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The Great Inflation of the 1970s and it's impact on the contemporary FED
Hornát, Filip ; Zukerstein, Jaroslav (advisor) ; Fiřtová, Magdalena (referee)
This paper deals with the period of the 1970s Great Inflation in the United States and its impact on the present Federal Reserve System. The seventies after the oil shock were in the United States a period of the so-called stagflation, a mix of high inflation, high unemployment and economic stagnation, or recession. The role of the Fed in this era is discussed. The main thesis of this paper is that the Fed during the Great Inflation has changed markedly, with the basic goals and approaches remaining at the Fed till nowadays. An analysis of the period is made. The author concludes that the period of the Great Inflation really had a major impact on the transformation of the Fed, which more closely resembles its present form than in the post-war era.
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Selected measures of economic policy of presidents Ford and Carter in the context of the oil shocks
Košut, Jaroslav ; Johnson, Zdenka (advisor) ; Tajovský, Ladislav (referee)
The 1970s are well known mostly thanks to the events of the first and second oil shock, which changed the economic landscape in the US and in the world for years to come. The theoretical section of this thesis is devoted to the situation before and during the oil shocks: their origins and circumstances, political developments as they progressed and their effects on the oil market. The analytical section examines economic policies of United States presidents Gerald Ford and James Carter and points out successes or failures of their various measures. It describes the course of events concerning economic growth, inflation and unemployment over the course of the 1970s and addresses the causes of their developments in each year. The work is concluded with a comparison of the selected economic aggregates and claims that economic policy of President Carter dealt with the impact of the oil shock more successfully than economic policy of President Ford.
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The comparison of monetary causes of the crisis in 1970s and the current crisis
Jaklínová, Jana ; Šíma, Josef (advisor) ; Řežábek, Pavel (referee)
The magister thesis makes comparison of monetary causes of the crises in 1970s and the current crises in the United States of America. On the basis of theoretical part that analyzes the Austrian theory of the business cycle derives work in analytical part the consequences of monetary policy on the economy in both of observed periods. Through the use of history of monetary policy finds the thesis advice for solution to current crises. The thesis analyzes monetary instruments of American central bank and explains the mechanism of transfer of money into the economy. In the terms of current economic debates the thesis conclusion answers the question if or on what condition can actual situation of the economy of the United States of America leads in stagflation development.
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Influence of oil crisis on energy policy USA
Krydl, Ondřej ; Tajovský, Ladislav (advisor) ; Jeřábková, Zdenka (referee)
In 1973 the first oil crisis took place, which negatively affected all economies that are dependent on imported oil. In my thesis I deal with the impact of oil crisis on the development of energy policy in the United States. U.S. lawmakers adopted a series of measures and laws that were aimed at achieving energy independence the U.S. on imported fossil fuels. These laws place emphasis on the growth of domestic production and implementation of cost-effective energy saving technologies. The thesis explains the main reason for non-fulfillment of targets of energy programs, analyzes the factors which influenced the development of the oil market, and provides a comparison between the actual development of the energy with the development planned.
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