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(help)Mojmír Hampl | |
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Chairman Czech Fiscal Council | |
Assumed office 14 July 2022 | |
Preceded by | Eva Zamrazilová |
Director responsible for financial sector services at KPMG Czech Republic | |
In office 2019–2021 | |
Vice-Governor Czech National Bank | |
In office 1 March 2008 –30 November 2018 | |
Member Czech National Bank | |
In office 1 December 2006 –30 November 2018 | |
Personal details | |
Born | Zlín,Czechoslovakia | 13 March 1975
Nationality | Czech |
Alma mater | University of Economics,Prague University of Surrey |
Mojmír Hampl (born 13 March 1975) is a Czech economist,who has been the Chairman of the Czech Fiscal Council since 2022. Previously,from 2019 to 2021,he worked for KPMG Czech Republic as a director responsible for financial sector services. Between 2006 and 2018 he served as a board member of the Czech National Bank. From 2008 he held the post of CNB Vice-Governor. He has been also a co-founder and a board member of the Institute of Economic Education INEV in Prague. [1]
Mojmír Hampl was born in Zlín and studied economics at the University of Economics,Prague. He defended his PhD thesis at the same institution in 2004. Afterwards he also pursued postgraduate education at the University of Surrey in the United Kingdom,where he obtained the title Master of Science.
He started to work at the Czech National Bank in 1998 as an economic analyst. Between 2002 and 2004,he worked at Českáspořitelna,a Czech commercial bank,as an analyst of financial markets in Central and Eastern Europe. At the same time he also served as an external advisor to the Czech Ministry of Finance responsible for the preparation of public finance reforms. Between 2004 and 2006 he served as a board member and director of the Czech Consolidation Agency.
President Václav Klaus appointed Hampl a member of the Czech National Bank's board on 1 December 2006 and then Vice-Governor on 1 March 2008. In 2012 Hampl was reappointed for another six-year term,which expired on 30 November 2018.
In 2019–2021,he worked for KPMG Czech Republic. As a director he was responsible for financial sector services.
In December 2021 he was elected to the Czech Fiscal Council by the Chamber of Deputies of the Czech Republic on a proposal of the Senate of the Czech Republic for a six-year term. In July 2022 he was elected the Chairman of the Czech Fiscal Council on a proposal of the Government of the Czech Republic.
Hampl is a member of the academic council of Škoda Auto University in MladáBoleslav and scientific council of Tomas Bata University in Zlín,and was an editorial board member of the Czech history newspaper The Twentieth Century. He lectures at Czech and foreign universities,including University of Oxford. [2]
In 1999 Hampl received the prize Young Economist of the year awarded by the Czech Economic Society. He has published around 150 popular and scientific articles in the fields of economic methodology,public choice theory,monetary policy,natural resources and general economic theory.
Mojmír Hampl is married with two children.
Mojmír Hampl has been a supporter of helicopter money, [3] which he calls "direct support of consumption." [4] He argues that,in a deep recession accompanied by deflation,central banks should create new money and send them to households via central bank digital currency. [5] According to Hampl,such a policy would circumvent the complicated monetary transmission mechanism inherent in the use of quantitative easing and support aggregate demand directly. [4] His proposals were endorsed by,for example,Eric Lonergan. [6] However,critics claim that helicopter money drops could lead to a sharp increase in inflation rates. [7] Mojmír Hampl is also opposed to euro adoption in the Czech Republic [8] and gave a speech in the European Parliament on the potential break-up of the euro area. [9] In his speeches he frequently questions a potential of cryptocurrencies to become a full-fledged alternative to conventional money and defends a traditional elastic money system. [10] [11] He has also been a fervent opponent of the introduction of the European Union financial transaction tax.
In 2010 he had a public dispute with the IMF caused by his claim in the Austrian newspaper Der Standard that the IMF by its communication effectively worsened the impacts of the financial crisis of 2007–2008 on Central and Eastern Europe. The IMF denied this claim. [12]
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The koruna,or crown,has been the currency of the Czech Republic since 1993. The koruna is one of the European Union's eight currencies,and the Czech Republic is legally bound to adopt the euro in the future.
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Helicopter money is a proposed unconventional monetary policy,sometimes suggested as an alternative to quantitative easing (QE) when the economy is in a liquidity trap. Although the original idea of helicopter money describes central banks making payments directly to individuals,economists have used the term "helicopter money" to refer to a wide range of different policy ideas,including the "permanent" monetization of budget deficits –with the additional element of attempting to shock beliefs about future inflation or nominal GDP growth,in order to change expectations. A second set of policies,closer to the original description of helicopter money,and more innovative in the context of monetary history,involves the central bank making direct transfers to the private sector financed with base money,without the direct involvement of fiscal authorities. This has also been called a citizens' dividend or a distribution of future seigniorage.
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Zdeněk Tůma is a Czech economist. From 2000 to 2010,he was Governor of the Czech National Bank (CNB). From 2011 to 2019,he worked in the private sector at the audit and consulting firm KPMG Czech Republic. Since 2019,he has been the chair of the supervisory board of the ČSOB Group.
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