Bořek Vašíček

TL;DR: In this article, a new quarterly dataset covering crisis episodes in 40 developed countries over 1970-2010 was constructed, and stylized facts on banking, debt, and currency crises were presented.

TL;DR: This paper examined which indicators are most useful in explaining costly macroeconomic developments following the occurrence of economic crises in EU and OECD countries between 1970 and 2010 and found that domestic housing prices, share prices, and credit growth, and some global variables, such as private credit, are risk factors worth monitoring in developed economies.

TL;DR: In this article, the authors measure the strength and direction of linkages between 16 EU sovereign bond markets using a factor-augmented version of the VAR model in Diebold and Yilmaz (2009).

TL;DR: In this paper, the authors compared the macroeconomic impact of conventional and unconventional ECB policy actions on the euro area and its spillover to six EU countries outside the Euro area (the Czech Republic, Denmark, Hungary, Poland, Sweden and the UK).

TL;DR: In this paper, the authors examined whether and how selected central banks responded to episodes of financial stress over the last three decades and employed a recently developed monetary-policy rule estimation methodology which allows for time-varying response coefficients and corrects for endogeneity.