The Economic Impact of Quantitative Easing as a Solution of the Government Debt

This thesis deals with quantitative easing as an unconventional tool of monetary policy that is used after economic crisis 2008 by some central banks including Fed, Bank of Japan, Bank of England, European Central Bank and Czech National Bank. The general purpose of this thesis is to define the concept of quantitative easing, to explain the reasons for its use, to evaluate its impact to macroeconomic aggregates in selected countries and put it into context with consumerism and government debt. The main goal is to evaluate the impact of quantitative easing in Czech Republic and valorize it as a tool for solving government debt problem.