SOME APPROACHES TO INFLATION CONTROL AT THE PRESENT STAGE OF ECONOMIC DEVELOPMENT
Journal Title: Економіка розвитку - Year 2013, Vol 65, Issue 1
Abstract
Inflation in Ukraine in 2008–2011, its causes and socioeconomic consequences were examined. Long - term trends in inflation processes were analyzed and inflation was found one of the most acute problems of modern economic development of Ukraine. Recommendations for improving the pproaches to the management of inflation in macroeconomic instability were provided. Attention was paid to the inadmissibility of the use of harsh administrative measures to overcome the general rise in prices, since such actions distort the established model of market economy and instead of a positive result may ause the reverse effect. This allowed to reveal additional reserves to increase the efficiency of researching the measures of coping with inflation. The research process proved that its aim had been gained. It was found that the economic essence of inflation is the devaluation of money, reducing their purchasing power, imbalance of supply and demand that overflow channels of circulation with excess paper money not backed by equal increase in commodity supply.
Authors and Affiliations
V. Marcin
Keywords
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