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Title:Ekonometrična analiza vpliva monetarne politike na makroekonomske agregate za ZDA in Združeno kraljestvo
Authors:ID Novak, Luka (Author)
ID Jagrič, Timotej (Mentor) More about this mentor... New window
Files:.pdf UN_Novak_Luka_2023.pdf (1,48 MB)
MD5: 4C81E528DB44FBD2C85F42D007B7DAA7
 
Language:Slovenian
Work type:Bachelor thesis/paper
Typology:2.11 - Undergraduate Thesis
Organization:EPF - Faculty of Business and Economics
Abstract:Denarna politika v vsakem razvitem gospodarstvu igra izredno pomembno vlogo, nenazadnje skrbi za stabilno inflacijo, podpira pa še visoko zaposlenost in gospodarsko rast. S pomočjo ekonometričnega pristopa, natančneje Grangerjevega testa kavzalnosti, na podlagi dejanskih podatkov analiziramo vpliv spremenljivk denarne politike na pomembnejše makroekonomske agregate v ZDA in Združenem kraljestvu. V teoriji se ta vpliv prenaša v gospodarstvo preko transmisijskega mehanizma, najpogosteje preko obrestnih mer. Rezultati analize pokažejo, da znotraj enega leta, odločitve denarne politike obeh centralnih bank vplivajo preko spremembe vsaj ene variable na vsak obravnavan makroekonomski agregat v Grangerjevem smislu, vplivi pa so v obeh državah dokaj podobni.
Keywords:Bank of England, denarna politika, Federal Reserve, Grangerjeva kavzalnost.
Place of publishing:Maribor
Publisher:L. Novak
Year of publishing:2023
PID:20.500.12556/DKUM-85423 New window
UDC:336.74
COBISS.SI-ID:168889347 New window
Publication date in DKUM:18.10.2023
Views:502
Downloads:108
Metadata:XML DC-XML DC-RDF
Categories:EPF
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Licences

License:CC BY-ND 4.0, Creative Commons Attribution-NoDerivatives 4.0 International
Link:http://creativecommons.org/licenses/by-nd/4.0/
Description:Under the NoDerivatives Creative Commons license one can take a work released under this license and re-distribute it, but it cannot be shared with others in adapted form, and credit must be provided to the author.
Licensing start date:29.08.2023

Secondary language

Language:English
Title:Econometric Analysis of the Impact of Monetary Policy on Macroeconomic Aggregates for the US and United Kingdom
Abstract:Monetary policy plays an extremely important role in every developed economy, mainly in ensuring stable inflation, while also supporting high employment and economic growth. With the help of an econometric approach, specifically the Granger causality test, we analyze the impact of monetary policy variables on the most important macroeconomic aggregates in the USA and the UK based on actual data. In theory, this influence is transmitted to the economy through a transmission mechanism, most often through interest rates. The results of the analysis show that within one year, the monetary policy decisions of the two central banks affect each considered macroeconomic aggregate in the Granger sense through the change of at least one variable, and the impacts are fairly similar in both countries.
Keywords:Bank of England, Federal Reserve, Granger casualty, monetary policy.


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