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Research staff profiles

Martin Fukac

Research Team
Email: firstname.lastname@rbnz.govt.nz

Biography:

Martin earned a Ph.D. degree at the Centre for Economic Research and Graduate Education, Charles University in Prague.

He was an intern at the International Monetary Fund in 2004. In 2005-2006, Martin worked as an Economist and later as a Senior Economist at the Research Department of the Czech National Bank. He joined the Reserve Bank in March 2007 as a Senior Research Analyst.

Martin is in the development team of a Dynamic Stochastic General Equilibrium (DSGE) model that aims to replace the Reserve Bank’s Forecasting and Policy System.

Current research interests:

  • DSGE models estimation
  • Adaptive learning and optimal monetary policy

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Selected publications:

  • Fukac, M. (2008), "Heterogeneous Expectations, Adaptive Learning, and Forward-Looking Monetary Policy", RBNZ Discussion Paper No. 2008/07 

  • Fukac, M. (2007), “Limited Information Estimation and Evaluation of DSGE Models”, joint with Adrian Pagan, NCER Working paper No.6, Journal of Applied Econometrics (forthcoming) "

  • Fukac, M. (2007), “Commentary: An Estimated DSGE Model for the United Kingdom”, joint with Adrian Pagan, Review of St. Louis Fed, Issue July

http://econpapers.repec.org/article/fipfedlrv/y_3A2007_3Ai_3Ajul_3Ap_3A233 240_3An_3Av.89no.4.htm

  • Fukac, M. (2005), ““Should Private Expectations Concern Central Bankers?” CERGE-EI Working Paper No. 277

  • Fukac. M. (2005),“Do Inflation Expectations Surveys Yield Macroeconomically Relevant Information?,” Czech Journal of Economics and Finance, No. 7-8, 2005

  • Fukac, M. (2002), “Macroeconomic Model of Non-Accelerating Inflation Output”, joint with O. Vasicek (in Czech) Czech Journal of Economics and Finance 5/2002