Jan Jank News Today

A Prolonged Period of Low Interest Rates: Unintended Consequences Simona Malovaná, Josef Bajzík, Dominika Ehrenbergerová, Jan Janků We examine the potential adverse effects of a prolonged period of low interest rates on financial stability from multiple perspectives. First, we provide a unique comparison of natural rates of interest estimated using two approaches – with and without financial factors – for six large European countries inside and outside the euro area. The results indica...

On the Determinants of Life and Non-Life Insurance Premiums Martin Hodula, Jan Janků, Martin Časta, Adam Kučera This paper tests potential determinants of the development of the insurance sector. Using a rich dataset for 24 European countries spanning two decades, we identify a set of macro-financial factors that are the most robust predictors of growth of gross premiums in the life and non-life insurance sectors. We show that both life and non-life premiums co-move with the business cycle a...