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Terms of trade: impact on the czech international trade and economic growth in 2005 - 2015
Dulovec, Adam ; Zamrazilová, Eva (advisor) ; Šimíček, Petr (referee)
The thesis is focused on the changes in the terms of trade in Czech international trade in the term of from 2005 to 2015, as the period after the Czech Republic joined the European Union. The terms of trade are an important indicator of the benefits and loses of international trade. The main aim is to analyze the changes of terms of trade, the causes of their changes, and the impact on the real economy. The direction of the overall terms of trade index was highly unsettled, and did not actually generated additional gains in the economy not over the reporting period. The overall terms of trades were most influenced by the price development of two groups of the Standard International Trade Classification, Crude materials and lubricants, and machinery and transport equipment. The prices of Crude materials and lubricants are determined mainly by changes in the oil prices. These were very volatile in the reporting period, the especially the collapse of the prices in both 2009 and 2014-2015, had a significant impact on the import prices of the Czech economy. The thesis also analyzes the impact of exchange rate on the international trade prices, in the period since November 2013, i.e. after the Czech National Bank has committed to maintain the rate of Czech koruna against the Euro above the level of 27 CZK/EUR, which helped to protect the economy from deflations and enhance the economic growth. The effect of the weak crown, that favored the Czech exporters, however a faded over time.
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Inflation And Real Income Of Households In View Of Public - January 2012
Červenka, Jan
Two thirds (66%) of people believe that for the income of their household they can buy or pay less than a year ago, a three tenths (30%) believe that the real income of their households is about the same as a year before, and only 3% of respondents said that their real income during the last year has increased. Less than a half of Czech citizens (45%) consider current inflation to be acceptable, Two fifths of people (41%) share the opposite opinion. 81% of Czechs expect that this year they will be able to buy less goods and pay less services for the same amount of money than the last year.
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Causality between money and economic growth in Czech republic
Krhovský, Karel ; Hudík, Marek (advisor) ; Janíčko, Martin (referee)
The aim of this work is to explore in the spirit of Monetary Economics various correlations and links between economic growth on the one hand and monetary aggregate M2, credits, government spending and interest rates on the other hand. Using macro-economic aggregates and statistical methods in empirical verification of selected assumptions, however, indirectly we get to the heart of the dispute on its own methodology in economics. Leaned to Milton Friedman's methodological positivism on quarterly data related to CR in the period 1996 - 2008 we will seek to determine to what extent and whether economic growth is affected by excessive monetary expansion and growth of debt. Therefore, the extent to which money was served as a source of economic growth. The data confirmed the expected dependence of GDP on cash variables, however, in transforming the data on first-order difference was the explained variation of models not too high. Inclusion of interest rates in the multiple regression model, the model did not increase the quality and the correlation between economic growth and it has not been demonstrated.
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Inflation And Real Income Of Households In View Of Public - January 2011
Červenka, Jan
Almost half (47%) of people believe that for the income of their household they can buy or pay less than a year ago, a little more than two fifths (43%) believe that the real income of their households is about the same as one year before, and less than a tenth of respondents said that their income during the last year has increased. More than a half of Czech citizens (52%) consider current inflation to be acceptable, roughly three tenth of people (31%) share the opposite opinion.
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