{"id":96244,"date":"2025-09-09T13:05:45","date_gmt":"2025-09-09T17:05:45","guid":{"rendered":"https:\/\/www.bu.edu\/met\/?post_type=profile&#038;p=96244"},"modified":"2025-09-10T15:49:39","modified_gmt":"2025-09-10T19:49:39","slug":"maruska-vizek","status":"publish","type":"profile","link":"https:\/\/www.bu.edu\/met\/profile\/maruska-vizek\/","title":{"rendered":"Maru\u0161ka Vizek"},"content":{"rendered":"<p>Dr. Maru\u0161ka Vizek is a visiting associate professor of finance at Boston University\u2019s Metropolitan College. She brings over twenty years of academic research experience in economics and finance, with areas of expertise that include international finance, tourism economics, housing economics, energy economics, and international macroeconomics. Her research has been published in leading academic journals such as the <em>Journal of Empirical Finance<\/em>, <em>Regional Studies<\/em>, <em>Tourism Management<\/em>, <em>Energy Economics<\/em>, and <em>Annals of Tourism Research<\/em>, earning broad recognition within the scholarly community.<\/p>\n<p>Dr. Vizek has held several leadership roles at the Institute of Economics, Zagreb, Croatia, where she currently serves as a research fellow. From 2014 to 2024, she held positions as director and deputy director of the Institute. In addition to her academic career, she has extensive experience in governance and public service. She previously served on the boards of a commercial bank and Croatia\u2019s largest utility company. She has also been appointed to advisory committees serving both the current and former presidents of the Republic of Croatia, and was a member of the Fiscal Policy Commission, a parliamentary body responsible for overseeing the implementation of fiscal policy.<\/p>\n<p>Dr. Vizek holds the rank of full professor with tenure at the University of Rijeka, Croatia. Prior to that, she was a lecturer at the AACSB-accredited Zagreb School of Economics and Management.<\/p>\n<div class=\"bu_collapsible_container \" aria-live=\"polite\" data-customize-animation=\"false\"><h2 class=\"bu_collapsible\" aria-expanded=\"false\"tabindex=\"0\" role=\"button\">Research Interests<\/h2><div class=\"bu_collapsible_section\" style=\"display: none;\"><\/p>\n<ul>\n<li>International finance<\/li>\n<li>Tourism economics<\/li>\n<li>Housing economics<\/li>\n<li>International macroeconomics<\/li>\n<li>Energy economics<\/li>\n<\/ul>\n<p><\/div>\n<\/div>\n\n<div class=\"bu_collapsible_container \" aria-live=\"polite\" data-customize-animation=\"false\"><h2 class=\"bu_collapsible\" aria-expanded=\"false\"tabindex=\"0\" role=\"button\">Courses<\/h2><div class=\"bu_collapsible_section\" style=\"display: none;\"><\/p>\n<ul><div class=\"course-feed\"><\/p>\n<li>MET AD 632 \u2013 Financial Concepts<\/li>\n<p><\/p>\n<li>MET MG 472 \u2013 Financial Concepts<\/li>\n<p><\/div><\/ul>\n<p><\/div>\n<\/div>\n\n<div class=\"bu_collapsible_container \" aria-live=\"polite\" data-customize-animation=\"false\"><h2 class=\"bu_collapsible\" aria-expanded=\"false\"tabindex=\"0\" role=\"button\">Scholarly Works<\/h2><div class=\"bu_collapsible_section\" style=\"display: none;\"><br \/>\n<strong>Selected Publications<\/strong> <\/p>\n<p>Jacobs, K., K. Beshay, S. Courtney, M. Vizek, S. Holguin, and K. Panlilio. \u201cWorking from home and well-being.\u201d <em>Work: A Journal of Prevention, Assessment and Rehabilitation<\/em> 81, no. 1 (2025): 2068\u20132078. <a href=\"https:\/\/doi.org\/10.1177\/10519815251320277\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/doi.org\/10.1177\/10519815251320277<\/a><\/p>\n<p>Stoj\u010di\u0107, N., M. Vizek, and J. Glaurdi\u0107. \u201cShort-term rental expansion and residential displacement in tourism communities: Evidence from Croatia.\u201d <em>Regional Studies<\/em> 58, no. 11 (2024): 2346664. <a href=\"https:\/\/doi.org\/10.1080\/00343404.2024.2346664\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/doi.org\/10.1080\/00343404.2024.2346664<\/a><\/p>\n<p>Stoj\u010di\u0107, N., and M. Vizek. \u201cDid COVID-19 grants support tourism firms in securing survival and employment? Evidence from Croatia.\u201d <em>Tourism Management<\/em> vol. 104 (2024): 104934. <a href=\"https:\/\/doi.org\/10.1016\/j.tourman.2024.104934\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/doi.org\/10.1016\/j.tourman.2024.104934<\/a><\/p>\n<p>Vizek, M., Barbi\u0107, T., and A. \u010ceh \u010casni. &#8220;The impact of the tourism accommodation composition on housing prices: The case of Croatia.&#8221; <em>Tourism Economics<\/em> 30, no. 1 (2024): 267\u2013274. <a href=\"https:\/\/doi.org\/10.1177\/13548166231180417\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/doi.org\/10.1177\/13548166231180417<\/a><\/p>\n<p>Vizek, M., Stoj\u010di\u0107, N., and J. Mikuli\u0107. &#8220;Spatial spillovers of tourism activity on housing prices: The case of Croatia.&#8221; <em>Tourism Economics<\/em> 29, no. 5 (2022): 1376\u20131390. <a href=\"https:\/\/doi.org\/10.1177\/13548166221106442\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/doi.org\/10.1177\/13548166221106442<\/a><\/p>\n<p>Stoj\u010di\u0107, N., Mikuli\u0107, J., and M. Vizek. &#8220;High season, low growth: The impact of tourism seasonality and vulnerability to tourism on the emergence of high growth firms.&#8221; <em>Tourism Management <\/em>vol. 89 (2022): 104455. <a href=\"https:\/\/doi.org\/10.1016\/j.tourman.2021.104455\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/doi.org\/10.1016\/j.tourman.2021.104455 <\/a><\/p>\n<p>Mikuli\u0107, J., Vizek, M., Stoj\u010di\u0107, N., Payne, J. E., \u010ceh \u010casni, A., and T. Barbi\u0107. &#8220;The Effect of Tourism Activity on Housing Affordability.&#8221; <em>Annals of Tourism Research<\/em> vol. 90 (2021): 103264. <a href=\"https:\/\/doi.org\/10.1016\/j.annals.2021.103264\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/doi.org\/10.1016\/j.annals.2021.103264<\/a><\/p>\n<p>Glaurdi\u0107, J., Lesschaeve, C., and M. Vizek. &#8220;Consolidated democracy advantage: Political instability and sovereign spreads in the EU.&#8221; <em>Comparative European Politics<\/em> vol. 18 (2020): 437\u2013459. <a href=\"https:\/\/doi.org\/10.1057\/s41295-019-00193-2\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/doi.org\/10.1057\/s41295-019-00193-2<\/a>  <\/p>\n<p>Tkalec, M., Vizek, M., and G. Vuk\u0161i\u0107. &#8220;Fiscal devaluation and real exchange rates in the Euro area: Some econometric insights.&#8221; <em>Review of International Economics<\/em> 27, no. 2 (2019): 694\u2013710. <a href=\"https:\/\/doi.org\/10.1111\/roie.12393\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/doi.org\/10.1111\/roie.12393<\/a><\/p>\n<p>Holzner, M., Tkalec, M., Vizek, M., and G. Vuk\u0161i\u0107. &#8220;Fiscal Devaluations: Evidence Using Bilateral Trade Balance Data.&#8221; <em>Review of World Economics <\/em>154, no. 2 (2018): 247\u2013275. <a href=\"https:\/\/www.jstor.org\/stable\/45107143\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/www.jstor.org\/stable\/45107143<\/a><\/p>\n<p>Payne, James E., Vizek, M., and J. Lee. &#8220;Is there convergence in per capita renewable energy consumption across U.S. states? Evidence from LM and RALS-LM unit root tests with breaks.&#8221; <em>Renewable and Sustainable Energy Reviews<\/em> vol. 70 (2017): 715\u2013728. <a href=\"https:\/\/doi.org\/10.1016\/j.rser.2016.11.252\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/doi.org\/10.1016\/j.rser.2016.11.252<\/a> <\/p>\n<p>Payne, J., Vizek, M., and J. Lee. &#8220;Stochastic Convergence in Per Capita Fossil Fuel Consumption in U.S. States.&#8221; <em>Energy Economics<\/em> vol. 62 (2017): 382\u2013395. <a href=\"https:\/\/doi.org\/10.1016\/j.eneco.2016.03.023\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/doi.org\/10.1016\/j.eneco.2016.03.023<\/a><\/p>\n<p>Posedel, P., Tkalec, M., Vizek, M., and J. Lee. &#8220;Time-Varying Integration of the Sovereign Bond Markets in European Post-transition Economies.&#8221; <em>Journal of Empirical Finance<\/em> vol. 36 (2016): 30\u201340. <a href=\"https:\/\/doi.org\/10.1016\/j.jempfin.2015.12.005\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/doi.org\/10.1016\/j.jempfin.2015.12.005<\/a> <\/p>\n<p>Njavro, M., Posedel, P., and M. Vizek. &#8220;Regime Switching Behaviour of Real Estate and Equity Prices in Emerging Countries.&#8221; <em>Prague Economic Papers<\/em> 25, no. 4 (2016): 396\u2013410. <a href=\"https:\/\/doi.org\/10.18267\/j.pep.560\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/doi.org\/10.18267\/j.pep.560<\/a><\/p>\n<p>Tkalec, M., and M. Vizek.&#8221;The Price Tag of Tourism: Does Tourism Activity Increase Prices of Goods and Services?&#8221; <em>Tourism Economics<\/em> 22, no. 1 (2016): 93\u2013109. <a href=\"https:\/\/doi.org\/10.5367\/te.2014.0415\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/doi.org\/10.5367\/te.2014.0415<\/a><\/p>\n<p>Budak, J., and M. Vizek. &#8220;The corruption mark-up: Is corruption cost incorporated in the prices of goods and services in emerging and developed countries?&#8221; <em>Post-Communist Economies<\/em> 27, no. 2 (2015): 247\u2013255. <a href=\"https:\/\/doi.org\/10.1080\/14631377.2015.1026702\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/doi.org\/10.1080\/14631377.2015.1026702<\/a><\/p>\n<p>Tkalec, M., Vizek, M., and M. Verbi\u010d. &#8220;Balance Sheet Effects and Original Sinners\u2019 Risk Premiums.&#8221; <em>Economic Systems<\/em> 38, no. 4 (2014): 597\u2013613. <a href=\"https:\/\/doi.org\/10.1016\/j.ecosys.2014.05.005\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/doi.org\/10.1016\/j.ecosys.2014.05.005<\/a> <\/p>\n<p>Ahec, A., \u010ceh, \u010c. A., and M. Vizek. &#8220;The effect of housing and stock market wealth on consumption in emerging and developed countries.&#8221; <em>Economic Systems<\/em> 38, no. 3 (2104): 433\u2013450. <a href=\"https:\/\/doi.org\/10.1016\/j.ecosys.2014.03.001\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/doi.org\/10.1016\/j.ecosys.2014.03.001<\/a> <\/p>\n<p>\u010ceh, \u010c. A., and M. Vizek. &#8220;Interactions between Real Estate and Equity markets: an Investigation of Linkages in Developed and Emerging Countries.&#8221; <em>Czech Journal of Economics and Finance<\/em> 64, no. 2 (2014): 100\u2013119. <a href=\"https:\/\/ideas.repec.org\/a\/fau\/fauart\/v64y2014i2p100-119.html\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/ideas.repec.org\/a\/fau\/fauart\/v64y2014i2p100-119.html<\/a><\/p>\n<p>Ahec, \u0160. A., \u010ceh, \u010c. A., and M. Vizek. &#8220;Does housing wealth affect private consumption in European post transition countries? Evidence from linear and threshold models.&#8221; <em>Post-Communist Economies<\/em> 24, no. 1 (2012): 73\u201385. <a href=\"https:\/\/doi.org\/10.1080\/14631377.2012.647629\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/doi.org\/10.1080\/14631377.2012.647629<\/a><\/p>\n<p>Posedel, P., and M. Vizek. &#8220;Are house prices characterized by threshold effects? Evidence from developed and post-transition countries.&#8221; <em>Czech Journal of Economics and Finance<\/em> 61, no. 6 (2011): 584\u2013600. <a href=\"https:\/\/ideas.repec.org\/a\/fau\/fauart\/v61y2011i6p584-600.html\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/ideas.repec.org\/a\/fau\/fauart\/v61y2011i6p584-600.html<\/a><\/p>\n<p>Ivanov, M., Tkalec, M., and M. Vizek. &#8220;Determinants of financial euroization in a post-transition country: Do threshold effects matter?&#8221; <em>Czech Journal of Economics and Finance<\/em> 61, no. 3 (2011): 230\u2013251. <a href=\"https:\/\/ideas.repec.org\/a\/fau\/fauart\/v61y2011i3p230-251.html\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/ideas.repec.org\/a\/fau\/fauart\/v61y2011i3p230-251.html<\/a><\/p>\n<p>Posedel, P., and M. Vizek. \u201cHouse price determinants in transition and EU-15 countries.&#8221; <em>Post-Communist Economies<\/em> 21, no. 3 (2009): 327\u2013343. <a href=\"https:\/\/doi.org\/10.1080\/14631370903090640\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/doi.org\/10.1080\/14631370903090640<\/a> <\/p>\n<p>Vizek, M., and T. Broz. &#8220;Modelling Inflation in Croatia.&#8221; <em>Emerging Markets Finance and Trade<\/em> 45, no. 6 (2009): 87\u201398. <a href=\"https:\/\/doi.org\/10.2753\/REE1540-496X450606\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/doi.org\/10.2753\/REE1540-496X450606<\/a><\/p>\n<p><strong>Research Grants <\/strong><\/p>\n<p>2023\u20132024: Team member for Boston University on an Office of Ergonomics Research Committee grant entitled, \u201cWorking from Home and Well-being: An Ecological Momentary Assessment Research Approach.\u201d <\/p>\n<p>2020\u20132024: Principal Investigator (PI) for Institute of Economics, Zagreb, on a Croatian Science Foundation grant entitled, &#8220;Too much of a good thing? The effects of tourism on the housing market in Croatia.&#8221; <\/p>\n<p>2019\u20132021: Team member for Institute of Economics, Zagreb, on an Erasmus+ KA203 grant entitled, &#8220;Inspiring digital entrepreneurship.&#8221;<\/p>\n<p>2016\u20132018: Team member for Institute of Economics, Zagreb, on a European Commission Horizon 2020 grant entitled, \u201cStrengthening scientific and research capacity of the Institute of Economics, Zagreb as a cornerstone for Croatian socioeconomic growth through the implementation of smart specialisation strategy \u2013 SmartEIZ.\u201d <\/p>\n<p>2015\u20132018: Team member for Institute of Economics, Zagreb, on a Croatian Science Foundation grant entitled, \u201cChannels and effectiveness of fiscal devaluations.\u201d <\/p>\n<p>2014\u20132017: Principal Investigator (PI) for Institute of Economics, Zagreb, on a Croatian Science Foundation grant entitled, \u201cEconomic, statistical and political aspects of sovereign bond markets.\u201d<\/p>\n<p>2009\u20132010: Principal Investigator (PI) for Institute of Economics, Zagreb, on a Global Development Network and CERGE-EI grant entitled, \u201cDeterminants of house prices in transition economies.\u201d<\/p>\n<p><\/div>\n<\/div>\n\n","protected":false},"author":2836,"template":"","_links":{"self":[{"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/profile\/96244"}],"collection":[{"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/profile"}],"about":[{"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/types\/profile"}],"author":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/users\/2836"}],"version-history":[{"count":4,"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/profile\/96244\/revisions"}],"predecessor-version":[{"id":96257,"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/profile\/96244\/revisions\/96257"}],"wp:attachment":[{"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/media?parent=96244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}