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Fiscal policy of USA in current economic recession
Šiška, Martin ; Babin, Jan (advisor) ; Potužák, Pavel (referee)
Economies all around the world are currently in phase of recession and economic loss. For my study I chose United States, because here we can find beginnings of nowadays recession and also their government decided for biggest financial incentives for recovering the economy. Goal of this study is to determine the state of fiscal policy of country, which has the most advanced economy in the world and offer suggestions for their stabilization. After a brief description of the current economic situation and analysis of government spending to the growth of macroeconomic indicators in the historical context, I want to prove, if economic growth is accompanied by the serenity of fiscal policy, or has long-term instability. Object of interest is also current and extensive government spending on programs to revive the economy. Subsequent analysis of public debt and its financing, the possible consequences of debt and deficits should create a good picture of fiscal policy in the U.S. Understanding of current situation will help me to propose solutions, according to the economic theories, for stabilizing fiscal policy in case, if U.S. want to maintain world's leading economic position.
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