|
|
Business cycle theory from the point of view of the Austrian school economics
Malárik, Lukáš ; Ryska, Pavel (advisor) ; Kocourek, David (referee)
This bachelor thesis analyzes business cycle theory from the point of view of the Austrian school of economics which sees the main problem in expansion (boom) driven by low interest rates, contrary to mainstream school, which considers the time of recession with insufficient expenditures as the main problem. Therefore, in the first part of this thesis is provided theoretical framework which describes the main features of the Austrian business cycle theory. After the theoretical explanation follows the second, practical, part of the thesis in which I employed the theory from the first part in order to interpret the situation in Japanese economy since 1980 until present. The main reason is that after the bust of 1990 is Japanese economic still not fully recovered in spite of many recovery attempts based on mainstream macroe- conomic approach. At the end of the thesis it is shown that the Austrian business cycle theory is capable of interpreting the economic development in Japan as well as propose solutions that will lead to recovery. 1
|
|
|
Proměnlivost multiplikátorů vládních výdajů v čase: Evidence z dat z USA
Focht, Daniel ; Maršál, Aleš (advisor) ; Chytilová, Helena (referee)
This paper estimates the size of the government spending multiplier over different states of the economy. Previous research came with two contradictory conclusions. Part of the literature argues that the spending multiplier is larger during recession and zero-lower bound periods, while the second one concludes that it remains constant. First, a summary of the relevant literature is presented, outlining different types of used methodological approaches and estimated size of the multiplier. We build a model estimated using local projections by Jorda for the period 1889 to 2016 to estimate government spending multipliers over different states of the economy. Our results show that the spending multiplier remains constant over different states of the economy.
|
|
|
Impact of recession on implementation of Corporate Social Responsibility
Placier, Klára ; Putnová, Anna (advisor)
During the last few years, companies have had an increasing interest on playing a more significant role in society, besides their merely economic function. Corporate Social Responsibility (CSR) has become a relevant concept leading them to do so. However, after the recent economic decline, the business model of most corporations had to be reviewed, including the CSR policy. This dissertation work discusses the impact of recession on CSR. The topic is highly relevant, since the consequences of the economic crisis have still a strong influence on business environment, in the form of a degrading level of trust and a decline of moral commitment to society. In order to evaluate this phenomenon, a research was conducted in three companies that are engaged in long-term CSR. With case study as research method, the impact of recession on CSR has been identified and a trend for future development has been outlined. As one of the main conclusions of this research it was proved, that after the economic decline, rather than dismissed, CSR was re-aimed in a more efficient way. CSR has helped companies to survive better the economic crisis and has taught them, how it can be beneficial not only for business but also for the society.
|
|
|
Ape Boards
Kvardová, Kateřina ; Kloss, Jan (referee) ; Houf, Václav (advisor)
Ape Boards is my own newly formed label, which manufactures snowboards and kiteboards. For this thing I have proposed a substantial logotype, which has a function as a unifying element across the whole brand and designs boards. Website (www.apeboards.com). A first collection of snowboards and kiteboards from which I had made 7 pieces for a thesis. Designs do not 'mass' lust, because the objective is not a big production or promotion, but based on what I liked. From the minimalism through the color geometry to the gorillas, according to which the brand was named.
|
|
|
Development of the unemployment rate and employment in the regions of the Czech Republic during recession
Vlček, David ; Zeman, Jan (advisor) ; Musil, Petr (referee)
During recession there are often discussions about changes in the unemployment and employment. Therefore, the goal of this thesis is to evaluate the results of recession on the labour market. In this thesis the evaluation is made by analyses of the employment in the regions of the Czech Republic in selected industries and unemployment in the regions of the Czech Republic during recession, which started in the year 2008. The first chapter is dedicated to labour market and business cycle with accent on the employment and unemployment. In the second chapter selected industries and classification of economical actions are characterised. The selection of industries was made on the basis of its proportion on the total gross value added and number of employed people. Theoretical part is finished by chapter concerning time series, especially their decomposition. Analytical part regards characterisation, analyses and evaluation changes in the employment and unemployment in the Czech Republic. Analysis was made from the perspective of changes in the unemployment rate, employment rate and share of employed in selected industries in the regions of the Czech Republic during recession.
|
|
|
The Cause of the economic recessions of the 1970s in the U.S.: Oil shocks, or monetary policy?
Hornát, Filip ; Potužák, Pavel (advisor) ; Mirvald, Michal (referee)
This paper examines the cause of the U.S. economic downturn of the 1970s, which is still widely discussed by economists. In principle, the previous research has led to two possible explanations: an incorrect monetary policy of the Federal reserve and oil shocks. First, the historical context of the oil shocks and the Feds conduct of monetary policy are outlined. Next, arguments of the authors advocating each explanation are presented. An empirical VAR model is estimated for the period 1960-2014 and then for single periods. Based on these estimates, it is evident that the impact of monetary policy and oil shocks has been changing over the observed period. The author comes to a conclusion that the first oil shock could have caused the subsequent economic downturn. However, monetary policy seems to have caused the downturns after the second oil shock.
|
|
| |
|
|
Vybrané služby v období recese 2009
Český statistický úřad
Tato krátká analýza se zabývá pouze vybranými službami (v klasifikaci NACE jde o sekce H, I, J, L, M a N). V praxi to znamená, že analýza se nezabývá takovými „tržními“ službami, jako je Obchod či Finanční zprostředkování, které jsou vykazovány samostatně, a dále službami, které jsou principiálně „netržní“, i když část je poskytována za přímou platbu – především školství, zdravotnictví a kultura event. veřejná správa.
Fulltext:  PDF
|
|
|
Relationship between the development of housing construction and GDP on the case of the Czech republic in the years 1995-2013
Hrabec, Pavel ; Sunega, Petr (advisor) ; Vebrová, Ludmila (referee)
This bachelor thesis deals with the relationship between the development of housing construction and the development of GDP in the Czech Republic in the years 1995-2013. The aim of this work is to prove or disprove the hypothesis that the housing construction can be characterized as overtaking indicator of GDP development in the Czech Republic. This goal is associated with the effort to expand the existing set of indicators overtaking economic cycle for better prediction of the economic crisis. To this purpose, the two time series are identically adjusted with mathematical and statistical methods in order to achieve the relevant comparison. Following comparison showed that the character of housing construction is largely countercyclical, so hypothesis was rejected. The observed relationship between housing construction and GDP is subsequently explained using stock-flow model DiPasquale-Wheaton on cases of economic recession and expansion. The result was that while the countercyclical nature of housing construction during the economic recession was caused by growing household demand for housing, in a period of economic expansion was caused by the growth of the construction costs.
|
|
| |
guest ::
