Working papers

Working papers

2023

24 - Good vs. Bad Volatility in Major Cryptocurrencies: The Dichotomy and Drivers of Connectedness
 

23 - The Heterogeneous Effects of Social Cues on Day Time and Night Time Electricity Usage, and Appliance Purchase: Evidence from a Field Experiment in Armenia
 

22 - Graph Theory Approach to Prices Transmission in the Network of Commonly Used Liquid Fuels
 

21 - Impact of Raw Material Price Volatility on Returns in Electric Vehicles Supply Chain
 

20 - Effects of Government Interventions on Bank Performance
 

19 - Publication Bias and Model Uncertainty in Measuring the Effect of Class Size on Achievement

 

18 - Determinants of Financial Inclusion in Africa and OECD Countries

 

17 - Meta-Analyses of Partial Correlations Are Biased: Detection and Solutions
 

16 - Method Versus Cross-Country Heterogeneity in the Exchange Rate Pass-Through
 

15 - Does Monetary Policy Reinforce the Effects of Macroprudential Policy

 

14 - Drivers of Private Equity Activity across Europe: An East-West Comparison

 

13 - Fiscal Consequences of Corporate Tax Avoidance

 

12 - Public Procurement and Tax Havens

 

10 - Beauty and Productivity in Academic Publishing
 

8 - Distributional Effects of Exchange Rate Depreciations: Beggar-Thy-Neighbour or Beggar-Thyself?
 

7 - The Impact of Regulatory Change on Hedge Fund Performance
 

6 - Does Heat Cause Homicides? A Meta-Analysis
 

4 - Effects of Corporate Transparency on Tax Avoidance: Evidence from Country-by-Country Reporting
 

3 - Concurrent Business and Distribution Strategy Planning Using Bayesian Networks
 

2 - Ex-Prisoners and the Labour Market in the Czech Republic
 

1 - Are Estimates of the Impact of Shareholder Activism Published Selectively?
 

 

2022

33 - Determinants of the Duration of Economic Recoveries: The Role of ’Too Much Finance’
 

32 - Assessment of the Impact of Agricultural Support on Crop Diversity
 

31 - Impact of Biofuels on U.S. Retail Gasoline Prices: A Systematic Literature Review
 

30 - Revenue losses from corporate tax avoidance: estimations from the UNU-WIDER Government Revenue Dataset
 

29 - New Estimate of the Elasticity of Marginal Utility of Consumption for Europe: Implications for the Social Discount Rate
 

28 - Financial Impact of Trust and Institutional Quality around the World
 

27 - Financial Incentives and Performance: A Meta-Analysis of Economics Evidence
 

26 - Skill-bias and Wage Inequality in the EU New Member States: Empirical Investigation
 

25 - Non-Linearity between Price Inflation and Labor Costs: The Case of Central European Countries
 

24 - Using Macro-Financial Models to Simulate Macroeconomic Developments During the Covid-19 Pandemic: The Case of Albania
 

23 - Income Elasticity for Animal-Based Protein and Food Supply
 

22 - Trade Networks in Main Czech Export Categories
 

21 - Macroeconomic Implications of Oil-Price Shocks to Emerging Economies: A Markov Regime-Switching Approach
 

20 - Green Bond Premiums in the Chinese Secondary Market
 

19 - On Empirical Challenges in Forecasting Market Betas in Crypto Markets
 

18 - Exchange Rates and the Speed of Economic Recovery: The Role of Financial Development
 

17 - Do EU-Wide Stress Tests Affect Insurers’ Dividend Policies?
 

16 - How Firms Survive in European Emerging Markets: A Survey
 

15 - Hedge Fund Performance: A Quantitative Survey
 

14 - People Are Less Risk-Averse than Economists Think
 

13 - The Excess Profits during COVID-19 and Their Tax Revenue Potential
 

12 - How Is the Career Choice of a Medical Speciality Dependent on Gender Inequality in the Region
 

11 - Fiscal Consolidation under Market’s Scrutiny: How Do Fiscal Announcements Affect Bond Yields
 

10 - Acquisition of Costly Information in Data-Driven Decision Making
 

9 - Crime and weather. Evidence from the Czech Republic.
 

8 - Increasing Block Tariff Electricity Pricing and the Propensity to Purchase Dirty Fuels: Empirical Evidence from a Natural Experiment
 

7 - Meta-analysis: Fiscal Multiplier
 

6 - Wealth Survey Calibration: Imposing Consistency with Income Tax Data
 

5 - Price Transmission and Policies in Biofuels-Related Global Networks
 

4 - Yield Curve Dynamics and Fiscal Policy Shocks
 

3 - Robust Portfolio Optimization: A Stochastic Evaluation of Worst-Case Scenarios
 

2 - Impact of Regulatory Changes on Economic Feasibility of Distributed Generation Solar Units
 

1 - Parental Involvement and Education Outcomes of Their Children

 

2021

37 - The Elasticity of Electricity Demand and Carbon Emissions Reductions in the Residential Sector: Evidence from a Tariff Shift in Russia
 

36 - Income tax noncompliance in Germany, 2001-2014
 

35 - Estimating Tax Progressivity in Developing Countries: The Plato Index
 

34 - "Wild" Tariff Schemes: Evidence from the Republic of Georgia
 

33 - Social Costs of Obesity in the Czech Republic
 

32 - Electricity Outages and Health Outcomes of Children: Empirical Evidence from Transition Economy
 

31 - Diversification Among Cryptoassets: Bitcoin Maximalism, Active Portfolio Management, and Survival Bias
 

30 - Media Treatment of Monetary Policy Surprises and Their Impact on Firms’ and Consumers’ Expectations
 

29 - Does the Spillover Index Respond Significantly to Systemic Shocks? A Bootstrap-Based Probabilistic Analysis
 

28 - Student Employment and Education: A Meta-Analysis
 

27 - Increasing Block Rate Electricity Pricing and Propensity to Purchase Electric Appliances: Evidence from a Natural Experiment
 

26 - Illicit Financial Flows and Trade Mispricing: Decomposing the Trade Reporting Gap
 

25 - Impact of EU-wide Insurance Stress Tests on Equity Prices and Systemic Risk
 

24 - Statistical Measurement of Illicit Financial Flows in Sustainable Development Goals: Tax Avoidance by Multinational Corporations
 

23 - Labor Migration in the European Union: The case of Central and Eastern Europe
 

21 - Interest Rate Risk of Savings Accounts
 

20 - Regional Convergence in the European Union: What are the Factors of Growth?
 

19 - Forecasting Sovereign Bond Realized Volatility Using Time-Varying Coefficients Model
 

18 - Inequality in Pre-Industrial Urban Bohemia: The City of Budweis
 

17 - When Does Monetary Policy Sway House Prices? A Meta-Analysis
 

16 - Improving the Corruption Perceptions Index: Additional Data Sources and Their Effects
 

15 - Income Inequality as Long-term Conditioning Factor of Monetary Transmission to Bank Interest Rates in EA Countries
 

14 - Profit Shifting of Multinational Corporations Worldwide
 

13 - An Evaluation of the Effects of the European Commission’s Proposals for the Common Consolidated Corporate Tax Base
 

12 - Who Benefits from Global Value Chain Participation? Does Functional Specialization Matter?
 

11 - Frequency-Dependent Higher Moment Risks
 

10 - Scenario Generation for IFRS9 Purposes using a Bayesian MS-VAR Model
 

9 - Bank Survival Around the World: A Meta-Analytic Review
 

8 - A Practical Proposal to End Corporate Tax Abuse: METR, a Minimum Effective Tax Rate for Multinationals
 

7 - Price Level Targeting with Imperfect Rationality: A Heuristic Approach
 

6 - Currency Depreciations in Emerging Economies: A Blessing or a Curse for External Debt Management?
 

5 - Suspension of Insurers’ Dividends as a Response to the Covid-19 Crisis: Evidence from Equity Market
 

4 - Common Agricultural Policy Beneficiaries: Evidence of Inequality from a New Data Set
 

3 - Elasticity of Marginal Utility of Consumption: The Equal-Sacrifice Approach Applied for the Czech Republic
 

2 - Multi-Horizon Equity Returns Predictability via Machine Learning
 

1 - Foreign Direct Investment in Emerging Markets: Evidence from Russia since the 2000s

 

2020

45 - Trading Volume and Stock Returns: A Meta-Analysis
 

44 - Consistency of Banks' Internal Probability of Default Estimates
 

43 - Estimating Elasticity of Substitution in CES Production Function: Examining Different Nesting Structures and EU Regions
 

42 - Selective Attention in Exchange Rate Forecasting
 

41 - Corporate Effective Tax Rates for Research and Policy
 

40 - Financial Crime and Punishment: A Meta-Analysis
 

39 - Institutions, Financial Development, and Small Business Survival: Evidence from European Emerging Markets
 

38 - The Corporate Tax Haven Index: A New Geography of Profit Shifting
 

36 - Do Women Benefit from Minimum Wages?
 

35 - Macroeconomic Responses of Emerging Market Economies to Oil Price Shocks: Analysis by Region and Resource Profile
 

34 - Estimating the Relationship Between Resource Intensity and Occupational Health and Safety in Kazakhstan
 

33 - Business Cycle Sensitivity of Statutory Health Insurance: Evidence from the Czech Republic
 

32 - Publication and Identification Biases in Measuring the Intertemporal Substitution of Labor Supply
 

31 - A Survey of Empirical Literature on Hedge Fund Performance
 

30 - Was the Georgian Policy Shifting Public Sector Working Hours by One Hour “Family Friendly” and Did It Increase Female Labor Participation?
 

29 - Skilled and Unskilled Labor Are Less Substitutable than Commonly Thought
 

28 - Does Enforcement Of the Rules Against Foreign Bribery Discourage Exports? A Case of the OECD Anti-Bribery Convention
 

27 - Exchange rate misalignments, growth, and institutions
 

26 - Labour Force Participation of Married Woman in Russia
 

25 - Estimating the Social Value of Specific Crop Diversity Conservation Plans: Do Czechs Care More About Conserving Hop, Wine or Fruit Tree Varieties?
 

24 - Peer Effects in Central Banking
 

23 - Premium Price For Natural Preservatives In Wine: A Discrete Choice Experiment
 

22 - Mortality shocks and household consumption: The case of Mexico
 

21 - Country-by-Country Reporting and Other Financial Transparency Measures Affecting the European Union
 

20 - Multinational Corporations’ Effective Tax Rates: Evidence from Orbis
 

19 - The Importance of Retail Trade Margins for Calculating the Carbon Footprint of Consumer Expenditures: A Sensitivity Analysis
 

18 - Beauty and Productivity: A Meta-Analysis
 

16 - Do Rural Banks Matter That Much? Burgess and Pande (AER, 2005) Reconsidered
 

15 - Globalization of Science: Evidence from Authors in Academic Journals by Country of Origin
 

14 - Natural Catastrophes and Financial Development: An Empirical Analysis
 

13 - Credit Rating Downgrade Risk on Equity Returns
 

12 - Using ‘Costs States’ in a Semi-Markov Model to Estimate Cost-Effectiveness with an Illustration for Metastatic HER2+ Breast Cancer in the Czech Republic
 

11 - The Effect of Inpatient User Charges on Inpatient Care
 

10 - Are Exchange Rates Less Important for Trade in a More Globalized World? Evidence for the New EU Members
 

9 - Regional Determinants of Housing Prices in the Czech Republic
 

8 - ECB Monetary Policy and Commodity Prices
 

7 - Time-Varying Pricing of Risk in Sovereign Bond Futures Returns
 

6 - How Puzzling Is the Forward Premium Puzzle? A Meta-Analysis
 

5 - Nowcasting Real GDP Growth: Comparison between Old and New EU Countries
 

3 - Institutional and Other Determinants of the Net Interest Margin of US and European Banks in a Low Interest Rate Environment
 

2 - Are Employment Effects of Minimum Wage the Same Across the EU? A Meta-Regression Analysis
 

1 - Cognitive Bias Mitigation: How to Make Decision-Making Rational?
 

 

2019

41 - The Progress of Global Financial Transparency: Evidence from The Financial Secrecy Index 2009–2018
 

40 - The Costs of Tax Havens: Evidence from Industry-Level Data
 

39 - Decomposing Multinational Corporations’ Declining Effective Tax Rates
 

38 - Impact of Terrorist Incidents on Tourism in Africa, the Middle East, and South Asia: A Dynamic Heterogeneous Panel Approach
 

37 - Partisan Fiscal Policy: Evidence from Central and Eastern Europe
 

36 - Performance Comparison of European Cooperative and Commercial Banks in a Low Interest Rate Environment
 

35 - Remittances and Economic Growth: A Meta-Analysis
 

34 - Decomposition Analysis of Air Pollutants During the Transition and Post-Transition Periods in the Czech Republic
 

33 - Tax Treaties Worldwide: Estimating Elasticities and Revenue Foregone
 

32 - Heterogeneity of Returns to Business R&D: What Does Make a Difference?
 

31 - Multinational Corporations and Tax Havens: Evidence from Country-by-Country Reporting