Michal Kejak

Office address:

CERGE-EI  Center for Economic Research and Graduate Education of Charles University Economics Institute of Academy of Sciences of the Czech Republic  Politickych veznu 7,  CZ-111 21 PRAGUE, CZECH REPUBLIC Phone: (420 2) 240 05 186, (420 2) 242 30 279  Fax: (420 2) 242 27 143  Email: michal.kejak@cerge.cuni.cz

Positions and Affiliations

Current	CERGE-EI: Center for Economic Research and Graduate Education, Charles University, and Economics Institute, Czech Academy of Sciences:
		Director, 2014 – present
		Associate Professor (docent) in Economics with Tenure, CERGE, Charles University, 2007 – present
		Senior Research Worker, Economics Institute, Academy of Science of CR, 2008 - present
Past:		Assistant Professor in Economics, CERGE, Charles University, 1997-2007

Director for Research, CERGE-EI, 2003-2005, 2010 - 2013

Research Worker, Institute for Forecasting, ASCR, 1990-1993

Education

PhD (CSc.)	Czech Technical University, Prague, 1993.
MA, Economics	CEU, State University of New York, 1993.
MSc, Technical Cybernetics	Czech Technical University, Prague, 1982

Fellowships/Schollarships

Visiting Scholar	Hoover Institution, Stanford University, California, USA, 1995 /1996.
Fellow	Workshop on Endogenous Growth and Development, July 3-9, 1994, Siena, Italy
Visiting Research Fellow	Economics Department, Institute for Advanced Studies, Vienna, 1993/1995, 1998/1999.

Other Activities

 2007                 local organizer of Society for Economic Dynamics Annual Meeting in Prague

2005                 local organizer and co-founder of The Prague-Budapest Spring Workshop in Macroeconomic Theory in Prague

2004                 local organizer of International Macro Workshop as the zero round of The Prague-Budapest Spring Workshop in Macroeconomic Theory, Prague

1999 research consultant, World Bank

Research

Current Interests

Macroeconomic Theory, Endogenous Growth Theory, Transition Economics, Macroeconomic Modelling, Numerical Methods in Economics

Publications in Refereed Journals

• Learning about Rare Disasters: Implications for Consumption and Asset Prices (with M. Gillman and M. Pakoš), Review of Finance, May 2015, Review of Finance, Vol. 19 (3), 1053-1104.
• Tax Evasion, Human Capital, and Productivity Induced Tax Rate Reduction (with M. Gillman), Journal of Human Capital, Spring 2014, Vol. 8 (1), 42-79
• A Banking Explanation of the US Velocity ofMoney: 1919-2004 (with S. Benk and M. Gillman), Journal of Economic Dynamics and Control, April 2010, Vol. 34 (4), 765-779.
• Inflation, Investment and Growth: a Money and Banking Approach (with M. Gillman), Economica, April 2011, Vol. 8 (310), 260-282.
• Money Velocity in an Endogenous Growth Business Cycle with Credit Shocks (with S. Benk and M. Gillman), Journal of Money, Credit and Banking September 2008, Vol. 40, No. 6, 1281-1293.
• Changing Composition of Human Capital: The Czech Republic, Hungary, and Poland. (with Jeong, B. and Vinogradov, V.) Economics of Transition, Volume 16(2) 2008, 247–271
• Credit Shocks in the Financial Deregulatory Era: Not the Usual Suspects (with S. Benk and M. Gillman), Review of Economic Dynamics, July 2005, Volume 8, Issue 3, 668–687.
• A Comparison of Exchange Economies within a Monetary Business Cycle (with S. Benk and M. Gillman), The Manchester School, special issue, July 2005, Vol. 73, Issue 4, 542-562.
• Inflation and Balanced-Path Growth with Alternative Payment Mechanisms. (with Max Gillman), Economic Journal, January 2005, Vol 115, No. 500: 247-270.
• Contrasting Models of the Effect of Inflation on Growth. (with Max Gillman), Journal of Economic Surveys, January 2005, Vol. 19, No. 1: 13-136.
• The Demand for Bank Reserves and Other Monetary Aggregates. (with Max Gillman), Economic Inquiry, July 2004, 42(3), 518-533.
• The Czech economic transition: exploring options using a macrosectoral model. (with Frank Barry, John, Bradley and David Vavra), Economics of Transition, Volume 11, No.3, 539-567, 2003  [supplement to the paper (the list of model variables)]
• Accession trajectories and convergence: endogenous growth perspective. (Stephan Seiter and David Vavra), Structural Change and Economic Dynamics, Volume 15, Number 1, March 20
• Stages of Growth in Economic Development. Journal of Economic Dynamics and Control 27, 771-800, 2003
• Endogenous Growth Models. Finance a úver, July 1998, (in Czech)
• The Political Economy of Aggregate Budget Constraints or The A, B, C's of Industrial Restructuring in Russia. (jointly with Christof Ruhl nad Kenneth Serwin). Papers in Political Economy, Western Ontario University, May 1996.

• Publications in Books

§ Stages of Growth.” In Darity, William A., Jr., International Encyclopedia of the Social Sciences, 2nd edition, 9 vols. Detroit: MacMillan Reference USA, 2008 (an entry for International Encyclopedia of the Social Sciences)

§ Growth, Inflation, and Banking: The Role of Human Capital. Habilitation Thesis. Prague: Charles University, CERGE, 2007. 158 s.

• Modeling the Effect of Inflation: Growth, Levels, and Tobin., (with Max Gillman), In: David K. Levine and William Zame Eds. Proceedings of the 2002 North American Summer Meetings of the Econometric Society: Economic Theory, 2002
• The Impact of EU Accession on the Speed of Convergence. (with David Vávra), In: Czech Republic: Mixed Blessings, February 2002 (In Czech)
• The Emerging Market for E-learning. (with Brhlíková Petra and Andreas Ortmann), In: Czech Republic: Mixed Blessings, February 2002 (In Czech)
• Minimum Weight Residual Methods in Intertemporal Optimizing Models of Economic Growth. In: Proceedings on 17th IFIP Conference on System Modelling and Optimization, Prague. July 1995.
• Unpublished Work
• Optimal Government Policies in Models with Heterogenous Agents (with R. Boháček), R&R Journal of Economic Theory, February 2018
• Tax Evasion and Growth: a Banking Approach, (with M. Gillman), 2008, IEHAS Discussion Papers 0806, Institute of Economics, Hungarian Academy of Sciences.
• US Volatility Cycles of Output and Inflation, 1919-2004: A Money and Banking Approach to a Puzzle, (with B. Szilárd and M. Gillman) Cardiff Economics Working Papers E2008/28, Cardiff University, Cardiff Business School, Economics Section.
• Inflation, Investment and Growth: a Banking Approach, (with M. Gillman) Cardiff Economics Working Papers E2008/18, Cardiff University, Cardiff Business School, Economics Section, revised Oct 2008.
• Money Velocity in an Endogenous Growth Business Cycle with Credit Shocks.” (Szilárd Benk, Max Gillman) CERGE-EI WP forthcoming 2007
• Money Velocity in an Endogenous Growth Business Cycle with Credit Shocks.” (Szilárd Benk, Max Gillman), MNB Working Papers 2007/5, August 2007
• Money Velocity in an Endogenous Growth Business Cycle with Credit Shocks.” (Szilárd Benk, Max Gillman), Cardiff Economics Working Papers E2007/14, Cardiff University, Cardiff Business School, Economics Section, August 2007
• Money Velocity in an Endogenous Growth Business Cycle with Credit Shocks.” (Szilárd Benk, Max Gillman) CDMA Conference Paper Series 0604, Centre for Dynamic Macroeconomic Analysis., June 2006
• Accounting for Corruption: Taxes, the Shadow Economy, Endogenous Growth and Inflation.” (with Max Gillman) 2006 Meeting Papers 402, Society for Economic Dynamics., July 2006
• Optimal Government Policies in Models with Heterogeneous Agents.” (with Radim Bohacek) CERGE-EI Working Papers WP272, The Center for Economic Research and Graduate Education - Economic Institute, Prague, 2005
• Credit Shocks in the Financial Deregulatory Era: Not the Usual Suspects.” (with S. Benk and M. Gillman) Cardiff Economics Working Papers E2005/13, Cardiff University, Cardiff Business School, Economics Section, 2005
• Projection Methods for Economies with Heterogeneous Agents.” (with Radim Bohacek) CERGE-EI Working Papers WP258, The Center for Economic Research and Graduate Education - Economic Institute, Prague, 2005
• Changing Composition of Human Capital: The Czech Republic, Hungary, and Poland.” (with Byeongju Jeong and Viatcheslav Vinogradov) CERGE-EI Working Papers WP248, The Center for Economic Research and Graduate Education - Economic Institute, Prague, 2005
• Inflation and Balanced-Path Growth with Alternative Payment Mechanisms.” (with Gillman, Max) Cardiff Economics Working Papers E2005/15, Cardiff University, Cardiff Business School, Economics Section, 2005
• A Comparison of Exchange Economies within a Monetary Business Cycle.” (with Benk, Szilárd and Gillman, Max) Cardiff Economics Working Papers E2005/14, Cardiff University, Cardiff Business School, Economics Section, 2005
• Factor Accumulation Story: Any Unfinished Business?” (with David Vavra) CERGE-EI Working Papers WP220, The Center for Economic Research and Graduate Education - Economic Institute, Prague, 2004
• On the Optimal Tax Schedule,” (with Radim Bohacek) 2004 Meeting Papers 714, Society for Economic Dynamics, June 2004
• Credit Shocks in a Monetary Business Cycle” (with Szilard Benk and Max Gillman) 2004 Meeting Papers 133, Society for Economic Dynamics., June 2004
• Accession trajectories and endogenous growth. (with Seiter, S. and Vávra, D.), CERGE-EI Working Paper 219, March 2004
• Contrasting Models of the Effect of Inflation on Growth. (with Gillman, M.), CEU-Economics WP 2/2004
• The Demand for Bank Reserves and Other Monetary Aggregates. (with Gillman, M.), CEU-Economics WP 8/2003
• Assessing the problem of human capital mismatch in transition countries. (with Druska, V., Jeong B., and Vinogradov, V.), WDI Working Paper, William Davidson Institute, April 2002
• Projection Methods for Economies with Heterogenous Agents. (with Bohacek, R.), CERGE-EI Working Paper, March 2002
• Assessing the problem of human capital mismatch in transition countries. (with Druska, V., Jeong B., and Vinogradov, V.), CERGE-EI Discussion Paper 60, April 2001
• Modeling the Effect of Inflation: Growth, Levels, and Tobin. (with Max Gillman) CERGE-EI WP, January 2001
• A Nonlinearity in the Inflation-Growth Effect. (with Max Gillman) CEU-Economics WP14/2000, Central European University, November 2000
• Modeling the Inflation-Growth Effect. (with Max Gillman) CEU-Economics WP7/2000, Central European University, June 2000
• The Czech economic transition: exploring options using a macrosectoral model. CERGE-EI Working Paper 158, May 2000
• Minimum Weighted Residual Methods in Endogenous Growth Models. CERGE-EI Working Paper 155, May 2000
• How to Solve Growth Models: A User's Guide to the Collocation Method in GAUSS. CERGE-EI Discussion Paper 2000-39, September 2000
• The Czech economic transition: exploring options using a macrosectoral model.  , (with Frank Barry, John, Bradley and David Vavra), UCD/CER Working Paper, January 2000
• Inflation, Growth, and Credit Services. (with Max Gillman and Akos Valentinyi), CERGE-EI Working Paper 154, April 2000
• Inflation, Growth, and Credit Services. (with Max Gillman and Akos Valentinyi),Working Paper No.13, Transition Economics Series, Institute for Advanced Studies, Vienna, November 1999
• Inflation, Growth, and Credit Services. (with Max Gillman and Akos Valentinyi). University of Southampton, Discussion Papers in Economics and Econometrics 9913, 1999
• The impact of EU structural funds on the Czech macroeconomy: Some preliminary results from the HERMIN Model. (with David Vavra) CERGE-EI Discussion Paper No.27, November 1999
• A Small Macroeconometric Model of the Czech Republic (SMEC). EI Discussion Paper No.15, May 1999
• Income Inequality, Endogenous Growth and the Kuznets' Curve. CERGE Discussion Paper 4/99, May 1999
• HC4: The HERMIN macromodel of the Czech Republic. (with David Vavra), Final Report, ACE grant, Project No. P96-6242-R, April 1999
• Stages of Growth in Economic Development: Qualitative Analysis. CERGE-EI Working Paper No.138, December 1998
• Application of Projection Method in Model of Endogenous Growth. Economics Working Paper Series, No.7, Institute for Advanced Studies, Vienna, April 1995
• Projection Methods in GAUSS. Mimeo, Institute for Advanced Studies, Vienna, 1994
• An Intertemporal Model of Stabilization Dynamics in Transitional Economies." CERGE-EI Discussion Paper No.13, Prague, 1994
• Endogenous Growth with Threshold Externalities. Mimeo, Central European University, Prague, August 1993
• Research Grants
• "Credit Shocks and Real Business Cycles”, GDN/CERGE-EI, Partner: (2004)
• "Macroeconomic Modelling of the Czech Economy: Effects of Monetary Policy and Growth”, Grant Agency of the Czech Republic, GACR 402/02/0980, Partner (2002-2004)
• “Growth Effects of Accession of CR to EU”. Internal Research Grant at the Czech National Bank, (2001-2002)
• "E-learning: Threats and Opportunities for Tertiary Education in Transitional Economies in Central Europe", GDN/CERGE-EI, Partner (2000-2001)
• "The Macroeconomics of Accession: Growth, Convergence and Structural Adjustment", Phare ACE Grant, Project No. P97-8034-R, Partner (1999-2000)
• "Macroeconomic Modelling of Czech Economy: Effects of Monetary Policy and Growth", Grant Agency of the Czech Republic, GACR 402/99/0980, Partner (1999-2001)
• "Human Capital and Growth in Central European Countries", Phare ACE Grant, Project No. P97-8085-R, Partner (1999-2000)
• "Macroeconomics and structural change in transition countries: Common themes in CEE and EU-periphery countries." Phare ACE grant, Project No. P96-6242-R, Partner (1998-1999)
• Conferences and Seminars

§ Invited Presentations

§ “Optimal Government Policies in Economies with Heterogeneous Agents.” Macroeconomic Workshop, Cardiff Business School, 27.10.2006, Cardiff, United Kingdom

§ “Velocity and Credit Shocks in an Endogenous Growth Monetary Business Cycle.” Money, Macro and Finance (Economic and Social Research Council), Macroeconomics Workshop, GREQAM - Research Centre in Economics, Marseille, 09.12.-10.12.2005, Aix en Provence, France

§ “Velocity and Credit Shocks in an Endogenous Growth Monetary Business Cycle.” Macroeconomic Workshop, Cardiff Business School, 25.11.2005, Cardiff, United Kingdom

§ “Credit Shocks in the Financial Deregulatory Era: Not the Usual Suspects.” Macroeconomics Seminar, USC FBE MACROECONOMICS AND INTERNATIONAL FINANCE WORKSHOP, University of Southern California, 08.04.2005, Los Angeles, USA

§ “Optimal Government Policies in Economies with Heterogeneous Agents.” Macroeconomics Seminar, USC FBE MACROECONOMICS AND INTERNATIONAL FINANCE WORKSHOP, University of Southern California, 31.3.2005, Los Angeles, USA (presented by R. Bohacek)

§ “On the Optimal Tax Schedule.” Macroeconomic Seminar Series, Federal Reserve Bank at Minneapolis, 01.08.-08.08.2004, Minneapolis, USA

§ “On the Optimal Tax Schedule.” Macro Workshop, CNB and CERGE-EI, 01.06.-05.06.2004, Prague, Czech Republic

§ “Convergence of the accession countries and non-optimality of the EU fiscal rules.” Economic Consequences on European Enlargement, CEPII Paris, WIIW Vienna, 14.03.2003, Vienna

§ “Projection Methods for Economies with Heterogeneous Agents.” Macroeconomics Seminars, University of Tokyo, 21.10.-30.10.2002, Tokyo, Japan

§ “Modelling the Effect of Inflation: Growth, Levels and Tobin.” Research seminar, University College Dublin, 07.12.2001, Dublin, Ireland

§ “A Nonlinearity in the Inflation-Growth Effect.” International Institute of Economic Studies, University of Stockholm, March 27, 2001

§ “Accession Trajectories and Endogenous Growth.” ACE-Phare Workshop P97-8034R: The Macroeconomics of Accession: Growth, Convergence and Structural Adjustment, University of Ljubljana, 08.02.-10.02.2001, Bled, Slovenia

§ “Modeling the Inflation-Growth Effect.”  Budapest Economics Seminar Series (BESS), Central European University, Budapest, 24th November, 2000

§ “Human capital mismatch and e-learning.” E-commerce,  E-learning and Growth, CERGE-EI and Bank Austria, 09.07.-13.07.2000, CERGE-EI

§ “Stages of Growth.” Stanford Economics Dept. Lunch Seminars, Stanford University, Stanford, CA, April 1996

§ “Human Capital Accumulation with Threshold Externalities.” Invited Lecture in Workshop on Endogenous Growth Theory, Institute for Advanced Studies, Vienna, February 1994

Presentations

§  “Optimal Government Policies in Models with Heterogeneous Agents.” Society for Economic Dynamics Annual Meeting, 28.06.-30.06.2007, Prague, Czech Republic

§ “Optimal Government Policies in Models with Heterogenous Agents.” European Meeting of the Econometric Society (ESEM), 24.08.- 28.08.2006, Vienna, Austria

§ “Accounting for Corruption: Taxes, the Shadow Economy, Endogenous Growth and Inflation.” Society for Economic Dynamics Annual Meeting, 06.07.-08.07.2006, Vancouver, Canada

§ “Credit Shocks in the Financial Deregulatory Era: Not the Usual Suspects.” Royal Economic Society Conference, organized by University of Nottingham, 21.03.-23.03.2005, Nottingham, United Kingdom

§ “A Comparison of Exchange Economies within a Monetary Business Cycle.” Royal Economic Society Conference, organized by University of Nottingham, 21.03.-23.03.2005, Nottingham, United Kingdom (presented by Benk, S.)

§ “Credit Shocks in the Financial Deregulatory Era: Not the Usual Suspects.” 2005 North American Winter Meeting of the Econometric Society, Philadelphia, January.2005, Nottingham, USA (presented by Benk, S.)

§ “On the Optimal Tax Schedule.” Seminar in Economics, Stockholm University, 12.10.2004, Stockholm, Sweden (presented by Boháček, R.)

§ “Inflation and Balanced-Path Growth with Alternative Payment Mechanism.” 59th European Meeting of the Econometric Society, Econometric Society, 19.08.-24.08.2004, Madrid, Spain (presented by Gillman, M.)

§ “Inflation and Balanced-Path Growth with Alternative Payment Mechanisms.” Growth and Business Cycles in Theory and Practice Conference, organized by Centre for Growth and Business Cycle Research, University of Manchester, 15.07.-16.07.2004, Manchester, UK (presented by Gillman, M.)

§ “Credit Shocks in a Monetary Business Cycle.” Growth and Business Cycles in Theory and Practice Conference, Centre for Growth and Business Cycle Research, University of Manchester, 15.07.-16.07.2004, Manchester, UK (presented by Gillman, M.)

§ “Credit Shocks in a Monetary Business Cycle.” Society for Economic Dynamics Conference 2004, Society for Economic Dynamics, 01.07.-03.07.2004, Florence, Italy (presented by Gillman, M.)

§ “On the Optimal Tax Schedule.” Society for Economic Dynamics Conference 2004, Society for Economic Dynamics, 01.07.-03.07.2004, Florence, Italy (presented by R. Bohacek)

§ “The Demand for Bank Reserves and Other Monetary Aggregates.” 19th Meeting of the European Economic Association, European Economic Association, 20.08.-24.08.2004, Madrid, Spain (presented by Gillman, M.)

§ “Inflation and Balanced-Path Growth with Alternative Payment Mechanisms.” The Venice Summer Institute 2004, Venice International University, 19.07.-24.07.2004, Venice, Italy (presented by Gillman, M.)

§ “The Demand for Bank Reserves and Other Monetary Aggregates.” 2003 Econometric Society North American Summer Meeting, Econometric Society, 26.06.-29.06.2003, Evanston, Illinois, USA (presented by Gillman, M.)

§ “Modelling the Inflation-Growth Effect.” European Economic Association, EEA and University of Lausanne, 28.08.-01.09.2002, Lausanne, Swiss (presented by M. Gillman)

§ “Modelling the Effect of Inflation: Growth, Levels, and Tobin.” 2002 Econometric Society North American Summer Meeting, Econometric Society, University of California Los Angeles, USA, 20.06-24.06.2002 (presented by Max Gillman)

§ "Modelling the Inflation-Growth Effect.” MMF2001 : Money, Macro and Finance Research Group 33rd ANNUAL CONFERENCE, The Money Macro and Finance Research Group of the Economics and Social Research Council, Queens University Belfast, 05.09.-07.09.2001, Belfast, United Kingdom

§ “Assessing the Problem of Human Capital Mismatch in Transition Countries.” European Economic Association, EEA and University of Lausanne, 28.08.-01.09.2002, Lausanne, Switzerland

§ “Modelling the inflation-growth effect.” 2001 Econometric Society Australasian Meetings,  Econometric Society and the University of Auckland, 06.07.-08.07.2001, Auckland, Australia, (presented by M. Gillman)

§ “Modelling the Inflation-Growth Effect.” T2M 2001: Theories and Methods in Macroeconomics, University of Nice Sophia - Antipolis and CNRS, 13.06.-15.06.2001, Nice, France

§ “Modelling the Effect of Inflation: Growth, Levels and Tobin.” CERGE-EI Research Seminar, CERGE-EI, 28.03.2001, Prague, Czech Republic

§ “Macroeconomic stabilization and growth of the Czech economy in the context of other post-communist countries.” New York University in Prague, Prague, November 4, 2000

§ “Inflation, Growth and Credit Services.” European Economic Association Conference held in Free University of Bolzen, Bolzano, Italy in September 2000

§ “The Macroeconomics of Accession: Growth, Convergence and Structural Adjustment.” ACE-Phare Workshop P97-8034R, CERGE-EI, 23.07.-25.07.2000, CERGE-EI

§ “Inflation, Growth and Credit Services.” Growth and Business Cycles in Theory and Practice Conference, University of Manchester, England in July 2000.

§ “Human Capital and Growth in Central European Countries: Theoretical Framework.” ACE-Phare Workshop P97-8085-R, University of Tilburg, 16.06.-17.06.2000, University of Tilburg,

§ “Human Capital and Growth in Central European Countries: Theoretical Framework.” Kick-off meeting Phare-ACE, Prague, January 28-29, 2000

§ “Microfoundations of Inflation and Growth: Non-linearities and Financial Development.” The 48th International Atlantic Economic Conference, Montreal, October 7 - 10, 1999

§ “Microfoundations of Inflation and Growth: Non-linearities and Financial Development.” 1999 Midwest Macroeconomics Conference, University of Pittsburgh, April 9 - 11, 1999 (presented by M. Gillman)

§ “Limits to reorganisation: resource reallocation in a subsidised economy.” EEA'98 Conference, Berlin, September 1998

§ “Limits to reorganisation: resource reallocation in a subsidised economy.” CERGE and EI Internal Macroeconomics Seminar, August 26, 1998

§ “Main Steps of Reform Process in the Czech Republic.” Lecture for Korean Embassy, CERGE&EI, July 21, 1998

§ “Inflation and Growth: Non-linearity effects and the role of bank technology.” Lecture in Seminars on Economic Theory, CERGE-EI, Prague, April 12, 1999

§ “Fiscal Policy in an Endogenous Growth Model.” CERGE and EI Internal Macroeconomics Seminar, March 18, 1998

§ “Sustainable and unsustainable development: Transitional dynamics in amended Lucas model.” Macroeconomic seminar CERGE-EI, January 14, 1998

§ “Outline of Economic Reform of the Czech Economy and Recent Problems.” Lecture for Korean delegation, CERGE-EI, October 30, 1997

§ “On Stages of Growth in Economic Development.” EEA’97 Conference, Toulouse, September 1997

§ “Main Steps of Reform Process in the Czech Republic.” Lecture for Japanese Embassy, CERGE-EI, August 1997

§ “Development of the Czech Republic during Transformation.” Lecture for Korean Embassy, CERGE-EI, June 1997

§ “On Stages of Growth in Economic Development.” Lecture in Seminars on Economic Theory, CERGE-EI, Prague, November 1996

§ “Endogenous Growth with Threshold Externalities.” PhD students workshop in Theory of Income and Fluctuations, Stanford University, Stanford, CA, April 1996

§ “Classic versus Keynesian Economics.” Invited lecture for PhD course in Automatic Control Theory, Faculty of Electrical Engineering, Czech Technical University, Prague, January 1995

§ “Trade-Off Between Output and Inflation: Survey.” Invited lecture for PhD course in Economics, Faculty of Management and Economics, Masaryk University, Brno, Czech Republic, January 1995

§ “Endogenous Growth with Threshold Externalities.” Lecture in Seminars on Economic Theory, CERGE-EI, Prague, November 1994

§ “Introduction to Macroeconomics.” Invited lecture for PhD course in Automatic Control Theory, Faculty of Electrical Engineering, Czech Technical University, Prague, November 1994

§ "On the Optimal Tax Schedule” , Invited presentation, Macroeconomic Seminar Series, Federal Reserve Bank at Minneapolis, 04.08.2004

§ “Modelling the Effect of Inflation: Growth, Levels, and Tobin”. Lecture in Seminars on Economic Theory, CERGE-EI, Prague, March 28, 2002

§ “Modelling the Effect of Inflation: Growth, Levels, and Tobin”. Lecture at the research seminar, University College Dublin, December 7, 2001

§ "A Nonlinearity in the Inflation-Growth Effect." Lecture at the IIES, University of Stockholm, March 27, 2001

§ "Modelling the Inflation-Growth Effect" Budapest Economics Seminar Series (BESS), Central European University, Budapest, 24th November, 2000

• "Macroeconomic stabilization and growth of the Czech economy in the context of other post-communist countries," Lecture at New York University in Prague, Prague, November 4, 2000
• "Inflation and Growth: Non-linearity effects and the role of bank technology." Seminar on Economic Theory, CERGE-EI, Prague, April 12, 1999
• "Limits to reorganisation: resource reallocation in a subsidised economy." Internal Macroeconomics Seminar, CERGE-EI, August 26, 1998
• "Fiscal Policy in an Endogenous Growth Model." Internal Macroeconomics Seminar, CERGE-EI, March 18, 1998
• “Sustainable and unsustainable development: Transitional dynamics in amended Lucas model.” Internal Macroeconomics Seminar, CERGE-EI, January 14, 1998
• “On Stages of Growth in Economic Development.”
• Seminar on Economic Theory, CERGE-EI, Prague, November 1996;
• Stanford Economics Dept. Lunch Seminars, Stanford University, Stanford, CA, April 1996
• "Endogenous Growth with Threshold Externalities."
• PhD students workshop in Theory of Income and Fluctuations, Stanford University, Stanford, April 1996;
• Seminar on Economic Theory, CERGE-EI, Prague, November 1994;
• Invited Lecture in Workshop on Endogenous Growth Theory, Institute for Advanced Studies, Vienna, February 1994.
• Professional Activities
• Supervision   

    Defended

2017	Aliya Algozhina	Member
2017	Volha Audzei	Member
2015	Beka Lamazoshvili	Chair
2015	Aliyev Ruslan	Member
2014	Martin Kuncl	Member
2014	Anna Bogomolova	Member
2013	Vahagn Jerbashian	Member
2012	Viliam Druska	Chair
2011	Olga Loiseau-Aslanidi	Member
2011	Ashot Tsharakyan	Member
2010	Asel Isakova	Member
2010	Yuliya Rychalovska	Member
2009	František Brázdik	Chair
2008	Juraj Antal	Chair
2007	Martin Fukač	Chair
2003	David Vávra	Chair
2003	Aurelius Dabusinskas	Member
1999	Petr Duczynski	Chair
1999	Elena Bogacheva	Chair

     Current

Chairman: Ambrisko Robert, Ivan Sútoris, Jakub Matějů

Member:

Teaching

CERGE

Macroeconomics - preparatory seminar

Macroeconomics I

Macroeconomics II

Macroeconomics III

Cardiff Business School, PhD Program (2005-2014)

Numerical Methods in Economics

CEU Budapest, PhD Program (2000-2004)

Advanced Macroeconomics I

Service

Member of Atestation Committee – 2007, 2008

Chair of Researchers Attestation Committee – 2005

Students Admission Committee 1998/1999, 2000/2001, 2001/2002, 2002/2003, 2006/2007, 2007/2008

Director for Research (2003-2005)
Committee for Graduate Studies (1999-2003)

Chairman of Scientific Council of EI (1997-2006)

Member of the Academic Assembly, Academy of Sciences of the Czech Republic (1998-2006)

Michal Kejak

Thursday, June 26, 2008