This report summarises the findings from the first wave of the Slovak Household Finance and Consumption Survey. The analysis is done at the regional level and presents results on household assets, liabilities, net wealth, income and consumption.

This paper analyses the impact of household indebtedness on household net wealth, using Slovak data from the first wave of the Household Finance and Consumption Survey. We find two different effects of household indebtedness on wealth – a highly negative impact of non-mortgage debt and a...

The three essays in this dissertation address current econometric issues in international economics, market microstructure, and forecasting. In the first essay we use nonlinearities in a novel measure of the real exchange rate to estimate the cost of relocating productive capabilities. These...

Despite integration of financial and goods markets, borders still impose considerable friction on the flow of goods. This paper shows that a decline in output shock variance might increase the time of mean reversion despite declining border frictions. It also proposes a new method of estimating...