We analyze the determinants of the corporate interest rates and the financial accelerator in the Czech Republic. Using a unique panel of 448 Czech firms from 1996 to 2002, we find that selected balance sheet indicators influence significantly the firm-specific interest rates. In particular, debt...

The New Keynesian Phillips Curve has become an important part of modern monetary policy models. It describes the relationship between inflation and real marginal cost, which is derived from micro-founded models with rational expectations, sticky prices, and forward and backward looking...

This paper utilizes a unique dataset on votes cast by Czech and Polish migrants in recent national elections in their home countries. The political preferences of migrants as manifested by their voting behavior are strikingly different from those of their home-country counterparts. In addition,...