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Top Journal Publications

One of the most important aspects of the CERGE-EI dedication to the achievement of excellence found at leading western institutions is that the CERGE-EI faculty members, students, and researchers publish in top international journals. You can find a list of all impact-factor publications of authors who report affiliations in the Czech Republic here. A recent sample of CERGE-EI top publications can be found below:


Articles in print

Jurajda, S. and Munich, D.: "Admission to selective schools, alphabetically." Economics of Education Review.

Egert, B. and Kocenda, E.: "Time-Varying Synchronization of European Stock Markets." Empirical Economics.
(Downloadable Abstract here) (Journal Homepage here)

Pakos, M.: "Estimating intertemporal and intratemporal substitutions when both income and substitution effects are present: the role of durable goods." Journal of Business & Economic Statistics.

Bena, J. and Jurajda, S.: "Financial Development and Corporate Growth in the EU Single Market." Economica.


2010

Kovac, E., Vinogradov, V. and Zigic, K.: "Technological Leadership and Persistence of Monopoly under Endogenous Entry: Static versus Dynamic Analysis." Journal of Economic Dynamics & Control. Vol. 34, No. 8, August 2010, 1421-1441.
(Downloadable Abstract here) (Journal Homepage here)


Bruha, J. and Podpiera, J.: "Real exchange rates in emerging economies." Economics of Transition.. Vol. 18, No. 3, July 2010, 599-628.
(Downloadable Abstract here) (Journal Homepage here)


Earnhart, D. and Lizal, L: "Effect of Corporate Economic Performance on Firm-Level Environmental Performance in a Transition Economy." Environmental & Resource Economics. Vol. 46, No. 3, July 2010, 303-329.
(Downloadable Abstract here) (Journal Homepage here)


Bauer, M. and Chytilova, J.: "The Impact of Education on Subjective Discount Rate in Ugandan Villages." Economic Development and Cultural Change. Vol. 58, No. 4, July 2010, 643–669.
(Downloadable Abstract here) (Journal Homepage here)


Poghosyan, T. and Poghosyan, A.: " Foreign bank entry, bank efficiency and market power in Central and Eastern European Countries. " Economics of Transition. Vol. 18, No. 3, July 2010, 571-598.
(Downloadable Abstract here) (Journal Homepage here)


Benk, S., Gillman, M. and Kejak, M.: "A banking explanation of the US velocity of money: 1919-2004. " Journal of Economic Dynamics & Control. Vol. 34, No. 4, April 2010, 765-779.
(Downloadable Abstract here) (Journal Homepage here)


Dinga, M. and Munich, D.: "The impact of territorially concentrated FDI on local labor markets: Evidence from the Czech Republic." Labour Economics. Vol. 17, No. 2, April 2010, 354-367.
(Downloadable Abstract here) (Journal Homepage here)


Baghdasaryan, D. and Zigic, K.: "Tariffs, market conduct and government commitment." Economics of Transition. Vol. 18, No. 1, January 2010, 91-122.
(Downloadable Abstract here) (Journal Homepage here)


2009

Rydval, O., Ortmann, A., Prokosheva, S., and Hertwig, R.: "How Certain Is the Uncertainty Effect?" Experimental Economics. Vol. 12, No. 4, December 2009, 473-487.
(Downloadable Abstract here) (Journal Homepage here)


Engelmann, D. and Fischbacher, U.: "Indirect reciprocity and strategic reputation building in an experimental helping game." Games and Economic Behavior. Vol. 67, No. 2, November 2009, 399-407.
(Downloadable Abstract here) (Journal Homepage here)


Kocenda, E. and Poghosyan, T.: "Macroeconomic Sources of Foreign Exchange Risk in New EU Members." Journal of Banking and Finance. Vol. 33, No. 11, November 2009, 2164-2173.
(Downloadable Abstract here) (Journal Homepage here)


Rydval, O., Ortmann, A. and Ostatnicky, M. "Three Very Simple Games and What It Takes to Solve Them." Journal of Economic Behavior & Organization. Vol. 72, No. 1, October 2009, 589-601.
(Downloadable Abstract here) (Journal Homepage here)


Katuscak, P. : "Taxes and executive compensation: evidence from the 1990s." CESifo Economic Studies. Vol. 55, No. 3-4, September-December 2009,. 542-568.
(Downloadable Abstract here) (Journal Homepage here)


Estrin, S., Hanousek, J., Kocenda, E., and Svejnar, J.: "Effects of Privatization and Ownership in Transition Economies." Journal of Economic Literature. Vol. 47, No. 3, September 2009, 699-728.
(Downloadable Abstract here) (Journal Homepage here)


Krueger, A. B. and Maleckova, J.: "Attitudes and Action: Public Opinion and the  Occurrence of International Terrorism." Science. Vol. 325, No. 5947, 18 September 2009, 1534-1536.
(Downloadable Abstract here) (Journal Homepage here)


Kovac, E. and Mylovanov, T.: "Stochastic mechanisms in settings without monetary transfers: The regular case." Journal of Economic Theory. Vol. 144, No. 4, July 2009, 1373-1395.
(Downloadable Abstract here) (Journal Homepage here)


Jurajda, S. and Paligorova, T.: "Czech female managers and their wages." Labour Economics. Vol. 16, No. 3, June 2009, 342-351.
(Downloadable Abstract here) (Journal Homepage here)


Engelmann, D. and Grimm, V.: "Bidding behaviour in multi-unit auctions – an experimental investigation." Economic Journal. Vol. 119, No. 537, April 2009, 855-882.
(Downloadable Abstract here) (Journal Homepage here)


Jurajda, S. and Terrell, K.: "Regional Unemployment and Human Capital in Transition Economies.Economics of Transition. Vol. 17, No. 2, April 2009, 241-274.
(Downloadable Abstract here) (Journal Homepage here)


Hanousek, J., Kocenda, E., and Svejnar, J.: "Divestitures, Privatization and Corporate Performance in Emerging Markets.Economics of Transition. Vol. 17, No. 1, January 2009, 43-73.
(Downloadable Abstract here) (Journal Homepage here)


2008

Kocenda, E., Hanousek, J., and Engelmann, D.: "Currencies, competition, and clans." Journal of Policy Modeling, Vol. 30, No. 6, November-December 2008, 1115-1132.
(Downloadable Abstract here) (Journal Homepage here)


Bohacek, R.: "Efficiency-equality trade-off of social insurance." Macroeconomic Dynamics. Vol. 12, No. 5, November 2008, 619-640.
(Downloadable Abstract here) (Journal Homepage here)


Ortmann, A. 2008. "Prospecting neuroeconomics." Economics and Philosophy, Vol. 24, No. 3, November 2008, 431-448.
(Downloadable Abstract here) (Journal Homepage here)


Hertwig, R. and Ortmann, A.: "Deception in social psychological experiments: two misconceptions and a research agenda." Social Psychology Quarterly, Vol. 71, No. 3, September 2008, 222-227.
(Downloadable Abstract here) (Journal Homepage here)


Steiner, J. "Coordination of mobile labor." Journal of Economic Theory, Vol. 139, No. 1, March 2008, 25-46.
(Downloadable Abstract here) (Journal Homepage here)


Krajc, M. and Ortmann, A.: "Are the unskilled really that unaware? An alternative explanation." Journal of Economic Psychology. Vol. 29, No. 5, November 2008, 724-738.
(Downloadable Abstract here) (Journal Homepage here)


Jurajda, S. and Terrell, K.: "Job reallocation in two cases of massive adjustment in Eastern Europe." World Development. Vol. 36, No. 11, November 2008, 2144-2169.
(Downloadable Abstract here) (Journal Homepage here)


van Koten, S. and Ortmann, A.: "The unbundling regime for electricity utilities in the EU: a case of legislative and regulatory capture?" Energy Economics, Vol. 30, No. 6, November 2008, 3128-3140.
(Downloadable Abstract here) (Journal Homepage here)


Benk, S. , Gillman, M. and Kejak, M.: "Money velocity in an endogenous growth business cycle with credit shocks." Journal of Money Credit and Banking, Vol. 40, No. 6, September 2008, 1281-1293.
(Downloadable Abstract here) (Journal Homepage here)


Jeong, B., Kejak, M. and Vinogradov, V.: "Changing compositon of human capital: the Czech Republic, Hungary and Poland." Economics of Transition, Vol. 16, No. 2, April 2008, 247-271.
(Downloadable Abstract here) (Journal Homepage here)


Gupta, N. , Ham, J. C. and Svejnar, J.: "Priorities and sequencing in privatization: evidence from Czech firm panel data." European Economic Review, Vol. 52, No. 2, February 2008, 183-208.
(Downloadable Abstract here) (Journal Homepage here)


Poghosyan, T. , Kocenda, E. and Zemcik, P.: "Modeling foreign exchange risk premium in Armenia." Emerging Markets Finance and Trade, Vol. 44, No. 1, February 2008, 41-61.
(Downloadable Abstract here) (Journal Homepage here)


Ryvkin, D. and Ortmann, A.: "The Predictive Power of Three Prominent Tournament Formats." Management Science, Vol. 54, No. 3, March 2008, 492-504.
(Downloadable Abstract here) (Journal Homepage here)


Bohacek, R. and Kapicka, M.: "Optimal human capital policies." Journal of Monetary Economics. Vol. 55, No. 1, January 2008, 1-16.
(Downloadable Abstract here) (Journal Homepage here)


Hertwig, R. and Ortmann A.: "Deception in Experiments: Revisiting the Arguments in Its Defense." Ethics & Behavior, Vol. 18, No. 1, January 2008, 59-92.
(Downloadable Abstract here) (Journal Homepage here)


2007

Earnhart, D. and Lizal, L.: "Direct and Indirect Effects of Ownership on Firm-Level Environmental Performance." Eastern European Economics. Vol. 45, No. 4, July-August 2007, 66-87.
(Downloadable Abstract here) (Journal Homepage here)


Devetag, G. and Ortmann, A.: "When and why? A critical survey on coordination failure in the laboratory." Experimental Economics, Vol. 10, No. 3, September 2007, 331-344.
(Downloadable Abstract here) (Journal Homepage here)


Bohacek, R. and Mendizabal, H. R.: "Credit Markets and the Propagation of Monetary Policy Shocks." Journal of Money, Credit, and Banking. Vol. 39, No. 6, September 2007, 1429-1455.
(Downloadable Abstract here) (Journal Homepage here)


Munich, D. and Svejnar, J. : "Unemployment in East and West Europe.Labour Economics. Vol. 14, No. 4, August 2007, 681-94.
(Downloadable Abstract here) (Journal Homepage here)


Chen, Y., Katuscak, P. and Ozdenoren, E.: "Sealed bid auctions with ambiguity: theory and experiments." Journal of Economic Theory. Vol. 136, No. 1, September 2007, 513-535.
(Downloadable Abstract here) (Journal Homepage here)


Kazakova, E.: "Wages in a growing Russia: when is a 10 per cent rise in the gender wage gap good news?" Economics of Transition, Vol. 15, No. 2, April 2007, 365–392.
(Downloadable Abstract here) (Journal Homepage here)


Jurajda, S. and Harmgart , H.: "When do female occupations pay more?" Journal of Comparative Economics, Vol. 35, No. 1, March 2007, 170-187.
(Downloadable Abstract here) (Journal Homepage here)


Noguera, J. and Pecchenino, R: "OPEC and the international oil market: can a cartel fuel the engine of economic development?" International Journal of Industrial Organization, Vol. 25, No. 1, February 2007, 187-199.
(Downloadable Abstract here) (Journal Homepage here)


Blume, A. and Ortmann, A.: "The effects of costless pre-play communication: experimental evidence from games with Pareto-ranked equilibria." Journal of Economic Theory, Vol. 132, No. 1, January 2007, 274-290.
(Downloadable Abstract here) (Journal Homepage here)


Hanousek, J., Kocenda, E., and Svejnar, J.: "Origin and concentration: corporate ownership, control and performance in firms after privatization." Economics of Transition, Vol. 15 No. 1, January 2007, 1-31.
(Downloadable Abstract here) (Journal Homepage here)


2006

Kocenda, E. and Valachy, J.: "Exchange rate volatility and regime change: Visegrad comparison." Journal of Comparative Economics, Vol. 34, No. 4, December 2006, 727-753.
(Downloadable Abstract here) (Journal Homepage here)


Bohacek, R.: "Financial constraints and entrepreneurial investment." Journal of Monetary Economics, Vol. 53, No. 8, November 2006, 2195-2212.
(Downloadable Abstract here) (Journal Homepage here)


Hanousek, J. and Palda, F.: "Problems measuring the underground economy in transition." Economics of Transition, Vol. 14, No. 4, October 2006, 707-718.
(Downloadable Abstract here) (Journal Homepage here)


Noguera, J. and Linz, S. J.: "Barter, credit and welfare: a theoretical inquiry into the barter phenomenon in Russia." Economics of Transition, Vol. 14, No. 4, October 2006, 719-745.
(Downloadable Abstract here) (Journal Homepage here)


Earnhart, D., Lizal, L.: "Effects of ownership and financial status on corporate environmental performance." Journal of Comparative Economics, Vol. 34, No. 1, March 2006, 111-129.
(Downloadable Abstract here) (Journal Homepage here)


Gilbert, S., Zemcik, P.: "Who's afraid of reduced-rank parameterizations of multivariate models? Theory and example." Journal of Multivariate Analysis, Vol. 97, No. 4, Apr 2006, 925- 945.
(Downloadable Abstract here) (Journal Homepage here)


2005

Benk, S., Gillman, M. and Kejak, M.: “A Comparison of Exchange Economies within a Monetary Business Cycle.” Manchester School. Vol. 73, No. 4, Special Issue 2005, 542-62.
(Downloadable Abstract here) (Journal Homepage here)


Slemrod, J. and Katuscak, P.: “Do Trust and Trustworthiness Pay Off?” Journal of Human Resources, Vol. 40, No. 3, Summer 2005, 621-646.
(Downloadable Abstract here) (Journal Homepage here)


Lodewijks, J.: "The ET Interview: Professor Jan Kmenta", Econometric Theory, Vol. 21, No. 3, 2005, 621-645.
(Downloadable Abstract here) (Downloadable Interview here)


Gilbert, S. and Zemcik, P.: “Testing for Latent Factors in Models with Autocorrelation and Heteroskedasticity of Unknown Form.” Southern Economic Journal, Vol. 72, No. 1, July 2005, 236-52.
(Downloadable Abstract here) (Journal Homepage here)


Rydval, O. and Ortmann, A.: “Loss Avoidance as Selection Principle: Evidence from Simple Stag-Hunt Games.” Economics Letters, Vol. 88, No. 1, July 2005, 101-07.
(Downloadable Abstract here) (Journal Homepage here)


Benk, S., Gillman, M., Kejak, M., "Credit shocks in the financial deregulatory era: Not the usual suspects", Review of Economic Dynamics, Vol. 8, No. 3, July 2005, 668–687.
(Downloadable Abstract here) (Journal Homepage here)


Munich, D., Svejnar, J., and Terrell, K. "Is women’s human capital valued more by markets than by planners?", Journal of Comparative Economics, Vol. 33, No. 2, June 2005, 278-299.
(Downloadable Abstract here) (Journal Homepage here)


Basu, S., Estrin, S., and Svejnar, J.: "Employment Determination in Enterprises under Communism and in Transition: Evidence from Central Europe." Industrial and Labor Relations Review, Vol. 58, No. 3, Apr. 2005, 353-369.
(Downloadable Abstract here) (Journal Homepage here)


Gillman, M. and Kejak, M.: “Contrasting Models of the Effect of Inflation on Growth.” Journal of Economic Surveys, Vol. 19, No. 1, February 2005, 113-36.
(Downloadable Abstract here) (Journal Homepage here)


Tyran, J.R. and Engelmann, D.: “To Buy or Not to Buy? An Experimental Study of Consumer Boycotts in Retail Markets.” Economica, Vol. 72, No. 285, February 2005, 1-16.
(Downloadable Abstract here) (Journal Homepage here)


Munich, D., Svejnar, J., and Terrell, K. "Returns to Human Capital from the Communist Wage Grid to Transition: Retrospective Evidence from Czech Micro Data", Review of Economics and Statistics, Vol. 87, No. 1, February 2005, 100-123.
(Downloadable Abstract here) (Journal Homepage here)


Slobodyan, S.: “Indeterminacy, Sunspots, and Development Traps.” Journal of Economic Dynamics and Control, Vol. 29, No. 1-2, January 2005, 159-85.
(Downloadable Abstract here) (Journal Homepage here)


Babetskii, I.: “Trade Integration and Synchronization of Shocks: Implications for EU Enlargement.” Economics of Transition, Vol. 13, No. 1, January 2005, 105-38.
(Downloadable Abstract here) (Journal Homepage here)


Gillman, M. and Kejak, M.: ” Inflation and Balanced-Path Growth with Alternative Payment Mechanisms”, Economic Journal, 115, 500, January 2005, 247–270
(Downloadable Abstract here) (Journal Homepage here)


2004

Babetskaia-Kukharchuk, O. and Maurel, M.: “Russia's Accession to the WTO: The Potential for Trade Increase.” Journal of Comparative Economics, Vol. 32, No. 4, December 2004, 680-99.
(Downloadable Abstract here) (Journal Homepage here)


Rydval, O. and Ortmann, A.: “How Financial Incentives and Cognitive Abilities Affect Task Performance in Laboratory Settings: An Illustration” Economics Letters, Vol. 85, No. 3, December 2004, 315-20.
(Downloadable Abstract here) (Journal Homepage here)


Hanousek, j. and Filer, R.K.: “Consumers' Opinion of Inflation Bias Due to Quality Improvements.” Economic Development and Cultural Change, Vol. 53, No. 1, October 2004, 235-54.
(Downloadable Abstract here) (Journal Homepage here)


Engelmann, D., and Strobel, M.: “Inequality Aversion, Efficiency, and Maximum Preferences in Simple Distribution Experiments.” American Economic Review, Vol. 94, No. 4, September 2004, 857-69
(Downloadable Abstract here) (Journal Homepage here)


Gillman, M., Kejak, M.: "The Demand for Bank Reserves and Other Monetary Aggregates." Economic Inquiry, 42, 3, July 2004, 518-533
(Downloadable Abstract here) (Journal Homepage here)


Babetskii, Ian, Boone, L. and Maurel, M.: “Exchange Rate Regimes and Shocks Asymmetry: The Case of the Accession Countries.” Journal of Comparative Economics, Vol. 32, No. 2, June 2004, 212-29.
(Downloadable Abstract here) (Journal Homepage here)


Ortmann A, and Ostatnicky M.: “Proper experimental design and implementation are necessary conditions for a balanced social psychology.” Behavioral and Brain Sciences, Vol. 27, No. 3, June 2004, 352-353.
(Downloadable Abstract here) (Journal Homepage here)


Hanousek, J. and Palda, F.: “Quality of Government Services and the Civic Duty to Pay Taxes in the Czech and Slovak Republics, and Other Transition Countries.” Kyklos, Vol. 57, No. 2, May 2004, 237-52.
(Downloadable Abstract here) (Journal Homepage here)


Hanousek, J., Filer, R.K.: " Investment, Credit Rationing, and the Soft Budget Constraint: What Would a Well-Functioning Credit Market Look Like?" Economics Letters, 82, 3, March 2004, 385-390
(Downloadable Abstract here) (Journal Homepage here)




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