Vliv kvantitativního uvolňování na ekonomiku USA

Abstract

One of the central banks which left the conventional monetary policy and introduced the quantitative easing policy is the Federal Reserve System. Since the end of 2008 it has come to unconventional monetary policy which also uses today. The goal of this diploma thesis is through the economic analysis to determine the impact of the quantitative easing monetary policy of the U. S. central bank on the economic situation of the United States of America. In the first part of the work it is devoted the definition of the unconventional monetary policy. The second part analyzes each round of quantitative easing and then observes theirs impact on the gross domestic product, inflation and unemployment. In the end of the paper it is outlined an another possible development of the monetary policy in the USA.