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A Digest of CERGE-EI Research and Events
Located in Prague, CERGE-EI is dedicated to excellence and innovation in economic research and education. Chartered by the State of New York, CERGE-EI is a joint workplace of Charles University and the Czech Academy of Sciences, and is supported by numerous donors.
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| » Journal Articles » Working Papers » Dissertations » At CERGE-EI |
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Selected Journal Articles
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Foreign Exchange Predictability and the Carry Trade: A Decomposition Approach
Stanislav Anatolyev, Nikolay Gospodinov, Ibrahim Jamali, and Xiaochun Liu
A study of the predictability of currency returns. The joint condition distribution of direction and magnitudes of returns is used to forecast future returns. Results have greater accuracy than other forecasting models. Subsequent trading exercises show that the gains are economically and statistically significant when trading individual currencies or forming currency portfolios. Read more
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Effects of Labor Reallocation on Productivity and Inequality: Insights from Studies on Transition
JoannaTyrowicz, Lucas van der Velde, and Jan Švejnar
Does the rapid reallocation of labor affect productivity growth and the level of income inequality? The post-communist economic transition period in Central and Eastern Europe offers a rich source of data for study. The authors’ meta-analysis of job flow estimates finds that reallocation has little impact on productivity but creates short-term increases in income inequality. Read more
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Health Consequences of the Russian Weather
Vladimir Otrachshenko, Olga Popova, and Pavel Solomin
The authors examine the impact of weather conditions on mortality associated with cardiovascular and respiratory failure. Using historical data on different age groups in the Russian population, they find that mortality due to cardiovascular disease in people over 40 increases under hot and cold weather conditions, although for the same age group it decreases under extremely cold weather conditions. Read more
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More journal articles here |
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Selected Working Papers
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Manipulation of Cursed Beliefs in Online Reviews
Ludmila Matysková and Jan Šípek
If you think consumer reviews help you make the best decisions at the supermarket, think again. According to Matysková and Šípek, reviews have the opposite effect. Exploiting self-selection bias, the monopolist manipulates expected product quality and charges higher prices. Additionally, delays in new product adoption and the self-selection of past consumers are not taken into account. Read more
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Treatment-Related Naturalization Premiums in Two European Countries: Evaluation and Comparison
Vahan Sargsyan
Sargsyan compares labor market outcomes of naturalized and non-naturalized immigrants to the outcomes of the native population in France and Denmark, as well as the impact of those countries’ distinct citizenship policies. He finds that high naturalization premiums exist in France, but not in Denmark, which may be connected to the citizenship policy type and to social attitudes towards immigrants. Read more
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Bank Credit, Liquidity Shocks and Firm Performance: Evidence from the Financial Crisis of 2007-2009
Tamara Vovchak
How does the supply of bank credit influence firm performance? Vovchak’s analysis of bank liability structures during the 2007/09 financial crisis reveals that firms whose banks relied most on core deposit finance faced a lower decline in credit and lower reductions in stock returns than those whose banks relied on non-core funding sources. Read more
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| More working papers here |
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Selected Dissertations
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Fairness, Inequality, and Uncertainty
January 2017
Vítězslav Babický
Babický studies attitudes to risk, uncertainty and inequality, drawing on both theory and experiments with dictator and ultimatum games. He finds systematic and intuitive links between attitudes to fairness and risk. Risk-averse individuals are more averse to inequality. He also explores how non-pecuniary motives (reciprocity and risk aversion) influence willingness to contribute to public goods by paying taxes. Read more
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Economics of Innovation
May 2017
Oleg Sidorkin
Sidorkin examines the impact of innovation and management quality on firm performance. Empirical analysis shows that cautious innovation prior to the 2008/2009 economic crisis positively affected firm survival rates, although overly-bold innovation had the opposite outcome. An examination of firm data in Eastern Europe and CIS countries links management quality to both innovation inputs and outputs. Read more
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Economic Impact of Voting and Procurement Rules
September 2016
Jan Palguta
Palguta examines how corruption and exploitation affect public procurement and electoral outcomes. Increased party heterogeneity on public spending committees has positive implications for competition in procurement and the value of spending. His analysis of public procurement exercises reveals that recent reforms purported to increase efficiency have reduced competition and transparency. Read more
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More dissertations here |
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At CERGE-EI
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CERGE-EI Digital Media Center to Commence Construction
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CERGE-EI Enhances Labor, Environmental and Developmental Economics Specializations
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Alumna Michaela Erbenova Appointed IMF Executive Director
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Work begins this summer on construction of a Digital Media Center funded jointly by USAID, the Czech Academy of Sciences and Charles University. This innovative facility will include an 80-seat lecture theater and a recording studio. Lectures, seminars and other events will be streamed live to partner institutions across the region and faculty will be able to interact easily and effectively with media outlets around the world. Read more
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CERGE-EI looks forward to welcoming 2 new Post-Doctoral Fellows this fall. Jose Alpizar (UC Irvine), who specializes in economic inequality, joins us from Gettysburg College. Rhita Simorangkir specializes in environmental and developmental economics and the links with deforestation. Ms. Simorangkir will complete her PhD at Georgia State this summer.
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Congratulations to Michaela Erbenova, one of the first graduates of CERGE-EI, on her appointment as the IMF’s Executive Director for Central & Eastern Europe. “CERGE-EI has given us the tools to succeed against global competition with a first-class education and real experience of living and working in a multicultural environment.” Read more
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