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Is work for minimum wage in present system of social benefits in the Czech republic paid off?
Kremín, Jan ; Vostrovská, Zdenka (advisor) ; Chalupníček, Pavel (referee)
This bachelor work deals with the question if it is suitable to work for minimum wage in present welfare system in the Czech republic. There is introduced relationship between the minimum wage and unemployment, inflation and technical substitution. It is shown the Czech welfare system as well. The analytical part shows one person and a family with three children concentrated on their income in the case the adults work for the lowest wage in comparison to getting unemployment benefit. To sum up the income of a person and a family is the same even if they work or they are at home and get social welfares. The government guarantees the minimum amount of money for living. Unfortunately solution is not simple. The increase of minimum wage would probably lead to the increase of unemployment and inflation, on the other hand the decrease of social welfare would be impossible owing to programmes of the political parties. That's why it is important to combat against illegal work.
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Analysis of inflation dynamics in Czech Republic
Hubálek, Ondřej ; Hušek, Roman (advisor) ; Formánek, Tomáš (referee)
Bachelor work is focused on analysis of inflation dynamics in Czech Republic using econometric models. Inflation with its impacts, costs and possibilities of measuring is described in the first part of this work. There is also described influence of Czech national bank on inflation progress and inflation targeting. Part also contains basic econometric models for inflation analysis and models of adaptive expectations. Consequently there is described theory of econometrics analysis, focused on ordinary least squares method. There are also described factors that can negatively influence significance of estimated models. In the concrete it is heteroscedasticity, autocorrelation and multicolinearity. The empirical part contains econometric analysis of inflation in Czech Republic by itself, using models described in theoretical part. There are also used other models, coming out of economic hypothesis. In the end there are selected models for inflation prediction.
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Evaluation of the previous policy of the ECB in terms of its impact on national economies of the eurozone
Kleštinec, Ivan ; Mandel, Martin (advisor) ; Brůna, Karel (referee)
The ECB was established during the third phase of the economic and monetary union and its activities launched on 1. 7. 1998. It has become a new independent institution whose primary task became the conduct of monetary policy for countries that have accepted the euro currency. This bachelor thesis examines the impact of monetary policy in selected countries of the euro area. ECB affects individual national economies using its strategies and instruments, such as interest rates, minimum reserve requirements or change over the amount of money in circulation, whether through expansive or restrictive policy. It tries to act counter-cyclically to stabilize the price level and economic growth or to promote it. Monetary policy is the same for all countries, although the results are different because every country in the euro zone determines its own fiscal policy.
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Comparison of development of basic economic indicators of SR, CR and EU since 2004
Krišťák, Dávid ; Breňová, Lubomíra (advisor) ; Nečadová, Marta (referee)
The goal of this Bachelor's Thesis is to evaluate the basic macroeconomic indicators and data of two interconnected economies (Slovak and Czech republic) and their comparison to the common European economy as a whole. The theoretical part defines and describes the GDP, unemployment and inflation, their types and ways of measurement. The practical part discusses the year periods since joining the EU (2004) till now (2010). The main goal is to point to the closing of the "scissors" between the average of EU and our national economies expressed by the purchasing power standard per capita. This indicator shows improvement in the times of growth but also during the recession (even when national economy showed negative results). It is a result of recession not only in our economies but also in the European and world economy as a whole.
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The development of monetary policy in the Czech Republic since 1990
Málek, Jakub ; Dočkal, Dalibor (advisor) ; Štěpánek, Pavel (referee)
The thesis deals with monetary policy applied by the central bank in Czech republic in the last 20 years. On the established theoretical basis analysis performed monetary policy since the transformation economic environment in 90's 20th century to the present. The aim thesis is to assess the results of the applied monetary policy in certain stages of economic development in the Czech republic and its impact on the economy and macroeconomic indicators. In the second half of analytical part connected to the analyzes of the applied monetary policy influence European union on the Czech monetary policy and requirement on its harmonization with European central bank's monetary policy, which is essential assumption to entry our country into higher degree of integration, thus joining into the European monetary union.
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Inflation Targeting in Islamic Countries
Straka, Patrick ; Jílek, Josef (advisor) ; Doležalová, Antonie (referee)
Aim of this work is to answer question, if inflation targeting as a final goal of monetary policy, is possible in Islamic country with interest free financial system. Firs part of this work compares primer characteristics of Islamic financial system to conventional system of west countries. Second part focuses on possible macroeconomic model changes to correspond to Islamic system. Third part tests previous presumptions for inflation targeting. Final part proposes some measures to monetary policy performance.
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Inflation And Real Income Of Households In View Of Public - January 2011
Červenka, Jan
Almost half (47%) of people believe that for the income of their household they can buy or pay less than a year ago, a little more than two fifths (43%) believe that the real income of their households is about the same as one year before, and less than a tenth of respondents said that their income during the last year has increased. More than a half of Czech citizens (52%) consider current inflation to be acceptable, roughly three tenth of people (31%) share the opposite opinion.
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