Austrian Business Cycle Theory and Its Application to Economy of Euro Area
| Autor: | Mgr. Martin Forejt |
|---|---|
| Rok: | 2019 - letní |
| Vedoucí: | PhDr. Michal Hlaváček Ph.D. |
| Konzultant: | |
| Typ práce: | Diplomová Finance, finanční trhy a bankovnictví |
| Jazyk: | Anglicky |
| Stránky: | 94 |
| Ocenění: | |
| Odkaz: | https://is.cuni.cz/webapps/zzp/detail/203209/ |
| Abstrakt: | This thesis is aimed at econometric testing of the Austrian business cycle theory on data from euro area. The thesis consists of two models. First model tests the hypothesis that decreasing the market interest rate below the natural interest rate increases consumable output in the short run and decrease in the long run. The second model examines the effects of changes in interest rates of different maturities on the structure of production and employment in different national sectors of production. We reject the first hypothesis in this thesis, but confirm other two hypotheses. |
