Dr Jan

Dr Jan Libich

Senior Lecturer, Macroeconomics

College of Arts, Social Sciences and Commerce

La Trobe Business School

Department of Economics and Finance

Melbourne (Bundoora)


PhD (Economics): University of New South Wales, Sydney



Membership of professional associations

- Docent VŠB-TU Ostrava - Research Associate, CAMA, ANU (Macroeconomic Policy Frameworks section) - Economic Society of Australia - Czech Economic Association

Area of study


Brief profile

Jan Libich joined the Department of Economics and Finance, La Trobe University in July 2005. Prior to this appointment he completed his PhD at the School of Economics, University of New South Wales in Sydney and earlier degrees at the Prague School of Economics.

Jan’s research focuses on macroeconomic topics, primarily monetary and fiscal policies, as well as microeconomic areas of game theory and sports economics. In addition to authoring a book on economic policy and co-authoring to best-selling textbooks, he has published two dozen papers in academic journals including European Journal of Political Economy, Macroeconomic Dynamics, Journal of Institutional and Theoretical Economics, Economic Modelling, B.E. Journal of Macroeconomics and Journal of Sports Economics.

Over the past decade Jan has presented his research at over 100 seminars and conferences. This included the 2008 and 2012 American Economic Association meetings, high-profile universities (such as George Mason and London School of Economics), influential policy institutions such the International Monetary Fund and nine central banks (e.g. the European Central Bank, the U.S. Federal Reserve and the Reserve Bank of Australia).

Jan is also a dedicated teacher who has received a number of awards for his contributions to students’ learning. For example, he was awarded a 2012 Citation by the Australian government; and based on student nominations, reached the top spot for La Trobe University in the UniJobs ‘Lecturer of the Year’ poll - four years in a row (2009–2012).

He received a number of research grants including a Discover Project by the Australian Research Council. His one-hour video interviews with esteemed central bankers, politicians, and academics on various macroeconomic topics can be found at www.youtube.com/c/JanLibich.

Teaching units

- Principles of Economics - Recessions, Inflation, and Economic Growth - Quantitative Macroeconomic Modelling - Central Banks and Monetary Policy - Macroeconomic Theory - Managerial Economics

Recent publications

(the papers can be downloaded at www.janlibich.com)



·        Libich, J. (2015), Real-World Economic Policy: Insights from Leading Australian Economists, Cengage Australia, ISBN: 9780170364386, 340pp

·        Stonecash, R., Libich, J., Gans, J, King, S, Byford, M., and Mankiw, G. (2014), Principles of Macroeconomics: Australian Edition, 6e, ISBN 9780170248518, 536pp.

·        Gans, J, King, S, Stonecash, R., Byford, M., Libich, J., and Mankiw, G. (2014), Principles of Economics: Australian and New Zealand Edition, 6e, ISBN 9780170248532, 1008pp


·        Libich, J. and Machacek, M. (2016), ‘Insurance by Government or against Government? Overview of Public Risk Management Policies’, forthcoming at the Journal of Economic Surveys

·        Libich, J., Nguyen, D. and Stehlik, P (2015) ‘Monetary Exit and Fiscal Spillovers’, European Journal of Political Economy, 40, pp184-206.

·        Libich, J. and Nguyen, D. (2015) ‘Strategic Monetary-Fiscal Interactions in a Downturn’, Economic Record, 91(293), pp172-190.

·        Libich, J. and Nguyen, D. (2013), ‘Macro Meets Micro: Stochastic (Calvo) Revisions in Games’, the B.E. Journal of Theoretical Economics, 14(1).

·        Lenten, L., Libich, J., and Stehlík, P. (2013), ‘Policy Timing and Footballers’ Incentives: Penalties Before or After Extra-time? the Journal of Sports Economics, 14(6), pp629-655.

·        Hughes Hallett, A. and Libich, J. (2011), ‘Explicit Inflation Targets, Communication, and Central Bank Independence: Friends or Foes?', Economic Change and Restructuring, 45(4), pp271-297.

·        Libich, J. and Stehlík, P. (2011), ‘Monetary Policy Facing Fiscal Indiscipline Under Generalized Timing of Actions’, Journal of Institutional and Theoretical Economics, 168(3), pp393-431.

·        Libich, J. (2011), ‘Inflation Nutters? Modelling the Flexibility of Inflation Targeting’, The B.E. Journal of Macroeconomics (Topics), 11(1), Article 17

·        Libich, J. and Stehlík P. (2011), ‘Endogenous Monetary Commitment’, Economics Letters, 112, pp103–106

·        Hughes Hallett, A., Libich, J., and Stehlík P. (2010), ‘Macroprudential Policies and Financial Stability’, the Economic Record, 87(277), pp318-335

·        Libich, J. and Stehlík, P. (2010), ‘Incorporating Rigidity and Commitment in the Timing Structure of Macroeconomic Games’, Economic Modelling, Elsevier, 27, pp767–781

·        Libich, J. (2009), ‘A Note on the Anchoring Effect of Explicit Inflation Targets’, Macroeconomic Dynamics, Cambridge University Press, Volume 13(5), pp685–697

·        Hughes Hallett, A., Libich, J., and Stehlík P. (2009), 'Rogoff Revisited: The Conservative Central Banker Proposition Under Active Fiscal Policies', Economics Letters, Elsevier, Volume 104(3), pp140-143

·        Libich, J. (2008), ‘An Explicit Inflation Target as a Commitment Device’, Journal of Macroeconomics, Elsevier, Volume 30(1), pp43-68

·        Hughes Hallett, A. and Libich, J. (2007), ‘Fiscal-Monetary Interactions: The Effect of Fiscal Restraint and Public Monitoring on Central Bank Credibility, Open Economies Review, Springer, Volume 18(5), pp559-576



·        Libich, J. (2014), ‘The Economic Future of Europe: Change of Diet or Premature Death?’, World Economics, 15(4), pp73-103.

·        Hughes Hallett, A., Libich, J., and Stehlík P. (2014), ‘Monetary and Fiscal Policy Interaction with Various Degrees of Commitment’, Czech Journal of Economics and Finance, 64(1), pp2-29.

·        Libich, J., Savage, J., and Walsh, C.E. (2011), ‘Monetary-Fiscal Interactions: How To Improve Policy Outcomes?’ Symposium at ACE 2010, Economic Papers, 30(1), pp1-5

·        Franta, M., Libich, J. and Stehlík P. (2011), ‘The Big Picture of Monetary-Fiscal Interactions?’, Symposium at ACE 2010, Economic Papers, 30(1), pp6-14

·        Hughes Hallett, A., Libich, J., and Stehlík P. (2010), ‘Welfare Improving Coordination of Fiscal and Monetary Policy’, AUCO Czech Economic Review, 5, pp7-26

·        Libich, J., Stehlík P. and Savage, J. (2010), ‘Fiscal Neglect in a Monetary Union’, Economic Papers, 29(3), pp301-309

·        Libich, J. and Savage, J. (2010), ‘Tethering the Fiscal Sow: Monetary Policy that Keeps Pork in the Sty’, Policy 26(3), Spring, pp14-19

·        Harding, D. and Libich, J. (2010) ‘Froth and Bubble: The State of Paul Krugman's Macroeconomic Analysis’, Agenda, 17(1), pp83-88

·        Libich, J. and Stehlík, P. (2008), ‘Macroeconomic Games on Time Scales’, Dynamic Systems and Applications, Volume 5, pp274-278

·        Libich, J. (2006), ‘Should Monetary Policy Be Transparent?’, Policy 22(1), Autumn, pp28-34


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