
Michal Franta
Research Coordinator
Research Division, Research and Statistics Department
Fields:
macroeconomics,
monetary economics,
time series econometrics
monetary economics,
time series econometrics
Education: Ph.D. (economics), CERGE-EI, 2010; RNDr. (mathematical modeling), Charles University, 2003
Recent CNB Publications
- Wage-Price Spirals: A Risk-Based Approach, Czech National Bank WP 1/2024 (with J. Vlček)
Selected Publications in Refereed Journals
- The Application of Multiple-Output Quantile Regression to the US Financial Cycle, Econometric Reviews, forthcoming. [MATLAB code]
- Exiting from an Exchange Rate Floor in a Small Open Economy: Balance Sheet Implications of the Czech National Bank’s Exchange Rate Commitment, International Journal of Central Banking, 2022, 18(2), 51-105 (with T. Holub and B. Saxa). [MATLAB code]
- The Likelihood of Effective Lower Bound Events, Macroeconomic Dynamics,2021, 25(8), 2058-2079.
- On the Effects of Macroprudential Policies on Growth-at-Risk, Economics Letters, 2020, vol 196(C) (with L. Gambacorta).
- Tracking Monetary-Fiscal Interactions Across Time and Space, International Journal of Central Banking, 2018, 14(2), 167-227 (with J. Libich and P. Stehlík).
- Rare Shock vs. Non-linearities: What Drives Extreme Events in the Economy? Some Empirical Evidence, Journal of Economic Dynamics and Control, 2017, 75, 136-157.
- The Effect of Non-linearity Between Credit Conditions and Economic Activity on Density Forecasts, Journal of Forecasting, 2016, 35(2), 147-166.
- Are Bayesian Fan Charts Useful? The Effect of Zero Lower Bound and Evaluation of Financial Stability Stress Tests, International Journal of Central Banking, 2014, 10(1), 159-188 (with Jozef Baruník, Roman Horváth and Kateřina Šmídková)
Other Publications
- Exchange Rate as a Tool at the Zero Lower Bound: the Czech case, Czech National Bank RPN 3/2014 (with Tomáš Holub, Petr Král, Ivana Kubicová, Kateřina Šmídková and Bořek Vašíček)
- What We Know About Monetary Transmission in the Czech Republic: Collection of Empirical Results, Czech National Bank RPN 1/2013 (with Oxana Babecká Kucharčuková, Dana Hájková, Petr Král, Ivana Kubicová, Anca Podpiera and Branislav Saxa)
- Identification of Monetary Policy Shocks in Japan Using Sign Restrictions within the TVP-VAR Framework, IMES Discussion Paper Series 11-E-13, Institute for Monetary and Economic Studies, Bank of Japan, 2011.
- Monetary Policy Strategies and Exchange Rate Regimes on the Southern and Eastern Shore of the Mediterranean – Developments and Prospects, in Money in Middle East and North Africa, Routledge Political Economy of the Middle East Series, 2010 (with T. Bracke and J. Stráský).
- Inflation Persistence: Euro Area and New EU Member States, European Central Bank Working Paper 810, 2007 (with B. Saxa and K. Šmídková).