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 Monetary-Fiscal Interactions -Game Theory -Institutional Economics -Political Economy -Sports Economics

My Video Interviews With Policymakers/Researchers:

(All accessible on my YouTube channel here)

-Dr Don Brash, Governor of RBNZ (1988-2002) and currently leader of ACT NZ party on the past and future of central banking: part 1 here

-Professor Andrew Hughes Hallett, George Masson and St. Andrew's Universities on the current state of the European Union and possible future scenarios: part 1 here

-Dr Stefan Auer, La Trobe University on the economics of the European monetary union: part 1 here

 

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 400)

-ECO2MEC Managerial Economics (2005-2006, second year, enrolment 140)

Other Responsibilities:

-Organizer and panel chair: special session titled Monetary-Fiscal Interactions: How To Improve Policy Outcomes? at the 39th Australian Conference of Economists, Sydney, Sept 2010 (panellists Carl Walsh, Don Brash, Jacopo Cimadomo, Stephen Kirchner, see a photo)

-Co-organizer and panel chair: special session titled Penalties Before or After Extra-Time? A Solution to the Penalty Shoot-out Problem at the Economics and Psychology of Football, London, UK (panellists Henry Birtles, Lionel Page, Liam Lenten, Tom Dart; see the paper and media links below)

-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. (2011), ‘Inflation Nutters? Modelling the Flexibility of Inflation Targeting’, The B.E. Journal of Macroeconomics (Topics), 11(1), Article 17

-Libich, J. and Stehlík P. (2011), ‘Endogenous Monetary Commitment’, Economics Letters, 112, pp103-106

-Hughes Hallett, A., Libich, J., and Stehlík P. (2011), ‘Macroprudential Policies and Financial Stability’, the Economic Record, 87(277), pp318-335

-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., Savage, J. and Walsh, C.E.  (2011), ‘Monetary-Fiscal Interactions: How To Improve Policy Outcomes?’ Introduction to a Symposium at the 2010 Australian Conference of Economists, Economic Papers, 30(1), pp1-5
    -The full proceedings including the contributions by Carl Walsh, Don Brash, Jacopo Cimadomo, Stephen Kirchner, and Eric Leeper can be downloaded here

-Franta, M., Libich, J. and Stehlík, P. (2011), ‘The Big Picture of Monetary-Fiscal Interactions’, Symposium at ACE 2010, Economic Papers, 30(1), pp6-14

-Hughes Hallett, A., Libich, J., and Stehlík P. (2011), ‘Welfare Improving Coordination of Fiscal and Monetary Policy’, AUCO Czech Economic Review, 5, pp7-26

-Libich, J., Stehlik, Petr, and Savage, J. (2010), ‘Fiscal Neglect in a Monetary Union’, Economic Papers, 29(3), pp301-309

-Libich, J. and Savage, J. (2010), ‘Tethering the Fiscal Sow: Monetary Policy that Keeps Pork in the Sty’, Policy, 26(3), Spring, pp14-19

-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. (2011), 'Penalties Before or After Extra-Time? An Empirical Assessment of Footballers’ Incentives'
    -press release
    -Podcast featuring e.g. Craig Foster (Chief Football Analyst on SBS) and John Didulica (Melbourne Heart)
    - A sample of other media and blogosphere discussion: Preston Leader, AD (Netherlands), AD, SBS blog, discussion on SBS's Santo, Sam And Ed's Cup Fever! (episode 21), Morgundbladid (Iceland), National Times, The Sports Economist,  Soccernomics,  Chrono, Daily Express

-Libich, J., Nguyen, D., and Stehlík P. (2011), ‘Monetary Exit Strategy and Fiscal Spillovers'

-Libich, J. and Stehlík, P. (2011), ‘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. (2011), ‘Inflation Nutters? Modelling the Flexibility of Inflation Targeting’

-Basov, S., Libich, J. and Stehlík, P. (2011), 'Stochastic Timing, Uniqueness, and Efficiency in Games'

-Hughes Hallett, A., Libich, J., and Stehlík, P. (2011), 'Monetary and Fiscal Policy Interaction With Various Degrees 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. (2011), ‘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):

-Basov, S., Libich, J. and Stehlík, P. (2011), 'Revisions in Games'

-Franta, M., Libich, J. and Stehlík, P. (2011), ‘Can Monetary Commitment Discipline Fiscal Policy? Some Theory and Empirical Evidence’

-Libich, J. (2011), ‘Rational Inattention and Endogenously Sticky Expectations’

Presentations (Conferences and Workshops):

-16th Australasian Macroeconomics Workshop (Apr 2011, University of Tasmania)

-39th Australian Conference of Economists (Sep 2010, Macquarie University, Sydney)

-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)

-36th 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)

-12th Australasian Macroeconomics Workshop (April 2007, La Trobe)

-25th Australasian Economic Theory Workshop (Feb 2007, ANU)

-35th Australian Conference of Economists, (Sep 2006, Curtin University, Perth)

-11th Australasian Macroeconomics Workshop (April 2006, RBA and CAER, UNSW)

-24th 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):

-Berlin (forthcoming Dec 2011) -Monash (Mar 2011) -Melbourne University (Mar 2011) -Australian National University (Nov 2010) -Queensland University of Technology (Nov 2010) -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 -Economics Letters -Bulletin of Indonesian Economic Studies -Czech Journal of Economics and Finance -BE Journal of Macroeconomics -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) -University of Western Bohemia (Master’s thesis)

Grants and Awards:

-Faculty Research Awards 2011, Commendation

-Faculty Teaching Awards 2011, Commendation

-Winner, Lecturer of the Year 2010 (for La Trobe University)

-Winner, Lecturer of the Year 2009 (for La Trobe University)
Organized by UniJobs and based on students' nominations, details are here and here

-Outstanding Reviewer, Emerald Awards for Excellence 2011
The top referee from each Emerald Journal

-Australian Research Council Discovery Grant (2008-2011)
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

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About the design:
The design of this site was pinched (legally) from Don Harding who pinched it (legally) from Chris Edmond. The ultimate source is BlueRobot. It is freeware so if you like the design use it.