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

Biography:

From 1999 to 2006 Jaromir was Head of the Macroeconomic Modelling Unit in the Czech National Bank, responsible for developing and implementing the Quarterly Projection Model and the new G3 model.

Jaromir started with the Reserve Bank in 2006 as Research Advisor. He is a member of the DSGE team, responsible for developing and implementing a new forecasting model.

Current research interests:

• Developing The IRIS Toolbox, a Matlab-based package for applied DSGE modelling
• Building DSGE models for monetary policy analysis
• Modelling financial frictions in the DSGE framework: binding credit constraints, capital controls, monopolistic competition in the banking sector
• Advanced parameterisation methods, mainly in the frequency domain.

Publications:

• Benes, J. and D. Vavra (2007). Examining Fisher Information in Multi-Sector DGE Models. 12th Australasian Macroeconomics Workshop, La Trobe University, Melbourne.
• Benes, J., A. Binning, K.Lees, and S.McCaw (2006). The RBNZ’s New Core Projection Model: Tricks to Build and Operate a DSGE.. Working Group in Econometric Models of the National Centre for Econometric Research, Reserve Bank of Australia, Sydney.
• Benes, J. and D. Vavra (2006). Examining Fisher Information in Multi-Sector DGE Models. Central Bank Macromodelling Workshop, Central Bank of Chile, Santiago, Chile.
• Benes, J., T. Hledik and D.Vavra (2005). An Economy in Transition and DSGE: What the CNB’s New Projection Model Needs, CNB Working Paper, 12/2005.
• Benes, J. and D. Vavra (2005). Eigenvalue Filtering in VAR models with Application to the Czech Business Cycle, ECB Working Paper, 549.
• Benes, J., T. Hledik and D.Vavra (2005). An Economy in Transition and DSGE: What the CNB’s New Projection Model Needs, Central Bank Macromodelling Workshop, South African Reserve Bank, Pretoria, South Africa.
• Benes, J. and P. N'Diaye (2004). A Multivariate Filter for Measuring Potential Output and the NAIRU: Application to the Czech Republic, IMF Working Paper, 2004/45.
• Benes, J. and D. Vavra (2004). Eigenvalue Decomposition of Time Series with Application to the Czech Business Cycle, Czech National Bank Working Paper, 08/2004.
• Benes, J. and D. Vavra, (2004). SDGE Models to Support Monetary Policy, CNB/CERGE-EI Macro Workshop 2004, Prague.
• Benes, J. and D. Vavra (2004). Utility Function for Forecasting Model Builders: Balancing Along the Growth Path, mimeo, Czech National Bank.
• Benes, J., and J. Hurnik (2003). Coordination of Fiscal and Monetary Stabilisation Programs, 59th Congress of the International Institute of Public Finance, Prague.
• Coats, W., D. Laxton, and D. Rose, eds. (2003). The Czech National Bank's Forecasting and Policy Analysis System, Czech National Bank.