This dissertation observes efficiency of monetary and fiscal policy in the Czech Republic, the United Kingdom and Euro Area based on an extended IS-MP-AS model. Empirical results show effective fiscal policy with positive relationship between GDP and government debt/GDP ratio, which support Keynesian theory of increasing government spending. On the other hand monetary policy shows ineffective or inconclusive monetary policy, it could be caused by the global financial and Eurozone debt crisis which effect data rapidly.
Annotation in English
This dissertation observes efficiency of monetary and fiscal policy in the Czech Republic, the United Kingdom and Euro Area based on an extended IS-MP-AS model. Empirical results show effective fiscal policy with positive relationship between GDP and government debt/GDP ratio, which support Keynesian theory of increasing government spending. On the other hand monetary policy shows ineffective or inconclusive monetary policy, it could be caused by the global financial and Eurozone debt crisis which effect data rapidly.
This dissertation observes efficiency of monetary and fiscal policy in the Czech Republic, the United Kingdom and Euro Area based on an extended IS-MP-AS model. Empirical results show effective fiscal policy with positive relationship between GDP and government debt/GDP ratio, which support Keynesian theory of increasing government spending. On the other hand monetary policy shows ineffective or inconclusive monetary policy, it could be caused by the global financial and Eurozone debt crisis which effect data rapidly.
Annotation in English
This dissertation observes efficiency of monetary and fiscal policy in the Czech Republic, the United Kingdom and Euro Area based on an extended IS-MP-AS model. Empirical results show effective fiscal policy with positive relationship between GDP and government debt/GDP ratio, which support Keynesian theory of increasing government spending. On the other hand monetary policy shows ineffective or inconclusive monetary policy, it could be caused by the global financial and Eurozone debt crisis which effect data rapidly.
Introduction Define the objectives and the application methods used in the Master thesis.
Theoretical part
Prepare the critical literature review focused on monetary and fiscal policies in selected countries.
Practical part
Explain and demonstrate practical use of the IS-MP-AS model.
Analyze collected data for selected countries and the influence of monetary and fiscal policy on the functioning of chosen countries during the financial crisis and the European debt crisis.
Evaluate, which country has implemented the most appropriate monetary and fiscal policies during the financial and European debt crisis.
Conclusion
Research Plan
Introduction Define the objectives and the application methods used in the Master thesis.
Theoretical part
Prepare the critical literature review focused on monetary and fiscal policies in selected countries.
Practical part
Explain and demonstrate practical use of the IS-MP-AS model.
Analyze collected data for selected countries and the influence of monetary and fiscal policy on the functioning of chosen countries during the financial crisis and the European debt crisis.
Evaluate, which country has implemented the most appropriate monetary and fiscal policies during the financial and European debt crisis.
Conclusion
Recommended resources
BALL, Stephen J, MAGUIRE, Meg a Ivor GOODSON. Education, capitalis and the global crisis. 1. vyd. London: Routledge, 2012, 112 s. ISBN 9780415693424.
BERENSON, Mark L. a David M. LEVINE. Basic Business Statistics: Concepts and Applications. 7. vyd. US: Prentice Hal, 2009, 1152 s. ISBN 9780137956180.
DAVIES Hovard. The Financial Crisis: Who is to blame?. 1. vyd. Cambridge: Polity , 2010, 229 s. ISBN 978-0745651644.
GERSON, Philip, COTTARELLI, Carlo a Abdelhak SENHADJI. Post-crisis Fiscal Policy. 1. vyd. US: Mit Press, 2014, 600 s. ISBN 978-0262027182.
SEKARAN, Uma a Roger BOUGIE. Research methods for business: A skill-bulding approach. 6. vyd. US: Wiley, 2013, 436 s. ISBN 978-1-119-94225-2.
Recommended resources
BALL, Stephen J, MAGUIRE, Meg a Ivor GOODSON. Education, capitalis and the global crisis. 1. vyd. London: Routledge, 2012, 112 s. ISBN 9780415693424.
BERENSON, Mark L. a David M. LEVINE. Basic Business Statistics: Concepts and Applications. 7. vyd. US: Prentice Hal, 2009, 1152 s. ISBN 9780137956180.
DAVIES Hovard. The Financial Crisis: Who is to blame?. 1. vyd. Cambridge: Polity , 2010, 229 s. ISBN 978-0745651644.
GERSON, Philip, COTTARELLI, Carlo a Abdelhak SENHADJI. Post-crisis Fiscal Policy. 1. vyd. US: Mit Press, 2014, 600 s. ISBN 978-0262027182.
SEKARAN, Uma a Roger BOUGIE. Research methods for business: A skill-bulding approach. 6. vyd. US: Wiley, 2013, 436 s. ISBN 978-1-119-94225-2.
