Jan Janků

Jan JankůJan Janků received his Ph.D. in Economics at the VSB-Technical University of Ostrava, where he holds Associate professor position. He has also been working as an analyst in the Financial Stability Department of the Czech National Bank since 2019. In his research, he focuses on the issues of financial stability (specifically, assessing the impacts of macroprudential policy tools, the interaction of structural and cyclical systemic risks, and insurance sector determinants). His earlier research focused on political budget cycles, with publications in the Journal of Public Economics and others.

Papers Published in World Economics:

Averting Public Debt Tsunami

This study introduces an innovative policy proposal designed to improve the fiscal stance of most countries towards long-term sustainability. We suggest implementing ‘deficit taxes’ for individuals and (100-fold higher) ‘deficit fines’ for politicians in any year in which a (cyclically adjusted) budget deficit occurs. In line with the theory of ‘rational inattention’, these taxes and fines will incentivise voters and politicians to stop ignoring debt accumulation and the threat of a fiscal crisis.

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