02963ntm a22005057i 4500 000701538 CZ-PrVSE 20230909171012.0 m d cr n|||||||||| 230909s2023 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Galoci, Peter ISIS:154577 dis Money Multiplier and Business Cycle in the United States eng Money multiplier and business cycle in the United States / Peter Galoci 2023 ?? stran : digital, PDF soubor Vedoucí práce: Pavel Potužák Bakalářská práce (Bc.)—Vysoká škola ekonomická v Praze. Národohospodářská fakulta, 2023 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2023 The monetary policy has the power to influence the real economy. Whether it is conducted through discretion or a stable policy rule, it requires some adjustments of the money supply directly connected to the money multiplier. This thesis investigates the relationship between money multiplier and real output in the United States in terms of the direction of causality in order to test the predictions of competing business cycle theories. While monetarism predicts the causality running from money multiplier to real output, both post-Keynesianism and real business cycle theory predict the reverse relationship. The main results of this thesis confirm the monetarist theory for both the period before the financial crisis and the entire time period since 1960. The validity of monetarist prediction, however, depends on the empirical definition of the money supply. While in the shorter of the examined periods, the monetarist prediction holds for the M2 money multiplier, in the longer period, it holds for the money multiplier of M1. Způsob přístupu: Internet ekonomie [obor bakal. práce] bakalářské práce fd132403 czenas bachelor's theses eczenas money multiplier real output Granger causality business cycle Potužák, Pavel vse20231203939 ths Mach, Petr, 1975- xx0001528 opn Vysoká škola ekonomická v Praze. Národohospodářská fakulta kn20010709401 dgg https://insis.vse.cz/zp/84027/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/84027 Hlavní práce https://insis.vse.cz/zp/84027/posudek/vedouci Hodnocení vedoucího https://insis.vse.cz/zp/84027/posudek/oponent/80138 Oponentura https://insis.vse.cz/zp/84027/podrobnosti dc:identifier NEPOSILAT VSKP vse84027 230908 84027