03771ntm a22005057i 4500 000717531 CZ-PrVSE 20240914152213.0 m d cr n|||||||||| 240914s2024 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Peichl, Jan ISIS:148973 dis Cílování nominálního důchodu jako alternativní režim měnové politiky : analýza v DSGE modelu eng Nominal Income Targeting as an Alternative Monetary Policy Regime : A DSGE Model Analysis Jan Peichl 2024 ?? stran : digital, PDF soubor Vedoucí práce: Aleš Maršál Diplomová práce (Ing.)—Vysoká škola ekonomická v Praze. Národohospodářská fakulta, 2024 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2024 This thesis explores Nominal Income Targeting (NIT) as an alternative monetary policy regime within the Dynamic Stochastic General Equilibrium (DSGE) model framework in comparison with Taylor rule. The study begins with a comprehensive review of the theoretical foundations of NIT, examining its historical development, economic rationale, and the implications for economic dynamics. This foundation is then applied in a DSGE model, calibrated to represent a small open economy similar to the Czech Republic, to assess the practical effectiveness of NIT under various economic scenarios. The analysis reveals that the nominal income-growth target results in lower welfare loss compared to both the Taylor rule and the nominal income-level target, particularly in response to different types of shocks, namely price level, exchange rate, and total factor productivity (TFP) shocks. The nominal income-growth target effectively stabilizes consumption and output, offering robust performance across scenarios, while the Taylor rule and nominal income-level target show larger declines in key macroeconomic variables. The study’s findings are consistent with existing literature mentioned in the thesis. However, the analysis also identifies limitations in the implementation of the nominal income-level target, suggesting that the specific rule used may not fully capture the complexities of this regime. Overall, this thesis contributes to the debate on the improvement of monetary policy by providing compilation of existing literature as well as an evaluation of NIT within a DSGE framework. The results indicate that NIT in the form of a nominal income-growth target could possibly be an effective tool for central banks in maintaining economic stability and growth. Způsob přístupu: Internet ekonomie [obor dipl. práce] diplomové práce fd132022 czenas master's theses eczenas Monetary policy Nominal income targeting DSGE model Nominal GDP targeting Maršál, Aleš ISIS:8588 ths Potužák, Pavel vse20231203939 opn Vysoká škola ekonomická v Praze. Národohospodářská fakulta kn20010709401 dgg https://insis.vse.cz/zp/86606/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/86606 Hlavní práce https://insis.vse.cz/zp/86606/posudek/vedouci Hodnocení vedoucího https://insis.vse.cz/zp/86606/posudek/oponent/84305 Oponentura https://insis.vse.cz/zp/86606/podrobnosti dc:identifier NEPOSILAT VSKP vse86606 240907 86606