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.

Career

Mojmír Hampl was born in Zlín and studied economics at the

University of Economics, Prague The Prague University of Economics and Business (PUEB) (originally: ''the University of Economics, Prague''; '' cs, Vysoká škola ekonomická v Praze, VŠE'') is a triple crown accredited economics and business-oriented public university loc ...

. He defended his PhD thesis at the same institution in 2004. Afterwards he also pursued

postgraduate education Postgraduate or graduate education refers to Academic degree, academic or professional degrees, certificates, diplomas, or other qualifications pursued by higher education, post-secondary students who have earned an Undergraduate education, un ...

at the

University of Surrey The University of Surrey is a public research university in Guildford, Surrey, England. The university received its royal charter in 1966, along with a number of other institutions following recommendations in the Robbins Report. The institut ...

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 An economist is a professional and practitioner in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are ...

. Between 2002 and 2004, he worked at Česká spořitelna, a Czech

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

, as an analyst of

financial markets A financial market is a market in which people trade financial securities and derivatives at low transaction costs. Some of the securities include stocks and bonds, raw materials and precious metals, which are known in the financial markets ...

Central and Eastern Europe Central and Eastern Europe is a term encompassing the countries in the Baltics, Central Europe, Eastern Europe and Southeast Europe (mostly the Balkans), usually meaning former communist states from the Eastern Bloc and Warsaw Pact in 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 Václav Klaus (; born 19 June 1941) is a Czech economist and politician who served as the second president of the Czech Republic from 2003 to 2013. From July 1992 until the dissolution of Czechoslovakia in January 1993, he served as the secon ...

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 The Chamber of Deputies, officially the Chamber of Deputies of the Parliament of the Czech Republic ( cs, Poslanecká sněmovna Parlamentu České republiky), is the lower house of the Parliament of the Czech Republic. The chamber has 200 seats ...

on a proposal of the

Senate of the Czech Republic The Senate (), literally "Senate of the Parliament of the Czech Republic", is the upper house of the Parliament of the Czech Republic. The seat of the Senate is Wallenstein Palace in Prague. Structure The Senate has 81 members, chosen in s ...

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 The Government of the Czech Republic ( cz, Vláda České republiky) exercises executive power in the Czech Republic. The members of the government are the Prime Minister of the Czech Republic (Chairman of the Government), the deputy prime min ...

. Hampl is a member of the academic council of Škoda Auto University in

Mladá Boleslav Mladá Boleslav (; german: Jungbunzlau) is a city in the Central Bohemian Region of the Czech Republic. It has about 42,000 inhabitants. Mladá Boleslav is the second most populated city in the region and a major centre of the Czech automotive ind ...

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 , mottoeng = The Lord is my light , established = , endowment = £6.1 billion (including colleges) (2019) , budget = £2.145 billion (2019–20) , chancellor ...

. 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 Public choice, or public choice theory, is "the use of economic tools to deal with traditional problems of political science".Gordon Tullock, The New Palgrave: A Dictionary of Economics,

987 Year 987 ( CMLXXXVII) was a common year starting on Saturday (link will display the full calendar) of the Julian calendar. Events By place Byzantine Empire * February 7 – Bardas Phokas (the Younger) and Bardas Skleros, two membe ...

2008, "public choice," ''The New Palgrave Dictionar ...

theory,

monetary policy Monetary policy is the policy adopted by the monetary authority of a nation to control either the interest rate payable for very short-term borrowing (borrowing by banks from each other to meet their short-term needs) or the money supply, often a ...

natural resources Natural resources are resources that are drawn from nature and used with few modifications. This includes the sources of valued characteristics such as commercial and industrial use, aesthetic value, scientific interest and cultural value. O ...

and general

economic theory Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes ...

. Mojmír Hampl is married with two children.

Controversies

Mojmír Hampl has been a supporter of

helicopter money 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 (when interest rates near zero and the economy remains in recession). Althoug ...

, which he calls "direct support of consumption." He argues that, in a deep

recession In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various ...

accompanied by deflation,

central banks A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...

should create new money and send them to households via

central bank digital currency A central bank digital currency (CBDC) (also called digital fiat currency or digital base money) is a digital currency issued by a central bank, rather than by a commercial bank. A report by the Bank for International Settlements states that, ...

. According to Hampl, such a policy would circumvent the complicated monetary transmission mechanism inherent in the use of quantitative easing and support

aggregate demand In macroeconomics, aggregate demand (AD) or domestic final demand (DFD) is the total demand for final goods and services in an economy at a given time. It is often called effective demand, though at other times this term is distinguished. This is ...

directly. His proposals were endorsed by, for example,

Eric Lonergan The given name Eric, Erich, Erikk, Erik, Erick, or Eirik is derived from the Old Norse name ''Eiríkr'' (or ''Eríkr'' in Old East Norse due to monophthongization). The first element, ''ei-'' may be derived from the older Proto-Norse ''* ain ...

. However, critics claim that helicopter money drops could lead to a sharp increase in inflation rates. Mojmír Hampl is also opposed to euro adoption in the Czech Republic and gave a speech in the European Parliament on the potential break-up of the euro area.In his speeches he frequently questions a potential of

cryptocurrencies A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank A bank is a financial i ...

to become a full-fledged alternative to conventional money and defends a traditional elastic money system. He has also been a fervent opponent of the introduction of the

European Union financial transaction tax The European Union financial transaction tax (EU FTT) is a proposal made by the European Commission to introduce a financial transaction tax (FTT) within some of the member states of the European Union (EU). The proposed EU financial transac ...

. In 2010 he had a public dispute with the

IMF The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ...

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 Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fi ...

on Central and Eastern Europe. The IMF denied this claim.

References

External links

Personal website
{{DEFAULTSORT:Hampl, Mojmir 1975 births Living people 21st-century Czech economists Central bankers Prague University of Economics and Business alumni People from Zlín