I am a Principal Analyst in the Czech National Bank, Economic Research Division, Monetary Department.

My research interests lie in macroeconomic modelling with financial frictions and bounded rationality. In my dissertation I studied how relaxing the assumption of rational expectation modifies the output of macroeconomic models. In particularly I showed how imperfect information among the financial agents modifies their risk-taking decisions, the effect of monetary policy on banks’ lending or equilibrium selection.

My curriculum vitae can be downloaded here

Volha Audzei, Sergey Slobodyan "Sparse Restricted Perception Equilibrium",

Czech National Bank Working Papers 2018/08

Volha Audzei "Confidence Cycles and Liquidity Hoarding",

Czech National Bank Working Papers 2016/07
Latest version

Volha Audzei "Efficiency of Central Bank Policy During the Crisis : Role of Expectations in Reinforcing Hoarding Behavior",

CERGE-EI Working Papers 477, The Center for Economic Research and Graduate Education - Economics Institute, Prague.

Dec 2018
Volha Audzei and Frantisek Brazdik "Exchange Rate Dynamics and its Effect on Macroeconomic Volatility in Selected CEE Countries",

Economic Systems, vol. 42(4), pages 584-596.

Oct 2015
Volha Audzei and Frantisek Brazdik "Monetary Policy and Exchange Rate Dynamics: The Exchange Rate as a Shock Absorber",

Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 65(5), pages 391-410.


Within the project "Macro Model Data Base" - together with Sergey Slobodyan (project under supervision of Volker Wieland, Goethe University Frankfurt) I was contributing to database expansion, in particular rewriting DSGE models under adaptive learning in Dynare toolbox, Matlab; programing routines for database expansion in Matlab.


Within IDEA team (Institute for Democracy and Economic Analysis) project constructed GVAR model using GVAR toolbox for Matlab - together with Martin Kuncl (work was not published).



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Volha Audzei