"Whip Inflation Now" and Its Impact on Inflation and Unemployment in the United States in the 1970's
Thesis title: | Program "Whip Inflation Now" a jeho vliv na inflaci a nezaměstnanost v USA v 70. letech |
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Author: | Sirový, Michal |
Thesis type: | Bakalářská práce |
Supervisor: | Tajovský, Ladislav |
Opponents: | Ráček, Martin |
Thesis language: | Česky |
Abstract: | Tématem práce je program WIN Geralda Forda jakožto opatření mající za úkol snížit inflaci v sobě nese mnohá úskalí své doby, tj. v prvé řadě faktor nezaměstnanosti, která v sedmdesátých letech dosáhla téměř 9%, a v druhé řadě zanedbání měnové politiky. Ford ohlásil opatření, která byla opakem kroků Nixonovy administrativy. Pověstné utažení opasků v dobách krize bylo relativně mírné, nasnadě jsou tedy spekulace o snaze vytvořit bojovný, byť ne krutý mediální obraz Geralda Forda. CPI poklesl v roce 1976 z 9.1% na 5.8%, inflace se ale snížila jen krátkodobě a jen težko lze říct, že by šlo o důsledky WINu. Vztah nezaměstnanosti a inflace bude analyzován pomocí Phillipsovy křivky v druhé části práce. |
Keywords: | Inflace; Phillipsova křivka; Nezaměstnanost; Whip Inflation Now; Gerald Ford |
Thesis title: | "Whip Inflation Now" and Its Impact on Inflation and Unemployment in the United States in the 1970's |
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Author: | Sirový, Michal |
Thesis type: | Bachelor thesis |
Supervisor: | Tajovský, Ladislav |
Opponents: | Ráček, Martin |
Thesis language: | Česky |
Abstract: | The topic of this thesis is the Gerald Ford's program WIN as a policy aimed at inflation. WIN is certainly determined by the time it was developer in. The essential aspects are unemployment rate, which had reached 9 percents in the 1970s, and the neglect of monetary policy. Ford's announced policy was the exact opposite of that of Nixon's. The infamous saving in the times of crisis was relatively mild, thus the speculations of an attempt of Ford's PR is an explanation. The CPI level had lowered in 1976 from 9.1 to 5.8 percent, yet the inflation had decreased only in the short-term, and it is a matter of discussion if WIN played any part in that. The relation betwen unemployment and inflation will be analysed at the background of Phillips curve in the second part of the paper. |
Keywords: | Inflation; Unemployment; Whip Inflation Now; Gerald Ford; Phillips curve |
Information about study
Study programme: | Ekonomie a hospodářská správa/Národní hospodářství |
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Type of study programme: | Bakalářský studijní program |
Assigned degree: | Bc. |
Institutions assigning academic degree: | Vysoká škola ekonomická v Praze |
Faculty: | Faculty of Economics |
Department: | Department of Economic History |
Information on submission and defense
Date of assignment: | 10. 10. 2012 |
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Date of submission: | 3. 1. 2013 |
Date of defense: | 12. 2. 2013 |
Identifier in the InSIS system: | https://insis.vse.cz/zp/39660/podrobnosti |