Tomáš Holub
Member of the Board
Fields:
international macroeconomics,
monetary economics
monetary economics
Education: Ph.D. (economics), Charles University in Prague, 2001
Phone: +420 224 412 340
E-mail: tomas.holub@cnb.cz
Personal web: http://ies.fsv.cuni.cz/en/staff/holub
Recent CNB Publications
- Franta, M., Holub, T., Saxa, B. (2018) "Balance Sheet Implications of the Czech National Bank’s Exchange Rate Commitment", Czech National Bank WP 10/2018
- Franta, M., Holub, T., Král, P., Kubicová, I., Šmídková, K., Vašíček, B. (2014) "The Exchange Rate as an Instrument at Zero Interest Rates: The Case of the Czech Republic", Czech National Bank Research and Policy Note 3/2014
- Brůha, J., Hlédik, T., Holub, T., Polanský, J., Tonner, J. (2013) "Incorporating Judgments and Dealing With Data Uncertainty in Forecasting at the Czech National Bank", Czech National Bank Research and Policy Note 2/2013
- Benecká, S., Holub, T., Kadlčáková, N.,L., Kubicová, I. ( 2012) "Does Central Bank Financial Strength Matter for Inflation? An Empirical Analysis", Czech National Bank WP 3/2012
Selected Publications in Refereed Journals
- Franta, M., Holub, T., Saxa, B. (2022) "Exiting from an Exchange Rate Floor in a Small Open Economy: Balance Sheet Implications of the Czech National Bank's Exchange Rate Commitment (external link)". International Journal of Central Banking, 2022, 18(2), 51–105
- Hlédik, T., Holub, T., Král, P. (2016) "The Czech National Bank’s Role since the Global Crisis", Public Finance Quarterly (Hungary), "Focus: New central bank policies", 2016/1, 65-93
- Cincibuch, M., Holub, T., Hurník, J. (2009) "Central Bank Losses and Economic Convergence", Finance a úvěr – Czech Journal of Economics and Finance, 2009, 59 (3), 190-215
- Antal, J., Hlaváček, M., Holub, T. (2008) "Inflation Target Fulfillment in the Czech Republic in 1998-2007: Some Stylized Facts", Finance a úvěr – Czech Journal of Economics and Finance, 2008, 58 (9-10), 406-424
- Holub, T. (2008) "Causes of Deviations from the CNB‘s Inflation Targets: An Empirical Analysis", Finance a úvěr – Czech Journal of Economics and Finance, 2008, 58 (9-10), 425-433
- Holub, T., Hurník, J. (2008)Ten Years of Czech Inflation Targeting: Missed Targets and Anchored Expectations, Emerging Markets Finance and Trade, 2008, 44 (6), 67-86
- Antal, J., Holub, T. (2007) "Exchange Rate Arrangements Prior to Euro Adoption", Acta Universitas Carolinae Oeconomica – Czech Economic Review, 2007, 1 (3), 312-323
- Geršl, A., Holub, T. (2006) "Foreign Exchange Interventions Under Inflation Targeting: The Czech Experience, Contemporary Economic Policy", 2006, 24 (4), 475–491
- Čihák, M., Holub, T. (2005)"Price Convergence in EU-accession Countries", Économie Internationale, 2005, 102, 59-82
- Čihák, M., Holub, T. (2003) "Price Convergence: What Can the Balassa-Samuelson Model Tell Us?", Finance a úvěr, 2003, 53 (7-8), 333-355)
Other Publications
- Al-Mashat, R., Bulíř, A., Nergiz Dinçer, N., Hlédik, T., Holub, T., Kostanyan, A., Laxton, D., Nurbekyan, A., Portillo, R., Wang, H. (2018) "An Index for Transparency for Inflation-Targeting Central Banks: Application to the Czech National Bank (external link)". IMF Working Paper, September 2018, 210/18
- Laxton, D., Wang, H., Clinton, K., Hlédik, T., Holub, T. (2017) "Czech Magic : Implementing Inflation-Forecast Targeting at the CNB (external link)". IMF Working Paper, 2017, 17/21
- Collective of authors (2008–2017) "Analyses of the Czech Republic's Current Economic Alignment with the Euro Area, 2017, 2016, 2015, 2014, 2013, 2012, 2011, 2010, 2009, and 2008" (external link), regular annual volume/book of the Czech National Bank on the economic preparedness of the Czech Republic for the euro adoption
- Frait, J., Holub, T. (2011) "Exchange Rate Appreciation and Negative Central Bank Capital: Is There a Problem?" In Milton, S., and P. Sinclair (eds.) The Capital Needs of Central Banks, Routledge, 2011
- Erbenová, M., Holub, T. (2005) "Czech Trade, Exchange Rate and Monetary Policies in the 1990s". In DRÁBEK, Z. (ed.): Can Regional Integration Arrangements Enforce Trade Discipline? The Story of the EU Enlargement, Palgrave Macmillan, 2005, 113-153
- Čihák, M., Holub, T. (2001) "Convergence of Relative Prices and Inflation in the CEE Countries". IMF Working Paper, 2001, 01/124
Other Information
Awards:
1997 Bolzano Award (Charles University).
2001 Olga Radzyner Award (Oesterreichische Nationalbank).
2002 Czech Minister of Education Award for Outstanding Students and Graduates.
Refereeing:
Grant Agency of the Czech Academy of Sciences, Grant Agency of Charles University, Finance a úvěr - Czech Journal of Economics and Finance, Emerging Markets Finance and Trade, Ekonomický časopis, Comparative Economic Studies, Communist and Post-Communist Studies, Review of Development Economics.
Academic career:
Associate Professor, Institute of Economic Studies, Faculty of Social Sciences, Charles University, Prague.
Professional associations:
Czech Economic Society, Member of the Board (Vice-President in 2004-2005, President in 2006-2007).