Dr Jan Libich

Senior Lecturer
School of Economics and Finance, La Trobe University
Melbourne, Victoria 3085, Australia
Phone: +61 3 9479 2754, Fax: +61 3 9479 1654, Email: j.libich(at)latrobe.edu.au

Other Affiliations:
-Research Associate, Centre for Applied Macroeconomic Analysis, Australian National University, Canberra (research program: Macroeconomic Policy Frameworks)
-Member, ARC Economic Design Network, Economic Society of Australia, American Economic Association

Research Interests:
Monetary Theory and Policy, Fiscal Theory and Policy, Game Theory, Institutional Economics, Political Economy, Time Scales Calculus

Visiting Institutions:
-George Mason University (Jan 2008, and Sep 2008) -University of Graz (June 2008) -University of West Bohemia (July-Dec 2008) -University of New South Wales (Oct/Nov 2007) -CAMA (Aug 2007) -Czech National Bank (July 2006)

Education:
PhD (Economics) University of New South Wales, Sydney
MCom(hons) (Finance) & BCom (Commerce) VSE Prague, Czech Republic

Teaching:
-ECO3CBP Central Banks and Monetary Policy (third year, enrolment 40, see teaching evaluations)
-ECO1IMA Macroeconomics (first year, enrolment 450, see teaching evaluations)
-ECO2MAT Macroeconomic Theory (second year, enrolment 315)
-ECO2MEC Managerial Economics (2005-2006, second year, enrolment 140)

Other Responsibilities:
-Co-convener: 12th Australasian Macroeconomics Workshop, Apr 2007, La Trobe
-Co-organizer: CEPET Workshop in Economic Theory 2007, June 2007, Udine, Italy
-Coordinator: Departmental Workshop, from Jan 2007
-Coordinator of international and regional campuses for ECO1IMA and ECO2MEC
-Member: Human Ethics Committee, 2005-2007

Academic Papers:

-Libich, J. and Stehlík, P. (2010), ‘Incorporating Rigidity in the Timing Structure of Macroeconomic Games’, Economic Modelling, Elsevier, 27, 767-781

-Libich, J. (2009), ‘A Note on the Anchoring Effect of Explicit Inflation Targets’, Macroeconomic Dynamics, Cambridge University Press, Volume 13(5)

-Hughes Hallett, A., Libich, J., and Stehlík P. (2009), 'Rogoff Revisited: The Conservative Central Banker Proposition Under Active Fiscal Policies', Economics Letters, Elsevier, Volume 104(4), pp 140-143

-Libich, J. (2008), ‘An Explicit Inflation Target as a Commitment Device’, Journal of Macroeconomics, Elsevier, Volume 30(1), pp43-68

-Hughes Hallett, A. and Libich, J. (2007), ‘Fiscal-Monetary Interactions: The Effect of Fiscal Restraint and Public Monitoring on Central Bank Credibility, Open Economies Review, Springer, Volume 18(5), pp559-576

Policy Papers and Special Issues:

-Libich, J., Stehlik, Petr, and Savage, J. (2010), ‘Fiscal Neglect in a Monetary Union’, forthcoming in Economic Papers

-Libich, J. and Savage, J. (2010), ‘Tethering the Fiscal Sow: Monetary Policy that Keeps Pork in the Sty’, forthcoming in Policy

-Harding, D. and Libich, J. (2010) ‘Froth and Bubble: The Inconsistency of Paul Krugman's Macroeconomic Analysis’, Agenda, 17(1)

-Libich, J. and Stehlík, P. (2008), ‘Macroeconomic Games on Time Scales’, Dynamic Systems and Applications, Volume 5, pp274-278

-Libich, J. (2006), ‘Should Monetary Policy Be Transparent?’, Policy 22:1, pp28-34

Submitted Papers:

-Lenten, L., Libich, J. and Stehlík, P. (2010), 'Penalties Before or After Extra-Time? An Empirical Assessment of Footballers’ Incentives'
-see here for a press release and here for a discussion on the SBS blog

-Libich, J. and Stehlík, P. (2010), ‘Monetary Policy Facing Fiscal Indiscipline Under Generalized Timing of Actions’ (previously circulated as Fiscal Rigidity in a Monetary Union: The Calvo Timing and Beyond’, CAMA WP 22/2008)

-Libich, J. and Stehlík P. (2010), ‘Endogenous Monetary Commitment’, CAMA WP 1/2009

-Libich, J. (2010), ‘Inflation Nutters? Modelling the Flexibility of Inflation Targeting’ (a larger part of ‘Inflexibility of Inflation Targeting Revisited: Modelling the Anchoring Effect’, CAMA WP 2/2006)

-Basov, S., Libich, J. and Stehlík, P. (2010), 'Stochastic Timing and Equilibrium Selection'

-Hughes Hallett, A., Libich, J., and Stehlík P. (2010), ‘Macroprudential Policies and Financial Stability’, CAMA WP 14/2009

-Hughes Hallett, A., Libich, J., and Stehlík P. (2010), ‘Welfare Improving Coordination of Fiscal and Monetary Policy’, CAMA WP 4/2008

-Hughes Hallett, A., Libich, J., and Stehlík, P. (2010), 'Monetary and Fiscal Policy Interaction With Various Degrees and Types of Commitment’, CEPR DP6586 & CAMA WP 21/2007
-see a discussion in a newsletter by Michael Knox, Chief Economist of ABN AMRO Morgans (pdf)

-Hughes Hallett, A. and Libich, J. (2010), ‘Explicit Inflation Targets, Communication, And Central Bank Independence: Friends or Foes?' (a significantly revised version of ‘Central Bank Independence, Accountability, and Transparency: Complements or Strategic Substitutes?, CEPR DP5470)

Research Papers (In Progress):

-Franta, M., Libich, J. and Stehlík, P. (2010), ‘Can Monetary Commitment Discipline Fiscal Policy: Evidence from an Estimated DSGE Model’

-Libich, J. (2009), ‘Rational Inattention and Endogenously Sticky Expectations’

Presentations (Conferences and Workshops):

-Recent Developments in Macroeconomics (Jun 2010, Mannheim, Germany)
-Causes and Consequences of the 2008 International Crisis (Jun 2010, Rome, Italy)
-The Economics and Psychology of Football (May 2010, London, UK)
-15th Australasian Macroeconomics Workshop (Apr 2010, RBNZ, VUW, New Zealand)
-22nd Australasian Finance and Banking Conference (Dec 2009, UNSW, Sydney)
-Financial Crisis: Institutions and Policies (Nov 2009, Mendel University, Brno)
-38th Australian Conference of Economists (forthcoming Sep 2009, University of Adelaide)
-Workshop on Economic Dynamics (Aug 2009, Deakin University)
-Sydney-Melbourne Conference on Macro Theory (May 2009, University of Sydney)
-14th Australasian Macroeconomics Workshop (Apr 2009, Deakin University)
-27th Australasian Economic Theory Workshop (Feb 2009, Massey University, Auckland)
-5th Biennial Conference of Czech Economic Society (Nov 2008, University of Economics, Prague)
-13th Australasian Macroeconomics Workshop (Mar 2008, University of Sydney)
-American Economic Association meeting (Jan 2008, New Orleans, US)
-36^th Australian Conference of Economists, (Sep 2007, University of Tasmania)
-Fiscal Policy Frameworks: Roles, Evolution, and Modelling (Aug 2007, Sydney, CAMA)
-Central European Program in Economic Theory Workshop (June 2007, Udine, Italy)
-12^th Australasian Macroeconomics Workshop (April 2007, La Trobe)
-25^th Australasian Economic Theory Workshop (Feb 2007, ANU)
-35^th Australian Conference of Economists, (Sep 2006, Curtin University, Perth)
-11^th Australasian Macroeconomics Workshop (April 2006, RBA and CAER, UNSW)
-24^th Australasian Economic Theory Workshop (Feb 2006, CAER, UNSW)
-Advanced Liberty & Society Conference (Sep 2005, Centre for Independent Studies)
-34^th Australian Conference of Economists (Sep 2005, University of Melbourne, EcoSoc of Australia)
-Summer School on Monetary Theory and Policy (July 2005, ZEI, Bonn, Germany)
-10^th Australasian Macroeconomics Workshop (Mar 2005, University of Melbourne)
-23^rd Australasian Economic Theory Workshop (Feb 2005, University of Auckland, New Zealand)
-PhD Conference in Economics and Business (Nov 2004, ANU)
-33^rd Australian Conference of Economists (Sep 2004, University of Sydney, EcoSoc of Australia)
-1^st Meeting of the Study Group on Monetary Policy in Selected CIS Countries (July 2004, United Nations University, Kiel Inst. for World Economics and UACES, Bruges, Belgium)

Presentations (Invited Seminars):
- European Central Bank (Jun 2010) -Charles University (Nov 2009) -Czech National Bank (Jan 2009) -London School of Economics (Sept 2008) -International Monetary Fund (Sept 2008) -Cerge-EI (Sept 2008) -George Mason University (Sep 2008) -Austrian National Bank (June 2008) -University of Graz (June 2008) -UNSW (October 2007) -University of Adelaide (March 2007) -Deakin (August 2006) -Dutch National Bank (July 2006) -Czech National Bank (July 2006) -Koblenz Business School (July 2006) -Munich University (June 2006) -Deutsche Bundesbank (June 2006) -Dortmund (June 2006) -Reserve Bank of New Zealand (Nov 2005) -Victoria University of Wellington (Nov 2005) -University of Queensland (Sept 2005) -Bayreuth University, Germany (June 2005) -Reserve Bank of Australia (Feb 2005)

Refereeing:
-European Economic Review -International Review of Economics and Finance - Journal of Economic Surveys -Australian Economic Review -Emerging Markets Finance and Trade -Journal of Macroeconomics -Journal of Economic Surveys -Open Economies Review -Oxford Economics Papers -Economic Record -Economics Papers -Scottish Journal of Political Economy -International Journal of Central Banking -Economic Modelling - Sustainability Accounting, Management and Policy Journal -Policy -CERGE-EI (PhD thesis)

Grants and Awards:
-Winner, Lecturer of the Year (for La Trobe University)
Organized by UniJobs and based on students' nominations, details are here
-Australian Research Council Discovery Grant (2008-2010)
Monetary-fiscal policy interactions and their effect on economic performance: new theory, empirics, and an application to Australia ($134,000, Partner investigators: Andrew Hughes Hallett, Petr Stehlík)
-Faculty of Law and Management Large Research Grant (2009-2010)
Developing a toolkit of indicators and macroeconomic models ($70,000, with Don Harding, Shawn Leu, Heidi Ryoo, and Buly Cardak)
-Faculty of Law and Management Competitive Research Grants (since June 2006)
Three grants of $5,000 each
-Winner, Dean’s Award for Service (May 2005)
‘For substantial and significant voluntary contribution to the development of the Faculty of Commerce and Economics’, UNSW
-International Postgraduate Research Scholarship (IPRS, 2002-2005)
Commonwealth Government of Australia
-University Postgraduate Research Scholarship (UPRS, 2002-2005)
University of New South Wales
-Monthly Stipends for Outstanding Academic Results (1994-1995)
VSE Prague