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National Repository of Grey Literature

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Jak nová keynesiánská phillipsova křivka odhaduje míru inflace v české ekonomice? Dřímal, Marek ; Pošta, Vít (advisor) ; Čadil, Jan (referee) This analysis studies the phenomenon of the New Keynesian Phillips Curve - its inception from the RBC theory and DSGE modelling via incorporation of nominal rigidities, and its various specifications and empirical issues. The estimates on Czech macroeconomic data using the Generalised Method of Moments show that the hybrid New Keynesian Phillips Curve with the labour income share or the real unit labour cost as driving variables can be considered as an appropriate model describing inflation in the Czech Republic. Compared to other analyses, we show that the inflation process in the Czech Republic exhibits higher backwardness vis-a-vis other researchers' estimates based on US data. Detailed record

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. Detailed record

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