Mojmír Hampl (born 13 March 1975) is a Czech economist and writer, 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 Národní rozpočtová rada

Czech National Bank The Czech National Bank, (, ČNB) is the central bank and financial market supervisor in the Czech Republic, headquartered in Prague. It is a member of the European System of Central Banks. It was established on from the division of the State ...

. 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

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

Mladá Boleslav Mladá Boleslav (; ) is a city in the Central Bohemian Region of the Czech Republic. It has about 47,000 inhabitants. It lies on the left bank of the Jizera (river), Jizera River. Mladá Boleslav is the second most populated city in the region. I ...

and scientific councils of

Tomas Bata University in Zlín Tomas Bata University in Zlín (TBU), (Czech language, Czech ''Univerzita Tomáše Bati ve Zlíně''), is a Czech Republic, Czech public university in the Moravian city of Zlín, comprising six faculties offering courses in technology, economics ...

and

Masaryk University Masaryk University (MU) (; ) is the second largest university in the Czech Republic, a member of the Compostela Group and the Utrecht Network. Founded in 1919 in Brno, it now consists of ten faculties and 35,115 students. It is named after To ...

Brno Brno ( , ; ) is a Statutory city (Czech Republic), city in the South Moravian Region of the Czech Republic. Located at the confluence of the Svitava (river), Svitava and Svratka (river), Svratka rivers, Brno has about 403,000 inhabitants, making ...

, and was an

editorial board The editorial board is a group of editors, writers, and other people who are charged with implementing a publication's approach to editorials and other opinion pieces. The editorials published normally represent the views or goals of the publicat ...

member of the Czech history newspaper The Twentieth Century. He lectures at Czech and foreign universities, including

University of Oxford The University of Oxford is a collegiate university, collegiate research university in Oxford, England. There is evidence of teaching as early as 1096, making it the oldest university in the English-speaking world and the List of oldest un ...

. He has published three popular educational books in Czech.

Controversies

Hampl has been a supporter of

helicopter money Helicopter money is a proposed monetary policy for inflation targeting, 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) ...

, which he calls "direct support of consumption." In a deep

recession In economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be tr ...

accompanied by

deflation In economics, deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% and becomes negative. While inflation reduces the value of currency over time, deflation increases i ...

, he argues that

central banks A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monet ...

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. It is also a liability of the central bank, unless it is dividend-y ...

. According to Hampl, such a policy would circumvent the complicated

monetary transmission mechanism The monetary transmission mechanism is the process by which monetary policy decisions affect the broader macroeconomy through multiple channels including asset prices, money markets, and general economic conditions. Such decisions are implemente ...

inherent in the use of

quantitative easing Quantitative easing (QE) is a monetary policy action where a central bank purchases predetermined amounts of government bonds or other financial assets in order to stimulate economic activity. Quantitative easing is a novel form of monetary polic ...

and support

aggregate demand In economics, 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 the ...

directly. His proposals were endorsed by, for example, Eric Lonergan. However, critics claim that helicopter money drops could lead to a sharp increase in inflation rates. 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 asks a potential of

cryptocurrencies A cryptocurrency (colloquially crypto) is a digital currency designed to work through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. Individual coin ownership records ...

to become a full-fledged alternative to conventional money and defends a traditional elastic money system. 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 funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of la ...

caused by his claim in the Austrian newspaper

Der Standard ''Der Standard'' () is an Austrian daily newspaper published in Vienna. It is considered a newspaper of record for Austria. History and profile ''Der Standard'' was founded by Oscar Bronner as a financial newspaper and published its first editio ...

that the IMF by its communication effectively worsened the

2008 financial crisis The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners ...

in 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 Alumni of the University of Surrey Central bankers Prague University of Economics and Business alumni People from Zlín