Jaroslav Horvath
Jay (Jaroslav) Horvath is an Associate Professor of Economics at the University of New Hampshire. His work focuses on investigating the impact of international shocks, which often originate in the U.S., on business cycle and asset price fluctuations in emerging market economies. In addition, his research examines asset pricing under disaster risk characterized by low probability events with catastrophic consequences such as wars, financial crises, and pandemics.
Research Interests
- Business Cycles/Crises
- International Economics
- Macroeconomics
- Open Economy Macroeconomics
Courses Taught
- ECON 611: Inter Macroeconomic Analysis
- ECON 635: Money and Banking
- ECON 972: Macroeconomics I Lab
- ECON 988: Graduate Economics Seminar
Selected Publications
Germaschewski, Y., Horvath, J., & Zhong, J. (2022). Oral interventions in the foreign exchange market: evidence from Australia. EMPIRICAL ECONOMICS, 62(6), 2713-2737. doi:10.1007/s00181-021-02112-5
Horvath, J., & Yang, G. (2022). Unemployment dynamics and informality in small open economies. EUROPEAN ECONOMIC REVIEW, 141. doi:10.1016/j.euroecorev.2021.103949
Horvath, J., & Rothman, P. (2021). Mortgage spreads, asset prices, and business cycles in emerging countries q. JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 115. doi:10.1016/j.jimonfin.2021.102370
Germaschewski, Y., Horvath, J., & Rubini, L. (2021). Property rights, expropriations, and business cycles in China. JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 125. doi:10.1016/j.jedc.2021.104100
Horvath, J. (2020). Macroeconomic disasters and the equity premium puzzle: Are emerging countries riskier?. JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 112. doi:10.1016/j.jedc.2020.103852
Horvath, J. (2019). Isolating the disaster risk premium with equity options. JOURNAL OF EMPIRICAL FINANCE, 51, 138-148. doi:10.1016/j.jempfin.2019.02.005
Horvath, J., & Zhong, J. (2019). Unemployment dynamics in emerging countries: Monetary policy and external shocks. Economic Modelling, 76, 31-49. doi:10.1016/j.econmod.2018.07.017
Horvath, J. (2018). Business cycles, informal economy, and interest rates in emerging countries. JOURNAL OF MACROECONOMICS, 55, 96-116. doi:10.1016/j.jmacro.2017.10.002
Most Cited Publications