Překlad názvu: Deflation and Its Implications for Macroeconomic Stability in Europe
Autoři: Gorobetchi, Marina ; Ryska, Pavel (vedoucí práce) ; Kočenda, Evžen (oponent)
Typ dokumentu: Diplomové práce
Rok: 2015
Jazyk: eng
Abstrakt: The subject of this thesis is the relationship that exists between deflation and the macroeconomic stability of the economy. Much literature has been published on this topic, but there is still a dearth of quantitative research based on strong empirical work. In the present work I have used a set of large panel data composed of 18 countries over 34 years in order to analyze the relationship between changes in inflation and output growth in a more complete and rigorous fashion. I use 3 different econometric models, namely fixed effects, random effects and the generalized method of moments. I chose these models in order to more appropriately examine the contemporaneous and lagged correlation between prices and output of countries. I also introduced foreign direct investment as a control variable to avoid the presence of potential bias. The empirical work presented in this paper leads to several findings. First, there is an insignificant relationship between a country's GDP growth and its deflation rate. Second, the relation between inflation and GDP growth is significant, and this relation becomes even positive when the econometric model is conducted on the data excluding outliers. Third, FDI positively contributes to and is partly responsible for the level of economic growth of the countries...
Klíčová slova: consumer price index; deflation; economic growth; large panel data;; macroeconomic stability; monetary policies; price; consumer price index; deflation; economic growth; large panel data;; macroeconomic stability; monetary policies; price

Instituce: Fakulty UK (VŠKP) (web)
Informace o dostupnosti dokumentu: Dostupné v digitálním repozitáři UK.
Původní záznam: http://hdl.handle.net/20.500.11956/63427

Trvalý odkaz NUŠL: http://www.nusl.cz/ntk/nusl-332575


Záznam je zařazen do těchto sbírek:
Školství > Veřejné vysoké školy > Univerzita Karlova > Fakulty UK (VŠKP)
Vysokoškolské kvalifikační práce > Diplomové práce