Position: Ph.D. Candidate
Field of interest: New Keynesian DSGE models
Membership: Doctoral students - temporarily interrupted study, European Economic Integration and Economic Policy
Contact
Office:
Email: svacinadavid [AT] gmail [DOT] com
Phone: +420 775 221 837
Available: by appointment
More information
PhD study
Tutor: prof. Roman Horváth Ph.D.
Studying from: 2015
PhDr examination:
Final exam:
Dissertation Proposal defence:
Dissertation defence:
Current work:
Dissertation topic:
Current policy issues through the lens of DSGE models
Disertation abstract:
In my thesis I will use dynamic stochastic general equilibrium models, known as DSGE models, in three areas. In the first one, I will estimate impact of Czech National Bank's foreign exchange interventions in November 2013. In previous literature, interventions mainly serve to keep exchange rate fixed and authors investigate how this changes propagation of various exogenous shocks. On the contrary, I focus on the interventions as an instrument for devaluation and how this consequently affects GDP growth and inflation. I will use model of Brzoza-Brzezina et al. (2014), as in my diploma thesis, but I will adjust it in multiple ways: e.g., export sector that uses domestic production but also imports; removal of collateral constraint and modeling of all agents as optimizing according to Euler equation.
In the second area, I will estimate for the Czech Republic, Poland, and Hungary impact of eurozone membership during the recent crisis and for the Slovak Republic impact of not being eurozone member during the crisis. In particular, I will consider the main macroeconomic aspects of membership: fixed exchange rate to euro and interest rate determined by European Central Bank. Previous research considers mainly ex-ante impacts, with the most notable exception being Brzoza-Brzezina et al. (2014) that estimates ex-post impacts during the crisis for Poland. Core of my model will be the same as in the previous area.
In the third area, I will use surveys of consumer confidence or expectations of firms about their future sales as observable variables in DSGE model to improve its forecasting ability. Methodology will be based upon Angeletos et al. (2014) and related literature, which beside standard, fundamental exogenous shocks incorporates also non-fundamental shocks; for example, expectations of heterogeneous firms about output of other firms lead through strategic complementarity to aggregate fluctuations.
Optional courses:
2015/16 WS: JED414 - Quantitative Methods I
2015/16 SS: JED415 - Quantitative Methods II
2016/17 WS: JED414 - Quantitative Methods I
2016/17 SS: JED415 - Quantitative Methods II
CV
Education
2015+: Ph.D., Economics, Charles University in Prague
2013 - 2015: Mgr. (M.A. equivalent), Economic Theory, Charles University in Prague
2008 - 2013: Bc. (B.A. equivalent), Economic Theories, Charles University in Prague
Job history
2015/16 WS: Teaching Assistant, JEM143 - New Keynesian DSGE Modeling
2015/16 SS: Teaching Assistant, JEM113 - Microeconomics of Banking
2016/17 WS: Teaching Assistant, JEM184 - New Keynesian DSGE Modeling
2016/17 SS: Teaching Assistant, JEB109 - Econometrics I
2017/18 WS: Teaching Assistant, JEM184 - New Keynesian DSGE Modeling
Awards and prizes
2015 - Karel Englis Prize by the Czech Economic Society (best paper in category Czech economic policy)
2013 - B.A. with distinction from the Dean of the Faculty of Social Sciences for an extraordinarily good bachelors diploma thesis.
Topics for supervision
Master theses
New Keynesian DSGE models
