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Analysis of the Czech Republic fiscal policy after the European Union accession
Kodejšová, Martina ; Izák, Vratislav (advisor) ; Blažek, Petr (referee)
The aim of this thesis: The Analysis of the Czech Republic fiscal policy after the European Union accession are to describe and monitor development of Czech fiscal policy, remind context of economic and political cycle with fiscal policy in sequence of factual development and evaluate fiscal policy from the standpoint of the accession to EU and possible acceptance of the Euro, too. First part of paper is attended to basic terms delimitation of economic and fiscal policy. In subsequent parts is analyzed development of the most important fiscal policy indicators on the basis of acquired informations and evaluated fiscal policy from the perspective of its positioning. The last part is attended to consequence between Czech Republic and European Union, above all observance evaluation of Maastricht convergent criteria. Attention is aimed also at Stability and Growth Pact
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Monetary and fiscal response to the financial crisis
Babušák, Martin ; Brada, Jaroslav (advisor) ; Osička, Štěpán (referee)
The thesis summaries and compares adopted measures in the area of monetary and fiscal policy in response to the financial crisis in years 2007-2010. In the area of monetary policy, the most important measures of Federal Reserve System and European Central Bank are summarised and compared. In the area of fiscal policy, the thesis sums up and compares the reaction of the government of the United States of America and the Federal Republic of Germany.
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Fiscal bankruptcy of Hungary - the way that also the Czech Republic follows?
Pařízek, Ondřej ; Ježek, Tomáš (advisor) ; Dočkal, Dalibor (referee)
The first goal of this thesis is to reveal main causes of increasing public debts of the Czech Republic and Hungary. The results of that analysis should show us whether the both countries differ in such causes or not and if there is a chance that the Czech Republic's public finance system could be in danger, as it happened in Hungary in 2008. At the beginning, we suppose that there are no important differences in those causes and that the main reason for the increasing public debts are long-term budget deficits which are of structural character. That means that those structural deficits are formed on purpose, by irresponsible fiscal policy. The other goal of this thesis is to analyse the most important factors which cause the long-term structural deficits in the Czech Republic, and to suggest some steps which would help to stop the further creation of those deficits.
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U.S. monetary and fiscal policy since Great Depression to the present
Lochmanová, Kristýna ; Babin, Jan (advisor) ; Čermáková, Klára (referee)
In my bachelor's work I would like to focus on monetary and fiscal policy of the U.S. since the Great Depression to the present. My work will focus especially on three main topics. In the first part I will try to summarize the causes and consequences of the Great Depression, in another part I will pay attention to 1950s and 1960s in which the Keynesian theory prevailed. Finally I will try to find out if there are any common elements of the financial crisis in 1930s and of the current one. Seeing that I want to reveal the causes of the Great Depression, on which I will base my findings later, I will devote a few words to the characteristics of the golden era in the 1920s at the beginning of my work.
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Solving consenquences of financial crisis by fiscal and monetary policy
Šťastný, Martin ; Burgerová, Jiřina (advisor) ; Řežábek, Pavel (referee)
At the beginning of my work I will try to explore the theoretical part, as what are the consequences of a financial crisis on state economy and how to respond to them using disponible tools of fiscal and monetary policy so that the impact is as acceptable as possible. The aim of my essay is an analysis and comparison of the effectiveness of monetary and fiscal policy on the reduction of the impact of the financial crisis and what is their effect on the growth of GDP, development of inflation, employment and other macroeconomic indicators. The question is basically how to restart the economic growth and how to achieve it. I will also explore the possible non-acceptance of any precautions. I will try to find the optimal consensus between fiscal and monetary policy and their right setup in comparison of the USA and other European states, where each country's government has accepted certain precautions through fiscal and monetary policy.
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The Efficiency of Fiscal Policy in connection with "Japan's Lost Decade"
Cvetkov, Jan ; Ryvolová, Ivana (advisor) ; Loužek, Marek (referee)
This work has a target to review the efficiency of fiscal stimulus instruments in connection with "Japan's Lost Decade". The first half of this work follows selected theoretical areas. The author criticises usability of the AS-AD model and spending multiplier. Public finance deficits and government debt are attached to fiscal expansion and, therefore, this work will focus on this topic too. The role of fiscal stabilization policy will be studied in connection with causes and symptoms of trade cycle. The second half of this work scrutinizes the development and implications of implemented fiscal policies in Japan, especially the 1990s, well known as "Japan's Lost Decade". The consequences of fiscal stimulation will be judged.
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Possible Consequences of the Fiscal Expansion Which Is Responding to the Financial Crisis in the USA
Dřímal, Marek ; Antoš, Ondřej (advisor) ; Urban, Luděk (referee)
This bachelor thesis engages in the world financial crisis followed by the economic recession and in options how to deal with this issues with the fiscal policy. It focuses on fiscal policy's theoretic principles and instruments; then it processes working papers about fiscal policy multipliers, which are crucial for appreciation of the effectivity of the fiscal policy shocks. In the final part of the thesis there can be found selected acts enacted by the American administration for the purpose of struggling the recession like the American Recovery and Reinvestment Act. The thesis tries to evaluate possible effectivity of these acts.
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The role of government in market economy in the time of financial crisis
Šátek, Lukáš ; Krč, Jakub (advisor) ; Jelínek, Tomáš (referee)
The government plays an important role in the market economy. In times of economic depression is essential to take the necessary steps to stop the crisis. Governments have two types of tools which they can use to recover the national economic collapse. They can use monetary or fiscal policy. Monetary policy is in the hands of national central bank. The fiscal policy allows the government to increase its spending.
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