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National Repository of Grey Literature 3 records found  Search took 0.01 seconds. 
Austrian Business Cycle Theory and the Recession of 2007-2009 in the US Economy
 Stračina, Jakub ; Ryska, Pavel (advisor) ; Mejstřík, Michal (referee)
This paper aims to evaluate merits of the Austrian business cycle theory in explaining the 2001-2009 business cycle in the US economy. The theory postulates that a monetary shock upsets equilibrium in the market for loanable funds and adversely influences coordination mechanisms of the economy. The structure of relative prices is distorted and resources are misallocated as a result. The economy follows an unsustainable investment trajectory inconsistent with the amount of available resources and with the consumer preferences. When the inconsistencies are revealed, some of the investments are liquidated and costly correction follows. After providing exposition of the theory and description of the US economy in 2001-2009, the theory is confronted with the data. Although some deviations are conceded, mainly in development of the labor market, analysis presented in the paper supports the Austrian business cycle theory as a solid theoretical tool for explanation of the economic development throughout the examined period. The theory exhibits its main strengths in accounting for development of relative prices and linking them to conditions in the market for loanable funds.
Detailed record
Austrian Business Cycle Theory and the Recession of 2007-2009 in the US Economy
 Stračina, Jakub ; Ryska, Pavel (advisor) ; Mejstřík, Michal (referee)
This paper aims to evaluate merits of the Austrian business cycle theory in explaining the 2001-2009 business cycle in the US economy. The theory postulates that a monetary shock upsets equilibrium in the market for loanable funds and adversely influences coordination mechanisms of the economy. The structure of relative prices is distorted and resources are misallocated as a result. The economy follows an unsustainable investment trajectory inconsistent with the amount of available resources and with the consumer preferences. When the inconsistencies are revealed, some of the investments are liquidated and costly correction follows. After providing exposition of the theory and description of the US economy in 2001-2009, the theory is confronted with the data. Although some deviations are conceded, mainly in development of the labor market, analysis presented in the paper supports the Austrian business cycle theory as a solid theoretical tool for explanation of the economic development throughout the examined period. The theory exhibits its main strengths in accounting for development of relative prices and linking them to conditions in the market for loanable funds.
Detailed record
U.S. Economic Policy in the Current Crisis
 Bachledová, Andrea ; Adámková, Vlasta (advisor)
The bachelor thesis summarizes the development of the current crisis in the United States. There are the main causes as well as the consequences descibed. The main objective is to analyse both fiscal and monetary policy measures in relation with the actual economic situation of the US.
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