Make America Great Again? Fiskální politika prezidenta Donalda J. Trumpa v kontextu hospodářského cyklu a pandemie Covid-19 v USA

This bachelor thesis analyzes the fiscal policy of President Donald J. Trump in the context of business cycles and the Covid-19 pandemic. The aim of the thesis is to verify the assigned scientific hypothesis through the analysis of the federal budget and the development of gross domestic product in the form that the fiscal policy of Donald J. Trump in 2017-2021 led to a gradual decrease in the growth rate of gross domestic product and to a deepening of the federal budget deficit, with a significant contribution of fiscal measures adopted in response to the Covid-19 pandemic. The results of the research confirm a partial part of the hypothesis, which focused on the deepening of the federal deficit. It has been proven that the federal deficit widened in the period 2017-2021 and in 2020-2021 with a significant contribution of fiscal measures taken in the context of the Covid-19 pandemic. The analysis of the development of the growth rate of gross domestic product did not confirm a partial part of the hypothesis of decreasing real GDP growth. The results show that the GDP growth rate decreased only in 2020, not in the other years under review. To verify and falsify the hypothesis, research questions are used on how the revenues and expenditures of the federal budget developed, what fiscal tools were used in response to the Covid-19 pandemic and what were the economic impacts of the tools used. The contribution of this bachelor thesis is to point out the role of fiscal policy in shaping the business cycle and to evaluate the suitability of using fiscal instruments in the context of their economic impacts.