Monetary Policy Rules with Financial Instability
Ales Bulir has been holding a research position at the IMF since 1993. Earlier he worked at the Czech National Bank. He was assistant and associate professor at the Prague University of Economics in 1987-1993 and 2002-2003. He is associate editor of the Czech Journal of Economics and Finance, member of the editorial board of Economic Systems, in 2001-2006 he was member of the External Research Committee of the Czech National Bank. His recent publications include 'The Dynamic Implications of Foreign Aid and its Variability', Journal of Development Economics, 2009 (co-authors: C. Arellano, T. Lane and L. Lipschitz); 'Volatility of Development Aid: From the Frying Pan into the Fire?', World Development, 2008 (co-author: A. Hamann); and 'Writing Clearly: ECB's Monetary Policy Communication', WP/08/252 (co-authors: M. Cihak and K. Smidkova).