03418ntm a22005177i 4500 000225546 CZ-PrVSE 20210627105124.0 m d cr n|||||||||| 210627s2021 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Ruschka, Adam ISIS:126340 dis Empirické prokázání Deatonova paradoxu v Evropě eng Empirical Evidence of the Deaton's Paradox in Europe / Adam Ruschka 2021 ?? stran : digital, PDF soubor Vedoucí práce: Martin Janíčko Diplomová práce (Ing.)—Vysoká škola ekonomická v Praze. Národohospodářská fakulta, 2021 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2021 The theory of consumption is a crucial part of economic science and it has gone through severe changes over the last century. The most pronounced theory is the Permanent Income Hypothesis by Milton Friedman. With the progress towards the positivity of economics, the incentive to test all theoretical frameworks on the date increased. Cambell and Deaton had tested for validity of the PIH in 1989 and found out, that the predictions of the theory do not match the data. The consumption patterns exhibits smaller changes, when confronted with unexpected change in income (excessive consumption smoothing), and bigger changes, when confronted with the expected changes in income (excessive sensitiveness) than the PIH predicts. This discrepancy between the theory and the data is now known as the Deaton’s paradox. The aim of this thesis is to test, whether is the excessive consumption smoothing present in Europe. In order to do so, a new model using the dynamic panel estimator is developed. The dataset contains the data from 26 European countries from 2000 to 2019. Newer researches of the Deaton’s paradox have come with the hypothesis, that the discrepancy is caused by the low granularity of the data used. In order to test this possibility, both quarterly and monthly data are used. Based on the results of the model we conclude, that the predictions of the PIH are not in line with the data and the granularity of the data used has no impact on this fact. Způsob přístupu: Internet ekonomie [obor dipl. práce] diplomové práce fd132022 czenas master's theses eczenas panel data Europe Deaton's paradox consumption variability of consumption Janíčko, Martin, 1983- mzk2009521993 ths Chytilová, Helena ntk2018979754 opn Vysoká škola ekonomická v Praze. Národohospodářská fakulta kn20010709401 dgg https://insis.vse.cz/zp/76371/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/76371 Hlavní práce https://insis.vse.cz/zp/76371/posudek/vedouci Hodnocení vedoucího https://insis.vse.cz/zp/76371/posudek/oponent/71227 Oponentura https://insis.vse.cz/zp/76371/podrobnosti dc:identifier NEPOSILAT VSKP vse76371 210625 76371