Jan Novotny’s ‘Alumni Speech’ at the 2014 Graduation Gala

Dear fresh graduates, students, professors, honourable guests and alumni, welcome at the second Graduation Gala at our beautiful Schebek Palace.

This is a second year, we all meet here and we can proudly say we have all together established an amazing tradition at CERGE-EI. This event gives us an opportunity to celebrate fresh graduates, for some of you to get a new push to keep the pace towards your future graduation, and for some of us time to recall our memories, when we were graduating. We can just envy that the Graduation Gala was not already back in our times, when we were receiving our diplomas.

With graduation, part of the life ends but a completely new and exciting part just starts. What I have seen around me, many of us started to explore new countries, competing on new markets, exploring completely unimaginable career paths full of uncertainty. After the graduation, we have gone all over the world. Colleagues I was meeting in hallways ended up in the United States, various countries in Europe and even in Asia or Africa. In my case, I got to Cass Business School in London. London is a terribly big city.

Continue reading Jan Novotny’s ‘Alumni Speech’ at the 2014 Graduation Gala

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New Economic Talent Competition: Winner Announced!

If the topic is young economic talent, you’ve got CERGE-EI’s attention. There is nothing that this institution cares about more than encouraging and nurturing the brilliant young minds who will be the next generation of academics, business leaders, and policy makers. Many of these talented young students constitute our impressive and diverse student body. They come here smart, they leave here much smarter, and they continue on after their studies to help change the world.

But while we know that there are budding economists all over the world, it’s not always so easy to find them. CERGE-EI’s New Economic Talent Competition, launched for the first time this winter, intends to help make locating them a little bit easier. NET invited undergraduate students world-wide to submit for competition their independent research papers on an economic subject. CERGE-EI was delighted to receive submissions from nearly 25 countries, and the quality of the research was impressive to say the least.

Submissions were evaluated and ranked by a committee of CERGE-EI visiting scholars. After much deliberation, three finalists were invited to Prague to present their final paper. Then on Saturday 31st May all the finalists were invited to attend the CERGE-EI Graduation Gala where the results were announced by Prof. Jan Švejnar, the ‘Founding Father’ of CERGE-EI.

And the winner is… Justin Grider, with his paper ‘Wheelchairs and Income: An Impact Evaluation of Wheelchair Allocation in Ethiopia.‘ Justin received $1,000 USD, generously donated by Nadace CERGE-EI foundation, and he dined alongside VIP guests at the Gala. He will also receive an invitation to the Global Development Network Conference in 2015 to present his paper (his travel costs and accommodation will be covered) and a VIP ticket to the next Distinguished Speaker Series at CERGE-EI.

We would like to wish our congratulations to all three finalists for their participation and impressive submissions. These young men and women are representatives of the new economic talent of their generation. We look forward to the submissions for the 2nd NET competition in spring 2015!

Learn more about the competition and read the winning paper abstract here.

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2nd Annual CERGE-EI Graduation Gala: A Night We Won’t Soon Forget!

On Saturday, May 31st, the CERGE-EI community reunited to celebrate yet another successful year providing top notch economic research and education. The spectacular Gala was filled with speeches, gourmet food, live music and dancing. Alumni, students, faculty, board members, corporate partners, and supporters celebrated throughout the evening together. And of course all the guests were amazed by the exquisite neo-renaissance palatial rooms of CERGE-EI’s Schebek Palace.

All who attended will agree: the 2nd Annual Graduation Gala at CERGE-EI was an unbridled success. We welcomed over 150 guests—students, alumni, faculty and staff, the members of our governing bodies, as well as our donors and other business guests.

The Gala started with a champagne reception accompanied by a live jazz quartet. Dressed in their best suits and dresses, most guests were eager to have their ‘celebrity photo’ on the red carpet at the top of CERGE-EI’s regal marble stairwell. An audience gathered to hear welcome speeches by Susan Walton (CERGE-EI Foundation Board member) and Jan Švejnar (a ‘Founding Father’ of CERGE-EI and Chairman of the ESC). Professor Švejnar proudly announced the winner of the New Economic Talent Competition, a new CERGE-EI competition which invited undergraduate students world-wide to submit their research papers.

Before dinner, guests also heard a keynote speech by Magdalena Souček, the Country Managing Partner of EY Czech Republic. Ms. Souček spoke about the importance of quality higher education in Czech Republic and the wider region, and expressed her gratitude to CERGE-EI for educating the next generation of scholars and leaders.

After a wonderful dinner, the Gala continued with remarks by Randall Filer (Professor of Economics at Hunter College-CUNY and president of the CERGE-EI Foundation USA), a touching speech by PhD graduate Petar Stankov, and remarks from Jan Novotny (CERGE-EI alumnus and member of the CERGE-EI Foundation US Board of Directors). CERGE-EI Student Alexandra Pohylkov then delighted the audience with a wonderful singing performance.

Guests enjoyed some elegant dancing to the live band before CERGE-EI students began announcing the ‘student superlatives’ awards, which included ‘The Beautiful Mind Award’, ‘The Mother Teresa Award’, ‘The Ponzi Award’, and ‘The Nightmare on Politickych Veznu Award’.

The mood shifted from elegance to revelry as the hours passed. With the live band bringing up the energy, everyone was eager to show off their dance moves under the chandeliers and frescoes in the main ballroom. The band eventually had to go home, but an energetic DJ jumped in without missing a beat and kept the music and dancing going until the late hours of the night.

Now for the second year in a row, the Gala is quickly becoming CERGE-EI tradition. Once a year, the students, faculty, staff, alumni and affiliates who make CERGE-EI such a successful place deserve a night like this. With each passing year, the Gala offers the best opportunity for the CERGE-EI community to reunite and celebrate. Looking forward to next year!

See the gala photos here!

httpv://www.youtube.com/watch?v=roiWimlGdOk&feature=youtu.be

We would like to once again express our sincere gratitude to the supporters of the event: EY (Ernst & Young), Martin Kálovec (BCG), Benson Oak, Jack Stack (Česká spořitelna), OGResearch, CERGE-EI Foundation and Nadace members, the Stapleton-Springer Winery, and the Herold Březnice Brewery.

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PUBLIC SEMINAR: Professor Steve Rivkin on School Decentralization

On April 29th, 2014 CERGE-EI and think-tank IDEA organized a special lecture with Prof. Steven Rivkin titled “Decentralization, School Leaders, and the Quality of Teaching”. Dr. Rivkin is Professor of Economics and Head of the Department of Economics at University of Illinois at Chicago. He is also Associate Director of Research with the Texas Schools Project at the University of Texas at Dallas, Fellow at the National Bureau of Economic Research, and is a part of the CALDER Texas team.  He was also a post-doctoral fellow in the NSF urban poverty program at Northwestern University.

Topics discussed at the event included:

  • Why do principals have a big effect on the quality of teaching?
  • Does decentralization elevate the importance of principals?
  • When are principal evaluations of teachers effective at raising the quality of instruction?
  • Why do so many evaluation systems fail to provide fair and useful ratings and information?

Watch the whole seminar below!:

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Welfare and Consumption Inequality: A CERGE-EI Interview with Prof. Richard Blundell

Professor Richard Blundell (UCL) came to CERGE-EI in March 2014 to discuss his paper “”Female Labour Supply, Human Capital and Welfare Reform.” During his time here, he sat down for a brief interview with PhD student Liyou G. Borga to discuss his ideas on welfare and consumption inequality.

Watch highlights from the interview in HD!:

httpv://www.youtube.com/watch?v=H8wMaDq_Svc&feature=youtu.be

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EEAG Report on the European Economy at CERGE-EI: Watch the Video!

On March 26th, a panel of experts from the European Economic Advisory Group (EEAG) visited CERGE-EI to present an interesting report on the European economy.

The event was hosted by Josef Kotrba (Managing Partner, Deloitte). The panel speakers were Jan-Egbert Sturm (ETH Zurich, European Journal of Political Economy), Giuseppe Bertola (EDHEC Business School), and Vilem Semerak (CERGE-EI, IDEA think-tank).

Watch the entire event (including the presentation slides) below:

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Toxoplasma Gondii and the “Missing Girls” in the South Caucasus

Touching raw meat is one of the main ways to infect oneself with Toxo. Is the meat-rich Georgian cuisine related to the skewed sex ratio at birth? (Photo: Wikimedia Commons)

In a 2012 article that was published on the ISET Economist Blog, Yaroslava Babych did justice to what lately has been a theme of scientific gossip and backstage talk, which I have personally often encountered among socially (albeit not exclusively) inclined economists about the alarming sex ratio at birth (SRB) statistics in Georgia and its neighboring countries. Yaroslava Babych presented numbers showing that SRB—the ratio of boys to girls in a baby population— of Georgia is topped just by China, Azerbaijan, and Armenia.

Judging from the number of comments that followed, the blog proved popular as it generated a lot of attention and sparked a healthy discussion about potential causes of the problem. People engaged in the discussion suggested all sorts of explanations, varying from preferences of males over females and sex selective abortions to the “returning soldier effect”, parental stress as well as the country specific diet. This article however, intends to give an alternative perspective on the topic, which I think will enrich the discussion.

In the early 1990s Jaroslav Felgr, an evolutionary biologist at Charles University in Prague and a collaborator of mine, started to analyze the influence of a particular single-celled brain parasite on human behavior. This parasite of protozoan family known as Toxoplasma gondii (or Toxo) was discovered in 1908 in the body of the exotic rodent Ctenodactylus gundi (hence the name gondii). Flegr advocates that Toxo is the classic exhibition of the manipulation hypothesis, which maintains that parasites have an ability to alter behavior of their hosts in order to maximize the chances of transmitting of their own genes across generations. The definitive hosts of Toxoplasma are animals from the cat family or felines — the only species in which parasite reproduce sexually. In contrast, any warm-blooded animal (mostly rodents such as rats, mice) can become infected as a fetus or after birth by feeding on food contaminated with feline excrement infected by the parasite. In order to close the evolutionary cycle, Toxo faces the challenge of getting a rodent to be eaten by a cat. To do so, Toxo devised a powerful strategy: it began to manipulate its host’s brain so that the smell of predator urine sexually aroused rodents, therefore removing their instinctive fear of cats and making them lethargic. Sluggish rodents then go around exploring the cat’s urine, thereby making them easy prey — a condition called “Feline Fatal Attraction.”

But what does this have to do with the sex ratio in humans? In his 2011 book Watch out for Toxo! (available for free online), Flegr claims that one-third of the world’s population has toxoplasmosis — a disease caused by Toxoplasma. Prevalence of toxoplasmosis varies dramatically across countries. It can be as low as 4% in South Korea and as high as 78% in Nigeria. In Europe, Toxo prevalence varies between 11% in Norway and 63% in Germany.

Could it be that Toxoplasma is also trying to alter humans’ senses in a way similar to rodents, thus making them behaving in bizarre ways? Flegr and his crew generated a set of results that answer affirmatively to part of this question. Toxoplasma-infected patients show slowed reaction times and face an increased risk of depression, schizophrenia, car accidents, and suicide (Flegr, J. (2013): “How and why Toxoplasma makes us crazy”, Trends in Parasitology, 29(4), 156-163). In a 2011 paper (“Fatal Attraction Phenomenon in Humans – Cat Odour Attractiveness Increased for Toxoplasma-Infected Men While Decreased for Infected Women”, PLoS Neglected Tropical Diseases, 5(11)), Flegr claims that, like rodents, infected men find the odour of cat urine increasingly pleasant. Interestingly, infected women displayed lower levels of intrigue with the smell of cat urine than uninfected women did.

Interesting as all this may be, we still haven’t answered our original question: how can Toxoplasma be influencing the sex ratio at birth? In a 2006 article, Flegr links Toxo infection to the propensity to have male or female offspring (“Women infected with parasite Toxoplasma have more sons”, Naturwissenschaften 94, 122–127). An analysis of clinical records in Prague showed that women, infected with Toxoplasma right before pregnancy had a 72% chance of giving birth to a boy, which means that there were 260 boys for every 100 girls in the population (as a quick comparison, Yaroslava Babych reported that in the South Caucasus the highest value of the sex ratio at birth is 116). According to Flegr and co-authors, there is a good evolutionary story behind observed result. In primitive societies, where men’s primary occupation was hunting, which required men to be aggressive, exploratory and willing to pursue prey over large distances, it was more likely that they would be eaten by wild felines. Therefore, the male-biased sex ratio can be seen as the parasite’s way of ensuring the completion of its evolutionary life cycle. The same study showed that for women with Toxoplasmosis that lasted relatively longer, the probability of giving birth to a son dropped to 45%. However, the evolutionary role of Toxo’s effect on the sex ratio is still debated, and the details of a biological mechanism are outside the scope of this article.

This result did not proof that Toxo was the cause of the skewed sex ratio, because it might well be that high the sex ratio at birth, as well as the tendency to be Toxo-infected, is caused by a common unobserved factor such as increased levels of testosterone. To rule out this possibility, in a 2007 study (“Influence of latent toxoplasmosis on the secondary sex ratio in mice”, Parasitology, 134(12), 1709-1717), Flegr’s team experimentally demonstrated that artificially infected mice had an increased probability (59%) of giving birth to male pups in the earlier weeks of infection. However, as time passed the sex ratio at birth has reversed and the chance of giving birth to males dropped to 40%.

Continue reading Toxoplasma Gondii and the “Missing Girls” in the South Caucasus

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New Video: ASHA Supports the CERGE-EI Library

CERGE-EI Library is a proud and grateful recipient of USAID/ASHA support for the purchases of library commodities. From 2012-2013, ASHA has generously provided support for the acquisition of key resources for the CERGE-EI library, including books, journals, and monographs. The library has used ASHA funds to offer expanded electronic resources, making the library an increasingly accessible learning environment for the region.

httpv://www.youtube.com/watch?v=l_co8ixf0Is&feature=youtu.be

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CERGE-EI Interview: Corporate Governance with Professor Jesse Fried

Jesse M. Fried is a Professor of Law at Harvard Law School. In this CERGE-EI interview, Professor Fried discusses his fascination with corporate governance and identifies how bad corporate governance has a serious impact on firm efficiency and helps contribute to economic crises.

Professor Fried visited CERGE-EI in January as a Fulbright Specialist. He holds an A.B. and A.M in Economics from Harvard University, and a J.D. magna cum laude from Harvard Law School. His well-known book Pay without Performance: the Unfulfilled Promise of Executive Compensation, co-authored with Lucian Bebchuk, was published in 2004 and has been widely acclaimed by both academics and practitioners

httpv://www.youtube.com/watch?v=YlvuCWGPzOI

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Open Day at CERGE-EI: Meet Your Future Faculty on March 6th!

Do you want to study at a leading economics institute in the region? The CERGE-EI Open Day is a chance for masters and bachelor students to explore and learn more about CERGE-EI. The Open Day includes:

  •  Presentations on PhD and Masters Programs
  •  Opportunity to meet students, faculty, and alumni
  •  Classes open to visitors (Thursday 6th March and Friday 7th March)

Come to find out more about studying at CERGE-EI. Explore our campus in the center of Prague, meet your future faculty, get to know the students, and hear what alumni have to say about CERGE-EI enhancing their career.

httpv://www.youtube.com/watch?v=nSCNgkY84cE

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