03393ntm a22005177i 4500 000659533 CZ-PrVSE 20200202100126.0 m d cr n|||||||||| 200202s2019 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Mašek, František ISIS:107217 dis Měnově-politické režimy : DSGE přístup eng Monetary Policy Regimes : A DSGE Model Approach František Mašek 2019 ?? stran : digital, PDF soubor Vedoucí práce: Pavel Potužák Diplomová práce (Ing.)—Vysoká škola ekonomická v Praze. Národohospodářská fakulta, 2020 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2020 This thesis investigates different monetary policy regimes within the medium-scale DSGE model. The prolonged decline in the natural rate of interest in developed countries has increased the probability of hitting the zero/effective lower bound (ZLB/ELB) when easing monetary policy. This development raises questions about the suitability of the current inflation targeting regime for today's macroeconomic environment. Frequently discussed alternative regimes, namely price level targeting, nominal GDP growth rate targeting, and nominal GDP level targeting, are compared with the IT regime as well as among themselves within the DSGE model that incorporates various nominal and real rigidities. The regimes are compared both when the central bank does not take into account the ZLB/ELB while setting its policy rate and also when this inequality constraint is included in the model. While the comparison of the regimes is ambitious in the case without the lower bound, the inclusion of the ELB/ZLB shows the positive characteristics of the level targeting regimes compared to the growth rate ones, mainly in response to a negative demand shock. These findings thus rationalize to reassess the suitability of the current inflation targeting regime, provided that there is a considerable probability of more frequent monetary policy conducting at the ZLB/ELB situation in the future. Způsob přístupu: Internet ekonomická analýza [obor dipl. práce] diplomové práce fd132022 czenas master's theses eczenas Business Cycle Zero/Effective Lower Bound Monetary Policy DSGE Models Potužák, Pavel vse20231203939 ths Chytilová, Helena ntk2018979754 opn Vysoká škola ekonomická v Praze. Národohospodářská fakulta kn20010709401 dgg https://insis.vse.cz/zp/69878/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/69878 Hlavní práce https://insis.vse.cz/zp/69878/posudek/vedouci Hodnocení vedoucího https://insis.vse.cz/zp/69878/posudek/oponent/64998 Oponentura https://insis.vse.cz/zp/69878/priloha/19634 Přiloha k práci https://insis.vse.cz/zp/69878/podrobnosti dc:identifier NEPOSILAT VSKP vse69878 200131 69878