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Socio and Economic impacts of Hyperinflation on the Economy of the Weimar Republic
Labuda, Filip ; Fabianková, Klára (advisor) ; Johnson, Zdenka (referee)
In my bachelor thesis I am focusing on the socio and economic impacts of hyperinflation on the economy of the Weimar Republic. In first chapters I am dealing with the analysis of long-term and short-term causes which led to hyperinflation. I am also taking into account German economic theory, manner of financing of the war in Germany and furthermore I am concentrating on the question of war indemnities and crisis in the Ruhr area. In the followingchapters I am dealing with the progress of hyperinflation and her economic, social and also political impacts. My aim is to confirm the hypothesis, in which I argue that hyperinflation had negative impact on economic and social situation inside the Weimar Republic. Thesis contributes to provide view of impacts of hyperinflation on German society in the year.
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The Comparison of Monetary Policy of ECB and FED and their Reaction to the Financial Crisis
Hajíčková, Tereza ; Raková, Marie (advisor) ; Jašová, Martina (referee)
Central banks are institutions which play an important role in today's market economies and which have an influence on economic development. Their influence was obvious during the last financial crisis when the measures taken by them were expected with impatience. This thesis is focused on the two important central banks in contemporary world - European Central Bank (ECB) and Federal Reserve System (FED). The first part of the thesis is a general description of central banking. It is followed by description of both banks with respect to their monetary politics. The last part of the thesis deals with the reactions of ECB and FED to the financial crisis. An analysis of the measures they have taken is also made. It is possible to conclude that monetary politics of ECB and FED was successful.
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The Consumer Price Index and it´s appropriateness for measure of inflation
Trčová, Marie ; Pfeifer, Lukáš (advisor) ; Řežábek, Pavel (referee)
The target of this bachelor's thesis is comparison of current measurement of inflation, a measurement by consumer price index, with alternative attitudes of measuring of inflation including an identification of their vallue added. Nowadays the maintenance of a stable inflation rate is one of the dominant targets of all central banks in developed countries. The central banks use various instruments of monetary policy to ensure this target. One of the regime of monetary policy that central banks use the most is inflation targeting, more precisely targeting of consumer price index. Unfortunately, this price index carries an amount of disadvantages. At first, I mention predominant discussion about technical imperfections that are caused by the method of it's calculation. Then I focus on monetary - political imperfections of the consumer price index that are caused by the fact that this index ilustrates development of only relatively stable consumer prices, so it's reactions on changes of monetary policy are very weak. After that I carry out an comparative analysis of representative alternative attitudes of measurement of inflation, including a comparison of developement of inflation rate according to these attitudes in USA in last few years.
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