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3
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Economy of Catalonia and possible consequences of its eventual independence from Spain
Polák, Milan
;
Hinčica, Vít
(advisor) ;
Bolotov, Ilya
(referee)
The aim of this thesis is to analyse important aspects of separatism in Catalonia. Thesis is comprised of three chapters and conclusion. The first chapter addresses the historical origins of Catalan attempts to gain independence, legal and political issues and further examines current situation in the autonomous community. The second chapter analyses the problem from economic point of view. Spanish and Catalan economies will be examined alongside with their economic relationship. The third chapter is relevant factors that might play an important role in cause of eventual separation: the form of gaining an independence, viability of a new Catalan economy and possible scenarios of relationships between Catalonia, Spain and the European union. In the end author summarizes the problem and provides conclusions.
Detailed record
Fiscal policy and the business cycle in the Czech Republic
Jeřábek, Martin
;
Ševčík, Miroslav
(advisor) ;
Řežábek, Pavel
(referee)
This thesis deals with short-term relationship between fiscal policy and the real economy. Thesis is divided into three thematic units. In the first part through the analysis of studies examining the size of fiscal multipliers concludes, that depending on the assumptions and selected time period is the size of the multipliers greater in economic recessions, at zero interest rates of central banks or bigger taciturnity of the economy. The multipliers for the Czech Republic are low and did not exceed the value of one. The thesis also analyzes the development of public finances in the years 1997 - 2013 and identifies as their basic problem the structural nature of deficits. As a possible tool to improve the inclination of public finance to the budget deficits are identified fiscal rules limiting public spending. This rule is fully compatible with the Stability and Growth Pact and meets the basic requirements - the clarity and flexibility.
Detailed record
Public debt management in the Czech Republic - alternatives, comparison
Kípeť, Ondřej
;
Brůna, Karel
(advisor) ;
Blaheta, Petr
(referee)
This thesis describes the actual trends of accumulation of the public indebtedness and the various views on the existence of fiscal deficit and public debt. The main purpose of the thesis is to analyze the public debt management - its objectives, operations and organisation. The quantitative criteria for debt portfolio determined by the Ministry of Finance of the Czech Republic are analyzed and compared with the development and structure of the czech central government debt. The analytical part of the thesis includes the rules for issuance of the government bonds, the analysis of the interest costs and the thoughts about the sustainability of the czech central government debt.
Detailed record
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