The Efficiency of Monetary and Fiscal Policy based on IS-MP-AS model during Financial and Eurozone Crisis

Eva Tripská

Diplomová práce

Abstract:

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.

Abstract:

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.

Keywords

Monetary Policy, Fiscal Policy, Financial Crisis 2007-09, Eurozone Crisis

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 18. 4. 2017

Obhajoba závěrečné práce

• Obhajoba proběhla 24. 5. 2017
• Vedoucí: Pamela Anderson

Univerzita Tomáše Bati ve Zlíně

Fakulta managementu a ekonomiky

Magisterský studijní program / obor:
Hospodářská politika a správa / Finance