|  | 
	
		| First Author:
 
 | 
	
		|  | 
	
		| Eugen  Kovac | 
	
		| University of Bonn and CERGE-EI | 
	
		| eugen.kovac@uni-bonn.de | 
	
		|  | 
	
		| Department of Economics, University of Bonn, Adenauerallee 24-26 | 
	
		| Bonn, 53113, Germany | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		| http://www.uni-bonn.de/~kovac | 
	
	
		| Second Author: 
 
 | 
	
		| Martin  Vojtek | 
	
		| CERGE-EI and Czech National Bank | 
	
		| martin.vojtek@cerge-ei.cz | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		|  | 
	
	
		| Third Author: 
 
 | 
	
		| Andreas  Ortmann | 
	
		| CERGE-EI | 
	
		| andreas.ortmann@cerge-ei.cz | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		|  |