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Public debt in United Kingdom
Kobulský, Matej ; Izák, Vratislav (advisor) ; Klazar, Stanislav (referee)
The final thesis deals with public debt in United Kingdom. Its goal is to describe substance of the issue indebtedness of governments and so concretely on example of United Kingdom. Theoretical part of the work is devoted to definition of basic terms and theory, which will be used further in the text and also deals with history of indebtness itself, which has roots in UK. In the practical part the situation of debs in UK is described based on real data and review learned knowledge with prediction of possible scenarios to the future.
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The impact of demographic changes on the real interest rate and international capital flows.
Dybczak, Kamil ; Kodera, Jan (advisor) ; Izák, Vratislav (referee) ; Šmídková, Kateřina (referee)
The demographic structure seems to change dramatically over the next 50 years in the Czech Republic. The aim of this study is to assess the impact of expected demographic changes on the future development of a real interest rate and international capital flows. In order to simulate the impact of the expected demographic changes upon the mentioned variables we apply a computable overlapping generations model. The real interest rate development is simulated under a closed economy assumption. As a result of the future expected demographic changes labour-capital ratio tends to fall, i.e. the real interest rate diminishes. The range of a change is significantly affected by a public budget closure rule. In case of an endogenous income tax rate, the real interest rate falls down by 0.5 percentage point. On the contrary, the real interest rate decreases by almost 1 percentage point in case when public transfers adjusted. Assuming an open economy, we simulate the impact of the expected demographic changes on the international capital flows between the domestic economy and the rest of the world. In case of increasing ratio of older agents, the aggregate domestic wealth surpasses the demand for capital by domestic firms. As a result a part of domestic capital is exported abroad. Increasing level of net foreign assets contributes to positive change in ratio of the balance of payment to the domestic production in a range from 2 to 5 percentage points over next 40 years if income taxes or public transfers change respectively.
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Socio-economic aspects in the programs of the parliamentary political parties
Bandasová, Jana ; Izák, Vratislav (advisor) ; Blažek, Petr (referee)
This bachelor work deals with socio-economic aspects of the parliamentary political parties before elections to the Parliament of the Czech Republic in June 2010. Based on the analysis of selected socio-economic aspects was carried out the comparison of these aspects, both in the relationship between the parties of the right political spectrum and left political spectrum. In this work were used structural elements of Public Choice Theory, focusing on the median voter. Delimitation of the definition of the median voter results from public choice theory. Through the identification and classification into a specific position in the political spectrum was made an attempt at the practical application of Public Choice Theory. Based on the available data and information this attempt can be considered certain objective findings.
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State debt of the Czech Republic
Blažková, Gabriela ; Izák, Vratislav (advisor) ; Blažek, Petr (referee)
This bachelor thesis deals with the state debt and it is divided into two parts. The first chapter includes differences between state and public debt, way of debt financing or methods of its measurement. The development of czech state debt is described at the end of this chapter. The second chapter treats of upcoming pension reform, there are introduced current characteristics of pension system and its upcoming changes. The aim of this thesis is to find out the impact of reform measures on the state debt. The end of second chapter deals with public attitudes to the pension reform.
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Pension reform and its aspects in the electoral programs of czech parliamentary parties
Pintér, Ivan ; Izák, Vratislav (advisor) ; Pavlisová, Miroslava (referee)
The main theme of this Bachelor thesis is an analyse of the electoral programs of czech parliamentary parties with emphasis on pension reform. The goal of this work is to observe different views on pension reform across the political spectrum. Firstly the work determinates the possibilities of pension system funding and its current state in the Czech republic. Then the plans of pension reform from parliamentary political parties from 2004-2011 are presented. In the end the work describes the current situation of pension reform in 2011.
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Comparison of central govenrment debt in the Czech Republic and Slovakia
Gajoš, Martin ; Izák, Vratislav (advisor) ; Blažek, Petr (referee)
The subject of this thesis is to compare the long-term fiscal imbalances in the Czech Republic and Slovak Republic. This thesis is focused on the comparison and trend analysis of central govenrment debt in the Czech republic and Slovakia, including the structure of government debt, according to several criteria. The goal of this thesis is to find different trends in the mentioned countries, and if possible, to identify its causes. There is also an introduction to the issue, including the definition of basic concepts. For this purpose resources are used mainly from Internet sources, such as sites of finance ministries and statistical offices.
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State treasury in the Czech Republic
Žák, Čestmír ; Izák, Vratislav (advisor) ; Blažek, Petr (referee)
This diploma thesis is supposed to bring an overall summary of knowledge regarding State treasury in the Czech Republic. It is meant to be a tool which will help both academics and specialists get sufficient information on this project whose purpose is to raise efficiency of public funds in the Czech Republic. Besides bringing the topic of State treasury in the Czech Republic into context with the situation in surrounding countries in the European Union brings this diploma thesis also the economic and investment point of view. It offers some arguments of the critics, too, because author of this diploma thesis is convinced that projects of such a huge range and influence have to be widely discussed amongst both political parties and academics or skilled experts from the public.
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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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