyzing long-range cross-correlations. EPL (Europhysics Letters), 95(6), 68001
  • Krištoufek L (2014) Spectrum-based estimators of the bivariate Hurst exponent. Physical Review E, 90(6), 062802 
  • Krištoufek L (2015) Detrended fluctuation analysis as a regression framework: Estimating dependence at different scales. Physical Review E, 91(2), 022802 
  • Krištoufek L (2015) What are the main drivers of the Bitcoin price? Evidence from wavelet coherence analysis. PLoS ONE, 10(4), e0123923 
  • Krištoufek L (2018) Does solar activity affect human happiness?. Physica A: Statistical Mechanics and its Applications493, 47-53.
  • Krištoufek L, Moat HS, Preis T (2016) Estimating suicide occurrence statistics using Google Trends, EPJ Data Science 5, 32. 
  • Krištoufek L, Skuhrovec J (2012) Exponential and power laws in public procurement markets. EPL (Europhysics Letters), 99(2), 28005 
  • Luňáčková P, Průša J, Janda K (2017) The merit order effect of Czech photovoltaic plants. Energy Policy, 106, 138-147 
  • Pavlíček J,  Krištoufek L (2015) Nowcasting unemployment rates with google searches: Evidence from the visegrad group countries. PloS ONE, 10(5), e0127084 
  • Průša J, Klimešová A, Janda K (2013) Consumer loss in Czech photovoltaic power plants in 2010–2011. Energy Policy, 63, 747-755 
  • Slabá M, Gapko P, Klimešová A (2013) Main drivers of natural gas prices in the Czech Republic after the market liberalisation. Energy Policy, 52, 199-212 

Our publications are also available in the RePEc database. See also a complete list of our publications. The description of our journal ranking system is available here.

CJEF Journal and Working Papers

Journal Rankings

Our journal rankings (version: 26.8.2020)

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