The Adaptive Conduct of Households and the Risks of Institutional Traps in the Conditions of Transformation Processes
Journal Title: Бізнес Інформ - Year 2016, Vol 6, Issue
Abstract
The transmuted forms of implementing the principle of the liquidity preference in the face of protracted instability of both income and prices as the prerequisite for mutation of the adaptive conduct of households are disclosed. The macroeconomic and institutional impacts of transformation of saving the liquidity into the stocks of consumer savings of households in terms of the abnormal price volatility have been characterized. Influence of slowing the turnover of stocks on accelerating the turnover of money along with reducing GDP has been disclosed. It is shown that the propensity of the State to pass on to households the function of lender of the final instance, which in any case would be able to find a way to its survival, ignores the specific forms of adaptive conduct of households and includes the risk of a total de-institutionalization of the economic system together with replacement of the State regulatory mechanisms with the mechanisms of direct violence. It has been proven that social restrictions to the policy of financial stabilization must be a strategic benchmark for the State, which is being forced to seek ways to integrate into the global space in the conditions of dangerous ruptures and shocks of both internal and external origin.
Authors and Affiliations
Maksym Babiy
Keywords
Related Articles
- EP ID EP90824
- DOI -
- Views 81
- Downloads 0
Coordination of Management and Production Processes at the Enterprise
Features of production and management processes concordance on the basis of business-processes matrix construction are considered, criteria and indexes of achievement of coordination as end-point are offered in the artic...
Types and the Specificity of the Methods of Structuring of the Demand for Products of the Industrial Enterprises
The article deals with the main approaches to structuring of the demand for production of the industrial enterprises. Depending on the means of obtaining information there were singled out and were characterized the intu...
State Policy of Stimulation of Industrial Competitiveness under Conditions of Economic Integration
The article is devoted to problems of state regulatory policy of stimulation of economic growth, increase of efficiency of activity of industrial branches of the country. It considers examples of foreign experience in th...
Approach to Assessment of Efficiency of Personnel Activity with Consideration of the Personal factor
The goal of the article lies in identification and formulation of an approach to practical consideration of personal characteristics of personnel in activity and making efficient decisions of the personnel service. Perso...
Organizationally and Economic Mechanism of Forming and Effective use of Human Capital
In this article an author generalized theoretical approaches in determination of socio-economic essence of category "human capital"; the analysis of the systems of the modern state of socio-economic environment, its conn...