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National Repository of Grey Literature

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Fiscal Policy and Debt Crises Pikhart, Zdeněk ; Ševčík, Miroslav (advisor) ; Zamrazilová, Eva (referee) ; Pastoráková, Erika (referee) Thesis deals with a fiscal policy issue with emphasis on the debt crisis. First specifics of the data capture of the government sector for the purpose of evaluating the fiscal position are analyzed. It includes assessment of the fiscal sustainability indicators and the historical reaction function of fiscal policy in the EU. The analysis of cyclical adjustment of the government balance, definition of fiscal impulse and the estimation of fiscal multipliers in the Czech Republic precedes the contribution to the debate regarding the optimal fiscal policy setup with respect to debt sustainability in the long run and sufficient degree of flexibility in the short run. The thesis concludes with the identification of the causes of the fiscal debt crises with the subsequent analysis of possible ways to resolve the already existing fiscal imbalances and assessing the appropriateness of the Czech government's consolidation. Detailed record

Analysis of withdrawal of a member state from the euro area Průšová, Natálie ; Čajka, Radek (advisor) ; Kodým, Roman (referee) The aim of this thesis is describing current issues of the debt crisis in economic and monetary union and the possibility of withdrawal of a Member State. Thesis is divided into four chapters, which analyze the origin, causes, consequences and possible solutions to the current situation of the debt and institutional crisis. The analysis does not aim to predict how the situation will develop a priori. It follows the long-term development and offers various options that can resolve the debt problem. Detailed record

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