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Thursday, 17 September, 2026

Master´s Thesis Defense Presentations September 2026

Defense Committee: Jan Zápal, Teresa Freitas-Monteiro, Ole Jann

10:00

Oganesyan Robert: Comparison of Simple and Advanced ETF Portfolio Allocation Strategies across Major World Regions and Economic Sectors for a Retail Investor

11:00

Kaucký Richard: Fiscal Policy in the Context of an Aging Population: The Case of the Czech Republic

12:00

Yeghoyan Milena: The Effects of COVID-19 on the Global Economy: A Cross-country Comparison

14:00

Orujova Nurana: Macroeconomic Responses to the 2014 - 2016 Oil Price Decline in Oil-Exporting Economies: A Cross-Country Event Study

15:00

Balakishiyeva Elnara: Energy Prices and Macroeconomic Adjustments in European Industrial Sectors, 1995-2011

Balakishiyeva Elnara

Abstract:

This thesis replicates Marin and Vona (2019) and adopts a common framework to examine adjustments to predicted energy-price exposure beyond employment. The sample covers European industrial sectors over 1995–2019. The empirical framework relies on national end-use energy prices, fixed fuel shares, first differences, and controls for structural transformations. The findings show limited aggregate employment adjustment, alongside increases in the shares of technicians and professionals and a decline in the share of manual workers. Labor productivity and real value-added experience short-lived increases, yet the effects weaken over later periods. Aggregate investment shows a delayed negative response, whereas the effects on total investment and its composition do not remain robust when I use revised or extended data. Common-sample comparisons suggest that the weaker productivity results are mainly associated with later years, whereas the investment results are also sensitive to data revisions.

Full Text: “Energy Prices and Adjustments in European Industrial Sectors"