02940ntm a22005057i 4500 000272634 CZ-PrVSE 20210918200059.0 m d cr n|||||||||| 210918s2021 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Kavřík, Dominik ISIS:126085 dis Analýza Taylorovy křivky ve Spojených státech eng Analysis of the Taylor Curve Trade-Off in the United States / Dominik Kavřík 2021 ?? stran : digital, PDF soubor Vedoucí práce: Pavel Potužák Diplomová práce (Ing.)—Vysoká škola ekonomická v Praze. Národohospodářská fakulta, 2021 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2021 The optimal monetary policy faces a trade-off between variabilities of inflation and the output gap. This trade-off, proposed by John B. Taylor in 1979, is represented graphically by the so-called Taylor curve. The negatively sloped curve serves as an efficiency frontier, which implies that if the monetary policy carried out by the central bank is optimal, the observed relationship between the volatilities of the output gap and inflation should be negative. Further to the previous literature, I use the latest data for the United States to investigate the Taylor curve trade-off. Conditional volatilities are obtained using the multivariate GARCH model. The empirical results are consistent with the literature studying the monetary policy before the financial crisis. Regarding the recent period, the monetary policy seems to be sub-optimal after the culmination of the financial crisis in late 2008. The empirical results imply that the variability trade-off does not hold in the period from 2009:Q1 to 2018:Q3. Způsob přístupu: Internet ekonomie [obor dipl. práce] diplomové práce fd132022 czenas master's theses eczenas Taylor curve Monetary policy Volatility models Kalman filter Potužák, Pavel vse20231203939 ths Lichard, Tomáš jo2013790928 opn Vysoká škola ekonomická v Praze. Národohospodářská fakulta kn20010709401 dgg https://insis.vse.cz/zp/77188/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/77188 Hlavní práce https://insis.vse.cz/zp/77188/posudek/vedouci Hodnocení vedoucího https://insis.vse.cz/zp/77188/posudek/oponent/72186 Oponentura https://insis.vse.cz/zp/77188/podrobnosti dc:identifier NEPOSILAT VSKP vse77188 210914 77188