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National Repository of Grey Literature 1 records found  Search took 0.01 seconds. 
Impact of national debt on the behaviour of households
 Řehůřek, Tomáš ; Janíčko, Martin (advisor) ; Babin, Jan (referee)
Do Czech households behave on the basis of Ricardian equivalence? Do we threaten the future of our children? These are the questions I want to solve in my thesis. I implemented the regression analysis on an annual and a quarterly data. Its results allow us to deny Ricardian equivalence (which is in violation of much foreign research), so we can agree with, so-called, traditional hypothesis. This means that macroeconomic consequence of society is: higher spend, than avaible product. The main criterion of these consequences is, whether borrowings are used to consume or to investments, complying with criterion of investment.
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