National Repository of Grey Literature 2 records found  Search took 0.01 seconds. 
The Impact of Just-in-Time Inventory Management on Business Cycle Severity
Chalupová, Karolína ; Novák, Jiří (advisor) ; Hanus, Luboš (referee)
This thesis examines the impact of the just-in-time management (JIT) on volatility of inventory and the magnitude of inventory recessionary cuts. Firms' inventory is an important macroeconomic variable - prior research shows that a decrease in inventory volatility is likely an important source of the Great Moderation and that inventory cuts are a crucial part of GDP decreases during recessions. My results show that JIT decreases volatility of inventory change and makes the recessionary inventory cuts milder. Combined with previous research, the results imply that likely, JIT is an important source of the Great Moderation and mitigates recessions. I test the hypotheses with quarterly 1975-2014 data on U.S. publically traded manufacturing firms, consisting of 116 JIT adopters and 116 matched control firms.
Causes of the Mortgage Meltdown and Reasons of the US Financial Crisis in 2007 - 2008
Bukva, Bondy ; Dočkal, Dalibor (advisor) ; Urban, Luděk (referee)
The major goal of this work is to conduct a careful analysis of the 2007 -- 2008 mortgage crises, with focus on both the United States financial and mortgage markets. The actual 2007 -- 2008 collapse wasn't only a typical market crash. It was also a "collapse" of ideals and new methods that came to life particularly during the times of the Great Moderation. In this work I further examine three particular issues. These are: economic and political decisions, the psychology of continuous and sustainable growth and the creation of so called toxic assets. Also in tandem to and related with a monetary policy and moral hazard analysis, I try to fully comprehend the actual market bust of the late 2000s. The purpose of my analysis is then finding out if there was a single cause of the market crash of 2007 -- 2008 or if there actually were multiple factors leading to the slump.

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