National Repository of Grey Literature 3 records found  Search took 0.00 seconds. 
The effect of the oil price shock in 1973 on the real GDP of the United states
Dobrovolný, David ; Stroukal, Dominik (advisor) ; Chytilová, Helena (referee)
The goal of this paper is to analyze the effect of the oil price shock in 1973 on the real GDP of the United states. Theoretical part includes existing results of other works that also analysed the relationship and shows detailed outlook at the oil shocks issue. I verify the issue using two methods: fixed effects model using ordinary least squares and instrumental variables. Based on the results of my analysis I deny hypothesis that oil price supply shock in 1973 had statistically significant effect on the real GDP of the United states. Thus, conclusion of this paper presumes that oil price shock in 1973 was not responsible for the crisis that emerged in the United states right after the oil embargo.
Estimating of potential output in the Czech Republic and its relationship to the business cycle
Svatošová, Ludmila ; Kloudová, Dana (advisor) ; Chytilová, Helena (referee)
Potential output is used as the indicator of the business cycle. The aim of this study is to compare the results of different methods used for estimating potential output and verify the hypothesis that potential output or rather the output gap can serve as a reliable indicator to determine the phase of the business cycle in the Czech Republic in the years 1996-2012. 6 different methods - linear trend, Hodrick-Prescott filter, Baxter-King filter, Butterworth filter, Kalman filter and the production function have been used to estimate potential output. The output gap was determined based on the estimated potential output. The comparison of the results of all methods has confirmed the same development trend of potential output. All the methods for estimating potential output, except Butterworth filter, have showed that their results are good indicators of the business cycle in the Czech Republic.
Analysis of the japanese lost decade in the 90's of the 20th century
Klimeš, Jakub ; Vostrovská, Zdenka (advisor) ; Štěpánek, Pavel (referee)
This bachelor thesis tries to describe the causes of Japanese recession in the 90's of 20. century and attempts to clarify why this crisis took so long. The analysis of the real GDP, specifically adjustment of its individual components, uprooted the hypothesis that the deepening of the recession was caused by Japanese household net saving rate. This thesis stands critical towards Keynesian recommendations which were applied in 90's in Japan. This thesis follows fiscal interventions of the Japanese government and also the monetary policy of the Bank of Japan because their actions led to the deepening of the recession in the 90's.

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