Policy Briefs • Blogs • Talks

Selected policy-relevant outputs connecting research and central banking practice — including policy briefs, blogs, research and policy notes, and invited talks.

Policy Contributions

Climate Risk and Sovereign Yields: Why Fiscal Space and Development Status Matter
(with Sofia Anyfantaki, Marianna Blix Grimaldi, Carlos Madeira, and Georgios Papadopoulos)
SUERF Policy Brief No. 1256, September 2025

Transmission of Liquidity Shocks through Non-Bank Financial Intermediaries: Evidence from the International Banking Research Network
(Falko Fecht and Linda S. Goldberg; contribution to the projects)
VOXU / CEPR Column, 5 August 2025

Less theory, more reality: Semi-structural models have a lot to offer
(with Stanislav Tvrz)
cnBlog (May 13, 2025), Czech National Bank

Geopolitical Risks and Their Impact on Global Macro-Financial Stability: Literature and Measurements
(with Martin Hodula, Jan Janků, and Ngoc Anh Ngo)
SUERF Policy Brief No. 1057, December 2024

Borrower-Based Macroprudential Measures and Credit Growth: How Biased is the Existing Literature?
(with Martin Hodula, Zuzana Gric, and Josef Bajzík)
SUERF Policy Brief No. 827, March 2024

Macroprudential Policy in Central Banks: Integrated or Separate? Survey Among Academics and Central Bankers
(with Martin Hodula, Zuzana Gric, Josef Bajzík)
CNB Research and Policy Note 4/2021, March 2022

Researching the Research: A Central Banking Edition
(with Martin Hodula, Zuzana Rakovská)
CNB Research and Policy Note 3/2020, February 2021

A Prolonged Period of Low Interest Rates: Unintended Consequences
(with Josef Bajzík, Dominika Ehrenbergerová, Jan Janků)
CNB Research and Policy Note 2/2020, January 2021

How to Organize Research in Central Banks: The Czech National Bank’s Experience
CNB Research and Policy Note 1/2020, August 2020

Talks

Geopolitical Risks: Facing the Challenges and Finding Opportunities — Panelist
3rd Durham–Bristol Banking Policy Forum, October 2025

Research and Policy Coordination in a Changing World — Keynote speech
Czech National Bank Research Open Day 2023