Within the Prague innovation marathon #NakopniPrahu (StartUpPrague), organized by the Municipality of the capital city Prague, 44 registered teams had six months to develop and prepare a pitch of a project, focused on improving the lives of the inhabitants of Prague in several specific areas. Of the eight teams that made it to the finals, the third place was won by three students from IES FSV UK: Marta Batíková, Petr Pham and Jakub Stuchlík, who convinced the jury about the positive impact of their project Knihy na Prahu - Books on the threshold (of Prague). They say that the initial impulse for them to enter the competition came from the Innovation Laboratory, a course that all of them attended in the summer semester at Faculty of Arts.
The main goal of the project is to enable easier and broader access to books and modern technologies to the seniors of Prague.
The target group is used to borrowing books from the library, but often lack quality internet connection, know-how or self-confidence when it comes to borrowing an e-reader, search within the e-catalogue or make a reservation online. In cooperation with the Municipal Library of Prague, the authors of the project will set up a tailor-made service of assisted book-lending and teach the employees of the library how to help the seniors overcome technical, financial and health barriers with a personal approach. The project follows up on MLP’s long term trend of digitizing their books, meaning the seniors can alredy gain access to more than 2000 titles through the e-readers. In the ideal case, more than 3300 seniors will be fully trained to use the e-readers within the project.
The importance of the project and the ways it can improve the life of the seniors should they be denied the standard ways of accessing books, became even more clear when the covid-19 pandemic stroke in the middle of the project development.
The jury therefore also appreciated the flexibility with which the team reacted to the new situation and innovated their original proposal.
The recording of the final evening is available here (Czech language only).
Our colleague, associate professor Tomáš Havránek, is among the signatories of the text "Economic policy under the pandemic: A European perspective", published by VoxEU, a portal which brings out analyses of leading European economists. The main author and initiator of the article is Per Krusell, President of the European Economic Association and a member of the Prize Committee for The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Another Czech representative among the signatories is associate professor Filip Matějka (CERGE-EI).
The recommendations for the post-pandemic times, that the signatories of the article agreed on, include focusing on restoring the economic stability and healthy ties between firms and their employees, customers and input suppliers, rather than long-term goals. They also call for clear communication of the policies to minimise uncertainty, for cooperation across countries, and for a clear and unified strategy in the management of national debts.
Associate professor Havránek also addressed the topic of coronavirus and government measures used in the Czech Republic in a recently published commentary for Hospodářské noviny.
25/06/2020 - Deloitte Outstanding Thesis Award nominations
The Institute of Economic Studies of the Faculty of Social Sciences at Charles University (IES) and Deloitte grant the Deloitte Outstanding Thesis Award (DOT Award) for exceptional Bachelor’s or Master’s Theses defended at IES.
In June 2020, following theses are considered for the award:
- Šimon Appelt: Website Development as a Credence Good: A Field Experiment
- Sergey Bolshakov: Monetary Policy Under Behavioral Expectations: An Empirical Validation of the Heuristic Switching Model
- Alex Vinogradov: Stock-Flow Consistent Macroeconomic Modelling
- Jan Zítek: Capturing the effects of renewable resources on electricity prices: Evidence from the Czech Republic
- Michal Zítek: A Dynamic Approach to Fuel Hedging with Reference to the 2020 International Maritime Organization Regulations
- Kateřina Havelková: Predicting stock market crises using investor sentiment indicators
- Norbert Skákala: Does economic uncertainty spill across countries?
- Renáta Wojnarová: The Effect of M&A on Competitors‘ Performance in China and the US
Examination committees recommend approximately top 10% of the best theses for nomination. Then, program directors (“garanti programů”) decide on the nominations based on the IES thesis grading criteria.
A thesis can be nominated only if the author(s) give(s) consent to provide Deloitte with (i) the thesis, (ii) the supervisor’s and the opponent’s evaluation reports, and (iii) the examination committee’s motivation of their grading decision.
DOT Award winners receive the prize at an annual ceremony held at Deloitte premises typically in September or October. DOT Award winners will be announced at IES homepage.
We are happy to announce that our colleague Ladislav Krištoufek has been promoted by Charles University to the rank of Professor. The promotion is effective since June 17, 2020.
From May 25, 2020 the opening hours of the Opletalova building are as follows:
- Monday – Thursday from 8 AM to 6 PM.
- Friday from 8 AM to 4 PM.
An article of our colleagues Julie Chytilová and Michal Bauer War Increases Religiosity, co-written with Joseph Henrich from Harvard University, Alessandra Cassar from University of San Francisco and Benjamin Grant Purzycki from Max Planck Institute for Evolutionary Anthropology, Leipzig, was published in the Nature Human Behavior, which is a monthly multidisciplinary online-only peer-reviewed scientific journal covering all aspects of human behaviour.
Does the experience of war increase people’s religiosity? Much evidence supports the idea that particular religious beliefs and ritual forms can galvanize social solidarity and motivate in-group cooperation, thus facilitating a wide range of cooperative behaviours including—but not limited to—peaceful resistance and collective aggression. However, little work has focused on whether violent conflict, in turn, might fuel greater religious participation. Here, we analyse survey data from 1,709 individuals in three post-conflict societies—Uganda, Sierra Leone and Tajikistan. The nature of these conflicts allows us to infer, and statistically verify, that individuals were quasirandomly afflicted with different intensities of war experience—thus potentially providing a natural experiment. We then show that those with greater exposure to these wars were more likely to participate in Christian or Muslim religious groups and rituals, even several years after the conflict. The results are robust to a wide range of control variables and statistical checks and hold even when we compare only individuals from the same communities, ethnic groups and religions.
Nordic Tax Research Council has awarded its 2020 article prize to Professor Richard Murphy, City University, London, Associate Professor Petr Janský, Charles University, and Professor Atul K Shah, City University London, for their article "BEPS Policy Failure – The Case of EU Country-By-Country Reporting".
Nordic Tax Journal's Editorial Board elected the article as the best article published in Nordic Tax Journal in 2019.
In the article data disclosed by the financial sector due to the required public country-by-country reporting is analyzed. The purpose was to test whether these data suggest the existence of persistent tax avoidance by banks because of excessive location of profits in tax havens. The authors found evidence for that. However, another important and surprising finding undermined the conclusion. Because of a poor regulation, the banks reported in significant different ways resulting in a poor quality of the data. Therefore the authors recommend a much-improved regulation if further iterations of public-by-public reporting are to be a success.
The article was funded by the European Union’s Horizon 2020 research and innovation program under grant agreement No 727145 - Combating Financial Fraud and Empowering Regulators (COFFERS, http://coffers.eu/).
Following the current resolution of the Government of the Czech Republic, pandemic measures have been further mitigated. This resolution includes the conditions under which students may be present at higher education institutions.
With effect from May 11, 2020, the personal presence of students is only possible if the condition of the presence of a maximum of 15 students in the group is met. This limitation on the number of students does not apply to clinical and practical teaching and training.
At the same time, each student is obliged to provide a written statutory declaration (affidavit) before the first entrance to the FSV UK buildings. Such testimony should declare that one has not exhibited any symptoms of the viral infection COVID-19 (e.g., fever, cough, shortness of breath, sudden loss of taste and smell, etc.) during the past two weeks. After submitting the declaration to a competent authority, the student can stay in FSV premises (only without acute health problems corresponding to a viral infectious disease).
However, at FSV UK, online teaching and distance learning has remained in use until the end of the summer semester. With an exception for those classes where the teacher determines otherwise for urgent reasons.
Download the statutory declaration here
On April 30, 2020, the Government of the Czech Republic approved a new Decree that defines rules for the Czech citizens and foreigners entering the territory of the Czech Republic.
Based on the new Decree, students who had already lived and studied on the territory of the Czech Republic before the state of emergency was declared are obliged to report their arrival immediately after they enter the Czech Republic. They have to report it either via phone or any other remote access to the regional hygienic station respective according to their place of residence and comply with an ordered mandatory 14-day quarantine. Up to 72 hours after the entry it is possible to undergo the PCR test, however, it is necessary to inform the regional hygienic station.
They can also submit PCR testing results certificate upon entry, and thus they are not subjected to ordered mandatory quarantine. However, the students are subject to a free movement limitation within the territory of the Czech Republic for 14 days after entering the Czech territory, with the exception of travel to school (possibly work), necessary travels for the provision of necessities, travel to the doctor, travel for urgent official affairs, travel back to the place of residence or attending funerals. The PCR test is done on their expenses.
Students traveling to the Czech Republic without previous stay or study at the territory of the Czech Republic are as well as Czech citizens traveling back from abroad obliged to inform about their date and manner of entry into the territory of the Czech Republic by remote access set by the Ministry of Foreign Affairs. They are obliged to submit the PCR testing results certificate at the entry and undergo a subsequent PCR testing between the 10th and 14th day after the entry. The PCR test is done on their own expenses. Likewise, all these students are subjected to a free movement limitation within the territory of the Czech Republic for 14 days after entering the Czech territory or undergo mandatory 14day quarantine. In case they do not submit the PCR test upon entry to the country they are not allowed to use public transport or taxi service (including Uber) while traveling to the place of stay in the Czech Republic.
Detailed information on pupils and students entering the territory of the Czech Republic can be found at the Ministery of Interior webpage.
With regard to dynamic changes within coronavirus, it is highly recommended to follow the Ministery of Interior webpage, section COVID-19.
After the ending of the state of emergency, which will most probably be May 17, 2020, foreign nationals whose residence permit expired during the state of emergency are obliged to leave the Czech Republic within 60 days. Detailed information can be found on the MOI webpage.
Traveling across the borders is limited for the duration of the state of emergency. Persons living in the territory of the Czech Republic are allowed to exit the country, and the purpose of the exit will not be checked during the border controls anymore. See detailed information on the MOI webpage.
EconPol Europe, a university network of economic experts, conducted a survey among its members on the expected effects of the COVID-19 pandemic on the economy. Our colleague, professor Evžen Kočenda, took part in the survey on behalf of the Czech Republic. The study is available here.
Study – easing of crisis measures
According to the government resolution of April 23, 2020, no. 455 (and/or 456), with effect from April 27, 2020, the physical presence of students for consultation, examination, and teaching is now permitted up to a maximum of 5 people, and without restriction now only to students in their final year.
This means that from April 27, 2020, all students can participate in pedagogical activities up to a maximum of 5 persons.
We emphasize that continued compliance with necessary hygiene measures is required. The government resolution permits only students without current symptoms of a viral disease to participate in teaching and testing while providing a written statement on the absence of symptoms of viral disease.
Libraries – operation from April 20, 2020
Libraries and reading rooms will be opened as follows: Hollar and Jinonice: Monday, Wednesday, Friday from 9:00 to 16:00 (12:00 - 13:00 lunch break), Opletalova: Tuesday and Thursday from 9:00 to 16:00 (12:00 - 13:00 lunch break).
Opening hours of the Opletalova building:
Monday 8 AM to 2 PM
Tuesday 8 AM to 4 PM
Wednesday 8 AM to 2 PM
Thursday 8 AM to 4 PM
Friday 8 AM to 2 PM
Following the government resolution, dormitories shall fully re-open to students from April 27, 2020. From this day on, students who have availed themselves of the discount on accommodation will be able to return to the dormitories.
The discount will be maintained for the period of April 2020 for students who have availed themselves of the dormitory discount. The full price of accommodation in dormitories shall be reintroduced and charged from May 1, 2020.
The possibility of terminating accommodation contracts without penalty with a reduced notice period of 15 days shall be retained if students avail themselves of this option by May 15, 2020. Applications will be accepted up to the end of April 2020 or the middle of May 2020, with the proviso that applications received at the end of April will result in the termination of the accommodation contract as of May 15, 2020, and applications received by May 15, 2020, will result in the termination of the accommodation contract as of May 31, 2020.
The Kajetánka Refectory is still in operation. Full operation will now be resumed at the Albertov Refectory.
Meals are and will continue to be distributed to the following distribution points:
- U Rotlevů
Other refectories and facilities will be opened up in stages as follows:
- Právnická Buffet – will be open within three days at the request of the PF
- Arnošta z Pardubic Refectory – will be open as required depending on the number of portions sold, particularly at the Právnická Buffet
- The Budeč Refectory will be open as required, depending on the number of portions sold, particularly at Albertov Refectory
- HTF Dispensary – following the agreement with the HTF, this will be open with limited operation from 27 April 2020., and fully open from 4 May 2020
- Canteen at Komenského Dormitory – will be opened as required (no demand yet)
- Na Kotli Canteen (Hradec Králové) – will be open according to the requirements of the faculties
- Šafránkův pavilion Refectory (Plzeň) – will be opened according to the requirements of the Faculty of Medicine in Plzeň
- Lidická Canteen (Plzeň) – will be opened according to the requirements of the Faculty of Law in Plzeň
- LF Buffet and Canteen (Plzeň) – will be opened according to the requirements of the Faculty of Medicine in Plzeň
Operation of buffets – Právnická Buffet, the UHK buffet, Kavárna u Rotlevů, and the CU buffet will resume full operations from May 25, 2020.
/ 24. 4. 2020 /
Our faculty and students have jointed the newly launched international project on a very current topic, the COVID-19 Health System Response Monitor (HSRM). A joint undertaking of the WHO Regional Office for Europe, the European Commission, and the European Observatory on Health Systems and Policies, has been designed in response to the COVID-19 outbreak to collect and organize up-to-date information on how countries are responding to the crisis. It focuses primarily on the responses of health systems but also captures wider public health initiatives, such as economic measures and consequences. Our colleagues and students are listed among the contributors to this project.
20/04/2020 - Scheduled shutdown of servers
From Saturday, April 25 to Sunday, April 26, the FSV UK servers will be under a maintenance shutdown.
We apologize for any inconvenience caused.
Thank you for your understanding.
An article of our colleagues Milan Ščasný and Olha Khymych Response to Extreme Energy Price Changes: Evidence from Ukraine, co-written with Anna Alberini from University of Maryland, was published in the Energy Journal, which is the official bi-monthly journal of the IAEE for papers in energy economics.
Large but temporary price increases are sometimes deployed on days when the demand for electricity is extremely high due to exceptionally warm or cold weather. But what happens when the extreme price changes are permanent? Between January 2013 and April 2016, natural gas and electricity prices in Ukraine increased dramatically (up to 300% of the initial rates). We exploit variation in tariffs over time and across customers to estimate the price elasticity of electricity demand using a panel dataset with monthly meter readings from households in Uzhhorod in Ukraine. The price elasticity of electricity demand is -0.2 to -0.5, with the bulk of our estimates around -0.3. The elasticity becomes up to 50% more pronounced over the first three months since prices change. We find only limited evidence that persons who are attentive about their consumption levels, their bills, or the tariffs are more responsive to the price changes.
Similarly as in previous years, in accordance with the foundation endowment “The Talent of Josef, Marie and Zdeňky Hlávkových" and the relevant contract concluded between this foundation and Czech Technical University in Prague (CTU), 60 places will be reserved for CU students at Hlávkova dormitory this year.
These places are intended for students of doctoral study programs or young academic or research workers who, according to the above-mentioned contract, achieve excellent study or scientific and pedagogical results, are not wealthy, have no flat in Prague and are not entrepreneurs.
It is also possible to submit applications for accommodation concerning students of master's and bachelor's degree programs (in this case it is necessary to prove an excellent benefit by a statement of study obligations, including evaluation).
The number of foreign applicants must not exceed 10% of the number of submitted applications. The rationale (recommendation) of applications must be in line with the principles already mentioned.
Send applications until Friday, April 24, 2020, 12:00 (noon) to the Dean's Secretariat.
The Center for Economic Research and Graduate Education – Economics Institute (CERGE-EI) invites Bachelor students to submit proposals to the New Economic Talent competition.
The deadline for submitting applications has been postponed until 30 April.
The competition is open to Bachelor's students (full-time or part-time) in any field, who are interested in contemporary economic issues and wish to understand better the forces and processes that ‘shape the world’.
The competition is international, has two rounds, and its working language is English. Applicants submit a Bachelor thesis proposal (1-2 pages) to the first round.
Selected finalists present their proposals at CERGE-EI, Prague, in the second round. The topic of the paper can be in macroeconomics, microeconomics, applied economics, or finance. Proposals will be judged based on originality, substance, analytical nature, and clarity of writing.
Prize for the winner consists of 2,000 USD.
Deadline for submissions is 30 April, 2020.
Papers and abstracts should be sent to firstname.lastname@example.org
Further details can be found at www.cerge-ei.cz/talent
Institute of Economic Studies (IES)
- deadline for submission of bachelor's and master's theses remains on May 7, 2020,
- deadline for fulfilling all the study obligations remains on May 29, 2020.
The range of summer exams for the state final examinations will be further specified in connection with the April decision of the Academic Senate of the Charles University regarding the proposed amendment of the Study and Examination Regulations of Charles University.
The date of submission of final theses and applications for the autumn state final examinations and the fulfillment of study obligations remains unchanged for all institutes (31 July 2020).
For the latest information, please follow FSV UK website.
If you have questions about the coronavirus, write to email@example.com or call to +420 224 491 850 (Monday–Thursday 8:00–17:00, Friday 8:00–16:00).
Official contact person for students is Lukas Budin +420 222 112 254 (firstname.lastname@example.org).
Information for exchange and visiting students can be found here. Please contact our international office's coordinators in case you wish to return home and cancel your mobility:
- Erasmus students: email@example.com
- Inter-faculty, Inter-government, ICM etc.: firstname.lastname@example.org
Read more on the international office page.
Current measures of CU and FSV UK on the current situation /16. 3./
In connection with Resolution of the Government of the Czech Republic no. 215/2020 Coll., dated 15 March 2020, on the adoption of crisis measures prohibiting the free movement of people on the territory of the Czech Republic, Charles University’s rector announces the following:
Teaching and presence in the workplace
All pedagogical activities are allowed only by distance form. With effect from Monday 16 March 2020 from 16.00 (4 PM) to Tuesday 24 March 2020 inclusive (or until the revocation of the crisis measures stated above), any form of individual instruction, including individual consultations, individual examinations, and state examinations, is prohibited (including rigorous and doctoral examinations).
With effect from 0.00 (midnight) on 17 March 2020 all CU buildings shall be closed and access shall be granted only to employees and students under conditions set by the dean of the relevant faculty of director of the CU constituent part with respect to ensuring the performance of tasks essential to the operation of CU. In the case of the continuation of activities at individual workplaces, we ask all employees to respect the increased hygiene requirements and to behave responsibly both to those around them and to themselves.
FSV UK students are not allowed to enter our buildings until Tuesday 24 March 2020 until further notice. The ban does not apply to doctoral students who are also employed at FSV UK. The staff of FSV UK is available on e-mails and telephones - office hours of individual departments will be gradually published. The directors of individual institutes are responsible for trouble-free contactless consultations and teaching.
International students and employees
The instructions contained in Rector's memorandum of 13 March 2020 remain in force. The arrival of students from abroad, or international students, if they are permitted to enter the Czech Republic, shall be dealt with on an individual basis. International students should contact the representative offices of their own countries for a possible exemption from travel bans.
Student residences shall continue to operate.
Once again, we call on all students in accommodation at residences to not gather, to comply with strict hygiene rules, and to behave in a responsible manner both to themselves and to others. We realize that the situation faced by students in residences will be complicated in the next few days, but we believe that calm, conscious behaviour shall help us to manage the situation together.
In the event that quarantine measures are adopted in rooms or parts of residences, those who are in quarantine must strictly comply with all measures introduced and all conditions of quarantine.
With effect from Tuesday, March 17, 2020, only the Kajetánka Refectory shall be in operation (they offer cooked food).
Food shall be delivered to the following dispensing points:
- U Rotlevů
The Snídárna at the Komenského Student Residence shall remain in operation. Discussions on continuing the operation of refectories and dispensing points in Pilsen and Hradec Králové are ongoing. Operation in all buffets shall cease.
On Wednesday, March 18, 2020, the number of meals will be evaluated and further reductions can be made.
UK Point, Centrum Carolina advisory centre, Hostivař sport complex and training centres
UK Point, the Centrum Carolina advisory centre, the Hostivař sport centre and training centres are closed.
Card dispensing points
Card dispensing points are closed with effect from Monday, March 16, 2020 14.00 (2 PM)
On-line support remains functional.
Should you have any issues concerning your password, please follow the instructions on the following website https://ldapuser.cuni.cz/. To contact online support office, click on the link “Resolve problem with Central Authentication Service” in the “Information and instructions” section. It is also possible to invalidate online or subsequently renew the card through Whois.cuni.cz and login cuni.cz/UK-5361.html.
Rectorate of CU
The operation of the Rectorate of Charles University remains secured by means of remote access (electronic communication, telephone connection). Selected fixed lines are redirected to mobile phones of contact staff of the Rectorate of Charles University. The list of redirected fixed lines for individual departments will be posted on Tuesday 17 March on the UK website.
/ 16. 3. 2020 /
In accordance with the Ministry of Health Resolution No. 10676/2020 - 1 / MIN / KAN, the personal presence of students and course participants at classes is prohibited with effect from tomorrow, ie 11/3/2020, regardless of the form of study (full-time, distance and combined).
- With effect from 10/03/2020 from 6 PM (18:00) all ceremonial gatherings (graduations, etc.) at the UK are canceled.
- With effect from 10/03/2020 from 6 PM (18:00) all meetings (conferences and symposia, sporting events and other events) with the expected participation of more than one hundred people are canceled.
- Until further notice, the FSV UK library is closed.
- Until further notice, the International Office remains open according to regular office hours.
However, despite the current measures, we do not want to resign from teaching and education and research activities at Charles University. Teachers and academics will ensure the continuity of the education process through distance learning. The teachers will contact you about the further possibilities of education after receiving the information from the Vice-Dean Krištoufek. We ask the students not to underestimate their studies under the current situation. Individual consultations and individual study controls are not generally canceled.
Currently, there are no plans to alter the schedule of the 2019/2020 academic year. However, if extraordinary measures remain in place longer, changes will be taken to extend classes and the exam period to extend into June and July 2020. We are gauging what constitutes a standard study period (with regards to mandatory fees) and are preparing changes to internal regulations – should they prove necessary.
The Rector’s Sports Day (scheduled for 6 May 2020) has been canceled to allow more time for teaching (if classes resume).
All Charles University students and staff are currently forbidden from traveling abroad, effective immediately and until further notice.
Students returning from – or having traveled through – high-risk areas abroad are required to self-isolate for 14 days and to not come into contact with teachers, other university staff or fellow students. University faculties can modify this requirement in the case of medical students who want to volunteer to help during the crisis, providing they are not returning from a high-risk country where mandatory self-isolation/quarantine is required by the government under the state of emergency resolution.
Faculty deans will ensure that students returning from abroad will have the opportunity to complete the spring semester in the academic year of 2019/2020 so as to continue in their studies next year unhindered. In such cases, block study, or e-courses at partner universities abroad where students are already enrolled can count towards students’ successful completion of the semester.
The Foreign Relations office at the Charles University rectorate has contacted all foreign students studying at Charles University and informed them about developments. For now, foreign students on Erasmus exchange programmes are not required to return to their native countries.
Foreign students at Charles University wishing to end their stay early may apply the “Act of God” clause, which will allow them to draw their stipend from the day of arrival to the day of early departure. There is also the possibility, being discussed with the national bureau for the Erasmus programme in the Czech Republic, the Centre for International Cooperation in Education (DZS), for foreign students to be exempt from returning funds already spent, for example, on accommodation.
Foreign students already studying at Charles University or setting out, are required to respect the same requirements as all other students (described in the rector’s announcement of 10 March 2020).
Other forms of mobility
It will be negotiated that any students who qualified for mobility programmes on offer (Fond mobility, POINT, inter-university contracts, other) who have missed the opportunity to go abroad, will be able to do so at a later date, after the state of emergency is lifted and conditions are suitable again.
Students already abroad under such mobility programmes are recommended to get in touch and remain in contact with the closest local representative office of the Czech Republic and to carefully consider the situation. We leave it up to these students to rationally weight the risks of staying versus returning home (including the mandatory quarantine period) as well as potential risk represented for family members, partners, etc.)
Students who qualified for funding in internal university competitions but were unable to move ahead with their project because of current circumstances will be given priority and top the list next semester or next year once conditions are suitable. Students who began projects but were unable to complete them and already spent some funds, will not be required to return those to the university.
Charles University is ready to try and help any students and staff currently in the United Stated or other countries that have enacted travel bans with Europe, should they request it.
Full-degree students abroad
In the case of foreign full-degree students, the situation is different as some of them can be expected to wish to return to their home countries. Charles University undertakes to provide all help and assistance required to enable foreign students to leave for their home countries. At the same time, however, those students who decide to travel to their home countries have to consider whether and when they will be able or allowed to return to the Czech Republic, especially in the event that the lectures are resumed.
The following refectories remain open:
- University canteens (menza): Albertov (Albertov street), Kajetánka (Radimova stret), Sport (J. Martího street), Na Kotli (Hradec Králové - Na Kotli street), Šafránkův pavilon (Plzeň/Pilsen - Ales Svobody street)
- Counters (výdejna): HTF (Pacovska street, Jinonice building including “buffet”– shortened opening hours - from 8:00 – 14:00, Hvězda (Zvoníčkova street), Lidická (Plzeň/Pilsen - Ales Svobody street)
- Buffet and counter LF (Plzeň/Pilsen)
- Buffet UHK (Hradec Králové)
- Bufet RUK – shortened hours 8:00 – 14:00
- Brunch counter at Komenského dormitories
- Coffee „U Rotlevů“ – standard opening hours 8:00 – 20:00
From March 16, 2020, the following sites will be closed until further notice
- University canteens (menza): Faculty of Law (Prague), Arnošta z Pardubic (Voršilská street), Budeč (Wenzigova street),
- Buffet Faculty of Law
- Student's Club Celetná (Celetna street)
Charles University ID cards
ID pick-up sites at the Faculty of Law and the Faculty of Mathematics and Physics were shut down on March 12.
Pick-up centres in Celetná Street and in Hradec Králové remain open but with modified opening hours: from 10h00 to 14h00. The site in Pilsen is operating without changes.
CU Point chill out zone
The chill out zone at CU Point (Celetná 13, Prague 1) will be closed from March 16 until further notice. Services offered by CU Point for students, applicants, staff, and graduates remain unaffected.
Carolinum Advisory Services
Carolinum Advisory Services are continuing unimpeded.
Hostivař Sports Centre
Hostivař Sports Centre is closed from March 13, 2020 until further notice. All planned events at the centre are hereby cancelled. Compensation for cancelled events will be discussed with the relevant parties next week.
The following training centres will be closed until further notice beginning on March 16, 2020.
- VS Patejdlova bouda
- VS Pec pod Sněžkou (chata VAK)
- VS Albeř
- VS Horní Poříčí
- VS Dobronice
All events planned at the sites named are hereby cancelled, whether training, pedagogical, recreational or otherwise. Booked and paid reservations, including pre-paid meals, will be refunded in full.
tel.: +420 224 491 850
Issued by Rector Tomáš Zima on March 13 at 1PM
Source: CU News.
/ 14. 3. 2020 /
- The building is closed for students.
- We have asked all lecturers to continue with teaching by assigning homeworks and pro-actively sharing literature, presentations and additional documents. When covering course material, we asked them to stick to the original schedule if possible.
- We are considering switching to more intensive distance learning.
- For midterms scheduled in coming weeks, we have asked lecturers to either postpone the exam, cancel the exam, or organize a take-home exam instead (i.e., an open-book exam with a time restriction; solutions to be submitted by email).
- Individual consultations can be scheduled but only via online platforms such as Google Hangout or Skype.
In the current situation, your and our health is our absolute priority.
Updated: March 16, 2020 at 14:00.
Following the announcement of the state of emergency in the Czech Republic, all public libraries have to be closed. Therefore, from Friday, March 13, all branches of Faculty of Social Sciences libraries will be closed until further notice.
In regards to the current situation, all loans from CU libraries will be extended until April 6, 2020, and overdue fees will not accrue during the period from March 11 to April 6, 2020.
Study rooms are closed until further notice.
Students (as well as other members of the academic community) have a wide range of electronic information resources (eResources Portal) available outside the computer network of Charles University. To access online databases and collections of e-journals/e-books you only need to know your login information to the Central Authentication Service (CAS) of Charles University.
In regards to the current situation, all loans from CU libraries will be extended until April 6, 2020, and overdue fees will not accrue during the period from March 11 to April 6, 2020.
For more information on the COVID-19 situation at Charles University, please visit university´s page.
06/03/2020 - Call for IAES Best Undergraduate Paper Award
To encourage undergraduate interest in economic issues, Andrew W. Lo, President and Philippe Martin, Vice President of the International Atlantic Economic Society cordially invite students to compete in the IAES annual Best Undergraduate Paper Award (BUPA) competition on October 2020. The IAES strives to recognize and reward outstanding research conducted by undergraduate students worldwide. Each year, four finalists are selected to present their research orally. The winner receives:
- A handsome commemorative plaque recognizing their accomplishment; and
- Complimentary publication of the paper in the Atlantic Economic Journal.
Special awards and publication opportunities are also available for the 3 finalists.
How to apply? Learn more here.
03/03/2020 - The 2020 edition of our booklet is out!
In the booklet, we present our study programs, research, awards, outreach, policy impact, alumni, and other aspects of the life at the Institute.
Our colleagues, Miroslav Palanský and Petr Janský, have collaborated with the Tax Justice Network, a UK-based non-profit organization, on the new edition of the biennial Financial Secrecy Index. Their work is part of the EU-funded COFFERS project, which ended in January 2020. The Financial Secrecy Index has received widespread coverage in the press around the world (The Guardian, Financial Times, New York Times, Al Jazeera, Le Monde, Spiegel) as well as in Czech media (HN, Lidovky, Aktuálně.cz) and has been very influential in the debates around improving financial transparency, including automatic information exchange, beneficial ownership registers, and country-by-country reporting of multinational corporations. See the full results of the index here.
The Financial Secrecy Index ranks countries based on how intensely the country’s legal and financial system allows foreign individuals and companies to hide and launder money extracted from around the world or to avoid taxation in their home country. The ranking has revealed the Cayman Islands, followed by the United States and Switzerland, as the world’s largest contributors to the problem of financial secrecy. The results show that overall, global financial transparency has improved by around 7 per cent since 2018 when the last edition of the index was published, primarily in the area of international standards and cooperation. A recent IES working paper by our colleagues, Petr Janský and Miroslav Palanský, analysed how financial secrecy has developed over time.
The index has been published biennially since 2009 and the 2020 edition of the index is already its sixth edition. The aim of the index is to score each country’s legal and financial system with a secrecy score on a scale of 0 to 100, where a zero means full transparency and 100 means full secrecy. The country’s secrecy score is then combined with the volume of financial activity conducted in the country by non-residents to calculate how much financial secrecy is supplied to the world by the country.
Charles University is closely monitoring developments regarding the potential spread of the COVID-19 coronavirus, following the latest reports and providing updates.
If you have questions about the coronavirus epidemic, write to email@example.com or call to +420 224 491 850 (Monday–Thursday 9:00–17:00, Friday 9:00–16:00).
In the event that the situation escalates in the Czech Republic, Charles University will promptly follow instructions issued by the authorities.
Recommendation of the Academic Senate of Charles University (AS CU):
The AS CU recommends that students or employees of Charles University who travel from China and North Italy or who have come into close contact with persons infected with the coronavirus to limit any social contact, to stay at home, and not to participate in instruction or work at the university for a period of two weeks, even if they do not have any symptoms of the illness.
The AS CU recommends that, for the necessary period of time, the deans of all CU faculties:
- grant study leave to affected students
- grant work leave to affected employees, which will be assessed as an obstacle to work on the part of the employer, in accordance with Section 208 of the Labour Code.
Students may contact the student affairs department, and employees may contact the HR department of the respective unit of Charles University.
The Czech Republic's Health Ministry has issued a set of basic guidelines in line with those set by the World Health Organisation (WHO) as well as the ECDC in Europe and the CDC in the United States.
Our colleague, Petr Janský, has just published a book "Estimating Illicit Financial Flows: A Critical Guide to the Data, Methodologies, and Findings", co-authored by Alex Cobham, with one of the most prestigious academic publishers, Oxford University Press.
The book is available in print or can be accessed online free of charge.
An article of our colleague Ladislav Krištoufek Bitcoin and its mining on the equilibrium path was published in the Energy Economics, which is the premier field journal for energy economics and energy finance.
Bitcoin as a major cryptocurrency has come up as a shooting star of the 2017 and 2018 headlines. After exploding its price twenty times just in the twelve months of 2017, the tone has changed dramatically in 2018 after major price corrections and increasing concerns about its mining power consumption and overall sustainability. The dynamics and interaction between Bitcoin price and its mining costs have become of major interest. Here we show that these two quantities are tightly interconnected and they tend to a common long-term equilibrium. Mining costs adjust to the cryptocurrency price with the adjustment time of several months up to a year. Current developments suggest that we have arrived at a new era of Bitcoin mining where marginal (electricity) costs and mining efficiency play the prime role. Presented results open new avenues towards interpreting past and predicting future developments of the Bitcoin mining framework and their main possible directions are outlined and discussed here as well.
In accordance with the decision of Prague´s Public Health Office, the Dean of the Faculty of Social Sciences of Charles University informs that any student or teacher who came back from the People's Republic of China is forbidden to attend exams, classes, libraries and study rooms for 14 days after their return. The Dean grants such students a study leave, teachers will be granted home office.
07/02/2020 - JEB143 Cambridge Lectures in Economic History
This course is an unmissable event not only for anyone who wants to understand how history influences the present as well as the future economic development. It is also an unmissable event for anyone who wants to experience how students are taught at one of the best universities in the world.
We are proud to announce the guest lecturers for this term:
- Professor Sheilagh Ogilvie of Faculty of Economics, Cambridge University, who will deliver three lectures called Explaining the Industrial Revolution;
- and Dr. Leigh Shaw-Taylor of Faculty of History, Cambridge University, who will deliver the lectures on the occupational structure of England and Wales and on the regional nature of the Industrial Revolution.
The organizer of the course, doc. Antonie Doležalová, has received the 2019 Arnost of Pardubice Prize for the most innovative teacher at Charles University.
Those who want to attend the course regularly and to also participate in seminars, please enrol through SIS. The first seminar is scheduled for February 20 at 12:20, room 105.
Those who want to visit lectures only, please save the dates:
Wednesday, April 15 and April 22, 12:30-15:20, room 314, Opletalova 26.
For further information, please contact Antonie Doležalová (firstname.lastname@example.org)
We are looking forward to seeing you!
An article of our colleague Tomáš Havránek, co-written with Anna Sokolova from the University of Nevada, Do consumers really follow a rule of thumb? Three thousand estimates from 144 studies say “probably not”, was published in Review of Economic Dynamics, which publishes meritorious original contributions to dynamic economics.
We show that three factors combine to explain the mean magnitude of excess sensitivity reported in studies estimating the consumption response to income changes: the use of macro data, publication bias, and liquidity constraints. When micro data are used, publication bias is corrected for, and households under examination have substantial liquidity, the literature implies little evidence of deviations from consumption smoothing. The result holds when we control for 45 additional variables reflecting the methods employed by researchers and use Bayesian model averaging to account for model uncertainty. The estimates produced by this literature are also systematically affected by the size of the change in income and the chosen measure of consumption.
An article of our colleagues Jozef Baruník and Evžen Kočenda, Total, Asymmetric and Frequency Connectedness between Oil and Forex Markets, was published in The Energy Journal, which publishes a blend of theoretical, empirical and policy related papers in energy economics. Articles published in the Energy Journal provide rigorous and innovative analyses of interest to academics, energy industry professionals, civil servants and regulators, and the financial community such as Wall Street analysts.
We analyze total, asymmetric and frequency connectedness between oil and forex markets using high-frequency, intra-day data over the period 2007-2017. By employing variance decompositions and their spectral representation in combination with realized semivariances to account for asymmetric and frequency connectedness, we obtain interesting results. We show that divergence in monetary policy regimes affects forex volatility spillovers but that adding oil to a forex portfolio decreases the total connectedness of the mixed portfolio. Asymmetries in connectedness are relatively small. While negative shocks dominate forex volatility connectedness, positive shocks prevail when oil and forex markets are assessed jointly. Frequency connectedness is largely driven by uncertainty shocks and to a lesser extent by liquidity shocks, which impact long-term connectedness the most and lead to its dramatic increase during periods of distress.
16/01/2020 - Open Day at IES
We cordially invite all prospective students to the Open Day at the Institute of Economic Studies, which will take place on Friday January 17th 2020. The building will be open from 9 am; the program will begin at 9.15.
For those interested in the English-language BEF program, there will be a possibility to discuss questions with administrators of the program (10.50-11.20 in the lobby). The building at Opletalova street 26, Prague 1, will be freely accessible for the whole day.
Come and ask anything you are interested in. We are looking forward to seeing you!
An article of our colleagues Karel Janda and Ladislav Kristoufek, The relationship between fuel and food prices: Methods, outcomes, and lessons for commodity price risk management, was published in the Annual Review of Resource Economics, which publishes publishes reviews of resource economics covering such topics as agricultural economics, environmental economics, renewable resources, and exhaustible resources.
We critically assess the fuel-food price linkage models both of the structural and of the time series nature with the main attention devoted to the econometric time series literature. We document shifting focus from a relatively straightforward vector autoregressive and error-correction econometric analysis of fuel-food commodity price level co-movement towards inclusion of biodiesel and ethanol prices directly into analysis, towards consideration of both price levels and price volatilities, and towards growing sophistication of econometric methodologies and integration of econometric analysis of price co-movement with theoretical concepts and considerations. The key insight of biofuels price transmission literature is that the price transmission is time and market specific, dynamically evolving with the development of biofuels policies and associated technologies. If one wants to generalize the empirical results of the vast topical literature, the most prominent causal relationships are uncovered coming from crude oil to agricultural commodities and then towards biofuels. The latter, in addition to be mostly influenced by their producing factors, are also usually driven by their complementary fossil fuels. Even though there are also numerous studies not finding any strong connection between biofuels and their feedstock, the literature finding biofuels driving the prices of agricultural commodities up is negligible.
The opening hours of the Opletalova building and the library between Christmas and New Year are as follows:
The IES building will be closed from 23rd December to 31st December 2019.
- Friday 20th December: until 3:00 PM
- The library will be closed on 23rd December 2019 and 1st January 2020.
- Thursday 2nd January: until 4:00 PM
- Friday 3rd January: until 3:00 PM
An international consortium of world-class universities, led by Charles University, will address one of today’s most pressing social and political issue: the environmental crisis induced by climate change. Researchers will develop new economic knowledge to improve climate change adaptation and mitigation policies. The research will notably provide insight in line with the 2030 climate and energy framework of the European Commission.
To execute this project, the European Commission has signed a Grant Agreement for the research project Global Excellence in Modeling Climate and Energy Policies (GEOCEP) on 27 November 2019. This interdisciplinary project connects the frontiers of climate change and energy economics with state-of-the-art natural and social sciences.
Researchers aim to achieve scientific breakthroughs in creating new generations of models enabling a sophisticated economic analysis. “Researchers will utilise a wide range of integrated assessment economic and hybrid models,” says GEOCEP Coordinator Milan Ščasný. “These models include the analysis of social and technological innovations, new business and services models, and the need for flexibility in demand to support the energy transition to a zero-carbon economy. We will analyse consumer and firm behaviour, the impacts on the economy, energy use, the environment, and human health,” adds Ščasný.
Between 2020 and 2024, researchers will travel to deploy a worldwide knowledge network over five continents. They will come from six top research institutions in the European Union and sixteen other prestigious institutions in the rest of the world. Beneficiary institutions include CMCC, ETH Zurich, the London School of Economics, Toulouse School of Economics, and the University of Oxford. Partner institutions include notably the universities of California, Columbia, Harvard, Maryland, Princeton, Stanford, and Yale.
“We are looking forward to having high-quality research scientists coming to Charles University and, the other way around, to send researchers from Prague to high-quality research institutions abroad. We foresee about sixty researchers from Charles University will participate,” says GEOCEP deputy coordinator Karel Janda. “GEOCEP project is relevant not just for researchers directly working on the economics of climate change or energy but also to those whose contributions in economic techniques supporting this project, such as econometric modelling,” Janda adds.
GEOCEP will identify institutional and political obstacles to implementing efficient solutions to control for the global carbon externality. It will investigate an array of effective policies focused on increasing energy efficiency, reducing emissions and related environmental and health externalities, and promoting renewable energy.
Composition of the research consortium
Participating research institutions from the European Union: Charles University (coordinator), Centro Euro-Mediterraneo sui Cambiamenti Climatici, Eidgenössische Technische Hochschule Zürich, Oxford University, the London School of Economics and Political Science, Toulouse School of Economics.
Participating research institutions across the five continents: Columbia University, Harvard University, University of Maryland, Princeton University, Resources for the Future, Stanford University, Massachusetts Institute of Technology, University of California, Yale University, University of Chicago, McGill University, Australian National University, University of Auckland, University of Cape Town, Pontificia Universidad Catolica de Chile, Beihang University.
European policy context
The European Commission has set these targets in its 2030 climate and energy framework: (1) at least 40% cuts in greenhouse gas emissions (from 1990 levels); (2) at least 32% share for renewable energy; and (3) at least 32.5% improvement in energy efficiency.
The Faculty of Social Sciences at Charles University would like to invite all interested students, teachers and parents to an Open Day Event focussed on our undergraduate degree programmes taught in English language. The event will be held on Tuesday, November 26 from 5PM until 7PM in the Hollar Building (Smetanovo nábřeží 6, Prague 1), Room No. 112.
In addition to the two existing undergraduate degree programmes – Bachelor in Economics and Finance and Politics and Philosophy and Economics – it will introduce two brand new programmes to be opened next year: History and Area Studies and Social Sciences.
The detailed programme is available here.
Do you consider studying at universities abroad? Would you like to learn more about the opportunities? Are you interested in practical placements?
Come hear about experience and get advice from students who have already studied abroad!
The first year of the Mobility Fair is taking place on Wednesday, 20th November 2019 between 9 AM to 2 PM in Jinonice Campus.
Please follow the Facebook event for detailed programme and news.
Our colleague Petr Teplý delivered a presentation "Green finance as a seriously taken issue or a PR game?" at the international Green Finance Conference held on 12 November 2019 at the French Embassy in Prague (Petr's presentation is available HERE).
Petr talked about green finance and climate changes in the context of bank risk management and regulation as part of his research. He highlighted that bank capital requirements should also reflect climate-related risks and therefore the recent proposal by the European Commission to grant risk weighting “discounts” for green assets (so called a green supporting factor) could be risky for financial stability of the EU banking sector. Moreover, he also discussed the green bond premium in theory and practice.
Further conference speakers included Mrs. Charlotte Gardes (the French Ministry of Finance), Mr. Martin Račan (the Czech Ministry of Environment), Mr. Frank Sibert (BNP Paribas) and Mr. Nik Černomorský (Deloitte).
Our colleague prof. Evžen Kočenda summarizes the key aspects of privatization in former transition economies in the DICE Report of the Munich IFO Institute, an influential quarterly journal with a wide range of topics, featuring articles on institutional regulations and economic policy measures. The current issue deals with the transition 30 years after the fall of the Iron Curtain.
The article by prof. Evženda Kočenda, Privatization, Firms and Ownership, can be read here.
The current issue of the DICE Report is available from here.