Luboš Komárek
Deputy Executive Director
Monetary Department
Fields:
euro adoption,
European economic integration,
financial stability,
fiscal policy,
housing prices,
international macroeconomics,
monetary economics
European economic integration,
financial stability,
fiscal policy,
housing prices,
international macroeconomics,
monetary economics
Education: Ph.D. (economics), Faculty of Economics, VSB-TU Ostrava, the Czech Republic, 2001; M.Sc. (economics), The University of Warwick, the United Kingdom, 2000; Prof. (appointment to a professorship by the President of the Czech Republic for the field of Economics, 2016).
Phone: +420 224 414 491
E-mail: lubos.komarek@cnb.cz
Research Gate: https://www.researchgate.net/profile/Lubos_Komarek
Charles University and Faculty of Economics: http://ies.fsv.cuni.cz/cs/staff/komarek
Technical university Ostrava: http://innet.vsb.cz/cs/kontakty/profil/?person=KOM07/
Recent CNB Publications
- Intraday Dynamics of Euro Area Sovereign Credit Risk Contagion, Czech National Bank WP 4/2016 (with Kristyna Ters and Jörg Urban)
- International Reserves: Facing Model Uncertainty, Czech National Bank WP 3/2014 (with Soňa Benecká)
- Identification of Asset Price Misalignments on Financial Markets with Extreme Value Theory, Czech National Bank WP 14/2013 (with Narcisa Kadlčáková, Zlatuše Komárková and Michal Hlaváček)
- Sources of Asymmetric Shocks: The Exchange Rate or Other Culprits?, Czech National Bank WP 12/2013 (with Michal Skořepa)
- Fiscal sustainability and financial stability, Czech National Bank Financial Stability Report 2012/2013, 2013, 103-112 (pdf, 339 kB) (with Zlatuše Komárková and Vilma Dingová)
- Impacts of housing prices on the financial position of households, Czech National Bank Financial Stability Report 2012/2013, 2013, 120-127 (pdf, 172 kB) (with Jan Brůha and Michal Hlaváček)
Selected Publications in Refereed Journals
- A Complex Approach to House Price Sustainability Assessment: The Case of the Czech Republic. Prague Economic Papers, FORTHCOMING, 2017 (with Hana Hejlová and Michal Hlaváček)
- Foreign Exchange Market Contagion in Central Europe from the Viewpoint of Extreme Value Theory. Prague Economic Papers. FORTHCOMING (with Narcisa Kadlčáková)
- Real Exchange Rates: Are They Dominated by Fundamental Factors? Applied Economic Letters, 2017, FORTHCOMING
- Identification of Asset Price Misalignments on Financial Markets With Extreme Value Theory. Emerging Markets Finance and Trade. No. 11/2016. (with Narcisa Kadlčáková, Zlatuše Komárková and Michal Hlaváček)
- Sources of Asymmetric Shocks: The Exchange Rate or Other Culprits? Economic Systems. No. 6, 2015 (with Michal Skořepa)
- Liquidity Stress Testing with Second-Round Effects: Application to the Czech Banking Sector. Czech Journal of Economics and Finance. 66 (1), 32–49. (with Adam Geršl and Zlatuše Komárková)
- Convergence of returns on Chinese and Russian stock markets with world markets: national and sectoral perspectives. National Institute Economic Review. No. 223, February, 2013, R16-R34 (with Jan Babecký and Zlatuše Komárková)
- Analysis of Sovereign Risk Market Indicators: The Case of the Czech Republic. Czech Journal of Economics and Finance, 62 (1), 2013, 5-24 (with Zlatuše Komárková and Jitka Lešanovská)
- Financial Integration at Times of Financial Instability. Czech Journal of Economics and Finance, 63 (1), 2013, 25-45 (with Zlatuše Komárková and Jan Babecký)
- Does Money Help Predict Inflation? An Empirical Assessment for Central Europe. Economic Systems, 35 (4), December 2011, 523–536 (with Roman Horváth and Filip Rozsypal)
- Monetary Policy in a Small Economy after Tsunami: A New Consensus on the Horizon? Czech Journal of Economics and Finance. 61 (1), 5-33, 2011 (with Jan Frait and Zlatuše Komárková)
- The Classification and Identification of Asset Price Bubbles. Czech Journal of Economics and Finance. 61 (1), 34-48, 2011 (with Ivana Kubicová)
- Regional Analysis of Housing Price Bubbles and their Determinants in the Czech Republic. Czech Journal of Economics and Finance. 61 (1), 67-91, 2011 (with Michal Hlaváček)
- Why Central Bankers Should Disclose Interest Rate Forecast. Czech Journal of Economics and Finance, 57 (11-12), 2007 (with Jan Filáček and Petr Král)
- Transitional appreciation of equilibrium exchange rates and the ERM II. Transition Studies Review, 15 (1), 95-110, 2008 (with Martin Melecký)
- Financial Integration of Stock Markets among New EU Member States and the Euro Area. Czech Journal of Economics and Finance, 57(7-8), 341-362, 2007 (with Jan Babecký and Zlatuše Komárková)
- Monetary Policy and Asset Prices: What Role for Central Banks in New EU Member States? Prague Economic Papers, XVI (1), 3-23, 2007 (with Jan Frait)
- Equilibrium Exchange Rates in the EU New Members: Methodology, Estimation and Applicability to ERM II. Prague Economic Papers, XVI (1), 24-37, 2007 (with Roman Horváth)
- The Behavioral Equilibrium Exchange Rate of the Czech Koruna. Transition Studies Review, 14 (1), 105-121, 2007 (with Martin Melecký)
- Foreign exchange interventions and interest rate policy in the Czech Republic: Hand in glove? Economic Systems, 30 (2), 121-140, 2006 (with Balasz Égert)
- Demand for Money in a Transitional Economy: The Case of the Czech Republic 1993-2001. Eastern European Economics, 42 (5), 2004, 73–94 (with Martin Melecký)
- Currency Substitution in a Transitional Economy with an Application to the Czech Republic. Eastern European Economics, 41 (4), 2003 (with Martin Melecký)
- P-star model. Eastern European Economics, 36 (4), 1998 (with Jan Frait and Lumír Kulhánek)
Other Publications
- Analyses of the Czech Republic's Current Economic Alignment with the Euro Area, 2016, 2015 2014, 2013, 2012, 2011, 2010, 2009, and 2008 (regular annual volume/book of the Czech National Bank on the economic preparedness of the Czech Republic for the euro adoption; collective of authors)
- Money, pricing and bubbles. Series of Advanced Macroeconomic Issues. Faculty of Economics, VSB-TU Ostrava, 2013, p. 185
- Macroprudential Policy in a Small Open Economy. Series of Advanced Macroeconomic Issues. Faculty of Economics, VSB-TU Ostrava, 2013, p. 213 (with Zlatuše Komárková and Jan Frait)
- Will the New Monetary Policy Consensus Work for a Small, Open Economy? Central Banking. May 2011, Vol. XXI, No. 4, 77-88, 2011 (with Jan Frait and Zlatuše Komárková)
Other Information
Awards:
1996 The Best Diploma Thesis (Faculty of Economics, VSB-TU Ostrava)
1997 Young Economist Award, second prize by the Czech Economic Society
1998 Young Economist Award, first prize by the Czech Economic Society
Refereeing:
Grant Agency of the Czech Academy of Sciences, Czech Journal of Economics and Finance, Emerging Markets Finance and Trade, Ekonomický časopis, Politická ekonomie, Prague Economic Papers.
Academic career:
Professor, Faculty of Economics, VSB-TU Ostrava (2007-now); lecturer at University of Economics, Prague (1997-2012) and, professor at Charles University, Faculty of Social Science (2017-now)
Professional associations:
Czech Economic Society, Member of the Board (Vice-President in 2006-2007, President in 2008-2009).